Basic Energy Corporation

Basic Energy Corporation is a publicly listed holding company in the Philippines, with business interests in various fields of renewable energy and alternative fuels, and oil and gas exploration and development.

In a span of nearly 50 years since the company was established, Basic Energy has undergone a dramatic transformation from an operating company into a holding company. Aligned with its primary purpose of developing alternative and renewable energy sources, the company changed its corporate name to Basic Energy Corporation from Basic Petroleum Corporation in 2007.

Basic Energy continues to fuel the Philippines’ vibrant energy sector with the breadth and depth of its projects and technical knowledge. The Company aims to be the leading developer of alternative and renewable energy, oil and allied products and services in the country.

Latest News

Basic Energy partners with Desco for Iriga geothermal project

MANILA, Philippines – The Department of Energy (DOE) has given its go-signal for Basic Energy Corp. and Desco Inc. to team up for a geothermal project in Camarines Sur. In a disclosure to the Philippine Stock Exchange, Basic Energy said it has received the DOE approval on the farm-in agreement and deed of assignment with…

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Basic Energy seeks DOE okay to unload 80% holding in Desco

OIL-and-gas exploration firm Basic Energy Corp. (BEC) has sought the go-ahead of the Department of Energy (DOE) for it to unload 80 percent of its stake in a geothermal service contract (GSC) to Desco Inc. “Basic Energy recently received the approval of the Department of Energy on the farm-in agreement and deed of assignment with…

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