October 22, 2020

FGEN asks 3 firms to submit bids for FSRU

By Lenie Lectura – October 21, 2020 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas FGEN LNG Corp. (FGEN LNG), a wholly owned subsidiary of First Gen Corp. (First Gen), has formally issued a request […]
October 22, 2020

PSALM debt shrinks despite pandemic

By Lenie Lectura – October 21, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed its financial obligations to P393.3 billion in the January-to-June period from P422 billion at end-2019. PSALM President and Chief […]
October 21, 2020

PXP Energy told to resume oil search in Recto Bank

By Lenie Lectura – October 20, 2020 from Business Mirror PANGILINAN-LED PXP Energy Corp. received a notice from the Department of Energy (DOE) to resume exploration activi-ties in Recto Bank, following last week’s lifting of the force majeure imposed in […]
October 21, 2020

Northwest Palawan oil extraction by 2026–PNOC-EC

y Lenie Lectura – October 21, 2020 from Business Mirror Energy Secretary Briguez: “By fourth quarter next year, we can start drilling. If we will be lucky, by 2026 or early 2027, production will start for SC 57.” THE government […]