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.
BASIC ENERGY Corp. and Trans-Asia Oil and Energy Development Corp. have approved the drilling program for the first exploratory well under the consortium’s service contract in Mabini, Batangas. Publicly listed Basic Energy told the stock exchange yesterday that the program seeks to confirm the existence of a geothermal resource in the designated drill site at…read more
Basic Energy Corp. and Trans-Asia Oil and Energy Development Corp. have signed a contract with Diamond Drilling Corp. to drill the Mabini geothermal prospect in Batangas province. Basic Energy said in a statement its joint venture with Trans-Asia approved a drilling program to spud an exploratory well in the geothermal prospect in Mabini, Batangas. The…read more