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Shell Philippines Exploration B.V. (SPEX) is eyeing the sale of its 45% interest in the $4.5 billion Malampaya deep water gas-to-power project. In a report from Reuters, the company said the proposed...
Independent fuel company Seaoil Philippines, Inc. has reached a key milestone, as it opened its 500th station along Meralco Avenue in Pasig City. Moreover, the company said it remains on track to...
Eugenio “Gabby” Lopez III has left his post as a director of the board of First Gen Corporation, in addition to resigning as chairman emeritus and director of sister company ABS-CBN Corporation,...
Worldwide demand for oil has scaled back due to the COVID-19 pandemic, based on estimates from the International Energy Agency (IEA). Global demand currently stands at around 91.7 barrels per day (bpd)...
Six months into the COVID-19 pandemic, major energy players AC Energy and Pilipinas Shell Petroleum corporation look forward to emerge from economic effects of the crisis. Speaking at Standard Chartered’s “Philippines –...
AboitizPower won a Silver Stevie award for its Integrated Response and Awareness towards COVID-19 Hazards (I-REACH) program in the Most Valuable Corporate Response category in this year’s International Business Awards (IBAs). The...
The Manila Electric Company (MERALCO) has paid its Php19 million fine imposed by the Energy Regulatory Commission (ERC) for supposedly violating the agency’s directives regarding its billing of customers from March to...
Davao-based Tycoon Dennis Uy joins the group of Manuel V. Pangilinan (MVP) in eyeing exploration activities in the West Philippine Sea, particularly in the Recto Bank Basin. Uy’s Udenna Corporation submitted its...
Aboitiz Power Corporation reported a net income of ₱3.7 billion for the first half of 2020, 57 percent lower versus ₱8.6 billion recorded last year. The company recognized non-recurring gains of ₱224...
The Manila Electric Co. (MERALCO) announced a P0.0278 per kilowatt hour (kWh) increase in power rates for the month of March, entailing a P8.8901 per kWh electricity charge compared to last month’s...
