The Department of Energy (DOE) has admitted that it used an unaudited financial statement of a subsidiary-company of Udenna Corporation as the government’s basis in evaluating the firm’s financial capacity as well as in approving the latter’s acquisition of the 45-percent stake of American...
The Singapore-incorporated Malampaya Energy XP Pte. Ltd., a subsidiary of Udenna Corporation of businessman Dennis Uy, which is buying the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture, has just US$100 (or P5,000) capitalization, as revealed in a...
Multinational giants Chevron Corporation and Royal Dutch Shell have pocketed over P350 billion in revenues from the Malampaya gas field project prior to their respective exits from the venture. As culled from government documents, the royalty share of the two foreign energy giants had been on top...
Filipino consumers are in for a tighter financial squeeze this week, as fuel products will be rising anew – and it will be a big-time hike of P1.15 per liter for gasoline products; and P0.60 per liter for diesel. The other commodity that will have higher prices in the triumvirate of product cost...
Pilipinas Shell Petroleum Corporation celebrated World Motorcycle Day last June 21, 2021 with the country’s motorcycling community. As part of their celebrations, motorcyclists who gassed up in selected Shell mobility stations across the Philippines got one free liter of Shell Advance AX7 motor...
Listed firm Pilipinas Shell Petroleum Corporation has unveiled its newly transformed world-class oil import facility in Tabangao, Batangas that has been christened as “SHIFT” – and that is in the site of its refinery which had ceased operations last year because of a business model deviation...
It’s a bit of mid-year sting on consumers’ pockets; as gasoline prices will rise by a hefty P1.00 per liter this week; while diesel prices will have upward adjustment of P0.65 per liter. Another fuel commodity kerosene will also have higher prices this week by a scale of P0.70 per liter, as...
Sharing a common vision to provide motorbike owners and drivers efficiency and enhanced engine performance, energy leader, Pilipinas Shell Petroleum Corporation, was recently named as the preferred fuel provider of top motorcycle manufacturer, Suzuki Philippines. This partnership was confirmed last...
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 various companies of Shell in the country will embark on a nationwide Covid-19 vaccination program for its employees, key business partners like gasoline station dealer and their immediate family members. Like many companies in the country, Shell will give premium to the vaccination program of...
Pilipinas Shell Petroleum Corporation will be using ‘recyclable’ asphalt as well as solar panels and rain catchers at its planned 60 to 80 new retail stations that will serve as expansion ventures in beefing up its downstream oil business in the country. The pilot project of the company with...
The pockets of Filipino consumers will be burdened with higher prices again at the petroleum pumps this week; as based on upward adjustments announced by the oil companies. In pricing notices sent to the media and the Department of Energy, the oil firms indicated that diesel prices will go up by...
