Petron Corp. on Tuesday recorded an P8.2 billion consolidated net income capping the first half of 2017 strong, derived from its upgraded fuel refinery production and profitable products like automotive fuels, LPG,...
At least $70 million worth of energy projects is stocked under Duterte’s EO 30, marking the critical investments as ‘national significance’ that will propel the power industry in the next few years,...
The Philippine National Oil Co. (PNOC) and First Gen are still on board to spearhead the country’s LNG-hub aspirations with $2 billion worth LNG ‘megaproject.’ The large-scale LNG facility is expected to...
The Aboitiz Power Corporation saw a two percent (2%) decline in its core net income to P9.7 billion for the first half of 2017 due to foreign exchange losses. The company lost...
Business tycoon Manny V. Pangilinan is looking into reopening its oil explorations despite the long-time territorial conflict in the West Philippine Sea versus China. Pangilinan’s energy venture, PXP Energy Corp., has ongoing...
The First Gen Corp. will sell 31.5 percent of its subsidiary, Energy Development Corp. (EDC) to the consortium of investment fund managers of the Macquarie Infrastructure and Real Assets (MIRA) and Arran...
Energy Regulatory Commission (ERC) chair Jose Vicente Salazar is suspended once more, this time for four months, due to insubordination. Communications Secretary Marie Banaag announced this in a press conference on Thursday,...
The Department of Energy (DOE) is seeking help from the private sector for the integrated facility project for liquefied natural gas (LNG). This is after the Philippine National Oil Co. (PNOC) has...
The Energy Regulatory Commission (ERC) extended the compliance period for private generation companies (gencos) and distribution utilities (DUs) to June 29, 2018. With the extension, gencos and DUs would have more time...
Power Sector Assets and Liabilities Management Corp (PSALM) is seeking regulators’ approval to pass onto consumers some P3.69 billion in losses; these stemmed from contracts with independent power producers (IPPs). The state-run...
