Ayala-led ACEN is set to swap some of its assets for shares in exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities signed before the end of...
Ayala-led ACEN has dropped oil exploration as one of its businesses amid its drive to build an all-renewable energy portfolio by 2025. The move was approved by the company’s shareholders during its...
Ayala-led ACE Enexor has named Rolando “Don” Paulino, Jr. as its new president and one of its directors effective January 1, 2022. In a disclosure to the Philippine Stock Exchange, Enexor said...
The government is planning to invest Php502 billion over the next two decades with the intention of extracting up to 4.0 trillion cubic feet (TCF) to replace the resources of the depleting...
Amid the ongoing debate over Udenna Corporation’s impending takeover of the Malampaya gas facility, the Department of Energy (DOE) urges Congress to revise Presidential Decree (PD) 87 or the Oil Exploration and...
Vice President Leni Robredo said she will not purse any oil exploration venture with China in the West Philippine Sea (WPS) should she win the presidency in next year’s elections. Speaking at...
The Manila Electric Company (MERALCO) is planning to conduct a competitive selection process (CSP) for a power supply agreement (PSA) that would replace capacity coming from First Gen Corporation’s power plants that...
Amid the Malampaya gas field’s dwindling resources, an official of the PNOC-Exploration Corporation (PNOC-EC) said three areas in Mindanao could take over in terms of providing the country its own supply of...
Citing the steady decline in the Malampaya gas field’s reserves and lack of investments in exploration, global market research firm Fitch Solutions issued a “bleak” outlook for the Philippines’ upstream energy sector....
The country’s energy sector is gearing up for a “triple whammy” next year, especially in the peak demand months of summer due to high chances of continued forced outages, the derating of...
