Phoenix Petroleum has cut down its capital expenditure (capex) for 2021 to Php800 million, nearly half its Php1.5 billion allocation in 2020 to save cash and rationalize spending. Based on a report...
While the Philippines’ two largest oil firms have been slapped with huge losses in 2020 due to the COVID-19 pandemic, Phoenix Petroleum — the country’s third-largest player — managed to post a...
Dennis Uy-led Phoenix Petroleum Philippines Inc. is looking to unload shares and divest their assets following the impact of the pandemic on oil demand. In a disclosure to the Philippine Stock Exchange...
Phoenix Petroleum Philippines of Davao-based businessman Dennis Uy has clarified that the company is not for sale, though investors are welcome to boost capital for further expansion. In a report by The...
Davao-based businessman Dennis Uy is looking to sell Phoenix Petroleum, the country’s third-largest oil player, as the petroleum industry continues to feel the effects of the COVID-19 pandemic. In a report by...
The Department of Energy (DOE) has cancelled Phoenix Petroleum Philippines’ application to build a liquefied natural gas (LNG) facility, according to one of its officials. During a Senate hearing on Tuesday, Energy...
Dennis Uy-led Phoenix Petroleum has gone on a “capital light” expansion while implementing a comprehensive financial management program, as it aims to recover from the effects of the COVID-19 pandemic on its business....
More oil traders may see the Philippines as attractive if Petron’s Bataan refinery, the country’s once-largest and the last one standing, closes indeed, according to an oil executive. Raymond Zorrilla, Senior Vice...
Dennis Uy-led Phoenix Petroleum has posted a net loss of Php95 million from January to September 2020, it said in a disclosure to the Philippine Stock Exchange. The said figure is a...
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the...
