Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. on September 19, 1968 and became an oil and gas exploration and development company on April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over the years, BSC evolved from an operating company to a holding company under the corporate name, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primary purposes the production of ethanol and other biofuels, and the development of other alternative and renewable energy sources, the Company changed its corporate name from Basic Petroleum Corporation to Basic Energy Corporation.
Basic Energy Corp. signed an agreement with From Energies International Ltd. of Spain to explore joint opportunities in developing Basic’s hydropower projects. Basic Energy disclosed to the Philippine Stock Exchange Wednesday From Energies would explore and identify sources of funding and technical expertise requirements for the hydro projects, through its networks in the international energy…
read moreMANILA, Philippines–Listed firm Basic Energy Corp. has tied up with a company registered in Spain for the joint development of domestic hydropower projects. In a disclosure to the Philippine Stock Exchange, Basic Energy said it recently signed a memorandum of understanding with From Energies International Ltd.—a company registered in Barcelona, Spain. “From Energies International will…
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