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Danessa Rivera
Danessa Rivera
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Meralco starts negotiations with Terra Solar
by Danessa Rivera - May 20, 2022 - 12:00am
Manila Electric Co. has commenced negotiations with Terra Solar Philippines Inc. to supply 850 megawatts of mid-merit renewable energy after two failed biddings.
FGen eyes supply contracts  for Batangas LNG terminal
by Danessa Rivera - May 20, 2022 - 12:00am
First Gen Corp. is conducting a tender to secure a liquefied natural gas supply for its interim offshore LNG terminal in Batangas, which is set to be completed in the fourth quarter.
ERC submits proposals to lower power rates  
by Danessa Rivera - May 20, 2022 - 12:00am
Outgoing Energy Regulatory Commission Chairperson Agnes Devanadera is submitting her proposals to the incoming administration to lower power rates, including suspension of excise tax on coal and petroleum and removal...
FGen budgets $810 million for capex until 2023
by Danessa Rivera - May 19, 2022 - 12:00am
Lopez-led First Gen Corp. has earmarked a capital expenditure of $810 million until 2023, bulk of which will be used to complete its liquefied natural gas terminal and geothermal projects, as well as expand its natural...
Petron confident of recovery this year
by Danessa Rivera - May 19, 2022 - 12:00am
Petron Corp., the country’s remaining refiner, is optimistic it will reach pre-pandemic performance this year amid the continued recovery in demand.
Landbank releases P237 billion loans to agriculture sector
by Danessa Rivera - May 19, 2022 - 12:00am
The Land Bank of the Philippines released P236.8 billion worth of loans to the agriculture sector as of end-March.
Petro Energy profit jumps in Jan–March
by Danessa Rivera - May 18, 2022 - 12:00am
Higher crude oil prices and solar and wind sales pushed up the net earnings of Yuchengco-led power firm PetroEnergy Resources Corp. in the first quarter.
ACEN, Puri Usaha Group to develop energy projects in Indonesia
by Danessa Rivera - May 18, 2022 - 12:00am
ACEN Corp. is expanding its foothold in Indonesia after it partnered with the Puri Usaha Group to form a joint venture platform to develop clean energy projects.
ERC penalizes FGP Corp.
by Danessa Rivera - May 17, 2022 - 12:00am
The Energy Regulatory Commission has penalized Lopez-led FGP Corp. for breaching the maximum allowable outage days in 2021.
2 LNG import terminals operational by 2nd half – DOE
by Danessa Rivera - May 17, 2022 - 12:00am
Only two liquefied natural gas import terminals are expected to start operating in the second half to resolve the Malampaya gas supply restriction—one of which faces a slight delay due to late delivery of equipment,...
FGen recurring earnings down 24% in Q1
by Danessa Rivera - May 17, 2022 - 12:00am
Lopez-led First Gen Corp. reported a 24 percent drop in recurring net earnings to P3 billion in the first quarter due to lower contributions from its geothermal and gas platforms.
Pryce earnings drop 4.8% in Q1
by Danessa Rivera - May 17, 2022 - 12:00am
Despite a surge in liquefied petroleum gas sales, Listed Pryce Corp. saw net profit dip by 4.8 percent in the first three months of the year due to higher operating expenses.
Phoenix, eTap tie up for payment solutions
by Danessa Rivera - May 15, 2022 - 12:00am
Phoenix Petroleum Philippines Inc. has partnered with Filipino-owned eTap Solutions Inc. for additional payment solutions.
DOE readies submission of energy transition plan
by Danessa Rivera - May 15, 2022 - 12:00am
The incoming administration will have to push harder to develop indigenous and clean power sources to strengthen the country’s resiliency amid global energy issues as the Department of Energy prepares a comprehensive...
Pump prices seen to go down
by Danessa Rivera - May 15, 2022 - 12:00am
Diesel prices are seen to have a massive price decline on Tuesday but not as much for gasoline as worries on supply in the global market persist.
ERC joins Southeast Asia Energy Transition Partnership
by Danessa Rivera - May 14, 2022 - 12:00am
The Energy Regulatory Commission has partnered with Southeast Asia Energy Transition Partnership to accelerate energy transition in the Philippines.
ACEN to borrow P6 billion for company expansion
by Danessa Rivera - May 14, 2022 - 12:00am
ACEN Corp., the listed energy platform of the Ayala Group,  is planning to borrow P6 billion to fund the company’s expansion plan.
Green energy auction set to start next month
by Danessa Rivera - May 13, 2022 - 12:00am
The Department of Energy has set the country’s first green energy auction next month.
Shell earnings more than triple to P3.5 billion in Q1
by Danessa Rivera - May 13, 2022 - 12:00am
Pilipinas Shell Petroleum Corp. more than tripled its net earnings in the first quarter on the back of the oil price surge and inventory gains during the period.
EDC earnings down 19% in Q1
by Danessa Rivera - May 12, 2022 - 12:00am
Lopez-led Energy Development Corp. saw lower profits in the first three months of the year due to higher costs of sales and taxes, as well as lower wind power generated and sold.
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