Basic Energy Corp. president and COO Oscar de Venecia Jr. said during the company’s stakeholders meeting that it is looking into developing solar energy plants to gain short-term revenues as their geothermal sites...
Eastern Petroleum Corp. will roll out almost 100 company-owned, company-operated (CoCo) EC Gas outlets in some parts of Luzon this year with a target of opening five branches every month under their...
Chevron Philippines Inc. (CPI) is set to retain its position as the top three oil player in the country by building 32 new retail stations 25 percent of which will be in Mindanao. CPI...
The Department of Energy (DOE) has exceeded the allocated 500-MW capacity for the Feed-in-Tariff (FIT) set by the government after endorsing 17 new solar power projects on the second round of FIT. The...
Twelve companies in Central Luzon have chosen AboitizPower for operational support under the retail competition and open access scheme (RCOA). Under the RCOA, end-users who are part of the contestable market can...
Australia-listed Otto Energy Investments Ltd., who has been operating in the Philippines for 10 years, has announced its plans to pull out of its interest in a Northern Palawan gas field after...
ThermaPower Inc., a subsidiary of AboitizPower Corp. has gained full control of East Asia Utilities Corp. (EAUC), adding 50-MW to bridge the gap in their 4,000-MW target by 2020. ThermaPower bought 50 percent...
Basic Energy Corp. and Trans-Asia Oil and Energy Development Corp. said spudding of exploratory wells in the Mabini Geothermal Service Contract no. 8 has already begun. Exploratory wells with a minimum depth...
Pilipinas Shell Petroleum Corp. (PSPC) has secured its green light from its parent company to have an initial public offering (IPO), according to the Department of Energy. Pilipinas Shell country chairman Edgar Chua...
