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 Philippines is planning to invest P502 billion in the next two decades for its targeted gas reserves extraction of up to 4.0 trillion cubic feet (TCF) as a replacement to the depleting Malampaya field, according to the Department of Energy (DOE). DOE Undersecretary Felix William B. Fuentebella,...
The lawsuit filed by Energy Secretary Alfonso Cusi against seven media organizations, including the Manila Bulletin, for publishing a story on him and Davao City-based businessman Dennis Uy facing a graft complaint over irregularities in the Malampaya gas field buyout was meant to stifle freedom of...
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...
In the technically complex world of energy where men CEOs are regarded as ‘king’, women executives eyeing C-suite positions often work double time to catch up with counterparts. Shell Philippines President and CEO Lorelie Quiambao-Osial Unequivocally, one female executive who is rising up to...
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,...
The operator of the Malampaya gas field is scheduling at least four "production holds" or gas restriction occurrences next year, according to the Department of Energy. “Based on the submitted document from SPEX (Shell Philippines Exploration B.V.), there will be four scheduled ‘production...
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...
The Udenna Corporation of Davao businessman Dennis A. Uy strongly denied accusations that the company took out cash from the Malampaya revenues, which in turn, was allegedly used to pay for its acquisition of the 45 percent shareholdings of US firm Chevron Corporation in the Philippine gas field...
The profitability of Lopez-led First Gen Corporation has improved by 11 percent to P10.3 billion ($212 million) in nine months this year from P9.9 billion ($196 million) within the same period in 2020. The company said it “benefited from higher electricity sales,” and among its income driver is...
