Energy
Semirara income falls as coal, power prices stabilize
Integrated energy firm Semirara Mining and Power Corp. (SMPC) reported a P4.1 billion net income in the second quarter of 2025, a 33 percent decline from P6.1 billion in the same period last year, as coal and electricity prices continued to stabilize from 2023 highs.
SC ruling on Malampaya tax spurs DOE optimism
The Department of Energy (DOE) expressed optimism for increased oil and gas investments following a recent Supreme Court (SC) ruling on the Malampaya natural gas project.
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.
