PXP Energy Corporation has cut its core net loss by 66.9% to Php5.6 million in the first quarter of the year from Php16.9 million in the same period last year. In a...
After more than a year of waiting, the Department of Energy (DOE) has officially approved the sale of Chevron’s 45% share in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate...
Metro Pacific Investments Corporation (MPIC) is looking to expand the Philippine Coastal Storage and Pipeline Corporation’s (PCSPC) existing 84-kilometer oil pipeline going into Metro Manila in anticipation of increasing fuel demand. The...
Lower incomes and operating expenses of the Manila Electric Company (MERALCO) and Global Business Power Corporation (GBP) due to the COVID-19 pandemic were major factors in Metro Pacific Investment Corporation’s (MPIC) 34%...
MERALCO PowerGen Corporation (MGen), the power generating arm of the Manila Electric Company (MERALCO), is seriously considering the use of liquefied natural gas (LNG) for its power plants instead of the previously...
A group of companies led by business tycoon Manny V. Pangilinan have formally submitted an offer to acquire 45% of the Malampaya gas-to-power project being sold by Shell Philippines Exploration B.V. (SPEX)....
Metro Pacific Investments Corporation (MPIC) of business tycoon Manny V. Pangilinan and Singapore-based Keppel Infrastructure Trust (KIT) have completed the acquisition of Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the country’s largest...
Aboitiz Power Corporation remains the country’s top power generating firm, closely followed by San Miguel Corporation, based on the latest data from the Department of Energy (DOE). The DOE, in its 37th Electric...
Meralco PowerGen Corporation (MGen), the power generation arm of the Manila Electric Company (MERALCO), the country’s largest power distributor has taken full ownership of Global Business Power Corporation (GBP), the largest power...
Roxas Holdings, Inc. (RHI), a First Pacific-controlled firm that owns renewable energy company San Carlos Bioenergy, Inc. (SCBI), has named Celso Dimarucut as its new President and CEO. In a disclosure to...
