9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
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 approved by the company’s shareholders during its
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 to the Philippine Stock Exchange, Enexor said
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) to replace the resources of the depleting
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 (PD) 87 or the Oil Exploration and
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 presidency in next year’s elections. Speaking at
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 providing the country its own supply 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 Peru, though for less than a tenth
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” outlook for the Philippines’ upstream energy sector.
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 period last year. The Manny V. Pangilinan-led
The country’s energy sector is gearing up for a “triple whammy” next year, especially in the peak demand months of summer due to high chances of continued forced outages, the derating of
