May 19, 2020

PNOC-EC acquires 10% in Uy’s acquisition of Malampaya stake

By Myrna M. Velasco – May 18, 2020, 10:00 PM from Manila Bulletin State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has firmed up its deal with businessman Dennis Uy’s UC Malampaya Philippines Pte. Ltd. to acquire 10 percent of the […]
May 19, 2020

Firms seen to defer PH exploration plans

By Jordeene B. Lagare – May 18, 2020 from The Manila Times SOME exploration companies are expected to shelve their plans to explore petroleum resources in the Philippines for about a year as the world continues to grapple with the […]
May 19, 2020

Quarantine grace periods weaken power firms’ finances as demand picks up

May 17, 2020 | 9:39 pm from Business World PIXABAY / JOHANNES PLENIO   THE quarantine grace periods on electricity bills have weakened the power industry’s finances even with power demand surging in the residential segment and as usage normalizes […]
May 18, 2020

DOE insists on FGen’s original LNG project completion

By Myrna M. Velasco – May 17, 2020, 10:00 PM from Manila Bulletin The First Gen Corporation (FGen) has been urged to fast-track its floating storage regasification unit (FSRU) and complete it within the term of the Duterte administration. Energy […]