Residential sales volume or the consumption of electricity in residential areas of the Manila Electric Company’s (MERALCO) franchise area increased in the first nine months of 2020 due to work-from-home (WFH) arrangements...
Petron Corporation President and CEO Ramon S. Ang said the oil giant will shut down its refinery in Limay, Bataan “very soon” as it continues to be aggravated by the COVID-19 pandemic...
The Manila Electric Company (MERALCO) reported a 38.6% decline in its net income in the first three quarters of 2020 compared to the same period last year. In a disclosure to the...
Typhoon Quinta has damaged an estimated Php1,112,499.72 worth of power facilities, according to the National Electrification Administration (NEA). The NEA also reported that 35 electric cooperatives were affected, 12 of which have...
The Court of Tax Appeals (CTA) has rejected a petition for review filed by oil giant Petron Corporation, which sought to refund Php56 million of taxes it paid in 2012 for the...
(2ND UPDATE) As of 4PM Monday, The National Grid Corporation of the Philippines (NGCP) has restored at least six transmission lines that were knocked down by Typhoon Quinta. The lines service five power distributors...
Increasing oil imports resulting from Shell’s decision to close its Batangas refinery would make the Philippines vulnerable to global oil price swings and jacking up of inflation, global market research company Fitch...
State-owned Philippine National Oil Company (PNOC) said it will begin its feasibility study on establishing a strategic petroleum reserve next year due to delays brought by the COVID-19 pandemic. The study, which was...
Following the lifting of the oil exploration moratorium in the West Philippine Sea, the Philippine National Oil Company – Exploration Corporation (PNOC-EC) is looking to start drilling operations near the Malampaya gas...
Two congressmen who survived COVID-19 have filed a bill that aims to allot part of the Malampaya funds, as well as other public-private partnerships (PPP) to improve the quality of the country’s...
