Basic Energy Corporation (BEC) is a publicly listed holding company in the Philippines. It has business interests in various fields of renewable energy and alternative fuels, and oil and gas exploration and development.
Fifty years since it was established, BEC 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, it changed its corporate name to Basic Energy Corporation from Basic Petroleum Corporation in 2007.
BEC continues to fuel the Philippines’ vibrant energy sector with the breadth and depth of its projects and technical knowledge. It aims to be the leading developer of alternative and renewable energy, oil and allied products and services in the country.
BASIC Energy Corp. (BEC) has approved Mabini Energy Corp.’s (MEC) for additional funding to purchase and install a light detection and ranging (Lidar) system in its service contract area. Lidar is a remote sensing method that uses a pulsed laser to measure variable distances. MEC, through its management team, presented the request for P10.818 million…read more
MANILA, Philippines — Basic Energy is undertaking a reorganization of its top executives to propel its push toward attaining the company’s growth targets. Basic Energy said its board has appointed president and CEO Oscar de Venecia Jr. as one of the vice chairmen of the board. De Venecia will then turn over his position…read more