The Philippine National Oil Company-Exploration Corporation (PNOC-EC) effectively protected the country’s national interest when it blocked the sale of Shell Philippines Exploration B.V.’s (SPEX) stakes to Malampaya Energy XP Pte. Ltd., a subsidiary of Dennis Uy-led Udenna Corp., in the...
Surigao del Sur Rep. Johnny Pimentel has called for the Department of Energy (DOE) to assure the “seamless transfer” of Malampaya’s day-to-day gas business amid calls for a probe of Shell Petroleum B.V.’s $460 million operator switch to Udenna Corp. “We are counting on a smooth handover...
The Department of Energy (DOE) has asked oil companies to provide 10 to 20 percent fuel price discount to shipping vessels, primarily those sailing to the West Philippine Sea, for fishing purposes. Department of Energy (DoE) (MANILA BULLETIN) In addition, the department is seeking the support of...
The recurring gas production restriction from the Malampaya field will de-rate anew the electricity generation of the 1,200-megawatt Ilijan gas-fired power facility in Batangas, one of the biggest power plants in the country. In an advisory sent by state-run National Power Corporation to plant...
Year-ender Today, I give you pain. Tomorrow, who knows? For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway. At the height of the lockdown period in March-May,...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project. SMC President and COO Ramon...
Anchoring it on the ‘right to match’ provision of the joint operating agreement (JOA) under Service Contract (SC) 38, Energy Secretary Alfonso G. Cusi indicated that Udenna Corporation of businessman Dennis Uy may likely have an edge in acquiring the 45-percent stake being unloaded by Shell...
Energy Secretary Alfonso G. Cusi As the government is keen on evaluating the joint venture deal proposed by Davao businessman Dennis A. Uy, Energy Secretary Alfonso G. Cusi indicated that they will start studying the ‘buyout proposal’ for the 45-percent majority interest of Shell Philippines...
American energy giant Chevron Corporation packed its bags out of the country early this year after finalizing the sale of its 45% stake in Malampaya to Filipino businessman Dennis Uy. Previous to this, data from the Petroleum Association of the Philippines showed an exodus of deep-pocketed...
The Philippine government has officially confirmed the planned sale of the 45-percent interest of Shell Philippines Exploration B.V. (SPEX) in the $4.5 billion Malampaya deep water gas-to-power project. “Yes, we were informed that Shell is selling. That’s how much we know,” Energy Secretary...
The Philippine upstream subsidiary of Royal Dutch Shell plc is planning to sell its 45-percent stake in the US$4.5 billion Malampaya deep water gas-to-power project if it can corner enticing offer from prospective takers. Highly placed sources from government indicated that Shell Philippines...
