Tag: PXP Energy

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PXP secures 3 new petroleum exploration deals 

PXP Energy Corp. has secured participation in three of the eight newly signed Petroleum Service Contracts (SCs) under the Marcos administration, bolstering its position in the country’s upstream oil and gas exploration sector.

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.

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.

PXP Energy widens loss on weaker Galoc output, lower oil price

PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.

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Eala makes TIME100 Next list after tennis rise

Alex Eala has added another shiny line to an already crowded résumé, earning a spot on TIME100 Next 2026 as the only tennis player among the magazine’s list of rising figures shaping the future.

ERC, NGCP settlement ends years of fee dispute; freed funds to benefit public

The Energy Regulatory Commission (ERC) and the National Grid Corporation of the Philippines (NGCP) have signed a compromise agreement that resolves years of legal battles over regulatory fees, clearing the way for additional public funding. Signed Thursday at the ERC headquarters in Pasig, the pact settles long-running disputes over permit fees and annual supervision and regulation charges, with both sides agreeing to set aside their differing positions on the matter.

DA: 250K MT frozen fish imports with new incentives

The Department of Agriculture has issued supplemental guidelines for importing up to 250,000 metric tons of frozen fish and aquatic products to keep supplies steady during the lean fishing season.

Eala out of Asian Games tennis finals; keeps bronze

Alex Eala’s Asian Games gold-medal dream began Thursday like a script written for a Filipino tennis fairy tale. It ended instead with a familiar piece of hardware.

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