The country’s energy sector is gearing up for a “triple whammy” next year, especially in the peak demand months of summer due to high chances of continued forced outages, the derating of...
The Department of Energy (DOE) is being urged to bid out an operation and maintenance (O&M) agreement for the Malampaya gas-to-power project, so it can continue operating without issues beyond the expiration...
Dennis Uy’s Udenna Corporation has finally raised concerns regarding the production shortfall of the Malampaya gas field, which could worsen the country’s current power problems. Malampaya Energy XP Pte. Ltd. (MEXP), the...
The Udenna Group of Davao-based tycoon Dennis Uy defended subsidiary Malampaya Energy XP’s (MEXP) purchase of Shell Philippines Exploration B.V. (SPEX), saying it has the funds to operate the gas project. MEXP...
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of Udenna Group unit UC38 LLC in approving the Dennis Uy-led firm’s acquisition of Chevron’s 45% stake in...
The Department of Energy (DOE) will “extensively review” a Udenna Group unit’s purchase of Chevron’s 45% stake in the Malampaya gas facility after the Senate questioned the sale of Shell’s 45% share...
Since a non-technical buyer is expected to take over the Malampaya gas-to-power project, Shell Philippines Exploration B.V. (SPEX) said that will undergo a “six-month transition operation” on the platform as part of...
Global firms Chevron Corporation and Royal Dutch Shell made over Php350 billion in revenues from the Malampaya gas-to-power project before their respective exits from the venture. Based on a Manila Bulletin report,...
Dennis Uy-led Udenna Group’s acquisitions of the Malampaya gas-to-power underwent intense scrutiny at the Senate’s hearing on Wednesday, with the Department of Energy (DOE) taking much of the heat. Senate energy committee...
The Department of Energy (DOE) is aiming for 13 million metric tons per annum (MTPA) of liquefied natural gas (LNG) capacity to be imported into the country through several investments proposed by...
