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...
Senate energy committee chairman Sherwin Gatchalian has urged the Department of Energy (DOE) to be transparent in its review of the Udenna Group’s purchase of the 45% stake of Shell Philippines Exploration B.V....
The Department of Energy (DOE) said it is currently reviewing Dennis Uy-led Udenna Group’s purchase of Shell’s 45% stake in the Malampaya gas-to-power project. In an interview on the ABS-CBN News Channel...
Four major foreign banks will reportedly fund Davao-based businessman Dennis Uy’s $460 million acquisition of the 45% stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas-to-power project. Based on a...
The Department of Energy (DOE) is set to convene gas sector stakeholders in the gas sector in a bid to resolve the gas restriction from the Malampaya field in Palawan. Based on...
Shell said that it has exercised “careful consideration” in deciding to sell its 45% share in the Malampaya gas-to-power project to Dennis Uy’s Udenna Corporation nearly two weeks ago. In a report...
