ACEN-backed ENEX Energy Corp. slashed its net loss by 72% to P3.41 million in Q1 2025 from P12.22 million in Q1 2024, signaling a strong financial strategy as it gears up for...
Sustaining its 2024 performance, Petron Corporation recorded a PHP4.03 billion profit in Q1 2025, navigating lower oil prices and tightening refining margins through strong domestic sales. The oil giant posted consolidated revenues...
Some firms are seen to pause their exploration plans for petroleum sources in the country due to the ongoing coronavirus disease 2019 (COVID-19) pandemic, said the Department of Energy (DOE). “Oil and...
Chairman of the Senate Committee on Energy Senator Sherwin Gatchalian is calling for a Senate inquiry to determine the effects of the implemented quarantine measures brought about by the coronavirus disease 2019...
Russian Ambassador Igor Khovaev urged Philippine firms to source for oil and gas in Russia in light of President Rodrigo Duterte’s invitation for a joint oil and gas exploration, stating that it...
Energy experts eye a possible energy crisis unless the country increases its oil and gas reserves in the next few years, in light of the steady decline in the Philippines’ oil and...
The Department of Energy (DOE) is set to craft rules on the Philippine National Oil Company – Exploration Corporation’s (PNOC-EC) possible deals after the passage of an executive order allowing third party...
The Philippines and China is in talks for possible partnerships for oil and gas exploration this year. “We are now in the stage of finalizing the terms of reference to implement the...
The Philippines is preparing to sign the two joint oil and gas exploration agreements with China. This was what Department of Energy (DOE) Secretary Alfonso Cusi said before the scheduled visit by...
The Philippines has opened talks with Indonesia for collaborations in benchmarking policies and incentives for gas and oil investments. In his bilateral meeting in Singapore last week, Department of Energy (DOE) Secretary...
