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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Toyota PH hits 1.2M vehicles as localization deepens

Toyota Motor Philippines Corp. (TMP) has produced more than 1.2 million vehicles locally in 38 years, building a manufacturing base that is allowing more specialized automotive work, supplier activity, and value creation to take place in the Philippines.

MBC warns Pax Silica could become missed opportunity

The Philippines could lose out on major investments tied to Pax Silica unless it moves faster to address political resistance, regulatory hurdles, infrastructure gaps, and workforce needs, the Makati Business Club (MBC) warned.

ACMobility seeks faster permits to accelerate EV rollout

ACMobility is pushing for streamlined local permits to speed up investment in electric vehicle charging infrastructure, saying fragmented requirements across local governments are slowing the deployment of stations needed to support the country’s growing EV market.

Aboitiz airports target routes as traffic outlook improves

Aboitiz InfraCapital is working with airlines to make new international routes commercially viable as it positions its airports for stronger year-end traffic, focusing on Asian markets that can deliver sustainable passenger flows.

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