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Petron sales up, income down on price rollbacks


Petron Corp., named by Platts as one of the fastest-growing energy firms in Asia, saw its sales grow in the third quarter, but found its profits down because of the drop in oil prices worldwide.

Posted: November 10th, 2014 in Headlines | Read More »

Shell putting up LNG facility


The Shell Group is investing in a liquefied natural gas (LNG) terminal in the country even as it awaits the government’s fuel mix policy, which is supposed to signal support for developing a market for non-coal energy sources.

Posted: November 7th, 2014 in Latest Business Stories | Read More »

Oil firms raise pump prices but major products’ rates to remain weak in global market


Oil prices are slightly up for the week, breaking five straight weeks of price cuts even as industry observers said prices for major fuel products would likely remain weak amid soft demand in the global market.

Posted: November 4th, 2014 in Latest Business Stories | Read More »

PTT sets $2B diversification, expansion plan


Oil firm PTT Philippines Corp. is embarking on a venture that would diversify its operations to include power generation and the expansion of its parent firms’ global liquefied natural gas (LNG) footprint.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Phoenix raises $2B from debt issue


Phoenix Petroleum Philippines, Inc., the country’s leading independent oil company, has completed a $2-billion issuance of short-term commercial papers to bankroll expansion plans.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »



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  • PH seen posting balance of payments deficit
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