PXP Energy, Dennis Uy holding firm terminate share purchase deal

PXP Energy Corp. said on Friday that the subscription agreement it signed with Davao City businessman Dennis A. Uy’s Dennison Holdings Corp. had been terminated by the two parties effective on March 29, 2019.

MVP says CNOOC snubs PXP Energy offer to resume talks

PXP ENERGY Corp. has again reached out to China National Offshore Oil Corp. (CNOOC) for the resumption of talks about jointly exploring petroleum in the contested seas but was met, so far, with silence, the local company’s chairman said.

Dennis Uy’s firm gives P40-million downpayment for PXP Energy shares

THE holding company of Davao City businessman Dennis A. Uy has paid the 1% downpayment for its subscription to common shares in PXP Energy Corp., the listed oil and gas exploration company told the stock exchange on Tuesday.

PXP Energy, Uy’s Dennison to close deal by March

PXP ENERGY Corp. said on Thursday that it had advanced the date for Dennison Holdings Corp. to subscribe to the listed firm’s shares at a total price of P4.029 billion, amending the terms they had agreed on about two months ago.

Pangilinan hopeful after PHL, China ink framework energy deal

THE chairman of PXP Energy Corp. has described the reported memorandum of understanding (MoU) between the Philippines and China for the joint exploration in the South China Sea, or the West Philippine Sea, as “a small but significant step” in advancing the development of carbon resources in the area.

PXP Energy given ‘preferential rights’ to up to 49% of Phoenix...

INDEPENDENT oil company Phoenix Petroleum Philippines, Inc. is granting preferential rights to PXP Energy Corp. to participate and acquire up to a 49% stake in the former’s project to build a liquefied natural gas (LNG) terminal and a gas-fired power plant with a Chinese partner, the oil and gas exploration company told the stock exchange on Friday.

Dennis Uy investing in PXP Energy

PXP ENERGY CORP. is raising P7.11 billion from the subscription of its shares by affiliate Philex Mining Corp., and a holding firm owned by businessman Dennis A. Uy.

PXP Energy net loss widens to P31.4 million

PXP ENERGY Corp. reported a net loss of P31.4 million in nine months to September this year, 37% bigger than year-ago’s P23 million consolidated losses attributable to equity holders of the parent firm as revenues lagged behind the cost and expenses during the period.

PXP Energy says force majeure lifted from Peru oil exploration block

PXP ENERGY Corp. said an exploration block in Peru in which a subsidiary has participating interest had been removed from its force majeure status after recent changes in the hydrocarbon law in the foreign country.

PXP Energy net loss widens to P32.8M

PXP ENERGY Corp. reported on Thursday a consolidated first-half net loss of P20.1 million attributable to equity holders of the parent firm, or bigger than the P11.3 million if incurred in the same period last year.

PXP Energy trims Q1 net loss

PXP Energy Corp. trimmed its losses to P3.7 million in the first quarter, the company said on Thursday, in part because of higher petroleum...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

Pangilinan eyes resumption of talks with CNOOC

By Victor V. Saulon, Sub-Editor PXP ENERGY Corp. sent feelers to China National Offshore Oil Corp. (CNOOC) for a possible resumption of talks about jointly...

PXP Energy net loss widens to P39 million in 2017

PXP Energy Corp. reported a consolidated net loss of P39.1 million in 2017, bigger than the P22.4 million a year earlier, the company told...