Tag: #PNOC
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Uy seeks resolution of Ilijan plant issues
Uy-led UC Malampaya Philippines Pte. Ltd. is seeking resolution of the P27.3-billion dispute on capacity payments for the 1,200-megawatt Ilijan gas-fired power project; and it formally lodged this concern in a Senate hearing as one of the major issues that the company wants to be accorded with definitive settlement relating to the future of the Malampaya gas field project.
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Chevron’s sale of Malampaya stake to Udenna is ‘voidable contract’ –DOE
The $565 million sale of American energy giant Chevron Corporation for its 45-percent stake in Malampaya to businessman Dennis Uy’s Udenna Malampaya LLC is a “voidable contract,” the Department of Energy (DOE) has disclosed in a Senate hearing.
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Senate plans to reframe PNOC mandate as oil/gas exploration firm
The Senate committee on energy is filing a legislative measure that will re-frame the investment function of state-run Philippine National Oil Company (PNOC), so it can concentrate its activities on oil and gas exploration ventures.
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PNOC signs deal with US firm for LNG project
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country.
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PNOC dangles initial offer for Shell’s stake in Malampaya
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.