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..
Tag Archives: oil exploration
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..
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..
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)..
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..
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..
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..
Manny V. Pangilinan-led PXP Energy Corporation said that it is settling its dispute with its Australian joint venture partner over their offshore exploration venture in..
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”..
PXP Energy recorded a lower core net loss of Php22.2 million in the first half of 2021, 19% lower from Php26.9 million in the same..