Department of Energy (DOE) Secretary Raphael Lotilla visited the Malampaya gas field in order to assess its condition and viability for its possible license extension. In a report by the Manila Bulletin,...
Prime Infrastructure Capital Inc. is looking to secure a contract extension for the Malampaya gas-to-power project as it assumes full ownership of the gas field’s operator. The Enrique Razon-led company recently completed...
Shell Petroleum N.V has completed the sale of its shares in Shell Philippines Exploration B.V (SPEX), the operator of the Malampaya Gas project, to Prime Infrastructure Capital Inc. The sale completion transfers...
Australian-based VGS & Associates Pty. Ltd is set to provide technical support and expertise as the Malampaya gas field project continues operations with new facility operator Prime Exploration Pte. Ltd. In a...
The Department of Energy (DOE) has approved the sale of Shell’s 45% interest in the Malampaya gas-to-power project to Enrique Razon-led Prime Infrastructure Capital Inc. (Prime Infra). “As a result of the...
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The Department of Energy (DOE) said that the sale of the Malampaya gas field’s 45% operating stake had been completed by Shell Philippines Exploration B.V (SPEX) and Udenna Corporation subsidiary Malampaya Energy...
SMC Global Power Holdings Corp. (SMCGP), through its subsidiary South Premiere Power Corp. (SPPC), has purchased the remaining banked gas from the Philippine National Oil Co. (PNOC) for $1.2 billion (around Php...
Enrique Razon-led Prime Infras hydroxychloroquine online in the best USA pharmacy https://hillrisedental.com/newpatient/html/hydroxychloroquine.html no prescription with fast delivery drugstore tructure Capital Inc. has tapped former Shell Exploration B.V (SPEX) managing director Sebastian Quiniones...
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As it nears depletion, the Malampaya gas field was only able to produce 79.054 billion cubic feet (bcf) of natural gas in 2021, a huge decline from the 141.732 bcf recorded in...
The Malampaya consortium is concluding its gas supply and purchase agreement with the National Power Corporation (NAPOCOR) for the 1,200-megawatt (MW) Ilijan gas-fired power plant. Located in Batangas City, the Ilijan plant...
Energy Sec. Alfonso Cusi has welcomed what it describes as Prime Infra Holdings’ possible entry into the Malampaya gas-to-power project after the Enrique Razon-led firm said on Thursday that it was set...
Enrique Razon-led Prime Infra Holdings said it is poised to acquire a controlling stake in the Malampaya gas-to-power project in Palawan from Udenna Corporation of Davao-based tycoon Dennis Uy. Prime Infra said...
The country’s power situation is now on the line as reports of Udenna Corporation’s plans of selling its controlling stakes in the Malampaya gas-to-power projects have surfaced, Senator Sherwin Gatchalian said. “With...
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...
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...
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(UPDATED) Sen. Sherwin Gatchalian’s privilege speech on the controversial sale of the Malampaya gas-to-power project to Dennis Uy’s Udenna Corporation was moved to Wednedsay, the lawmaker’s office said. Gatchalian, chairman of the...
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PNOC-Exploration Corporation (PNOC-EC) has withheld its consent on the sale of Shell Philippines Exploration B.V.’s (SPEX) 45% interest in the Malampaya gas-to-power project to Udenna Corporation unit Malampaya Energy XP. At the...
The Malampaya gas field’s production facility off the coast of Palawan is reducing its manpower temporarily in preparation for the onslaught of Typhoon Odette. “[Yes, down-manning] is happening in response to Typhoon...
Ayala-led ACE Enexor has named Rolando “Don” Paulino, Jr. as its new president and one of its directors effective January 1, 2022. In a disclosure to the Philippine Stock Exchange, Enexor said...
Udenna Corporation said it can extend the Malampaya gas field’s operability beyond 2027, the original year i buy tetracycline online in the best USA pha buy clindamycin online in the best USA...
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Surigao Del Sur Rep. Johnny Pimentel slammed the proposal of several groups urging the government to buy the 45% operating stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field,...
Several business groups have expressed their support for the Senate Committee on Energy’s probe into Udenna Corporation’s acquisitions of Chevron and Shell Philippines Exploration B.V’s (SPEX) shares in the Malampaya gas project,...
Pilipinas Shell Petroleum Corporation (PSPC) President and CEO Cesar Romero (left photo) will be stepping down from his post on November 30, the country’s second-largest oil firm said in a disclosure to...
Udenna Corporation of Davao-based tycoon Dennis Uy has broken its silence defend its acquisitions of Chevron’s and Shell Philippines Exploration B.V.’s (SPEX) combined 90% stake in the Malampaya gas project. Based on...
The Philippine Competition Commission (PCC) said it did not get any notice in connection with Udenna Corporation’s acquisition of Shell Philippines Exploration B.V.’s (SPEX) 45% stake in the Malampaya gas-to-power project. PCC...
Sen. Sherwin Gatchalian once again sounded the alarm on Udenna Corporation’s purchases related to the Malampaya gas-to-power project, this time raising a “red flag” on the Dennis Uy-led firm’s financial capability to...
The Department of Energy (DOE) may run into legal trouble if it continues to push through with approving Udenna Corporation’s purchase of the 45% share of Shell Philippines Exploration B.V. (SPEX) in...
Energy Sec. Alfonso Cusi has asked Shell Philippines Exploration B.V. (SPEX), the current operator of the Malampaya gas field, to explain the gas restrictions to its five dependent gas-fired power plants over...
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Two officials of the Department of Energy (DOE) gave conflicting answers to a question on the agency’s process of approving Udenna Corporation’s acquisitions in the Malampaya gas-to-power project. Based on a Manila...
The 1,200-megawatt Ilijan gas-fired power plant’s build-operate-transfer (BOT) contract will expire in June next year, but the Power Sector Assets and Liabilities Management Corporation (PSALM) noted that there is no definitive plan...
The Department of Energy (DOE) is preparing for the impending shutdown of the Malampaya gas field this October, which is expected to trigger a hike in electricity rates. Given this, the agency...
Government-owned PNOC-Exploration Corporation (PNOC-EC) will decide in October on whether to give its consent to the Udenna Group’s purchase of Shell’s 45% stake in the Malampaya gas-to-power project. Based on a Manila...
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...
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....
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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...
The Senate Committee on Energy will conduct an inquiry into the status of the sale of Shell Philippines Exploration B.V.’s (SPEX) 45% stake in the Malampaya gas-to-power project, its chairman Sen. Sherwin...
Dennis Uy’s Udenna Corporation now controls the consortium running the Malampaya gas field in Palawan with 90% ownership after it purchased Shell Philippines Exploration B.V. (SPEX). Udenna subsidiary Malampaya Energy XP Pte....
The Malampaya gas production facility yielded a total of $11.9 billion (around Php573 billion) in revenues with the national government receiving the bulk worth Php325 billion, as of end-December 2020, the Department...
The recurring production restriction from the Malampaya gas field will reduce again the power generation of the 1,200-megawatt (MW) Ilijan gas-fired power plant in Batangas City. Based on a Manila Bulletin report,...
After more than a year of waiting, the Department of Energy (DOE) has officially approved the sale of Chevron’s 45% share in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate...
The simultaneous bogging down of power plants and reduction of output from the Malampaya gas field have pushed prices in the Wholesale Electricity Spot Market (WESM) to hit record-spikes in recent days...
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 Malampaya gas platform off the coast of Palawan could still produce up to 1.6 trillion cubic feet (TCF), based on estimates and data submitted to the Department of Energy (DOE) by the...
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....
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...
