April 6, 2020

PSALM pares down debt to P417.88B

By Lenie Lectura -April 6, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced its principal financial obligations to P417.88 billion last February, from P422.011 billion recorded at the end of 2019. PSALM President […]
April 3, 2020

SPEx: Malampaya remains operational

By Lenie Lectura -April 2, 2020 from Business Mirror Shell Philippines Exploration BV (SPEx), operator of the Malampaya deep-water gas-to-power project, on Thursday assured unhampered operation of the gas facility which supplies up to 40 percent of the Luzon grid’s […]
April 2, 2020

Opening of bids for exploration of Mindoro-Cuyo basin deferred

By Lenie Lectura -April 2, 2020 from Business Mirror The Department of Energy (DOE) has suspended the deadline for the submission and opening of bid applications to explore petroleum reserves in Mindoro-Cuyo basin. “In line with the enhanced community quarantine […]
April 2, 2020

Sarangani power project boosts Alsons net income

By Lenie Lectura -April 2, 2020 from Business Mirror ALCANTARA-led Alsons Consolidated Resources Inc. (ACR) ended 2019 with a net income of P938 million, up 67 percent from P563 million recorded in 2018, mainly due to sustained revenues. The publicly […]