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...
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...
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...
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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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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...
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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%...
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,...
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...
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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...
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...
Udenna Group unit Malampaya Energy XP Pte. Ltd. (MEXP) said it is prepared to increase its investments in new exploration and enhancement technologies to boost the gas field’s production and lifespan. MEXP...
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...
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....
Dennis Uy-led Phoenix Petroleum has gone on a “capital light” expansion while implementing a comprehensive financial management program, as it aims to recover from the effects of the COVID-19 pandemic on its business....
Despite controversies over Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas-to-power project, Sec. Alfonso Cusi said that the Department of Energy (DOE) sees no “violation” in the transaction, which...
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....
Sen. Sherwin Gatchalian, chairman of the Senate Committee on Energy, said that Udenna Corporation of Davao-based businessman Dennis Uy must prove its technical expertise to be able to manage and operate the...
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the...
The Udenna Group of Davao-based businessman Dennis Uy wants total control of the Malampaya natural gas project by acquiring Shell’s 45% stake, bringing him into a three-way clash with the MVP Group...
Shell Philippines Exploration B.V. (SPEX) is eyeing the sale of its 45% interest in the $4.5 billion Malampaya deep water gas-to-power project. In a report from Reuters, the company said the proposed...
