Energy & Mining
MERALCO increases renewable energy share in portfolio
The Manila Electric Company (Meralco) has reaffirmed its commitment to source an increasing portion of its supply portfolio from renewable energy (RE) as part of its long-term sustainability strategy.
Oil heads for weekly fall on demand worries, dollar strength
Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant.
PNOC-EC seeks participation in Cadlao oil field off Palawan
State-run PNOC Exploration Corp. (PNOC-EC) is in advanced discussions to participate in drilling for oil and gas production in northwest Palawan under service contract (SC) 6B.
ThermaPrime completes drilling additional geothermal wells
ThermaPrime Drilling Corp. has completed drilling 12 geothermal production wells and three multilateral injection wells for the Philippine Geothermal Production Co. Inc. (PGPC).
The company...
PSALM eyes cutting inherited burden by yearend
The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year.
Dennis...
