Energy & Mining

Listed mining firm OceanaGold (Philippines) Inc. (OGPI) reported a 95.1 percent rise in its net income for the first nine months of 2026, reaching $95.6 million from just $49 million in the same period last year.

Aboitiz Power Corp.’s retail electricity arm, AdventEnergy, has signed up new customers following the recent expansion of the Retail Competition and Open Access (RCOA) program, making competitive power options available to far more businesses across the country.

The Asian Photovoltaic Industry Association is pushing the government to replace diesel plants in remote off-grid areas with solar and battery systems, saying the move will lower electricity bills and ease a fast-growing subsidy burden on consumers and the national budget.

The nearly USD1-billion Malampaya expansion will extend by about six years the life of a gas field supplying roughly one-fifth of Luzon’s electricity requirements, giving the Philippines a crucial buffer against imported fuel dependence, volatile energy prices and potential supply disruptions.

AdventEnergy, the retail electricity supply arm of Aboitiz Power Corporation, has welcomed a fresh wave of mid-sized businesses into the Retail Competition and Open Access program, following the Energy Regulatory Commission’s move to lower the eligibility threshold to 100 kilowatts last June 26, 2026.