Energy & Mining
Primelectric to replicate Negros success in SOCOTECO bid
Primelectric, majority shareholder of Ignite Power, wants to replicate its track record with Central Negros Electric Cooperative (CENECO) for its proposed partnership with South Cotabato II Electric Cooperative (SOCOTECO II).
Refining disruption squeezes Petron Q1 profit amid oil shock
Petron Corp., the Philippines’ largest oil company and sole remaining refiner, posted a sharp earnings decline in the first quarter of 2026 as refinery disruptions and global crude volatility weighed on margins despite stronger revenues.
ACEN deepens wind project funding support
ACEN Corp. has extended further financial backing for its flagship wind development in Quezon, underscoring continued capital support for one of its largest renewable energy projects in the Philippines.
SMPC plans “sustainable mine strategy” as Semirara coal contract nears expiry
Semirara Mining and Power Corp. (SMPC) says it is preparing a sustainable mining plan as it seeks to continue operating the Semirara coal resource in Antique, even as the government moves ahead with a bidding process for the site.
Gasoline, diesel prices up; kerosene down
Motorists will see mixed fuel price changes this week, with gasoline and diesel prices going up slightly, while kerosene continues to get cheaper.
