Udenna Corporation founder, chairman, and CEO Dennis Uy is said to consider selling his stakes in the Malampaya gas-to-power project. Based on a report from Reuters, Uy is looking to sell the...
The Manila Electric Company (MERALCO) is seeking new bidders to supply its franchise area with 1,030 megawatts (MW) of electricity after the Department of Energy (DOE) cleared the power giant to conduct...
PNOC-Exploration Corporation (PNOC-EC) is looking at the possibility of buying back Chevron’s shares, as well as acquiring a portion of Shell Philippines Exploration B.V’s (SPEX) stake in the Malampaya gas-to-power project, according...
ATN Philippines Solar Energy Group Inc. (ATN Solar) is looking to raise Php 1 billion through its initial public offering (IPO) to establish its renewable energy business. In a disclosure to the...
The Department of Energy (DOE) has signed a memorandum of understanding (MOU) with Germany-based MAN Energy Solutions SE (MAN ES) as part of the government’s efforts to develop the country’s downstream natural...
Concerned Filipino-Americans have filed complaints against Chevron Corporation before the United States Securities and Exchange Commission (US SEC) over the sale of its interests in the Malampaya gas field to Dennis Uy’s...
Shell Philippines Exploration B.V. (SPEX), the current operator of the Malampaya gas-to-power project, said the sale of its 45% stake to Udenna Corporation’s Malampaya Energy XP is still on. Based on a...
The MVP Group of Companies is keeping a close eye on the Malampaya gas field following the recent developments surrounding the controversial transactions of Udenna Corporation. In a report by The Philippine...
Pres. Rodrigo Duterte defended Energy Sec. Alfonso Cusi and the Department of Energy’s (DOE) approval of Udenna Corporation’s acquisition of Chevron’s 45% stake in the Malampaya gas-to-power project, saying the controversy over...
Energy Sec. Alfonso Cusi said he will not resign following the call of Sen. Sherwin Gatchalian amid the controversy over the sale of Chevron’s 45% share in the Malampaya gas-to-power project to...
