Petron’s decision to suspend operations of its refinery in Limay, Bataan and Shell’s closure of its Tabangao refinery in Batangas City pulled down the market share of the country’s two largest oil
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
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
Filipino Olympic middleweight boxer Eumir Marcial is expected to receive a total of Php5 million entities owned by major energy players Manny V. Pangilinan, Ramon Ang, and Dennis Uy for his bronze
Filipino Olympic boxer Nesthy Petecio will also be getting cash incentives, this time worth Php13 million, for her silver finish in the Tokyo games. Manila Electric Company (MERALCO) and PXP Energy’s Manny
Dennis Uy-led Phoenix Petroleum proceeded to build up its balance sheet after it settled Php3 billion in commercial papers (CP) on Monday. In a disclosure to the Philippine Stock Exchange on Tuesday,
Major players in the country’s energy sector are giving Hidilyn Diaz a total of Php25 million for bagging the Philippines’ first-ever Olympic gold medal in Tokyo on Monday night. Manny V. Pangilinan,
The Udenna Group of Davao-based tycoon Dennis Uy defended subsidiary Malampaya Energy XP’s (MEXP) purchase of Shell Philippines Exploration B.V. (SPEX), saying it has the funds to operate the gas project. MEXP
Dennis Uy-led Phoenix Petroleum said that it further increased its market share, based on data from the Department of Energy. As of May 25, the Davao-based oil firm holds 7.81% of the
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of Udenna Group unit UC38 LLC in approving the Dennis Uy-led firm’s acquisition of Chevron’s 45% stake in
