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Patrick Miguel
Patrick Miguel
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Shell Pilipinas net income jumps to P1.4 billion in Q1
by Patrick Miguel - May 17, 2024 - 12:00am
Shell Pilipinas Corp. reported a net income of P1.4 billion in the first quarter, reversing the P310.2-million net loss booked in the same quarter last year.
MGen unit bags Singapore power project
by Patrick Miguel - May 16, 2024 - 12:00am
A subsidiary of Meralco PowerGen Corp. has received the green light from the Energy Market Authority to build, own and operate two power-generating units in Singapore.
Meralco rates up this month
by Patrick Miguel - May 15, 2024 - 12:00am
Household consumers should expect higher electricity bills this month as energy utility provider Manila Electric Co. increased rates by P0.4621 per kilowatt hour, to P11.4139 per kWh from P10.9518 per kWh last ...
EDC’s P10 billion Asean green bonds get SEC greenlight
by Patrick Miguel - May 14, 2024 - 12:00am
Energy Development Corp. has obtained the green light from the Securities and Exchange Commission to raise as much as P10 billion via the issuance of ASEAN green bonds.
PetroGreen unit, SNAP close power supply deal
by Patrick Miguel - May 14, 2024 - 12:00am
A subsidiary of Yuchengco-led PetroGreen Energy Corp. has signed a power supply agreement with SN Aboitiz Power Group.
ACEN to acquire US wind project
by Patrick Miguel - May 14, 2024 - 12:00am
A unit of Ayala-led ACEN Corp. is further expanding its international footprint through the acquisition of a wind power project in the US.
Meralco expects higher generation charge this month
by Patrick Miguel - May 12, 2024 - 12:00am
Energy utility provider Manila Electric Co. said indications point to a higher generation charge this month as the Luzon grid was placed under red and yellow alerts with several power plants are either offline or...
First Gen income drops to P4.5 billion
by Patrick Miguel - May 9, 2024 - 12:00am
The profit of Lopez-led power firm First Gen Corp. declined by nine percent to P4.5 billion in the first quarter from a year-ago level of P4.9 billion on the back of lower earnings from its geothermal and natural...
ACEN income up 34% to P2.7 billion
by Patrick Miguel - May 9, 2024 - 12:00am
Energy platform ACEN Corp. has reported a 34-percent jump in consolidated net income to P2.7 billion in the first quarter fro P2 billion in the same quarter last year.
AboitizPower earnings rise 4 percent to P7.9 billion in Q1
by Patrick Miguel - May 8, 2024 - 12:00am
Aboitiz Power Corp. hiked its net income by four percent in the first quarter to P7.9 billion due to higher generation portfolio margins.
Conglomerates tapped to preserve Verde Island
by Patrick Miguel - May 8, 2024 - 12:00am
The government has tapped three of the country’s biggest conglomerates to protect the Verde Island Passage, a critical waterway and internationally recognized biodiversity area in the country.
Petron earnings grow 16 percent to P3.9 billion in Q1
by Patrick Miguel - May 8, 2024 - 12:00am
The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume.
Oil prices down today
by Patrick Miguel - May 7, 2024 - 12:00am
In separate advisories, oil companies implemented a rollback on pump prices of P0.75 per liter for gasoline, P0.90 for diesel and P1.05 for kerosene.
Meralco expects higher sales in Q2
by Patrick Miguel - May 6, 2024 - 12:00am
Manila Electric Co. (Meralco) expects its sales to grow by six to eight percent from April to June, according to chief commercial officer Ferdinand Geluz.
Another oil price cut seen next week
by Patrick Miguel - May 4, 2024 - 9:00am
Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero.
PNOC, Landbank ink agreement on solar rooftop
by Patrick Miguel - May 2, 2024 - 12:00am
State-run Land Bank of the Philippines has partnered with Philippine National Oil Co. for the installation of rooftop solar panels.
Meralco proceeds on nuclear option
by Patrick Miguel - May 2, 2024 - 12:00am
Manila Electric Co. will proceed on conducting a formal feasibility study for its development of micro modular reactors, a nuclear power system, following the completion of its pre-feasibility study.
ERC suspends WESM operation on red alerts
by Patrick Miguel - May 2, 2024 - 12:00am
The Energy Regulatory Commission has suspended the Wholesale Electricity Spot Market due to a series of red alerts in the Luzon and Visayas grids since April 16.
NexGen Energy wants to follow sister firm REDC’s IPO success
by Patrick Miguel - April 30, 2024 - 12:00am
NexGen Energy Corp., a wholly owned subsidiary of Pure Energy Holdings Corp. and a sister company of publicly listed Repower Energy Development Corp., is keen on its own initial public offering as it prepares to...
Senate urged to act swiftly on bill to develop natural gas
by Patrick Miguel - April 30, 2024 - 12:00am
The Senate should take swift action on a proposed legislation that would lay down state policy for the full development of the Philippine natural gas industry as the measure is a legislative priority of President...
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