Citicore Energy REIT Corporation (CREIT) registered a net income of Php226 million in 2021, a 117% increase from the Php104 million it recorded in 2020...
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Ayala-led ACEN has officially sold its oil-fired 32-megawatt Power Barge (PB) 103 docked in Lapu-Lapu City, Cebu to SPC Power Corporation for Php39.2 million, the..
The Department of Energy (DOE) has asked the Cabinet’s Security, Justice, and Peace Coordinating Cluster (SJPCC) to immediately allow the resumption of oil exploration activities..
The Manila Electric Company (MERALCO) is seeking new bidders to supply its franchise area with 1,030 megawatts (MW) of electricity after the Department of Energy..
With the Russia-Ukraine conflict in its second month, Petron – the Philippines’ largest oil firm – said that its oil supply remains stable, at least..
After securing Service Contract (SC) 77, SK Liguasan Oil and Gas Corporation (SKLOGC) is targeting to acquire two rigs to begin drilling inside the Cotabato..
First Gen Corporation, through subsidiary Energy Development Corporation (EDC), has begun supplying The Linden Suites with power from its geothermal plants for the multi-use hotel’s..
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in..
Lopez-led Energy Development Corporation (EDC) has allotted Php17.38 billion in capital expenditures (capex) this year which will be used for the operation, maintenance, and expansion..
The Department of Energy (DOE) has ordered PXP Energy Corporation to put on hold its exploration activities, particularly for its Service Contract (SC) 72 and..
