Energy
PXP boosts stake in Forum Energy assets
PXP Energy Corp., the listed oil and gas exploration firm of the MVP Group, said Friday it has raised its stake in FEC Resources Inc. to 81.25 percent from 78.39 percent by converting USD1.16 million in loans into 131.6 million new shares.
Mobile energy systems boost AFP’s emergency operations
The Department of Energy (DOE), in partnership with USAID-Energy Secure Philippines and the Hawaii Natural Energy Institute, officially handed over three mobile energy systems (MES) to the Armed Forces of the Philippines (AFP) to enhance energy access during critical operations and emergencies.
PXP Energy widens 1H loss on weaker oil
PXP Energy Corpo. reported a core net loss of P21.1 million in the first half of 2025, more than double the P9.5 million loss from the same period last year, due to weaker crude prices, lower Galoc volumes, and rising production costs.
Garin flags power crisis on Siquijor Island
The Department of Energy (DOE) announced it will intensify efforts to address violations in the power industry, with a special focus on Siquijor Island following persistent power supply issues.
NGCP clears 17 projects for grid study in June
The National Grid Corporation of the Philippines (NGCP) approved 17 new energy projects, totaling nearly 4,000 megawatts (MW) of generation capacity, for system impact studies (SIS) in June, according to the Department of Energy (DOE).
