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The Manila Electric Company (MERALCO) and the Philippine Rural Electric Cooperatives Association (PHILRECA) party-list are appealing to the public to be more responsible in using electricity, as dry months persist and temperatures continue...
Phoenix Petroleum has cut down its capital expenditure (capex) for 2021 to Php800 million, nearly half its Php1.5 billion allocation in 2020 to save cash and rationalize spending. Based on a report...
AC Energy (ACEN) is eyeing its follow-on offering (FOO) on May 14, the company said during its annual stockholders meeting on Monday. Based on a report from The Philippine Star, the date...
Petron Corporation has completed the issuance of its unsubordinated capital securities worth $550 million (Php26.7 billion). In a disclosure to the Philippine Stock Exchange on Tuesday, the country’s largest oil firm said...
Lopez-owned Energy Development Corporation (EDC) has tapped Milan-based Exergy International for the supply of an organic rankine cycle (ORC) binary system for its first brine recovery geothermal plant at the foot of...
AC Energy (ACEN) is looking to develop solar, wind and battery energy storage systems (BESS) projects this year to increase its renewable energy (RE) portfolio. At the company’s annual stockholders meeting on...
Lopez-led First Gen Corporation, through subsidiary FGEN LNG Corporation, has selected Dallas-based engineering firm Jacobs to build its interim liquefied natural gas (LNG) terminal project in Batangas City. Jacobs will particularly deliver...
Atlantic Gulf & Pacific Company (AG&P) is launching $600 million in new liquefied natural gas (LNG)-related projects in the Philippines, the United States, India, and other countries, the company told Power Philippines...
ACE Enexor, Inc. (ACEX), the exploration unit of Ayala-led AC Energy, is planning to drill an exploratory well within the Service Contract (SC) 55 block off the coast of southwestern Palawan by...
Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has recently awarded a contract to Houston, Texas-based McDermott International for the engineering, procurement, and construction (EPC) of a liquefied natural gas (LNG)...
