Energy & Mining
PXP Energy widens net loss to P97.4M as revenue declined, cost rise
PXP Energy Corp., the upstream oil and gas unit of Philex Mining Corp., said Thursday it booked a wider net loss of P97.4 million compared with P36.1 million as a result of impairment charges in Service Contract 74 Linapacan, offset by changes in decommission estimates in SC 14C-2 West Linapacan.
Everything in order for Aboitiz Power’s third coal-fired plant, except for the funding
Aboitiz Power Corp. should be able to award in the next two weeks the engineering, procurement and construction (EPC) contracts for a proposed coal-fired power plant in Cebu, its third such facility thus far.
ACEN Australia secures AUD150M green loan for renewable energy project
ACEN Australia, a subsidiary of Ayala Group’s renewable energy arm ACEN Corp., has secured a total of AUD150 million green term loan from the...
ACEN rate adjustment claims could force Meralco to seek adjustments of its own
The Manila Electric Co. (Meralco) said power rates in Metro Manila could go up should regulators allow ACEN Corp. to apply so-called change in circumstance (CIC) claims on its power supply agreements (PSAs) with the distribution utility.
Prime Energy awards contract for equipment needed at Malampaya gas field
Prime Energy Resources Development B.V. has contracted One Subsea of the Schlumberger group for the supply of control equipment and subsea production systems to execute the fourth phase of drilling at the Malampaya gas platform by the end of the year.
