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Danessa Rivera
Danessa Rivera
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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.
Korean firm lone bidder for Malaya plant
by Danessa Rivera - July 29, 2020 - 12:00am
Korean firm Soosan ENS Co. Ltd. is the lone bidder to operate and maintain the 650-megawatt Malaya Thermal Power Plant in Rizal until its privatization the Power Sector Assets and Liabilities Management Corp. s...
Meralco 2020 core profit to slip to P21 billion
by Danessa Rivera - July 28, 2020 - 12:00am
Manila Electric Co. expects core profits to slip to P21 billion this year as the power distributor started to register the full impact of the COVID-19 pandemic on power demand and the economy, its top official said...
Green energy tariff program policy out
by Danessa Rivera - July 26, 2020 - 12:00am
Energy Secretary Alfonso Cusi has signed the green energy tariff program policy to boost renewable energy development in the country.
…As Philippine lags in EV development in ASEAN
by Danessa Rivera - July 24, 2020 - 12:00am
The Philippines remains a laggard in the Southeast Asian region in terms of electric vehicle (EV) adoption due to lack of supporting policies and incentives.
AC Energy, Marubeni unit team up for 150-MW plant
by Danessa Rivera - July 24, 2020 - 12:00am
AC Energy Philippines Inc. has partnered with a unit of Marubeni Corp.of Japan to develop and operate a 150-megawatt diesel modular generator set power plant in Pililia, Rizal.
AC Energy expands to India
by Danessa Rivera - July 21, 2020 - 12:00am
AC Energy Inc., the power unit of Ayala Corp., continues to expand overseas with its latest venture in India.
Small fuel price cuts set this week
by Danessa Rivera - July 20, 2020 - 12:00am
Minimal price cuts on gasoline products are seen this week with Unioil Philippines warning motorists to expect mixed adjustments.
Court quashes PECO appeal on Iloilo asset expropriation
by Danessa Rivera - July 19, 2020 - 12:00am
A local court has quashed Panay Electric Co.’s appeal to reconsider an earlier order to have its properties expropriated to the new power utility in Iloilo City, as businesses expressed confidence the Razon-led...
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