The Udenna Group of Davao-based businessman Dennis Uy wants total control of the Malampaya natural gas project by acquiring Shell’s 45% stake, bringing him into..
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is gearing up for the sale of its 50,447 square meter property in Mexico, Pampanga. PSALM has..
Corporate rivals Manny V. Pangilinan and Ramon S. Ang may be going head-to-head again, this time in the energy arena, as Pangilinan’s MVP Group and..
The National Grid Corporation of the Philippines (NGCP) is re-assessing the impact of the COVID-19 pandemic on its big ticket projects. In a statement, NGCP..
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..