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...
Vehicle-owners using diesel fuel will need to pay more at the pumps this week as the price of this commodity had gone up by P0.45 per liter, according to the pricing adjustment advisories sent by the oil companies. For gasoline products, there will be a rollback of P0.10 per liter; while kerosene...
An opportunity in art that you shouldn’t miss Throughout history art has been used to promote creativity, ignite the imagination, and stir emotion into the hearts of many. It also helps creators and audiences cope with the times, in circumstances that seem too great to comprehend and even endure...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
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...
State-run Philippine National Oil Company (PNOC) has initially sounded off interest in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas field venture. PNOC President and CEO President Reuben S. Lista indicated that there was an initial...
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...
Even in the middle of the pandemic, student artists may now build their own name and inspire other people through artworks by participating in the 53RD Shell National Students Art Competition Last year's first placer in the water color category, Nicolle T. Plamer of the Eulogio “Amang”...
Shell is probably one of the most recognized energy companies in the world, most likely due to its very recognizable logo. The shell represents, Royal Dutch Shell plc, commonly known as Shell. It is headquartered in The Hague, Netherlands and with its registered office at the Shell Centre in...
