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...
Udenna Corporation said it can extend the Malampaya gas field’s operability beyond 2027, the original year in which its reserves were projected to be fully depleted. In an interview with the ABS-CBN...
Energy Sec. Alfonso Cusi has filed libel charges against executives and reporters of seven major media entities in connection with the sale of the Malampaya gas field to Dennis Uy’s Udenna Corporation....
The Department of Energy (DOE) said it stands firm on its approval of the sale of Chevron’s 45% stake in the Malampaya gas field to Dennis Uy’s Udenna Corporation. Speaking at a...
The Department of Energy (DOE) called out the Integrated Bar of the Philippines’ (IBP) for its “sweeping” statement demanding the revocation of the agency’s approval of Udenna Corporation’s purchase of Chevron’s 45%...
The Integrated Bar of the Philippines (IBP) called for the cancellation of a 45% stake in the Malampaya project to Udenna Energy Corp. and delay the final approval of another 45% this...
Senators are gearing up for an inquiry to the controversial deal involving the “prized” Malampaya gas project. Senate President Pro Tempore Ralph Recto voiced concerns regarding pursuing the probe full time as...
Davao-based tycoon Dennis Uy himself disclosed that his Udenna subsidiaries have a $191 million capitalization fund, contradicting allegations that Udenna has a negative working capital of $100 million when they acquired 90%...
Sen. Sherwin Gatchalian debunked the Department of Energy’s (DOE) allegations that the Senate Committee on Energy, which he chairs, is “causing undue delay to the timeline of the Malampaya consortium corporations” in...
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...
