Dennis Uy-led Phoenix Petroleum Philippines Inc. is looking to unload shares and divest their assets following the impact of the pandemic on oil demand. In a disclosure to the Philippine Stock Exchange...
Amid continued calls for eco-friendly energy solutions, the Department of Energy (DOE) has drafted a circular for the development and operation of electric vehicle charging stations (EVCS) across the country. “Private and...
With the Malampaya gas field’s reserves dwindling, the Department of Energy (DOE) is continuing to convince companies to invest liquefied natural gas (LNG) opportunities in the Philippines. Speaking at the 2nd LNG...
The Department of Energy (DOE) is currently looking for investors to provide electricity services to at least 69 areas considered as “remote, underserved, and unserved.” Targeted investors will only be given entry...
The Philippines and neighbor members of the Association of Southeast Asian Nations (ASEAN) stand to benefit from the Green Climate Fund’s (GCF) $300 million support to the Asian Development Bank’s (ADB) green recovery...
Apart from being a retail electricity supplier (RES), Mabuhay Energy Corporation (MECO) is also poised to enter the renewable energy (RE) scene with solar and hydroelectric ventures as part of its Php500 million...
Petron Corporation has committed to reopen its 180,000-barrel per day refinery in Limay, Bataan this July amid low fuel demand due to the COVID-19 pandemic. Petron President and CEO Ramon Ang said...
The average price in the Wholesale Electricity Spot Market (WESM) hit Php4.23 per kilowatt hour (kWh) this month, nearly twice the previous month’s, as both power demand and generator outages increased, according...
AC Energy is consolidating its Philippine and international platforms via a property-for-share swap worth Php85.9 billion. In a disclosure to the Philippine Stock Exchange on Friday, AC Energy Corporation (ACEN) said its...
Citicore Power Inc. (CPI), through subsidiary Rio Norte Hydropower Corporation, has chosen Chinese engineering firm Xian Electric Engineering Co. Ltd. to build its 19.7-megawatt (MW) hydropower project in Isabela. On Thursday, Citicore...
