Dennis Uy-led Phoenix Petroleum posted a Php121 million net income in the first quarter of the year, reversing a Php386.3 million loss in the same period last year, when the COVID-19 pandemic...
Pilipinas Shell Petroleum Corporation (PSPC) said that it looks forward to higher earnings this year with the economy slowly opening up. At the firm’s virtual annual stockholders meeting on Monday, PSPC President...
After surprising the energy sector with its winning bid, Fort Pilar Energy, Inc. is planning to transform the 650-megawatt Malaya Thermal Power Plant (MTPP) and its land into a “modern energy facility.”...
Amid Pres. Rodrigo Duterte’s pronouncements that he can no longer get back territories claimed by China in the West Philippine Sea (WPS), the Department of Energy (DOE) said it still aims to...
Pilipinas Shell Petroleum Corporation has elected retired Bangko Sentral ng Pilipinas (BSP) Gov. Amando Tetangco, Jr. as its new independent director. The announcement was made during Shell’s annual stockholders meeting on Tuesday...
Listed firm AbaCore Capital Holdings, Inc. is set to acquire 90% of Simlong Energy Development Corporation (SEDCO), which is set to develop an energy industrial park in Batangas City funded by China’s...
First Gen Corporation has been tapped by the Araneta Group to supply renewable energy (RE) to the iconic Ali Mall in Cubao, Quezon City. The Lopez-led firm, through subsidiary Bacman Geothermal, Inc....
The Asian Development Bank (ADB) said it will stop financing new coal power plants in the region under a proposed energy policy released last Friday (May 7). The ADB, which gives loans...
Aboitiz Power Corporation said it sees the opportunity of blockchain-enabled trading of electricity within communities and end-users if there would be a policy or regulatory framework to support it, especially in freely...
SMC Global Power Holdings (SMCGPH), the power generating arm of San Miguel Corporation, is allotting Php124 billion in capital expenditures (capex) for 2021 to finance the construction and expansion of its projects,...
