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Corporate rivals Manny V. Pangilinan and Ramon S. Ang may be going head-to-head again, this time in the energy arena, as Pangilinan’s MVP Group and Ang’s San Miguel Corporation (SMC) have expressed...
The National Grid Corporation of the Philippines (NGCP) is re-assessing the impact of the COVID-19 pandemic on its big ticket projects. In a statement, NGCP said it eagerly looks forward to completing...
AC Energy (ACEN), the Ayalas’ power unit, will invest Php250 million in subsidiary firm Buendia Christiana Holdings Corporation (BCHC) through a shares subscription arrangement. In a disclosure to the Philippine Stock Exchange, ACEN...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) once again declared a failure in its attempt to sell the 650-megawatt Malaya Thermal Power Plant (MTPP) in Pililla, Rizal despite cutting its price...
Shell Philippines Exploration B.V. (SPEX) is eyeing the sale of its 45% interest in the $4.5 billion Malampaya deep water gas-to-power project. In a report from Reuters, the company said the proposed...
Independent fuel company Seaoil Philippines, Inc. has reached a key milestone, as it opened its 500th station along Meralco Avenue in Pasig City. Moreover, the company said it remains on track to...
Eugenio “Gabby” Lopez III has left his post as a director of the board of First Gen Corporation, in addition to resigning as chairman emeritus and director of sister company ABS-CBN Corporation,...
Worldwide demand for oil has scaled back due to the COVID-19 pandemic, based on estimates from the International Energy Agency (IEA). Global demand currently stands at around 91.7 barrels per day (bpd)...
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