9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
First Gen Corporation has confirmed its interest in purchasing the Philippine National Oil Company’s (PNOC) “banked gas” from the Malampaya gas field worth Php33 billion to Php38 billion. In a disclosure to
Less than a week after Davao-based tycoon Dennis Uy secured control of the Malampaya gas-to-power project, Phoenix Petroleum — a firm under his Udenna Group — is said to be offering to
Lopez-led First Gen Corporation is allocating about $530 million (around Php25.4 billion) in capital expenditures (capex) for this year to mostly fund geothermal, gas, and hydro projects this year. First Gen CFO
The remaining 858,834 million standard cubic feet of estimated reserves in the Malampaya gas field in Palawan will completely run out by the first quarter of 2027, according to Sen. Sherwin Gatchalian,
The Department of Energy (DOE) has endorsed eight more projects to the National Grid Corporation of the Philippines (NGCP) for it to undertake system impact studies (SIS), bringing the total to 24
Lopez-led First Gen Corporation posted a 22.8% increase in first quarter profits to $118.8 million from $96.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange
The Asian Development Bank (ADB) said it will stop financing new coal power plants in the region under a proposed energy policy released last Friday (May 7). The ADB, which gives loans
The Manila Electric Company (MERALCO) is increasing its power rates for May by Php0.1853 per kilowatt-hour (kWh) to Php8.4067/kWh from Php8.592/kWh in April or around by around Php37 for residential customers consuming
Around $13.6 billion (about Php654 billion) worth of liquefied natural gas (LNG) projects could be stranded due to the growth of renewable energy (RE) in the Philippines, according to a new report
The Department of Energy (DOE) endorsed 16 new power projects to the National Grid Corporation of the Philippines (NGCP) for system impact study in the first quarter. The Mariveles natural gas plant
