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Philex trims losses in 1st half

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Philex Petroleum Corp. slashed its losses in the first half of 2014 by 81.93 percent to P40.7 million, from P225.2 million in the same period last year, on higher revenues and reduced expenses.

Posted: July 26th, 2014 in Headlines | Read More »

Philex-led consortium gets SC75 contract

Philex Petroleum Corp. has received a copy of Petroleum Service Contract No. 75 (SC 75) from the Department of Energy, which is getting ready to launch another round of auctions for oil and coal contracts in the first quarter of the year. In a disclosure to the Philippine Stock Exchange, Philex Petroleum said the oil […]

Posted: January 3rd, 2014 in Headlines | Read More »

Philex gets formal contract for SC74

Philex Petroleum Corp. reported on Thursday that the consortium to which its unit Pitkin Petroleum Plc belongs has been formally awarded a petroleum contract off Palawan.

Posted: September 6th, 2013 in Headlines | Read More »

Philex Petroleum unit closes coal mine

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Philex Petroleum Corp. on Monday said its subsidiary was closing a coal mine operation in Mindanao as it turned out to be unprofitable due to high operating costs and low product prices.

Posted: September 2nd, 2013 in Headlines | Read More »

Philex unit posted net loss of P24.5M in first 3 months

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Philex Petroleum Corp. posted a net loss of P24.5 million in the first quarter of 2013, an improvement from the P46.2-million net loss it registered a year ago.

Posted: April 20th, 2013 in Headlines | Read More »

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