Company Overview and News

to your dashboard

Headline News

PetroEnergy income up 180%

PetroEnergy Resources Corp. (PERC) said on Thursday its consolidated first semester net income surged 180 percent to $6.55 million this year from $2.34 million last year.

PetroEnergy profit nearly triples in H1

2017-08-17 philstar
MANILA, Philippines - Net earnings of PetroEnergy Resources Corp. (PERC) surged in the first six months of 2017 on strong contributions from its renewable energy projects and improved oil sales.

PetroEnergy secures permits for Palawan solar power project

2017-07-31 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) has secured the necessary environmental clearances to pursue its proposed 10-megawatt (MW) solar project in Puerto Princesa.

PetroEnergy plans P1-B stock rights offer

2017-07-27 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) of the Yuchengco Group is looking to raise P1 billion through a stocks right offer to partly finance plans to double its renewable energy capacity in two years.

PetroEnergy to raise P1B through new shares

Oil exploration, mining and energy group PetroEnergy Resources Corp. (PERC) plans to raise as much as P1 billion to fund renewable energy projects and other investments by selling new shares to existing shareholders.

PetroEnergy sees 33% more profit on shift to renewables

2017-07-26 philstar
MANILA, Philippines -  PetroEnergy Resources Corp. (PERC) expects its profit to grow by about 33 percent this year on higher electricity sales as it shifts from oil and gas exploration to renewable energy production, company officials said yesterday.

PetroEnergy takes in new Thai partner

2017-05-17 philstar
MANILA, Philippines -  PetroEnergy Resources Corp. (PERC) has taken in BCPG Public Co. Ltd. (BCPG) as its new partner in the 36-megawatt (MW) Nabas-1 Wind Power Project (NWPP), the Thai firm’s first investment in the Philippines.

PetroEnergy income surges 4-fold in Q1

2017-05-14 philstar
MANILA, Philippines - Higher electricity sales coupled with improved oil revenues pushed up PetroEnergy Resources Corp. (PERC)’s first quarter earnings.

PetroEnergy marks income turnaround

2016-11-19 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) reported a net income of $1.13 million in the nine months to September this year on the back of higher energy sales.

PERC profit rises nearly seven-fold

2016-08-21 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) saw its net profit balloon nearly seven times in the first semester on the back of higher electricity sales as a result of commercial operations of its solar plant, which more than offset the impact of depressed global crude prices on oil revenues.

PetroSolar gets ERC OK for FIT eligibility

2016-07-14 philstar
MANILA, Philippines - PetroSolar Corp. has clinched regulatory approval for a guaranteed payment for its 50-megawatt (MW) solar power plant, adding to a list of assured revenue streams for the company.

Maibarara developer taps Desco for new drilling

2016-05-13 philstar
MANILA, Philippines - Maibarara Geothermal Inc. (MGI), the owner and developer of the Maibarara geothermal power facility, has tapped Desco Inc. to start drilling a new well in the project by end-May.

ERC clears FIT incentives for PetroSolar’s Tarlac project

2016-04-28 philstar
MANILA, Philippines - PetroSolar Corp. has been cleared to receive feed-in-tariff (FIT) incentives for its first solar facility in Tarlac.

Philex Petroleum narrows loss in Q1

2016-04-27 philstar
MANILA, Philippines – Philex Petroleum Corp., the upstream oil and gas unit of listed mining firm Philex Mining Corp., trimmed its net loss by 42.1 percent in the first quarter to P11.8 million.

PetroWind Energy starts 36-MW Nabas wind farm

2016-01-19 philstar
PetroWind Energy Inc. (PWEI) recently inaugurated its 36-megawatt (MW) wind farm in Nabas, Aklan, as well a tourism center aimed to spur tourism and add livelihood in the area.