Sen. Sherwin Gatchalian said that the government should put up the Malampaya gas-to-power project for auction once its Service Contract (SC) 38 expires in 2024. Speaking at a webinar organized by the...
Government-owned Philippine National Oil Company (PNOC) said it has begun looking into the possible development of fuel, electricity, or both from deuterium. Deuterium is a hydrogen isotope with a nucleus made up...
Udenna Group unit Malampaya Energy XP Pte. Ltd. (MEXP) said it is prepared to increase its investments in new exploration and enhancement technologies to boost the gas field’s production and lifespan. MEXP...
AC Energy (ACEN) plans to build a 1,200-megawatt (MW) dual-fuel power plant in Batangas City, which aims to provide the Luzon Grid’s mid-merit and peaking requirements. The project, which would house six...
The Department of Energy (DOE) is preparing for the impending shutdown of the Malampaya gas field this October, which is expected to trigger a hike in electricity rates. Given this, the agency...
Government-owned PNOC-Exploration Corporation (PNOC-EC) will decide in October on whether to give its consent to the Udenna Group’s purchase of Shell’s 45% stake in the Malampaya gas-to-power project. Based on a Manila...
AC Energy (ACEN) is reallocating part of its proceeds from its stock rights offering (SRO) and follow-on offer (FOO) amounting to Php7.07 billion to finance its renewable energy (RE) projects in Pampanga...
Major energy players in the country are set to give a total of Php56 million in cash incentives to Filipino medalists following Team Philippines’ historic run at the Tokyo Olympics. This comes...
Pilipinas Shell Petroleum Corporation has filed a motion for a temporary restraining order (TRO) against the government from collecting excise tax on fuel blending additives. In a disclosure to the Philippine Stock...
SMC Global Power Holdings, the power generation arm of San Miguel Corporation (SMC), registered a 35% increase in its first half net income from Php12.2 billion from Php9.06 billion in the same...
