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Pilipinas Shell Petroleum Corp. continues to show progressive measures into its 2017 capital expenditures as the company is set to upgrade its refinery in Tabangao, Batangas to produce bitumen. In a disclosure...
Phoenix Petroleum Philippines Inc. (PNX) has signed a non-binding memorandum of understanding (MOU) with global oil trading company Noble Clean Fuels Limited (NCFL) for a possible partnership in seeking offshore supply of...
Pilipinas Shell Petroleum Corp. will add 70 more stations next year to boost its sales amid fluctuating global oil prices. Shell Country Chairman Cesar Romero said the company will build 50 to...
Royal Dutch Shell’s local unit is on the hunt for renewable energy opportunities in the country as it looks beyond fossil fuels, a top official said. Pilipinas Shell chairman Cesar Romero on...
Japanese firms are interested in investing in the country’s liquefied natural gas (LNG), including the government’s plan to establish an LNG receiving terminal in Batangas. One of these firms is Tokyo Gas...
Basic Energy Corp. received approval from the Department of Energy (DOE) to go ahead with its Farm-In Agreement and Deed of Assignment with DESCO, Inc. This will allow DESCO to aquire 80...
The Manila Electric Co. (Meralco) has formed a subsidiary that will act as its retail electricity supplier as part of its move to comply with one of the provisions of the retail...
Global Business Power Corp. is looking to expand its energy portfolio in Visayas by adding in hydro and biomass power plants with around 100 megawatts of capacity. The biomass plant will be...
Independent oil company Phoenix Petroleum Philippines, Inc. (PNX.PS) saw a 19 percent increase on its net income to P903.8 million during the third quarter this year from P758.4 million in the same...
The Board of Investments (BOI) has granted the DMCI Power Corp. (DPC) tax perks for its P620-million power facility that will provide 10 megawatts (MW) of power in Palawan. DPC will receive...
