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
Energy Secretary Alfonso Cusi reiterates that Philippine laws will be followed in the service contact (SC) areas that are even within the West Philippine Sea (WPS). This follows President Rodrigo Duterte’s lifting
The Philippine National Oil Company (PNOC) has signed a Memorandum of Understanding (MOU) with New York-based New Fortress Energy LLC (NFE) to develop infrastructure to supply reliable, cost-competitive power and natural gas
With the impending depletion of the Malampaya gas field’s reserves and amid warming relations between the Philippine and Chinese governments, President Rodrigo Duterte has approved the Department of Energy’s (DOE) recommendation to
Amidst persisting challenges of businesses and households in the country brought about by the COVID-19 pandemic, First Bay Power Corporation (FBPC) stands as a beacon of hope with the renewal of its
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the
The Energy Regulatory Commission (ERC) is set to implement the retail competition and open access (RCOA) scheme for small and medium enterprises, as well as groups of households within the first quarter
Lockdowns, refinery shutdowns, and travel restrictions due to the COVID-19 pandemic knocked down crude oil import volumes in the first half of 2020 with 28% year-on-year, while refined petroleum import volumes dropped
FirstGen subsidiary FGEN LNG Corporation has tapped the services of Australia-based McConnell Dowell as the Lopez-owned company’s engineering, procurement and construction (EPC) contractor for its interim liquefied natural gas (LNG) import terminal project.
Petron, the country’s biggest oil refiner, may close its refinery in Limay, Bataan if the government wouldn’t heed its appeal for a level playing field in the local oil industry, said its
