Phoenix Petroleum breaks ground for Batangas asphalt plant
PHOENIX Asphalt Philippines Inc. broke ground on its asphalt plant at Calaca Industrial Seaport Park in Batangas last week.
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PHOENIX Asphalt Philippines Inc. broke ground on its asphalt plant at Calaca Industrial Seaport Park in Batangas last week.
SEMIRARA Mining and Power Corp. (SMPC) sees a decline in energy output in the first quarter of the year, mainly on account of plant-outage incidents.
PRYCE Corp. posted P340.3 million in net income at end-March this year, up 12.8 percent from P301.7 million in the same period last year.
THE Manila Electric Co. (Meralco) is seeking regulatory approval for its 2019 capital expenditures (capex) in the amount of P21.46 billion.
PILIPINAS Shell Petroleum Corp.’s (PSPC) bitumen facility would be commercially ready at end of the current quarter, its top official said.
ABOITIZ Power Corp.’s net income from January to March this year dipped by 9 percent to P4 billion mainly due to foreign-exchange (forex) losses.
PILIPINAS Shell Petroleum Corp. (PSPC) is doubling its capital expenditure (capex) for its retail business to P2 billion starting this year.
THE construction of the country’s first coal-fired power plant to use supercritical technology has been stalled by a few months, an official of Meralco PowerGen Corp. (MGen) said.
ENERGY Secretary Alfonso G. Cusi said a possible shift in energy mix policy is still under consideration and that extensive studies must be conducted before any changes are introduced.
PETRON Corp. is eyeing to put up as many as 200 service stations this year to further cement its market share.
A GOVERNMENT proposal to subject to “Swiss challenge” the pending power-supply agreements (PSAs) between the Manila Electric Co. (Meralco) and power producers is unfair, a Meralco official said.
Fuel pump prices are on the rise again.
The Manila Electric Co. (Meralco) expects a “better” year after it announced on Monday it delivered “unusually strong sales” in the first three months of the year.
BUSINESSMAN Manuel V. Pangilinan on Monday said his company would comply with the wishes of President Duterte should his administration make good on its “60-40” offer to China on a joint exploration of the South China Sea.
Top officials of the Philippine National Oil Co.-Exploration Corp. (PNOC-EC) were cleared by the Office of Ombudsman of grave misconduct in connection with a joint business venture in international petroleum trade.
PHOENIX Petroleum Philippines has recently forged a supply contract with the Manila Electric Co. (Meralco).
THE Power Sector Assets and Liabilities Management (PSALM) Corp. is soliciting bids for the operation and management (O&M) of the Malaya Thermal Power Plant pending the facility’s privatization.
DEL Monte Philippines Inc. (DMPI) was able to reduce its electricity cost by 20 percent after it shifted to renewable energy (RE).
OIL companies are implementing a price increase of petroleum products effective Tuesday morning.
THE Aklan Electric Cooperative Inc. (Akelco) was urged on Monday to invoke the “force majeure” provisions of its power-supply agreements (PSAs) with power-generation companies to temporarily suspend the procurement of unneeded electricity during the Boracay closure period.
The Manila Electric Co. (Meralco) moves an inch closer to operate and manage the Electricity Company of Ghana Ltd. (ECG) following official announcement by Ghana’s Millennium Development Authority (MiDA) that the Philippines’s largest power distribution firm is the preferred bidder.
SABANG Renewable Energy Corp. (SREC) broke ground for its hybrid power plant in Palawan.
A request to tap Malampaya fund to purchase an exploration vessel has been submitted by the Department of Energy (DOE).
Energy Secretary Alfonso G. Cusi has announced the resignation of National Renewable Energy Board (NREB) Chairman Jose M. Layug Jr.
SHELL Philippines remains keen on a liquefied natural gas (LNG) investment in the country, even as the company has yet to formally inform the Department of Energy (DOE) about it.
ENERGY Secretary Alfonso G. Cusi on Wednesday said he prefers the power-generation arm of Manila Electric Co. (Meralco) to undergo a Swiss challenge scheme for the power-supply agreement (PSA) applications yet to be acted upon by regulators.
MAIBARARA Geothermal Inc. (MGI) has secured a Certificate of Compliance (COC) for its 12-megawatts Maibarara-2 power station in Santo Tomas, Batangas.
THE Philippine Competition Commission (PCC) has cleared the acquisition of Enfinity Philippines Renewable Resources Fourth Inc. shares by Alterpower Specialist Inc.
THE National Electrification Administration (NEA) and Nishizawa Ltd. of Japan entered into a contract for the procurement of distribution line materials and brand new boom trucks that will be used to rehabilitate the power distribution system of six electric cooperatives in Mindanao.
PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher revenues.
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