MANILA, Philippines – Listed Basic Energy Corp has partnered with a Dubai-based group to identify business opportunities in the Philippines and overseas.
In a statement to the Philippine Stock Exchange, Basic Energy said signed on Wednesday a memorandum of understanding with Energy Services Group Ltd. (ESG), “covering an alliance to jointly identify and develop opportunities in the oil and gas business not only within but outside of the Philippines.”
ESG is engaged in the business of providing engineering, procurement, installation, construction and project management services in oil and gas operations.
Basic Energy and listed holding company Metro Pacific Investment Corp are also currently exploring a joint venture agreement to develop two ethanol facilities to meet the demand for a cheaper and cleaner fuel in the Philippines. – GMANews.TV
Source: http://www.gmanetwork.com/news/story/111859/economy/energy-firm-partners-with-dubai-company-to-identify-local-opportunities
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed solar power project in Bolinao, Pangasinan, after securing a certificate from the government. In a regulatory filing on Thursday, Basic Energy said the Department of Energy (DoE) granted the company a certificate of authority (CoA) for its proposed solar energy…
read moreBasic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June…
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