Tag: PXP Energy

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PXP boosts stake in Forum Energy assets

Energy & Mining Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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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Francisco Motors seeks EV incentives for global drive

Transport & Logistics 0
Francisco Motors Corp. (FMC), long associated with the iconic jeepney, is positioning itself for a return to relevance through electrification, advancing a USD355-million phased development of the FMC Elektron compact SUV as part of a broader global strategy.

UP Innovation Summit opens, targets partnerships growth

Corporate Bulletins 0
The University of the Philippines will launch its inaugural Inoblasyon Innovation Summit on May 5 at the SMX Convention Center Aura, convening leaders from industry, government, and academia in a bid to accelerate collaboration across the country’s innovation ecosystem.

Philippine manufacturing contracts as costs, demand bite

Economy 0
The Philippines’ manufacturing sector slipped into contraction in April, its first downturn since November, as weakening demand and rising costs weighed on output, according to S&P Global Market Intelligence.

ACEN funds battery project with internal loan

Energy & Mining 0
ACEN Corp., the renewable energy arm of the Ayala Group, has extended a short-term loan of up to P850 million to its wholly owned subsidiary, Palauig Solar 1 Inc., to support the rollout of a battery energy storage project in Zambales.

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