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...
The Department of Energy (DOE) stressed it exercised due diligence and followed existing rules and regulations in the evaluation and approval of the $565-million transaction between Udenna Corporation’s UC Malampaya Philippines Pte....
Senate energy committee chairman Sherwin Gatchalian said the Department of Energy (DOE) “bent rules” instead of protecting the public to approve Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas-to-power...
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...
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...
Dennis Uy-led Phoenix Petroleum said that it further increased its market share, based on data from the Department of Energy. As of May 25, the Davao-based oil firm holds 7.81% of the...
