Tag: Adam J. Ang

AN ISRAELI FIRM sought to cover a wider gas and oil exploration area in the country, according to the Department of Energy (DoE).

PETRON CORP. on Tuesday declared its support to a measure regulating the liquefied petroleum gas (LPG) sector.

PEAK electricity demand “drastically” declined in the first week of August after Metro Manila and adjacent provinces returned to a stricter form of lockdown, known as modified enhanced community quarantine (MECQ), due to mounting coronavirus infections.

ELECTRICITY RATES in Metro Manila slipped this month, with typical households likely to see a P41 cut in their total bills, according to Manila Electric Co. (Meralco).

DMCI HOLDINGS, INC. reported a 69% decline in total net income to P2 billion in the first semester as it was “severely” affected by low market prices.

MANILA ELECTRIC CO. (Meralco) requested to defer the conduct of a competitive selection process (CSP) to procure 1,800 megawatts (MW) of power supply. Last week,...

VIVANT CORP. saw a 35% drop in after-tax net income to P814.4 million as the company’s subsidiaries recorded reduced power in the first semester.

SEMIRARA Mining and Power Corp. reported a 61% drop in after-tax income to P2.2 billion in the first semester as quarantine policies enforced since March pulled down coal demand and electricity sales.

THE Department of Energy (DoE) hopes to hold the Philippines’ first renewable energy auction next year once the volume which all power utilities intend to procure is determined.

THE Department of Energy (DoE) said electricity consumers need to be “mindful” of their power consumption during tough economic times, and reminded them of the need to save money.

Angkas will deploy 1,000 motorcycle riders to 10 hospitals in Metro Manila as it teamed up with the government to provide medical workers with...

THE DEPARTMENT of Energy (DoE) hopes the government can soon adopt a position on including nuclear power in the generation mix. Executive Order No....

By Adam J. Ang The Philippines' telecommunications giants are likely to raise their investments next year as they face regulatory pressure and looming competition, according...

MANUEL V PANGILINAN-LED PXP Energy Corp. has increased its stock ownership in its gas and oil exploration unit based in Canada that is exploring...

THE Department of Energy (DoE) said it is preparing guidelines for granting fiscal incentives for energy efficiency and conservation (EEC) projects, setting 15% in...

THE National Electrification Administration (NEA) said off-grid power providers must use locally-available resources when possible to ensure affordable and reliable electricity. The agency, which is...

Gov’t launches centralized COVID-19 referral station for Metro Manila A CENTRALIZED referral station for coronavirus disease 2019 (COVID-19) patients was launched Thursday to improve the...

THE Philodrill Corp. recorded P44.3 million in after-tax loss in the first semester as its revenues from petroleum plunged on the collapse of crude prices and drying production. 

Power utilities warned against billing woes during strict lockdown POWER DISTRIBUTION utilities were warned against issuing bills that may spur another shock from customers in...

Medical community offers to help DoH with contact tracing, telemedicine THE MEDICAL community has offered to help the Department of Health (DoH) in improving the...

PETRON CORP. posted P14.2 billion in total net loss in the first six months of 2020 as the coronavirus pandemic brought down the demand for fuel products, leading to poor refining margins and collapse in prices.

A STUDY of the country’s sedimentary basins is needed to spur exploration as current resources like Malampaya become depleted, according to the Philippine National Oil Company-Exploration Corp. (PNOC-EC).

THE National Grid Corp. of the Philippines (NGCP) said more power plants are needed on the Zamboanga Peninsula while calling for the resolution of transmission line access issues in the area which are causing unstable supply there.

A COURT approved the deal signed between a hydropower unit of Aboitiz Power Corp. and an Ilocos Sur town seeking a compromise over a property tax issue.

THE IMPLEMENTATION of flexible working arrangements compelled companies to rationalize their office space requirements by looking at areas outside business districts, according to Colliers International Philippines.

PHOENIX Petroleum Philippines, Inc. is set to offer up to P3.5 billion of commercial papers under a new debt financing program.

MANUEL V PANGILINAN-LED PXP Energy Corp. suffered a P44.4-million attributable net loss in the first semester as it also recorded losses in oil earnings and impairment of the Galoc oil field in Palawan.

THERE have not been many customers who asked for refund of their quarantine arrears, according to Manila Electric Co. (Meralco).

THE Department of Energy (DoE) is studying the use of small nuclear generators to power off-grid areas, Energy Secretary Alfonso G. Cusi said in a statement.

MERALCO Powergen Corp. (MGen) is still expecting to launch its solar farm in Bulacan within the year despite a delay in construction due to the quarantine restrictions.

A UNIT of Aboitiz Power Corp. has brought online its first digital substation in Davao City.

THE renewables industry said its potential for providing energy is “untapped” while its safety record is superior to that of nuclear energy, which the government is considering adding to the power generation mix.

LOPEZ-LED First Gen Corp. is expecting to start building its liquefied natural gas (LNG) terminal project in Batangas in the second half of the year.

AN AFFILIATE company of Ayala Corp.’s energy arm now owns a material interest in an Australian power firm, which it initially aims to fully take over.

THE Department of Energy (DoE) said it is working to complete the “long-overdue” update to the national renewable energy plan (NREP).

AYALA-LED AC Energy Philippines, Inc. (ACEPH) will be investing P2.2 billion to its two renewable energy units in part of its earlier commitment to boost investment in new energy technologies.

ABOITIZ Equity Ventures, Inc.’s (AEV) net income in the first semester plunged by more than half as the global coronavirus pandemic continues to batter its businesses.

THE former operator of the Rizal diesel-fired power plant owned by the state-led Power Sector Assets and Liabilities Management Corp. (PSALM) is the lone bidder for the generator’s service contract.

THE National Electrification Administration (NEA) has reduced its target for rural villages it plans to deliver power to this year to 635 sitios after the loss of funding that was diverted to the pandemic containment effort.

SUPPORTERS of clean energy said the fifth State of the Nation Address (SONA) was delivered by President Rodrigo R. Duterte Monday failed to renew a previous commitment to pursue more green energy alternatives.

PRYCE CORP. saw its after-tax income dropped in the first semester, pulled down by inventory losses from the slump in the prices of crude and liquefied petroleum gas (LPG) in the second quarter caused by the global coronavirus pandemic.

ALSONS Consolidated Resources, Inc. (ACR) is considering the sale of its property business as part of its transition into a pure energy company.

SUPPORTERS of green energy are urging the government to highlight renewables in its economic recovery plan, saying that such a measure will make the economy more resilient while generating jobs.

By Adam J. Ang The benchmark Philippine Stock Exchange index (PSEi) is not expected to retest previous lows given the "better" financial conditions under an...

Del Monte Pacific Ltd. (DMPL) shed $81.4 million in its fiscal year 2020 due to the closures and sale of its production plants in...