AC Energy (ACEN), the Ayalas’ power unit, will invest Php250 million in subsidiary firm Buendia Christiana Holdings Corporation (BCHC) through a shares subscription arrangement. In a..
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) once again declared a failure in its attempt to sell the 650-megawatt Malaya Thermal Power Plant (MTPP)..
Shell Philippines Exploration B.V. (SPEX) is eyeing the sale of its 45% interest in the $4.5 billion Malampaya deep water gas-to-power project. In a report..
Independent fuel company Seaoil Philippines, Inc. has reached a key milestone, as it opened its 500th station along Meralco Avenue in Pasig City. Moreover, the..
Eugenio “Gabby” Lopez III has left his post as a director of the board of First Gen Corporation, in addition to resigning as chairman emeritus..
Worldwide demand for oil has scaled back due to the COVID-19 pandemic, based on estimates from the International Energy Agency (IEA). Global demand currently stands..
A measure aimed at extending the mandatory implementation of lifeline rates for low-income consumers beyond 2021 is up for approval at the plenary of the..
Six months into the COVID-19 pandemic, major energy players AC Energy and Pilipinas Shell Petroleum corporation look forward to emerge from economic effects of the..
Sen. Sherwin Gatchalian has filed a bill to help replace the depleting sources of natural gas from the Malampaya power project and help avert power..
AboitizPower won a Silver Stevie award for its Integrated Response and Awareness towards COVID-19 Hazards (I-REACH) program in the Most Valuable Corporate Response category in..