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...
Two more firms are seeking to build their own liquefied natural gas (LNG) terminals in the country, according to the Department of Energy (DOE). Based on a BusinessWorld report, Energy Asec. Leonido Pulido...
Global credit rating firm Moody’s Investors Service has affirmed the Power Sector Assets and Liabilities Management Corporation’s (PSALM) credit profile with a “stable” outlook due to its “strategic importance to and strong...
Dennis Uy-led Phoenix Petroleum Philippines Inc. is looking to unload shares and divest their assets following the impact of the pandemic on oil demand. In a disclosure to the Philippine Stock Exchange...
