In what appears to be a turnaround from its original stance, Petron has decided to permanently resume operations of its 180,000 barrels-per-day refinery in Limay, Bataan. At the oil giant’s annual stockholders...
Lopez-led Energy Development Corp. (EDC) said it recorded a Php9.85 billion in recurring net income attributable to equity holders of the parent in 2020 despite a significant reduction in electricity demand due...
Dennis Uy-led Phoenix Petroleum announced it will bring its product line of lubricants in Indonesia through its newly established overseas subsidiary Phoenix Petroleum Indonesia. The oil firm’s lubricant brand PNX Lubricants will...
The Department of Energy (DOE) has endorsed eight more projects to the National Grid Corporation of the Philippines (NGCP) for it to undertake system impact studies (SIS), bringing the total to 24...
AC Energy (ACEN) will be investing around $3 billion in solar and wind projects to achieve the goal of reaching 5,000 megawatts (MW) of renewable energy (RE) generation capacity by 2025 or...
The Manila Electric Company (MERALCO) said it will be “very considerate” and “compassionate,” as it resumes disconnection activities with the imposition of the general community quarantine (GCQ) with “heightened restrictions” in the NCR-plus...
The refinery shutdowns of Petron and Shell led the country’s oil refining output to drop by 41.8% to 5,504 million liters (ML) in 2020 from 9,460 ML in 2019, according to the...
AC Energy Corporation (ACEN) has completed its follow-on offering (FOO), in which it has raised Php13.1 billion to fund its renewable energy projects this year. A total of 2.01 billion shares were...
Shell Energy Philippines (SEPh) will be sourcing 20 megawatts of renewable energy (RE) from Citicore Power’s (CPI) solar plant in Mariveles, Bataan. Citicore President Oliver Tan said that the collaboration is part...
Basic Energy Corporation on Wednesday formalized real estate firm MAP 2000 Development Corporation’s (M2DC) ownership of the power company. In a disclosure to the Philippine Stock Exchange on Friday, Basic Energy said...
