Power News

March 4, 2019

PXP Energy eyes new areas for development

Danessa Rivera – March 4, 2019 – 12:00am from The Philippine Star MANILA, Philippines — Upstream oil and gas firm PXP Energy Corp. is looking at pre-determined oil and gas prospects as well as new areas with potential development under […]
March 4, 2019

Top PXP Energy position awaiting Meralco’s Reyes

By Alena Mae S. Flores – March 03, 2019 at 07:15 pm from manilastandard.net Manila Electric Co. president Oscar Reyes may be transferred to PXP Energy Corp. by May. Meralco earlier announced the appointment of Ray Espinosa as incoming president […]
March 4, 2019

Change in Meralco meter system to cause minimal power rate hike

By Lenie Lectura – March 4, 2019 from Business Mirror A PLAN to modernize the metering system of the Manila Electric Co. (Meralco) will result in an increase in power rates by only a few centavos and not P0.23 to […]
March 3, 2019

Aboitiz Power secures PCC approval on $579-M equity take in Ayala firm

By Myrna M. Velasco – March 2, 2019, 10:00 PM from Manila Bulletin Listed firm Aboitiz Power Corporation has secured the approval of the Philippine Competition Commission (PCC) on its equity acquisition in the thermal platform of AC Energy of […]
March 2, 2019

Tripartite deal signed on $2-billion LNG projects

By Myrna M. Velasco – March 1, 2019, 10:00 PM from Manila Bulletin A tripartite deal has been cemented between and among Phoenix Petroleum Philippines Inc., China National Offshore Oil Corporation (CNOOC) and Philippine National Oil Company (PNOC) for partnership […]
March 2, 2019

Plant shutdowns pull down Semirara earnings in 2018

By Danessa Rivera – March 02, 2019 – 12:00am from The Philippine Star MANILA, Philippines — Power plant shutdowns have pulled down earnings of Semirara Mining and Power Corp. (SMPC) last year. In a filing with the Philippine Stock Exchange […]
March 1, 2019

Meralco to provide electricity to remote Quezon island

By Lenie Lectura – March 1, 2019 from Business Mirror THE Manila Electric Co. (Meralco)  will soon provide electricity to a remote island in Quezon province after it secured board approval to deploy a microgrid system composed of a solar […]
March 1, 2019

Enrile fears looming energy crisis in Philippines

By: Consuelo Marquez – Reporter / @CMarquezINQ from INQUIRER.net/ 08:09 PM February 22, 2019 MANILA, Philippines — Former Senate President Juan Ponce Enrile has warned limitations in Philippines’ energy, saying “there is a need for national energy independence.” “I calculate […]
February 28, 2019

PXP awaits government move on moratorium over SC 72

By Lenie Lectura – February 28, 2019 from Business Mirror PXP Energy Corp. continues to wait for the government’s next move after it asked the Department of Energy (DOE)  to lift the moratorium on exploration and drilling works in Recto […]
February 28, 2019

MVP downplays need for LNG import terminal

Malampaya gas can last 10 more years By Myrna M. Velasco – February 27, 2019, 10:00 PM from Manila Bulletin Latching on assumptions that Malampaya can still yield gas after the lapse of the contract of the original developers in […]