Tanglawan Philippine Seeks Partnership with PNOC in LNG Project

Following the Department of Energy’s Notice to Proceed issued to Tanglawan Philippine LNG Inc.—a planned joint venture between Phoenix Petroleum Philippines Inc. (PSE: PNX) and CNOOC Gas and Power—to build an LNG regasification terminal in Batangas, the representatives from Phoenix are now in talks with the Philippine National Oil Co. (PNOC) in hopes to secure […]
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Bloomberry In, Petron Out of PSE Index

The Philippine Stock Exchange Inc. (PSE) announced that Bloomberry Resorts Corp. (PSE: BLOOM) will be added to the PSE index (PSEi) effective February 18, 2019. Bloomberry will replace Petron Corp. (PSE: PCOR) in the PSEi based on the review of listed companies covering trading activity from January to December 2018. To qualify for inclusion in […]
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Phoenix Petroleum Lists Maiden Series of Php10B Commercial Papers Program

Oil company Phoenix Petroleum Philippines Inc. (PSE: PNX) has raised PhP7 billion through the listing of commercial papers on the Philippine Dealing and Exchange Corp. on December 27, 2018. This serves as the maiden series of the company’s PhP10 billion commercial papers program which will be issued and reissued over a three-year period–a milestone in […]
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Udenna Interested in Becoming NMP

Udenna Corp., the parent company of Phoenix Petroleum Philippines Inc. (PSE: PNX) and Chelsea Logistics Holdings Corp. (PSE: CLC), expressed earlier its interest to participate in the Philippine Government’s plan to bring in a New Major Player (NMP), and its recent purchase of selection documents from the National Telecommunications Commission (NTC) yesterday, October 8, 2018, is […]
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CNOOC Deploys Team for LNG Deal

By Myrna M. Velasco, Manila Bulletin The China National Offshore Oil Corp. (CNOOC) has deployed its team in firming up a deal with Filipino firm Phoenix Petroleum Philippines Inc. (PSE: PNX) on the targeted venture of putting up a liquefied natural gas (LNG) terminal in the country. The CNOOC team in the Philippines, according to […]
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Phoenix Petroleum Inks Joint Venture Agreement

The Board of Directors of Phoenix Petroleum Philippines Inc. (PSE: PNX) has approved and authorized the execution of a joint venture agreement with TIPCO Asphalt Public Co. Ltd and Carlito B. Castrillo of PhilAsphalt (Dev’t) Corp. for the purpose of operating, marketing and distribution of Bitumen and Bitumen-related products in the Philippines. Related Articles:Tanglawan Philippine […]
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PHStocks Exclusive: Top 30 Strongest Stocks in 2017

Another year of trading is over. The Philippine Stock Exchange (PSE) index finished 2017 at a record high 8,558.42 on Friday, 29 December 2017. It was the 14th time that the index closed at a record high during the year. For 2017, the index gained 25%. Of course, it’s also that time of the year […]
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Phoenix Petroleum Board Approves Acquisition of PDB’s LPG Business in the Philippines

Davao—(PHStocks)—The Board of Directors of Phoenix Petroleum Philippines Inc. (PSE: PNX) has announced that on July 5, 2017 it has approved and authorized the execution of two agreements for the purchase of: (1) 100% shares owned by PDB Netherlands in Petronas Energy Philippines Inc. (PEPI); and, (2) 100% shares in Duta Inc., for a total […]
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