February 20, 2020

Ayala Group secures bigger stake in West Palawan offshore contract

By Danessa Rivera – February 19, 2020 – 12:00am from The Philippine Star MANILA, Philippines — ACE Enexor Inc. (formerly Phima Petroleum and Geothermal Inc.) has secured a bigger stake in service contract (SC)  55 offshore west Palawan after one […]
September 5, 2019

Phinma energy firm says DOE has cleared its exit from SC 69

By Lenie Lectura -September 5, 2019 from Business Mirror PHINMA Petroleum and Geothermal Inc. (PPG) said on Wednesday the Department of Energy (DOE) has approved the company’s decision to abandon Service Contract (SC) 69 located in Central Visayas. “The company […]
August 21, 2019

ACE Enexor eyeing strategic partner for exploration plans

By Lenie Lectura – August 21, 2019 from Business Mirror ACE Enexor Inc., formerly Phinma Petroleum and Geothermal Inc. (PPG), wants to bring in a strategic partner to aid the company in its future exploration plans. “We may be bringing in […]
February 7, 2019

AC Energy to get over 50% stake in Phinma Energy

By Lenie Lectura – February 7, 2019 from Business Mirror AC Energy Inc. and Phinma Energy Corp. are set to sign a definitive agreement that will give the power arm of conglomerate Ayala Corp. a 51.48-percent stake in PHEN valued […]