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Petron Corp. is looking for partners the development of its new oil refinery estimated to cost $10 billion. The oil company wants to construct a new oil refinery in order to address...
The Supreme Court has ruled in favor of Pilipinas Shell Petroleum Corp. filed by the Bureau of Customs (BOC) over the former’s failure to pay nearly P1 billion in duties and taxes...
Ayala Corp.’s wholly-owned unit AC Energy has signed an investment agreement to develop a $150-million wind power project in Indonesia. The company partnered with UPC Renewables Indonesia Ltd. for the development, construction...
Phinma Energy Corp. has subscribed to the preferred shares of its renewable energy subsidiary Trans-Asia Renewable Energy Corp. (TAREC) to boost the latter’s capital base. In a disclosure to the Philippine Stock...
AC Energy Holdings Inc. will set aside its hydropower projects and will focus on renewable energy (RE) developments in more advanced stages after selling all its interests in three hydropower companies. The power...
Aboitiz Power’s renewable energy arm has acquired the P2.88-billion loan of San Carlos Sun Power Inc. (Sacasun) from BDO Unibank Inc. to develop its solar power project in Negros Occidental. Aboitiz Power...
Manila Electric Co. (Meralco) will relaunch its plans to venture into the battery energy storage this year amid talks with US company Tesla Motors Inc. Meralco SVP and head of customer retail...
Ayala’s AC Energy Holdings Inc. and its partners have acquired the Indonesian and Philippine geothermal assets of Chevron Corp. The Indonesian consortium, with members AC Energy, Electricity Generating Public Company Ltd., Star...
Japan’s Marubeni Group has acquired 20 percent of the Southern Luzon Thermal Energy Corp. (SLTEC) under a partnership with Phinma Energy Corp. and AC Energy Holdings Inc. Marubeni’s local subsidiary Axia Power Holdings...
Pilipinas Shell Petroleum Corp. last week said its Valenzuela station has been cleared from claims that it is selling gasoline blended with methanol. The Department of Energy (DOE) has examined products taken...
