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Petron eyes new $10-b refinery

Petron Corp. plans to team up with foreign oil players to put up a new 250,000-barrel-per-day refinery in Bicol region at a cost of $10 billion......»»

Category: financeSource: thestandard thestandardJan 12th, 2017

Rondina, Pons rule the sands anew

Petron XCS dug deep into its well of experience as it clobbered Sta. Lucia Realty A, 21-8, 21-11, to clinch the the Philippine Superliga (PSL) Beach Volleyball Challenge Cup title Sunday at the Sands By the Bay in Mall of Asia. Sisi Rondina and Bernadeth Pons displayed their deadly form early on to frustrate Jackie Estoquia and DM Demontano en route to defending their crown. Earlier, Generika-Ayala A crushed F2 Logistics 21-7, 21-14, to clinch the bronze medal of this battle. Also emerging victorious was Lemuel Arbastro and Kris Roy Guzman of Foton, who shocked erstwhile-undefeated Bryan Bagunas and James Natividad of SM By the Bay, 21-15, 21-15, to bag the gold medal in the men’s division. It was a sweet revenge for the nephew and uncle duo from University of Santo Tomas, which lost to Bagunas and Natividad of National University in the UAAP Season 80 men’s beach volleyball tournament. "It’s a big deal for me and KR after they defeated us in the UAAP,” said Arbasto. “When we heard that they will be competing, we were motivated to meet them again in the finals and, this time, to win against them.”  "In our first meeting (during the preliminary round), they defeated us in straight sets, that’s why my uncle, KR, told me that we should adjust and target their weakness, which was long balls and smart hits at the back,” added Arbasto. Philip Bagalay and Gregory Utupo of Smart, meanwhile, grabbed the bronze medal in men’s play following a 21-16, 22-20 win over Jessie Lopez and Mike Abria of Cignal. But all eyes were on the tandem of Rondina and Pons. After blowing hot and cold in their first couple of matches, the prized pair showed up with fire in its eyes as it shattered the match wide open after turning a slim 6-5 advantage into a 20-8 lead in the first set. The Lady Realtors tried to pump life into their golden hopes as they opened the second set trailing by a slim margin, 10-13, but they committed three consecutive errors while Rondina and Pons stepped on the gas to capture the championship point, 20-11. “We had a hard time because all the opponents were very competitive,” said Pons, adding that they were at their best from start to finish despite very limited time to train due to their respective UAAP commitments. “We just simply wanted to win. We wanted to beat all of our opponents and this is the result.” A down the line attack by Rondina formally gave the Blaze Spikers their back-to-back beach volleyball title. “We’re glad to survive another tough tourney,” said Rondina. “I want to say thank you to (Pons). At least our connection is still there.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 27th, 2018

All eyes on Petron duo in PSL Challenge

REIGNING champion Sisi Rondina and Bernadeth Pons of Petron XCS will be up against a tough competition when the Philippine Superliga (PSL) Beach Volleyball Challenge Cup unwraps today at Sands By the Bay in Mall of Asia. Rondina and Pons are billed as two of the best beach volley players….....»»

Category: newsSource:  journalRelated NewsMay 22nd, 2018

Petron prepares for expansion of Bataan refinery

Petron Corp. is in talks with contractors for its planned refinery expansion and petrochemical plant project in Bataan as its existing refinery now operates at near full capacity. 'We are talk.....»»

Category: newsSource:  philippinetimesRelated NewsMay 16th, 2018

Petron allots P15B for network expansion, refinery upgrade

PETRON CORP. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said on Tuesday. Of the amount, P10 billion is for Philippine operations, while the rest is for operations in Malaysia, said Emmanuel E. Eraña, Petron senior vice-president and chief finance officer. “[For […] The post Petron allots P15B for network expansion, refinery upgrade appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018

Petron allots P15 billion for 2018 capex

Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said on Tuesday, May 15. Of the amount, P10 billion is for the Philippines while P5 billion for Malaysia, said Emmanuel E. Erana, Petron senior vice-president and chief finance officer. “[For the […] The post Petron allots P15 billion for 2018 capex appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Petron income hits P5.8B

Petron Corp. yesterday said its consolidated net income went up by 4 percent to a quarterly record of P5.8 billion in the first three months of 2018. Also, its revenue jumped 29 percent to P129 billion from P106 billion a year ago. The oil giant attributes the strong performance to stable and improved operating efficiencies at its Bataan refinery. This facility was operating 99 percent of its refining capacity of 180,000 barrels daily. "Our financial and operating performance in the first quarter of 2018 is a strong indication that we are on track for another unprecedented year," Petron president and CEO Ramon S. Ang said in a statement. In the first quarter, Petron sold a...Keep on reading: Petron income hits P5.8B.....»»

Category: newsSource:  inquirerRelated NewsMay 8th, 2018

Petron nets P5.8 billion in 1st quarter

PETRON CORP. on Tuesday said it posted a consolidated net income of P5.8 billion in the first quarter, up 4% year on year and the highest quarterly income in its history. Consolidated revenues reached P129 billion, up 21% from the previous year’s P106 billion, as the “stable and improved operating efficiencies at its Bataan refinery […] The post Petron nets P5.8 billion in 1st quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

Petron gets income boost from Bataan refinery

MANILA, Philippines – Oil giant Petron Corporation marked its highest quarterly net income in history, reporting P5.8 billion for the 1st 3 months of 2018, up by 4% in the same period a year ago. Petron's strong performance was mainly on account of higher revenues of P129 ........»»

Category: newsSource:  rapplerRelated NewsMay 8th, 2018

Petron goes for kill; F2 eyes to stop Bell

Pride and glory are at stake in the Chooks to Go-Philippine Superliga Grand Prix best-of-three finals between Petron and F2 Logistics......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2018

SLR scores huge upset over erstwhile unbeaten Petron

Games Saturday: (Batangas Sports and Convention Center) 4:00 p.m. -- Foton vs Generika-Ayala 6:00 p.m. -- Cocolife vs Smart   Sta. Lucia Realty carved out the biggest upset so far in the 2018 Chooks to Go-Philippine Superliga (PSL) Grand Prix when the Lady Realtors put Petron’s eight-game winning streak to a screeching halt, 25-18, 25-21, 25-17, Thursday at the Filoil Flying V Centre in San Juan. The Lady Spikers pounced hard on the cold and sluggish Blaze Spikers from start to finish en route to a massive conquest. With the win, the Lady Realtors now fashion a 4-5 win-loss card, giving it a slight chance of stealing one of the four twice-to-beat incentives in the quarterfinal round. Sta. Lucia, however, has to beat winless Smart while hoping that Cocolife (5-3) would drop its next two matches in the classification phase. “Whatever happens, this win is a huge morale-booster for us,” said Pascua, who is very familiar with the Blaze Spikers after guiding them to a sweep of the All-Filipino Conference in 2015. Ukrainian reinforcement Dana Anisova delivered 13 kills and an ace to finish with 14 points while MJ Philips and Marisa Field chipped in 13 and 10 markers, respectively, for the Lady Realtors, who marched to the battlefield in with fire in their eyes knowing that the Blaze Spikers have yet to lose in their first eight games. Meanwhile, F2 Logistics recovered from a cold start to clobber Cignal, 23-25, 27-25, 25-16, in the second game. Imports Kennedy Bryan and Maria Jose Perez spearheaded the balanced attack to tow the Cargo Movers to a win away from sweeping the second round. It was the eighth win of the Cargo Movers in nine matches, forging a tie with Petron, which suffered its first loss after falling prey to Sta. Lucia Realty in the first match, 25-18, 25-21, 25-17.   With that, F2 Logistics has a golden chance to steal the top seed in the quarterfinals pending the outcome of its final match in the classification phase. Bryan delivered 13 kills, two blocks and an ace for 16 points while Perez chipped in 14 markers for the Cargo Movers, who banked on their solid blocking as well as the steady offensive performance of Ara Galang and Aby Marano. Serbian import Sonja Milanovic delivered 27 markers while American Jeane Horton had 23 points for the HD Spikers, who fell to sixth place after absorbing their sixth loss in nine matches. The Lady Realtors played their hearts out, especially in the third set where they entered the second technical timeout with a huge 16-7 lead. Anisova, Philips and Jonah Sabete continued the rout to put the Lady Realtors at match point, 24-14. Although Lindsay Stalzer tried to pump life into their flickering chances, Field connected a strong hit from the middle to essay the victory. American imports Lindsay Stalzer and Hillary Hurley tallied 19 and 15 markers, respectively, for the Blaze Spikers, who struggled all game long due to misreceptions and turnovers. They tallied 28 errors while the presence of Japanese libero Yuri Fukuda was hardly felt, giving the Lady Realtors a golden chance to become the first team to tarnish their sterling record in just 77 minutes of action......»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2018

Petron begins quest for redemption

Games Saturday: (Ynares Sports Center) 2:00 p.m. -- Generika-Ayala vs Foton 4:00 p.m. –- Sta. Lucia vs Petron   Powerhouse Petron takes the first step back to the crown when it clashes with a souped-up Sta. Lucia Realty squad to fire off the 2018 Chooks to Go-Philippine Superliga (PSL) Grand Prix Saturday at the Ynares Center. Battle starts at 4:00 p.m. with the Blaze Spikers looking to come up with a roaring start in a bid to finally reclaim the elusive title. Foton and Generika-Ayala will also gun for their first victory when they clash in the 2:00 p.m. first game. Although the much-anticipated import-flavored conference already gets underway with its first two matches, it will have the formal opening ceremonies at the Sta. Rosa City Sports Complex on Feb. 24 where all eight teams together with their imports, team captains and head coaches featured in the traditional parade of colors. After losing in the finals for three straight years, the Blaze Spikers will be marching in this year’s Grand Prix with fire in their eyes, hoping to finally conquer the title in what is billed as the most prestigious, most competitive women’s volleyball tourney in the country. American spikers Lindsay Stalzer and Hillary Hurley and  Japanese libero Yuri Fukuda will be back to power the Blaze Spikers, who will parade the same core of Mika Reyes, Aiza Maizo-Pontillas, Frances Molina and Rhea Dimaculangan. The only additions, however, are middle blocker Luth Malaluan, setter Angelica Legacion and libero Pia Gaiser, who will be making her PSL debut after a suffering knee injury in her final playing year for University of the Philippines in the UAAP. “We will do our best to step up this year,” said Delos Santos, whose wards were on the verge of winning the title before completely fading against a tough F2 Logistics side in the best-of-three finals showdown of the Grand Prix last year. “Our goal is to finally win the title this year. We haven’t won the Grand Prix crown since 2014 and I can say that we’re all hungry and ready to win.” But emerging victorious in the first game of the season will not be easy for Petron. The Blaze Spikers will be up against the Lady Realtors, who will be bannered by head coach George Pascua, the architect of Petron’s clean sweep of the All-Filipino Conference in 2015. Pascua, who steered Cignal to the Invitational Conference title before joining Sta. Lucia, will be parading a mix of seasoned campaigners and young guns together with proven imports Marisa Field and Kristen Moncks of Canada and Bohdana Anisova of Ukraine. Veterans Rubie de Leon and Michelle Laborte were tapped to serve as mentors to rising stars Rebecca Rivera, MJ Philips, Pamela Lastimosa and Jonah Sabete. “We are a young team searching for identity. So having these two veterans on the team will surely boost the morale of the young players inside and outside the playing court,” said Pascua, who is coming in as Sta. Lucia’s fourth mentor after Sammy Acaylar, Michael Carino and Jerry Yee.  .....»»

Category: sportsSource:  abscbnRelated NewsFeb 16th, 2018

SMC capex up to ’22 seen to hit P700B

Conglomerate San Miguel Corp. expects its medium-term capital spending to sum up to P700 billion through 2021 to 2022 with the expansion of traditional and new businesses. In an interview at the sidelines of SMC's recent investors briefing for its P30-billion fresh bond offering, SMC chief finance officer Ferdinand Constantino said that the capital outlays started in 2015-2016, which included the upgrading and modernization of Petron's refinery in Bataan. Since then, Constantino said more expansion plans were underway. Two breweries will be constructed---one in Mindanao and another will rise south of Luzon---each with new capacity of two million hectoliters. He said this would boos...Keep on reading: SMC capex up to ’22 seen to hit P700B.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

Petron looking for vengeance in PSL

MANILA, Philippines – Expect Petron to march with fire in their eyes when the Philippine Superliga Grand Prix opens on February 17......»»

Category: sportsSource:  philstarRelated NewsJan 30th, 2018

Petron expects expansion deal in Malaysia done in 2020

MANILA, Philippines – Listed Petron Corporation expects its refinery expansion in Malaysia to be finished in two years, adding 90,000 barrels a day to its capacity. Petron Malaysia Refining & Marketing Berhad operates Petron Port Dickson refinery, which has a capacity of approximately 88,000 barrels ........»»

Category: newsSource:  rapplerRelated NewsJan 1st, 2018

Petron to expand Malaysia refinery for $3.5 billion

Filipino leading oil firm Petron Corporation is lining up mammoth investment of $3.5 billion to expand the capacity of its Port Dickson refinery in Malaysian oil market by additional 90,000 barrels per stream day. #BeFullyInformed Petron to expand Malaysia refinery for $3.5 billion Filipino leading oil firm Petron Corporation is lining up mammoth investment of… link: Petron to expand Malaysia refinery for $3.5 billion.....»»

Category: newsSource:  manilainformerRelated NewsDec 31st, 2017

Petron allots $3.5 B for Malaysia refinery expansion

MANILA, Philippines — Petron Corp. is investing $3.5 billion to more than double the capacity of its refinery in Malaysia by 2020, its top official said......»»

Category: financeSource:  philstarRelated NewsDec 31st, 2017

Petron spending $5 B to double Bataan refinery output in 3 years

MANILA, Philippines — Petron Corp. is investing $5 billion to double the capacity of its Bataan refinery in three years, its top official said......»»

Category: financeSource:  philstarRelated NewsDec 21st, 2017

Petron to start refinery expansion by next year

By Victor V. Saulon, Sub-Editor PETRON Corp. is expanding the capacity of its petroleum refinery in Limay, Bataan, which would bring its output to 270,000 barrels daily by 2019, its president said. Ramon S. Ang, who is also Petron chief executive officer, said the San Miguel Corp. subsidiary has already acquired land near its existing […] The post Petron to start refinery expansion by next year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 20th, 2017

Foton vs Petron, F2-Cocolife in KO duels

MANILA, Philippines — Foton keeps its eyes on the golden treble as it shoots for a return trip to the finals when it clashes with archrival Petron in the Cho.....»»

Category: sportsSource:  philstarRelated NewsDec 8th, 2017

Petron eyes 4th in row versus F2 in Bacolod

Games tomorrow (University of St. La Salle, Bacolod) 2 p.m. – Generika-Ayala vs Foton.....»»

Category: sportsSource:  philstarRelated NewsNov 3rd, 2017