SMC Global Power Holdings, Inc., the power generation arm of San Miguel Corporation, is expanding its Masinloc coal-fired power plant in Zambales by 630 megawatts (MW) worth around Php73 billion. Based on...
The National Grid Corporation of the Philippines (NGCP) recently energized the Toril-Bunawan 230kV transmission line, the final component of its Mindanao 230 kiloVolt (kV) backbone project, in a bid to secure the...
Petron Corporation clarified on Monday that its 180,000-barrel per day refinery in Limay, Bataan will undergo repairs and checks following its shutdown this January. In a disclosure to the Philippine Stock Exchange,...
Some 50 workers at Petron’s oil refinery in Limay, Bataan have urged the municipal government help avert the closure of the facility by reclassifying it as part of the Freeport Area of Bataan...
The new year may begin with the end of an era in the Philippines’ oil sector, as Petron has confirmed that it will be shutting down in January 2021 its refinery in...
San Miguel Corporation (SMC) has recently announced the acquisition of Petrogen Insurance Corporation, Petron’s wholly-owned insurance subsidiary, via a Php3 billion equity investment. “With the investment, the corporation will have direct equity...
The consortium running the Malampaya gas-to-power project had already paid the government Php311 billion in revenues it earned since beginning commercial operations in 2001, according to Senate energy committee chairman Sherwin Gatchalian....
After abandoning intentions to build new coal plants, San Miguel Corporation (SMC) now says it is re-evaluating its interest in the Malampaya gas project. SMC President Ramon Ang said he is still...
Surigao Del Sur Rep. Johnny Pimentel recently revealed that prospective buyers of the 45% stake of Shell Exploration B.V. (SPEx) in the Malampaya gas-to-power project are mainly interested in its 504-kilometer subsea...
Petron Corporation’s sales volume and revenue may have improved in the third quarter due to the easing of quarantine restrictions, but this was not enough to outweigh the overall effect of the...
