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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BFAR steps up help for local salt farmers as imports dominate market

Agriculture 0
Government fisheries authorities are pushing for more support and safeguards for Filipino salt makers, as most of the salt used in the country comes from abroad.

Filinvest launches P1-B solar plant in Misamis Oriental, a first-of-its-kind project in PH

Energy & Mining 0
The Filinvest Group has launched its first large-scale solar power facility — a 20.774-megawatt installation in Tagoloan, Misamis Oriental — with over P1 billion in investment. Developed by subsidiary FDC Green Energy Corp., the ground-mounted plant sits inside the PHIVIDEC Industrial Estate, a key economic zone with ideal terrain and access to power infrastructure.

DA expands P20-per-Kg rice program in Kalinga, rolls out ₱285-M farm support

Agriculture 0
The Department of Agriculture (DA) has expanded its P20 per kilogram rice program in Kalinga province, while releasing about ₱285 million in additional agricultural aid for local farmers this year. DA Secretary Francisco Tiu Laurel Jr. led the launch activities in Tabuk City, which included facility inspections, farmer dialogues, and distribution of support covering rice, corn, livestock, high-value crops, and local development projects.

PNOC checks Batangas facilities ahead of state-procures LPG arrival

Energy & Mining 0
The Philippine National Oil Co. (PNOC) inspected LPG storage and port facilities in Calaca, Batangas over the weekend to confirm they are ready to receive, store, and safely handle 21,000 metric tons of government-procured LPG. This supply, sourced from the United States and transiting through Singapore, is due to arrive by the end of May.

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