Amid its ongoing exploration program, Manuel V. Pangilinan-led PXP Energy Corp. widened its net loss in the first half of the year, weighed down by lower crude prices, reduced production volumes, and elevated financing costs. In a disclosure to the Philippine Stock Exchange on Tuesday, Aug. 4, PXP...
BACOLOD CITY – The Land Transportation Office-Negros Island Region (LTO-NIR) has warned the driver of a brown pickup truck allegedly involved in a recent "gas and go" incident in a gasoline station in Barangay Alijis here to surface within 24 hours. "Consider this your final warning," the LTO-NIR...
PXP Energy Corp., the upstream oil and gas explorer led by billionaire Manuel V. Pangilinan, is seeking foreign partners to help fund and execute energy exploration projects in the Philippines, including a search for naturally occurring hydrogen. In an ambush interview last week, Pangilinan said...
A delivery driver was arrested Thursday afternoon, July 30, after allegedly driving off without paying ₱450 worth of diesel at a gasoline station in Barangay Fairview, Quezon City. The incident happened at around 2:05 p.m. at a Petron gasoline station at the corner of Commonwealth Avenue and...
BANTARGEBANG, Indonesia (AP) — Long before dawn breaks over Indonesia ’s largest landfill, Nur Wencih joins thousands of waste pickers climbing mountains of garbage, searching for anything they can sell. The 35-year-old widow has worked at the site on Jakarta’s eastern edge for two decades,...
Manila Electric Co. (Meralco) customers are set to save nearly ₱5 billion through the end of the year after the country’s largest power distributor secured lower rates under an extended supply contract with the First Gas Sta. Rita plant. Jose Ronald Valles, Meralco head of regulatory affairs,...
Isla Group inaugurated its newest liquefied petroleum gas (LPG) terminal in Iloilo province, expanding its energy infrastructure and storage capacity in the Visayas-Panay region to support growing demand. In a statement on Monday, July 27, Isla Group said the new facility in Barangay Bigke,...
The mist seen in a now-viral video during a demonstration in front of the Department of Environment and Natural Resources (DENR) Central Office in Quezon City came from the agency’s regular weekly disinfectant defogging activity and not from “pesticide gas” directed at protesters, the DENR...
Prime Energy Resources Development NV completed a month-long maintenance shutdown at the Malampaya deep-water gas-to-power project, restoring domestic gas flows and clear-cutting the path for a major field expansion by late next year. In a statement on Friday, July 17, Prime Energy said that gas...
NEW YORK (AP) — No large data centers can be built in New York for up to a year as the state creates rules to protect the environment and its energy grid from the power-hungry facilities fueling artificial intelligence. Gov. Kathy Hochul signed an executive order Tuesday imposing the country...
Philippine firms face mounting pressure to adapt to worsening climate risks as recurrent flooding erodes productivity, threatens jobs, and drives businesses to relocate, prompting the World Bank to call for faster investments in resilient infrastructure, energy efficiency, as well as renewable...
Mitsubishi Power, a subsidiary of Tokyo-listed Mitsubishi Heavy Industries Ltd., has secured a long-term contract to maintain the 1,200-megawatt Ilijan combined-cycle power plant in Batangas. In a statement on Monday, June 22, Mitsubishi Power said the industrial tech giant signed a long-term parts...
