Energy & Mining
Malampaya expansion buys field 6 more years of life
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.
More businesses join open energy market as threshold drops; AdventEnergy onboards new clients
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.
New Malampaya gas supply to temper import exposure
New Malampaya wells with estimated reserves of 222 billion cubic feet have begun supplying natural gas to Luzon power plants, strengthening domestic energy security and potentially reducing the country’s exposure to volatile imported fuel prices.
OceanaGold Q3 profit rises 5% to $28.3M
OceanaGold (Philippines) Inc. grew its third-quarter net income by 5 percent to USD28.3 million as higher gold prices, improved by-product credits, and lower sustaining capital expenditures boosted margins and generated USD51.4 million in free cash flow at its Didipio gold-copper mine.
ERC issues show cause orders against power firms over excessive unplanned outages
The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.
