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Pryce income climbs 12% on higher LPG sales, prices - BusinessWorld Online

Pryce income climbs 12% on higher LPG sales, prices - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Mariellec Lucenio , Pryce Corp , Pryce Gases Inc , Pryce Gases , Misamis Oriental ,

Pryce net income hits ₧1.819B | Lenie Lectura

Publicly-listed Pryce Corp. reported a net income of P1.819 billion last year, up by 12.11 percent from the previous year’s P1.623 billion, on the back of higher revenues. Consolidated revenues stood at P15.372 billion, 31.24 percent higher than the previous year’s P11.713 billion, due to the robust sales of its… ....

Misamis Oriental , Pryce Corp , Publicly Listed Pryce ,

DoE approves force majeure request of SC 55 consortium


BusinessWorld
May 14, 2021 | 7:21 pm
THE DEPARTMENT of Energy (DoE) has cleared service contract (SC) 55 consortium’s request to put its offshore west Palawan petroleum block under force majeure for one year, based on disclosures from two firms.
In a regulatory filing on Friday, the Ayala Group’s oil and gas exploration unit ACE Enexor, Inc. said its subsidiary Palawan55 Exploration & Production Corp., received DoE’s letter on May 11. Palawan55, which holds majority or 75% participating interest in the consortium, is the operator of the SC 55,
The DoE approved the consortium’s request to place the block under force majeure.
“The letter…states that the timeline of the SC 55 Appraisal Period will be adjusted accordingly, and the end of the period will be adjusted by the same amount of time that SC 55 was on Force Majeure,” ACE Enexor said. ....

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Institutional investors seen abandoning fossil fuel


April 4, 2021 | 8:09 pm
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INSTITUTIONAL INVESTORS are abandoning fossil fuel companies in favor of renewables, driven in part by the perception of improving renewable energy (RE) returns as technologies improve, according to a study of publicly-traded RE companies in developing markets.
According to the study, “Clean Energy Investing: Global Comparison of Investment Returns,” issued by the International Energy Agency and London’s Imperial College Business School Centre for Climate Finance & Investment, the listed RE sector across a number of emerging markets and developing countries posted returns of 136% in the decade ending in 2020, against 113.8% for fossil fuel companies.
RE volatility was higher though at an annualized 6.9% compared with 5.4% for fossil fuels. ....

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