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PXP Energy Corp looks for investments

MANILA, Philippines – Fresh from its change in corporate name, PXP Energy Corp., the upstream oil and gas unit of listed Philex Mining Corp., is now scouting.....»»

Category: financeSource:  philstarRelated NewsSep 26th, 2016

Kaliwa Dam bidding looks rigged for China Energy – COA

MANILA, Philippines – The bidding for the P12.2-billion Kaliwa Dam  looks rigged in favor of China Energy Engineering Corporation Limited, said the Commission on Audit (COA). "Only the China Energy Engineering Corporation Limited qualified which is questionable considering that the two [other] bidders were disqualified in the ........»»

Category: newsSource:  rapplerRelated News12 hr. 13 min. ago

Australia branded a leading emissions exporter

SYDNEY, Australia – Australia is the world's third-largest emissions exporter, with more than a billion tonnes of carbon dioxide shipped abroad each year in the form of coal and liquefied natural gas, a think tank study showed Monday. The left-leaning Australian Institute reported that Australia's energy exports rank behind only ........»»

Category: newsSource:  rapplerRelated News12 hr. 13 min. ago

Saudi Aramco net income slips to $46.9 billion in H1 2019

RIYADH, Saudi Arabia (UPDATED) – Saudi energy giant Aramco said Monday, August 12, its 1st half net income for 2019 slipped nearly 12% to $46.9 billion, a first such disclosure that still reinforces its position as the world's most profitable company. The revenue drop amid lower ........»»

Category: newsSource:  rapplerRelated NewsAug 12th, 2019

Meralco seeking ERC nod for emergency capex

MANILA Electric Co. (Meralco), the country’s largest power distribution utility, is seeking approval from the energy regulator for an emergency capital expenditure (capex) of up to P15.19 billion to cover its 2020 projects, nearly a third of which are to fund “very urgent major projects.”.....»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2019

Semirara seeks lifting of coal trade suspension

Semirara Mining and Power Corp. (SMPC) has asked the Department of Energy (DOE) to lift the suspension order on its coal trading activities......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2019

SMPC seeks lifting of cease order on coal trading

SEMIRARA Mining and Power Corp. (SMPC) said on Wednesday that it is in talks with the Energy department for the lifting of the cease and desist order on its coal trading activities after issues arose when a buyer failed to produce the required accreditation......»»

Category: newsSource:  bworldonlineRelated NewsJul 11th, 2019

Philex needs $740 M to jumpstart Silangan

Philex Mining Corp. is set to invest $740 million more to jumpstart the Silangan copper and gold project as it shifts to the underground method amid uncertainty about government policies......»»

Category: financeSource:  philstarRelated NewsJun 30th, 2019

New South Cotabato governor nixes open-pit mining

KORONADAL CITY (MindaNews/28 June) – Incoming South Cotabato Gov. Reynaldo Tamayo Jr. said on Friday he is “not in favor of open-pit mining,” the “only” viable mining method for the controversial $5.9 billion Tampakan project, the largest known undeveloped copper and gold reserve in Southeast Asia. Sworn to office before an estimated 5,000 people at […].....»»

Category: newsSource:  mindanewsRelated NewsJun 30th, 2019

AC Energy completes acquisition of Phinma Energy

AC Energy Inc., the energy platform of Ayala Corp., has completed the acquisition of Phinma Energy Corp. from the Del Rosario family for P6.3 billion......»»

Category: financeSource:  philstarRelated NewsJun 25th, 2019

ERC allows PSALM to recover P5 B universal charge

The Energy Regulatory Commission has allowed the Power Sector Assets and Liabilities Management Corp. to collect the under recovery of universal charge for stranded contract cost (UC-SCC) amounting to P5.12 billion......»»

Category: financeSource:  philstarRelated NewsJun 13th, 2019

Mark Villar, Alfonso Cusi remain richest in Cabinet

Public Works Secretary Mark Villar and Energy Secretary Alfonso Cusi remained the richest Cabinet members last year, with both officials declaring net worths of more than P1 billion, their statements of assets, liabilities and net worth (SALN) showed......»»

Category: newsSource:  philstarRelated NewsJun 9th, 2019

Chinese firm, partners eye mini-refinery, natgas deposits in Alegria

CEBU CITY — The China International Mining Petroleum Co. Ltd. and its partners are looking into the possibility of putting up a mini-refinery to process the crude oil coming from its oil wells in Alegria town, Cebu. Jesus Tamang, Energy Resource Development Bureau of the Department of Energy director, said that the company had two […] The post Chinese firm, partners eye mini-refinery, natgas deposits in Alegria appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 31st, 2019

San Miguel power unit disputes gov’t claim of unpaid fees

SOUTH PREMIERE Power Corp. (SPPC) said it had paid the government P289.1 billion since 2010 in various fees as administrator of the Ilijan power plant in Batangas, as it disputed the P19.75 billion in supposed unpaid dues being claimed by the state energy privatization agency......»»

Category: financeSource:  bworldonlineRelated NewsMay 20th, 2019

Semirara Mining income falls 49% in 1st quarter

SEMIRARA Mining and Power Corp. (SMPC) reported a 49% drop in first-quarter net income to P2.33 billion from P4.57 billion as the selling prices of coal and power, the company’s sources of revenues, decreased during the period......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2019

Cusi expects investors to join PCECP auction

Energy Secretary Alfonso Cusi expects renewed confidence from investors to participate in the Philippine Conventional Energy Contracting Program (PCECP) — which has a deadline for submissions this month — following the resolution of the P53.14-billion tax arbitration case between the Philippine government and Shell Philippines Exploration B.V. (SPEX)......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

AboitizPower completes acquisition of AC Energy

Aboitiz Power Corp. has completed the acquisition of AC Energy Inc.’s thermal platform for $572.9 million or roughly P29 billion......»»

Category: financeSource:  philstarRelated NewsMay 3rd, 2019

Meralco core net income rises 14% in Q1

LISTED distribution utility Manila Electric Co. (Meralco) said its core net income rose 14% to P5.6 billion in the first quarter, despite a “modest” 2% growth in energy sales volume......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2019

Solar power plant opens in GenSan

GENERAL SANTOS CITY (MindaNews/26 April) — Renewable energy firm Harbor Star Energy Corp. (HSEC) unveiled on Thursday its P2.2-billion solar power plant project in a coastal village here. HSEC and city officials led the formal commissioning of the 25-megawatt (MW) solar power plant, which is the first in the city and considered as among the […].....»»

Category: newsSource:  mindanewsRelated NewsApr 28th, 2019

Phinma Energy infuses P750 M into RE unit

MANILA, Philippines – Phinma Energy Corp......»»

Category: financeSource:  philstarRelated NewsJan 6th, 2017