Energy & Mining

PXP Energy Corp. says it will take years before three newly awarded petroleum service contracts (PSCs) can be fully developed, citing the complexity and long timelines of oil exploration.

ACCIONA Energía has secured a 20-year power supply contract for two renewable energy projects totaling 281 MW in the Philippines. The award was granted through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).

Fuel prices will see mixed changes this week, with gasoline dropping slightly while diesel and kerosene rise. The various retailers will implement the adjustments by Tuesday morning.

The Department of Energy (DOE) has turned over a new solar-assisted electric vehicle charging station to the Subic Bay Metropolitan Authority, marking another step in the government’s push for cleaner and more sustainable transport.

Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.