The company said in a disclosure to the stock exchange that it has completed the acquisition of the remaining 46.57% interest in Pitkin Petroleum. It previously held 53.43% stake in Pitkin Petroleum.
It said the acquisition is “part of its continued efforts on streamlining the corporate structure of subsidiaries involved in overseas Oil & Gas exploration projects.”
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global central banks brace for ‘greenflation,’ climate change amid volatile energy prices - BusinessMirrorCLIMATE change and the energy transition are becoming top of mind for central bank policymakers as they grapple with volatile energy prices and the effects of more frequent extreme weather events. The shift to green energy may be “inflationary and even slightly stagflationary,” Bank of France Governor Francois Villeroy de Galhau said Friday, speaking virtually
Source: BusinessMirror - 🏆 19. / 59 Read more »
Major European firms eyeing Philippine renewable energy marketMajor European firms in the renewable energy sector are looking at entering the Philippine market in the coming year, a top official of the European Chamber of Commerce of the Philippines (ECCP) said.
Source: gmanews - 🏆 11. / 68 Read more »
Semirara chief paints bleak outlook for energy supply - BusinessMirrorSemirara Mining & Power Corp. (SMPC) Chairman Isidro Consunji said the country’s power situation next year is going to be “more challenging than before” because of tight supply amid an improvement in the country’s economy. “2023 is the most challenging, more than 2024. The government will have to prop up the economy so that means
Source: BusinessMirror - 🏆 19. / 59 Read more »
Silicon Valley startup beaming electricity wirelessly raises $30 millionReach Power Inc. uses high-power antennas to focus beams of energy that power devices remotely.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
99-year-old grandma's dying wish was to have a giant penis erected on her graveFromTheArchives: This 99-year-old has a naughty dying wish of having a huge penis built on top of her grave. | via philstarlife philstarlife Ikinamatay nalang nya ang kanyang pantasyang makatikim man lang ng isang mola. Tiniis nyang hwag maging taksil sa kanyang kabiyak...
Source: PhilippineStar - 🏆 7. / 71 Read more »
ACEN’s developments boost its price - BusinessWorld OnlineAC ENERGY Corp. (ACEN) was one of the most actively traded stock last week following a good market sentiment for the energy company.
Source: bworldph - 🏆 9. / 68 Read more »