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Danessa Rivera
Danessa Rivera
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AC Energy turns in profit after restructuring
by Danessa Rivera - August 13, 2020 - 12:00am
AC Energy Philippines Inc. reported a P2 billion net profit in the first semester of the year, a turnaround from a net loss last year, as it completed its restructuring program after it acquired Phinma Energy C...
MECQ prompts huge drop in Luzon power demand
by Danessa Rivera - August 13, 2020 - 12:00am
The Independent Electricity Market Operator of the Philippines has noted a 700-megawatt drop in Luzon’s power demand as Metro Manila and nearby provinces shifted back to modified enhanced community quaran...
Meralco cuts rates for 4th straight month
by Danessa Rivera - August 11, 2020 - 12:00am
The Manila Electric Co. yesterday announced its rates would go down for the fourth straight month this August amid a sufficient supply due to lower demand, stronger peso and lower oil prices.
First Gen needs to complete LNG project reports
by Danessa Rivera - August 10, 2020 - 12:00am
The Department of Energy has directed First Gen Corp. to complete additional requirements for its amended liquefied natural gas terminal project before proceeding to the construction phase.
Semirara net income down 61% in H1
by Danessa Rivera - August 10, 2020 - 12:00am
Listed Semirara Mining and Power Corp. recorded a 61-percent drop in its first semester net earnings as the coronavirus pandemic dragged the prices and demand for coal and electricity.
NGCP donates COVID-19 test kits to hospitals
by Danessa Rivera - August 9, 2020 - 12:00am
The National Grid Corp. of the Philippines has donated real time-polymerase chain reaction machines to government hospitals in the National Capital Region to help raise testing in the region.
Nuclear power in energy mix by year-end — DOE
by Danessa Rivera - August 8, 2020 - 12:00am
The Department of Energy hopes to finalize the roadmap for the inclusion of nuclear power in the country’s energy mix by year-end after President Duterte signed an executive order supporting the Philippine...
PXP Energy hikes stake in SC 72
by Danessa Rivera - August 7, 2020 - 12:00am
Listed upstream oil and gas firm PXP Energy Corp. has raised its economic interest in Service Contract 72 offshore west Palawan.
PXP Energy posts wider net loss in January-June
by Danessa Rivera - August 5, 2020 - 12:00am
Listed upstream oil and gas firm PXP Energy Corp. reported a higher net loss in the first six months due to the significant drop in oil prices and revenue amid the pandemic.
Petron widens net loss to P14.2 billion
by Danessa Rivera - August 5, 2020 - 12:00am
Petron Corp., the country’s largest oil refiner and marketer, widened its net loss as it continued to reel from the negative impact of the COVID-19 pandemic on global oil prices and demand.
Phoenix Petroleum sets P7 billion CP issue
by Danessa Rivera - August 4, 2020 - 12:00am
Listed independent oil player Phoenix Petroleum Philippines Inc. is planning to issue new commercial papers of up to P7 billion.
First Gen building pumped-storage to boost capacity
by Danessa Rivera - August 3, 2020 - 12:00am
Lopez-led First Gen Corp. is aggressively pursuing its decarbonization efforts with the construction of the country’s first pumped-storage facility capable of providing an additional 100 megawatts in capacity...
Meralco sees flat sales in July
by Danessa Rivera - August 3, 2020 - 12:00am
Manila Electric Co. expects sales to be flat in July compared to a month ago due to cooler temperature and low demand as most of its franchise area still remains under lockdown, company officials said.
Mixed oil price movements seen next week
by Danessa Rivera - August 2, 2020 - 12:00am
Oil firms are expected to implement minimal price cuts on fuel products this week.
PSALM sees P900 million savings from RPT cut
by Danessa Rivera - August 1, 2020 - 12:00am
State-run Power Sector Assets and Liabilities Management Corp. is using nearly P900 million in savings to pay off debts following the signing by President Duterte of an executive order covering real property tax...
EDC keen on geothermal projects overseas
by Danessa Rivera - August 1, 2020 - 12:00am
Energy Development Corp. is keen on pursuing geothermal projects overseas with pre-development projects lined up in the next couple of years.
First Gen hiking capital to P13.2 billion
by Danessa Rivera - July 31, 2020 - 12:00am
Lopez-led First Gen Corp. has received the green light from its shareholders to raise its authorized capital to P13.2 billion as part of efforts to improve financial flexibility to develop its pipeline of proje...
Duterte backs study on revival of nuclear energy
by Danessa Rivera - July 31, 2020 - 12:00am
The Department of Energy said it would continue working with global experts in nuclear energy after President Duterte signed an executive order supporting the Philippine nuclear energy program.
Consumers lament lack of plan for power sector
by Danessa Rivera - July 30, 2020 - 12:00am
Various consumer groups have expressed dissatisfaction over the lack of concrete plans for the sector.
AC Energy, partner secure 20% stake in Australia’s Infigen
by Danessa Rivera - July 30, 2020 - 12:00am
AC Energy Inc. and its partner have secured a material 20 percent stake in Infigen Energy, concluding their takeover offer for the listed Australian clean energy developer.
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