Manny V. Pangilinan-led PXP Energy said it is drilling two appraisal wells in its Service Contract (SC) 72 exploration block in gas-rich Recto Bank in the West Philippine Sea. “Each of Forum...
While the Philippines does not directly import crude oil from Russia and Ukraine, local pump prices can be affected by the ongoing conflict between the two countries. In a report by BusinessMirror,...
The board of Solar Philippines Nueva Ecija Corporation (SPNEC) has approved the asset-for-share swap with parent company Solar Philippines. In a disclosure to the Philippine Stock Exchange on Thursday, SPNEC said it...
To help address the adverse effects of the continuing oil price hikes in the country, especially to vulnerable sectors like public transport, Sen. Sherwin Gatchalian is looking to file a bill to...
Solar power can now go up against other dominant energy sources in the Philippines after adding in 1,000 megawatts (MW) to the country’s energy mix more than a decade after the passage...
Ayala-led ACEN has sold its 32-megawatt (MW) oil-fired Power Barge (PB) 102 in Lapuz, Iloilo City to SPC Power Corporation for Php39.2 million, based on separate disclosures of both firms to the...
The Department of Finance (DOF) has turned down the idea of suspending the excise tax on fuel to aid certain sectors despite the continuous rise of oil prices globally and locally, arguing...
Citicore Renewable Energy Corporation (CREC) will be investing around Php70 billion to develop 1,500 megawatts (MW) worth of renewable energy (RE) projects over the next five years. The projects, according to CREC...
Citicore Energy Solutions Inc (CESI), the retail electricity supplier (RES) of Citicore Renewable Energy Corporation (CREC) said it has expanded its customer base by 2.5 times after securing contracts with big-ticket power...
Ayala-led ACEN has energized its 40-megawatt (MW) hybrid solar and energy storage project in Alaminos, Laguna – the first of its kind in the country. The Alaminos Energy Storage project, which hosts...
