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The Department of Energy (DOE) said it stands firm on its approval of the sale of Chevron’s 45% stake in the Malampaya gas field to Dennis Uy’s Udenna Corporation. Speaking at a...
Surigao Del Sur Rep. Johnny Pimentel said two offshore gas drilling activities in the Recto Bank in the West Philippine Sea (WPS) must proceed as scheduled despite tensions with China, stating that...
Basic Energy Corporation has recently named Oscar Reyes and Reynaldo Gamboa as chairmen of Basic Renewables, Inc. (BRI) and Mabini Energy Corporation (MEC), respectively. Reyes was the former President and CEO of...
The Udenna unit that that bought Chevron’s 45% stake in the Malampaya gas-to-power project is foreign-owned, according to retired Supreme Court Senior Associate Justice Antonio Carpio. In an interview with the ABS-CBN...
The Department of Energy (DOE) called out the Integrated Bar of the Philippines’ (IBP) for its “sweeping” statement demanding the revocation of the agency’s approval of Udenna Corporation’s purchase of Chevron’s 45%...
Senate energy committee chairman Sherwin Gatchalian is set to file the renewable energy (RE) transition bill that aims to step up RE projects in the country. Speaking at The Philippine Renewable Energy...
Sen. Sherwin Gatchalian said the Senate may request the Commission on Audit (COA) to do a full “fraud audit” on the Department of Energy (DOE) and attached agency Philippine National Oil Company...
The Integrated Bar of the Philippines (IBP) called for the cancellation of a 45% stake in the Malampaya project to Udenna Energy Corp. and delay the final approval of another 45% this...
In addition to its initial public offering (IPO) for its “solar ranch” in Nueva Ecija, Solar Philippines will be offering green bonds of up to Php4.15 billion, particularly for its Tarlac joint...
The Securities and Exchange Commission (SEC) has approved the real estate investment trust (REIT) initial public offering (IPO) sponsored by Citicore Renewable Energy Corporation (CREC) and Citicore Solar Tarlac 1, Inc. The...
