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.
Jollibee Group is banking on the Philippines’ growth beyond Metro Manila, identifying more than 1,500 potential trade areas for expansion between 2027 and 2030 as it looks to turn its nationwide footprint into another engine of growth.
Mingyang Group is weighing investments in Philippine ports, floating platforms and wind turbine manufacturing as it looks to turn the country from an equipment market into a potential offshore wind production base.
Sunlight Air is exploring direct flights between tourist destinations, including Boracay, as the domestic carrier looks to improve inter-island connectivity without relying solely on established aviation hubs.