Tag: Philippines

Indonesia, Philippine groups acquire Chevron geothermal assets for $3 billion

Chevron geothermal assets sold as company cuts spending, jobs to handle weak oil prices By Enrico Dela Cruz MANILA, Dec 23 (Reuters) – Philippine property to banking conglomerate Ayala Corp said on Friday two groups of companies in which its energy unit has stakes will acquire Chevron geothermal assets in Indonesia and the Philippines, earlier valued […]