The Senate on Wednesday adopted a resolution that recommends the filing of charges against Department of Energy (DOE) Secretary Alfonso Cusi and other officials of the department who are involved in the approval of the sale of the participating shares of Chevron in the Malampaya gas field. The...
The Philippine Stock Exchange has halted the trading of DITO CME Holdings Corporation, the Udenna Group’s media, communications, entertainment and information technology (“IT”) subsidiary, pending the submission of a full and comprehensive disclosure on its unilateral move to defer its...
From left: Metro Pacific Tollways Corporation President, Rodrigo Franco; father of Phoenix NLEX dealer, Roque Lumanlan; Phoenix brand ambassadress, Rhian Ramos; Toll Regulatory Board Management Executive Director, Atty. Alvin Carullo; Phoenix President, Henry Albert Fadullon; Phoenix Senior...
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...
Opposition Senator Leila de Lima on Monday said she sees no reason for the Philippine government to entrust the sale of Malampaya to Udenna and UC Malampaya which have a history of partnering up with China-owned companies. De Lima reiterated that Malampaya is crucial to the country’s national...
State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has withheld its consent on targeted transaction closing for the $460 million Malampaya stake divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Ltd. (MEXP), a subsidiary of Udenna...
Senator Risa Hontiveros on Tuesday said Energy Secretary Alfonso Cusi and businessman Dennis Uy should reveal the “mystery shopper” instead of filing libel charges against members of the media for supposed unfair reporting over a graft complaint they’re facing over Uy’s controversial buyout...
The Department of Energy (DOE) indicated that it will reply to and would tackle all allegations on the sale of Malampaya shares in a proper forum, including in a fair trial that may be carried out in judicial bodies. In its response to the issues thrown by the Integrated Bar of the Philippines...
The Integrated Bar of the Philippines (IBP) has asked the Department of Energy (DOE) to rescind the approval it granted to Udenna Corporation for the acquisition of the 45 percent shareholdings of Chevron Corporation in the multi-billion Malampaya deep water gas-to-power project. In a statement,...
Uy-led Udenna Corporation has committed to fulfill its contractual obligation under Malampaya’s Service Contract 38 (SC38) to extract the P30 billion to P35-billion worth of ‘banked gas’ for state-run Philippine National Oil Company (PNOC) According to Udenna President Raymundo Martin M....
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...
Senator Risa Hontiveros is calling for a Senate inquiry into the "propriety" of allowing a single private entity to control almost all of the nation's strategic fossil energy assets in the West Philippine Sea. Senator Risa Hontiveros (Senate PRIB) Hontiveros said on Friday, Nov. 18 that she has...
