Dennis Uy-led Phoenix Petroleum has gone on a “capital light” expansion while implementing a comprehensive financial management program, as it aims to recover from the effects of the COVID-19 pandemic on its business.
Despite controversies over Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas-to-power project, Sec. Alfonso Cusi said that the Department of Energy (DOE) sees no “violation” in the transaction, which
The Udenna Group’s UC Malampaya Philippines Pte. Ltd. is seeking to resolve its Php27.3-billion dispute regarding capacity payments for the 1,200-megawatt Ilijan gas-fired power project in Batangas City. The company formally raised this
The consortium running the Malampaya gas-to-power project had already paid the government Php311 billion in revenues it earned since beginning commercial operations in 2001, according to Senate energy committee chairman Sherwin Gatchalian.
Dennis Uy-led Phoenix Petroleum has posted a net loss of Php95 million from January to September 2020, it said in a disclosure to the Philippine Stock Exchange. The said figure is a
Senators have raised eyebrows over Chevron’s sale of its 45% stake in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate Dennis Uy. Sen. Sherwin Gatchalian, chairman of the Senate Committee
Surigao Del Sur Rep. Johnny Pimentel recently revealed that prospective buyers of the 45% stake of Shell Exploration B.V. (SPEx) in the Malampaya gas-to-power project are mainly interested in its 504-kilometer subsea
Sen. Sherwin Gatchalian, chairman of the Senate Committee on Energy, said that Udenna Corporation of Davao-based businessman Dennis Uy must prove its technical expertise to be able to manage and operate the
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the
The Udenna Group of Davao-based businessman Dennis Uy wants total control of the Malampaya natural gas project by acquiring Shell’s 45% stake, bringing him into a three-way clash with the MVP Group
