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 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 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 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.
For Philippine manufacturers, the next factory may require more than retained earnings and a friendly bank. The Securities and Exchange Commission (SEC) is urging them to look beyond traditional financing and prepare to tap the capital markets as they scale up.
In high school, our mentors taught us noun declensions, Caesar’s campaigns in Gaul and four-part harmony. Somewhere between Latin and music, we also acquired the comforting belief that we were neither rich nor poor. With P50 in our pockets, we could go places and still come home with change. Life was a picnic. We did not realize the picnic had an expiry date.
The road to a MICHELIN award does not always pass through a famous culinary school. Sometimes, it begins with an overseas job, a stint aboard a ship, and years spent building a career far from home.