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The Manila Electric Company (MERALCO) reported a 38.6% decline in its net income in the first three quarters of 2020 compared to the same period last year. In a disclosure to the...
The Court of Tax Appeals (CTA) has rejected a petition for review filed by oil giant Petron Corporation, which sought to refund Php56 million of taxes it paid in 2012 for the...
Increasing oil imports resulting from Shell’s decision to close its Batangas refinery would make the Philippines vulnerable to global oil price swings and jacking up of inflation, global market research company Fitch...
State-owned Philippine National Oil Company (PNOC) said it will begin its feasibility study on establishing a strategic petroleum reserve next year due to delays brought by the COVID-19 pandemic. The study, which was...
Following the lifting of the oil exploration moratorium in the West Philippine Sea, the Philippine National Oil Company – Exploration Corporation (PNOC-EC) is looking to start drilling operations near the Malampaya gas...
Two congressmen who survived COVID-19 have filed a bill that aims to allot part of the Malampaya funds, as well as other public-private partnerships (PPP) to improve the quality of the country’s...
AC Energy is set to build its second solar farm in India worth USD36 million (Php1.75 billion) and with a capacity of 70 megawatts (MW). This comes as subsidiary UPC-AC Energy Solar won the...
Senate energy committee chairman Sherwin Gatchalian hopes that Petron Corporation would reconsider its plan to close its refinery in Limay, Bataan in the wake of job cuts caused by the COVID-19 pandemic....
With its critical role in the country’s security, Sen. Sherwin Gatchalian, Sen. Panfilo Lacson, and Senate President Vicente Sotto III, are seeking a probe into the depleting supply of the Malampaya gas...
The share price of PXP Energy Corporation at the Philippine Stock Exchange went up 125% in two consecutive trading days on the heels of President Rodrigo Duterte’s lifting of the oil exploration...
