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Sabadell says no plans to sell TSB for now, as Q3 beats forecast

Sabadell says no plans to sell TSB for now, as Q3 beats forecast
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Pilipinas Shell turns to profit in first quarter

BusinessWorld
May 14, 2021 | 7:00 pm
Listed Pilipinas Shell Petroleum Corp. posted a P1 billion net profit in the first quarter, a reversal of the P5.5 billion loss it incurred in the same period last year, even as sales volume remained low.
Pilipinas Shell in a statement attributed its P1 billion net income “to its new supply chain strategy, higher premium penetration across all segments and continued cash conservation measures.”
A regulatory filing showed Pilipinas Shell’s first quarter net sales fell by 17.5% to P39.92 billion year on year, as sales volume declined by 31% to 997.8 million liters.
The company said lubricants and bitumen sales are up by 12% and 27%, respectively, “supported by new customer wins and increase in economic activities in some industries.” ....

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Pilipinas Shell eyes P20-B budget for next 5 years

By
Reporter
PILIPINAS Shell Petroleum Corp. is looking at investing up to P20 billion in the next five years to fund, among others, the construction of oil import terminals and more “mobility sites” as the listed company shifts to a new business model.
“P15 to P20 [billion] over the five-year period… In terms of investment, we are hoping that we will be able to continue with our investment profile of anywhere between P3 to P4 billion per year for the next five years,” Pilipinas Shell President and Chief Executive Officer Cesar G. Romero said in a media briefing on Wednesday. ....

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Shell's solar farm now powers its Batangas import facility

BusinessWorld
January 20, 2021 | 12:06 am
PILIPINAS SHELL Petroleum Corp.âs solar farm in Tabangao, Batangas has been supplying power to the listed oil companyâs import terminal since December, its top executive said on Monday.
In a virtual event with reporters, Pilipinas Shell President and Chief Executive Officer Cesar G. Romero said the solar facility, which is part of the import terminalâs integrated energy system, has produced more than 84,000 kilowatt-hours since it was commissioned last month.
The integrated energy system is expected to produce around 2,400 megawatts (MW) of energy, which could power more than 850 homes, the company previously said. It would also improve energy efficiency. ....

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PH Team's CO2-Emission-Reduction Mobile App Wins Top Prize

Team Alamat UP
The team won the Tracking and Reducing CO2 Emissions from Vehicles Challenge for their mobile application CERO, which helps motorists reduce their fuel consumption by up to 15%, allowing them to both save on fuel costs and reduce their carbon dioxide emissions.
Hailing from a variety of different fields, including chemical engineering, mechanical engineering, and business administration, Team Alamat UP’s big win was brought home by members Matthew Solomon Arjonillo; Esther Pauline Bacay; John Cagape; Paolo Ricco Gauma; Althea Patricia Laza; FuLin Li; Aleandro Sta. Ana; Jan Goran Tomacruz; and Marc Adrian Yu.
Pitch The Future is a recent integration into the Shell Eco-marathon (SEM) program, one of the world’s leading student engineering competitions that requires teams from across the globe to compete in a series of contests in solving real-world energy challenges. It is only the first in a series of student initiatives in the new Virtual League of ....

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