Petron Corporation opened the year strong posting consolidated revenues of P129 billion for the first quarter of 2018, 21 percent higher than the previous year’s P106 billion. Consolidated net income reached P5.8
Aboitiz Power Corporation (AboitizPower) recorded for the first quarter of 2018 a 9 percent year-on-year decrease in its consolidated net income, from P4.4 billion to P4.0 billion. AboitizPower recognized non-recurring foreign exchange
The Manila Electric Co. (Meralco) is looking to invest in a power distribution business in Ghana amid its overseas expansion. The Millennium Development Authority (MiDA) has chosen Meralco as the preferred bidder
Energy sales increase from renewable energy (RE) investments boosted Yunchengco Group’s PetroEnergy Resources Corp. (PERC) revenue by 44 percent. In a disclosure to the Philippine Stock Exchange Exchange, PERC reported their 2017
The Phinma Petroleum and Geothermal Inc. (PPGI) is looking to build a liquefied natural gas (LNG) integrated terminal in Cebu. The company said that it has signed an agreement foreign companies to
The Phinma Energy Corp. is set to energy the fuel supply business this year that will serve as the company’s buffer amid the arising fuel supply risks. Phinma Energy president and CEO
The First Philippine Holdings Corp. (FPH) had a 40 percent drop in net earnings for 2017 following non-recurring losses from energy subsidiary; First Gen Corp. The company disclosed that its net income
The market share of major oil companies dips in 2017 following a tighter competition and aggressive expansion program of the industry, the Energy Department said. According to DOE’s Oil Supply/Demand Report, major
Basic Energy Corp. (BEC) will spend around P180 million for its 15 percent equity investments in Thai engineering, procurement, and constructions (EPC) contractors that will bring steady revenue stream for the company.
Basic Energy Corp. (BEC) has secured equity investments in the engineering, procurement, and construction (EPC) contractors for a 220-megawatt (MW) solar power project in Myanmar. In a disclosure to the Philippine Stock
