March 7, 2019

Ayala Energy plans divestment of oil and gas part of PHINMA acquisition

By Myrna M. Velasco – March 6, 2019, 10:00 PM from Manila Bulletin The energy investment arm of the Ayala group plans to eventually unload the upstream petroleum part of its acquisition from the Del Rosario-led PHINMA Energy Corporation. “The […]
March 6, 2019

GE scouting for pumped storage hydro investment

By Myrna M. Velasco – March 5, 2019, 10:00 PM from Manila Bulletin Multinational industrial giant GE is exploring investment opportunities for pumped storage power stations (PSP) where it can align itself as equipment supplier in such facilities’ construction and […]
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 […]