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A service for energy industry professionals · Friday, May 16, 2025 · 813,163,813 Articles · 3+ Million Readers
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Philippines Crude Oil News Monitoring

  • Published on May 15, 2025

    JG Summit’s naphtha plant shut for at least two years

    Photo from JG Summit Holdings/FACEBOOK MANILA, Philippines — The petrochemicals unit of JG Summit Holdings Inc. will remain shuttered for at least two years. The conglomerate cited prevailing challenges in the global market. During this period, JG …

    Source: Inquirer - Neutral
  • Published on May 14, 2025

    JG Summit Q1 profit falls 61% to P4.3B amid petrochemical losses

    JG SUMMIT Holdings, Inc. reported a 61% drop in first-quarter (Q1) net income to P4.3 billion from P11 billion a year earlier, weighed down by losses from its petrochemical business, which will remain shut for at least two years. Consolidated revenues rose …

    Source: Business World - Pending
  • Published on May 14, 2025

    SMC income grew five-fold to P43.4b in first quarter

    Diversified conglomerate San Miguel Corp. (SMC) nearly grew its net income by five times to P43.4 billion in the first quarter of the year from P8.9 billion a year earlier boosted by one-time gains from the partial sale of power assets and foreign exchange …

    Source: Manila Standard - Pro-Government
  • Published on May 14, 2025

    Shell sets P6 billion capex amid fierce competition

    MANILA, Philippines — Oil player Shell Pilipinas Corp. (SPC) is setting aside up to P6 billion for capital spending over the next two years to stay competitive in an increasingly tight domestic market. In a media briefing yesterday, SPC vice president for …

    Source: Philstar - Neutral
  • Published on May 14, 2025

    Asset sale, forex gains boost SMC’s Q1 income

    MANILA, Philippines —   One-time gains from the partial sale of power assets and foreign exchange gains bolstered earnings of diversified conglomerate San Miguel Corp. (SMC) in the first quarter, offsetting a decline in revenues recorded during the period. …

    Source: Philstar - Neutral
  • Published on May 14, 2025

    Major Regulatory Updates in Vietnam Effective May 2025: What Businesses Need to Know

    Major regulatory updates in Vietnam, effective May 2025, cover foreign ownership in finance, fuel price control, statistical reform, and economic classification. Vietnam will implement several impactful policy changes beginning May 2025, marking a step …

    Source: Vietnam Briefing - Neutral
  • Published on May 14, 2025

    CIDG crackdown on various crimes yields 7 arrested suspects

    CIDG nabs 7 suspects of various crimes last week. MANILA, Philippines — Seven individuals were arrested over the past week for alleged gunrunning, illegal liquified petroleum gas (LPG) refilling and practicing medicine without a license, the Criminal …

    Source: Inquirer - Neutral
  • Published on May 14, 2025

    US President Trump blinked in trade war with China. Can Southeast Asia get a break, too?

    The reversal on China invites the obvious question: What about the rest of the world, especially Southeast Asia, where reciprocal tariffs range from 49 percent on Cambodia to 17 percent on the Philippines to 10 percent on FTA partner Singapore? It took one …

    Source: Daily Star - Neutral
  • Published on May 13, 2025

    Shell Pilipinas sets up to P6-B budget through 2026

    LISTED oil firm Shell Pilipinas Corp. (SPC) has allocated up to P6 billion in capital expenditures through 2026 to accelerate the expansion of its mobility network and further develop its import terminal. “We will continue our disciplined approach in terms …

    Source: Business World - Pending
  • Published on May 13, 2025

    BIZ BUZZ: Roadshows augur well for Maynilad’s P 49-B IPO

    MANILA, Philippines Some people may find it ironic. What could be the country’s largest initial public offering (IPO) is coming to market at a time of unprecedented geopolitical tension as well as global economic uncertainties under Trump 2.0. But from …

    Source: Inquirer - Neutral
  • Published on May 13, 2025

    Sabah, Sarawak hold key to Malaysia’s political future – analyst

    A YouTube screenshot of James (left) being interviewed by host Khoo Hsu Chuang. KOTA KINABALU (May 13): Give the East Malaysians what they want or risk losing the elections, warned political analyst Professor James Chin. In an interview on the @ …

    Source: Borneo Post - Neutral
  • Published on May 12, 2025

    Nepal News Evening Briefing | Monday, May 12, 2025

    KATHMANDU: Stay informed with Nepal News’ daily evening briefing, covering the most significant developments from Nepal and around the world. From politics and economy to sports, entertainment, and culture, we bring you a concise summary of the day’s top …

    Source: Nepal News - Neutral
  • Published on May 12, 2025

    5 key takeaways from Aramco’s latest financial results

    Image credit: Getty Images The world’s largest oil exporter, Saudi Aramco, released its latest quarterly results on Sunday, reporting a net profit of $26.01bn for the first three months of 2025. The figure marks a 4.6 per cent drop from the same period …

    Source: Gulf Business - Neutral

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