September 30, 2021

Malampaya operator required to drill one well next year

By Myrna M. Velasco – September 29, 2021, 4:07 PM from Manila Bulletin The operator of the Malampaya gas field will need to drill one well next year, but that will not be a precondition for license extension of the […]
September 29, 2021

ERC orders 2 electric coops to stop collecting ‘reinvestment fund’ charges

By Myrna M. Velasco – September 28, 2021, 5:22 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has ordered two electric cooperatives (ECs) to stop passing on to their customers the charges on “reinvestment fund for sustainable capital expenditures” […]
September 29, 2021

Dennis Uy firm has ‘negative working capital’ for Malampaya field

By Myrna M. Velasco – September 28, 2021, 4:15 PM from Manila Bulletin UC Malampaya Philippines Ptd. Ltd. (UC MPPL), a company of Davao businessman Dennis Uy that bought the 45-percent shareholdings of American energy giant Chevron Corporation in the gas field […]
September 28, 2021

Aboitiz Power sells 25% to Japan’s JERA for $1.46 B

By James A. Loyola – September 27, 2021, 3:55 PM from Manila Bulletin Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in […]