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Danessa Rivera
Danessa Rivera
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Phoenix Petroleum sees better Q2 results
by Danessa Rivera - June 5, 2020 - 12:00am
Phoenix Petroleum Philippines Inc. sees better numbers in the second quarter.
Luzon grid on yellow alert
by Danessa Rivera - June 5, 2020 - 12:00am
The Luzon grid was placed on yellow alert yesterday due to power plant outages and natural gas supply restrictions.
AC Energy buys into Infigen
by Danessa Rivera - June 4, 2020 - 12:00am
AC Energy Inc. is eyeing to take over a listed Australian clean energy developer for about P27 billion to deepen its foothold in Australia as well as meet its goal of hitting five gigawatts of renewable energy ...
Galoc oil field to suspend operation
by Danessa Rivera - June 2, 2020 - 12:00am
The consortium operating the Galoc oil field, the country’s largest oil-producing field, is suspending production in September.
Phoenix Petroleum incurs P215 million net loss in Q1
by Danessa Rivera - June 2, 2020 - 12:00am
Phoenix Petroleum Philippines Inc. incurred a net loss of P215 million in the first quarter on the back of volatile global oil prices and the impact of the coronavirus disease 2019 or COVID-19 pandemic.
Phoenix Petroleum halves 2020 capex
by Danessa Rivera - June 1, 2020 - 12:00am
Phoenix Petroleum Philippines Inc. is slashing its 2020 capital expenditure by half as part of rationalizing its spending amid the coronavirus disease 2019 or COVID-19 pandemic.
Plan to raise stake in Malampaya must be reevaluated
by Danessa Rivera - June 1, 2020 - 12:00am
The government’s plan to raise its stake in the Malampaya deep water-gas-to-power project would need to go through rigorous evaluation again, according to Energy Secretary Alfonso Cusi.
LPG prices move slightly
by Danessa Rivera - June 1, 2020 - 12:00am
Prices of cooking gas and auto liquefied petroleum gas will move slightly starting today.
NGCP secures additional ancillary services
by Danessa Rivera - May 31, 2020 - 12:00am
The National Grid Corporation of the Philippines has secured additional ancillary services to ensure stable power supply in the Luzon power grid over the next five years.
Lopez firms among top taxpayers in 2019
by Danessa Rivera - May 30, 2020 - 12:00am
Four Lopez-owned power companies have made it to the Department of Finance’s list of top 100 taxpayers last year.
Singapore firm plans to invest in First Gen
by Danessa Rivera - May 29, 2020 - 12:00am
Singaporean firm Valorous Asia Holdings Pte. Ltd. is eyeing to invest as much as P7.3 billion in First Gen Corp. as it diversifies into the Philippines.
Meralco eyes 3,000 MW capacity
by Danessa Rivera - May 28, 2020 - 12:00am
Manila Electric Co. is eyeing 3,000 megawatts in capacity as part of its growth strategy for power generating unit Meralco Powergen Corp.
ERC oks P410 million Meralco projects
by Danessa Rivera - May 28, 2020 - 12:00am
The Energy Regulatory Commission has cleared Manila Electric Co. to spend P410.45 million for six capital expenditure projects.
Petron incurs P4.9 billion loss in 1st quarter
by Danessa Rivera - May 27, 2020 - 12:00am
Petron Corp., the country’s largest oil refiner and marketer, suffered a net loss of P4.9 billion in the first quarter as the coronavirus disease 2019 or COVID-19 pandemic suppressed fuel demand and prices...
More power rolls out upgrades for Iloilo power distribution network
by Danessa Rivera - May 26, 2020 - 12:00am
More Electric and Power Corp. has started rolling out upgrades in Iloilo City’s power distribution network, bringing down system losses and addressing jumpers as part of its P1.8-billion capital expenditure...
Big price hikes for fuel this week
by Danessa Rivera - May 26, 2020 - 12:00am
Oil companies are implementing hefty price increases on fuel products this week.
Meralco: ‘Bill shock’ could have been avoided with smart meters
by Danessa Rivera - May 25, 2020 - 12:00am
Amid complaints of high electricity bills in May, Manila Electric Co. said the “bill shock” could have been avoided had the rollout of more smart meters, which is still waiting for the approval of the...
ERC to penalize erring power distributors
by Danessa Rivera - May 25, 2020 - 12:00am
The Energy Regulatory Commission will penalize any power industry player found violating its directives while there is a national emergency due to the coronavirus disease 2019 or COVID-19 pandemic.
Extended payment schemes shackle power generators
by Danessa Rivera - May 24, 2020 - 12:00am
The Philippine Independent Power Producers Association Inc. warned of closure or non-investment in the generating sector if payment schemes are further extended beyond the enhanced community quarantine.
Oil prices to go up this week
by Danessa Rivera - May 24, 2020 - 12:00am
Motorists should brace for a massive fuel price increase next week as global crude prices continued to soar.
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