Tag: #Shell Philippines Exploration B.V. (SPEX)
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Gatchalian: PNOC-EC protected PH interest in blocking sale of Shell’s stake in Malampaya
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 Malampaya Deep Water Gas-to-Power Project.
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DOE seeks 20% fuel discount for WPS fishing vessels, urban poor
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.
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Malampaya gas restriction de-rates Ilijan plant’s power generation
The recurring gas production restriction from the Malampaya field will de-rate anew the electricity generation of the 1,200-megawatt Ilijan gas-fired power facility in Batangas, one of the biggest power plants in the country.
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San Miguel re-evaluates interest in Malampaya
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project.
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Cusi sees edge for Udenna in purchase of Shell’s Malampaya stake
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 Philippines Exploration B.V. (SPEX) in the Malampaya gas field asset.
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Gov’t starts studying Malampaya buyout proposal – 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 Exploration B.V. (SPEX) in the Malampaya gas field venture.
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Energy multinationals’ exodus blunts PH quest for another Malampaya
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.
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Gov’t confirms sale of Shell’s 45% Malampaya stake
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.
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Shell subsidiary plans sale of 45% stake in Malampaya
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.