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AC Energy (ACEN) has issued four billion new shares to Arran Investment Pte. Ltd. as part of the Singaporean firm’s private placement in the Ayala-led company. In a disclosure to the Philippine...
Lopez-led First Philec, Inc., is set to launch its “super green” transformers made from 100% recyclable and biodegradable materials in the market this year to help power distributors cope with their system...
Petron Corporation is set to build additional components in its 180,000 barrel-per-day refinery in Limay, Bataan as part of efforts to shift to cleaner technology and accelerate the transfer of go buy...
Aboitiz Power Corporation, the country’s largest power generator, said it plans to begin constructing a 50-megawatt (MW) solar farm in Luzon by the second half of the year. The company did not...
Due to the huge impact of the COVID-19 pandemic on the upstream oil industry, the Department of Energy (DOE) is evaluating a request to place Service Contract (SC) 55 off the southwestern...
The provision exempting local oil refineries from paying taxes and duties on crude oil imports was retained by Pres. Rodrigo Duterte in his approval of Republic Act 11534 or the Corporate Recovery...
The Department of Energy (DOE) has issued a notice-to-proceed (NTP) for Shell Energy Philippines’ (SEPH) liquefied natural gas (LNG) import terminal project. “The Philippines is an important country for Shell and is...
The closure of the Tabangao refinery, along with the economic slowdown caused by the COVID-19 pandemic took a toll on Pilipinas Shell Petroleum Corporation’s (PSPC) bottomline, as it reported a Php16.2 billion...
Lopez-owned Energy Development Corporation (EDC) has tapped San Francisco-based GreenFire Energy Inc. to perform a commercial retrofit that will restore and generate steam from an idle geothermal well in its Mahanagdong geothermal facility...
The Department of Energy (DOE) has lifted the one-month suspension of Semirara Mining and Power Corporation’s (SMPC) coal trader accreditation. In a disclosure to the local bourse, SMPC said it received a...
Biscuit manufacturer Monde M.Y. San Corporation has recently signed retail electricity supply contracts with Mabuhay Energy Corporation (MECO) for its production plant in Calamba City, Laguna. The deals are particularly for the...
Basic Energy Corporation has received approval from the Department of Energy (DOE) for its proposed 50-megawatt (MW) wind farm in Mabini, Batangas In a disclosure to the Philippine Stock Exchange, the company...
