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Dennis Uy seeks Malampaya takeover with gov t after Shell exit

As a result, Dennis Uy will go head-to-head with other tycoons, Ramon Ang and Manuel V. Pangilinan, for the stake......»»

Category: financeSource: philstar philstarSep 28th, 2020

Udenna to exercise right to buy Malampaya stake

Udenna Corp., controlled by businessman Dennis Uy, said Monday it will exercise its right as a member of the Service Contract 38 consortium to acquire the 45-percent stake of Shell Philippines Exploration B.V. in the $4.5-billion Malampaya natural gas project......»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2020

Udenna Corp. of Dennis Uy wants to buy Shell s 45% stake in Malampaya

Udenna Corp.,  controlled by businessman Dennis Uy, on Monday expressed interest in acquiring the 45-percent stake of Shell Philippines Exploration B.V. in the Malampaya gas-to-power project......»»

Category: financeSource:  thestandardRelated NewsSep 28th, 2020

Shell stays as Malampaya lead

Despite businessman Dennis Uy’s Udenna Corp.’s buy out of all the shares of its consortium partner Chevron Malampaya LLC, Shell Philippines said Thursday it would remain the operator of the Malampaya gas field in offshore Palawan. Under the joint deal for the Malampaya consortium, Pilipinas Shell communications manager Cesar Abaricia said Shell Philippines Exploration BV […] The post Shell stays as Malampaya lead appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 13th, 2020

MVP confirms interest in Malampaya

Business tycoon Manuel V. Pangilinan has confirmed his interest in acquiring the Shell Philippines Exploration B.V. (SPEX)’s stake in the Malampaya project, through PXP Energy Corp......»»

Category: newsSource:  philstarRelated NewsOct 26th, 2020

PXP Energy keen on Shell& rsquo;s stake in Malampaya project

PXP Energy Corp., an oil and gas exploration company led by businessman Manuel Pangilinan, plans to bid for the 45-percent stake of Shell Philippines Exploration B.V. in the $4.5-billion Malampaya gas-to-power project in northwest Palawan......»»

Category: sportsSource:  abscbnRelated NewsOct 26th, 2020

Arbitral tribunal postpones Malampaya tax proceedings

The International Center for Settlement of Investment Disputes said Monday it suspended the proceedings on the arbitration case filed by Shell Philippines Exploration B.V. against the Philippine government over the Malampaya gas project’s corporate income tax issue to March 2021......»»

Category: financeSource:  thestandardRelated NewsOct 5th, 2020

Shell mulls over sale of 45% stake in Malampaya project

Shell Philippines Exploration B.V., the operator of Service Contract 38 off northwest Palawan, plans to divest its stake in the Malampaya natural gas project......»»

Category: financeSource:  thestandardRelated NewsSep 24th, 2020

DOTr seeks conclusion of Davao airport project deal with Chelsea

The Department of Transportation eyes to wrap up negotiations with Dennis Uy’s Chelsea Logistics Holdings Corp. this month for its unsolicited proposal to modernize the Davao International Airport......»»

Category: financeSource:  philstarRelated NewsSep 16th, 2020

Ardina seeks LPGA redemption

Two 78s at Inverness Club in Toledo marred Ardina’s attempt to reinforce her ranking in the “reshuffle category” in the LPGA Players standings for regular members but the Canlubang pro is doing her darnest best to turn that early exit into some kind of motivation in the $1.7 million event unfolding Thursday at the Highland Meadows Golf Club......»»

Category: sportsSource:  philstarRelated NewsAug 5th, 2020

INAEC helps avert Malampaya closure

INAEC Aviation Corp. helped avert a disruption in the operations of the $4.5-billion Malampaya gas-to-power project by mounting charter flights to and from Palawan for frontliners of Malampaya project operator Shell Philippines Exploration B.V. .....»»

Category: financeSource:  thestandardRelated NewsJun 11th, 2020

Malampaya restricts supply of natural gas

The Energy Department said Friday the Malampaya gas field in northwest Palawan operated by Shell Philippines Exploration B.V. is restricting supply to natural gas-fired power plants to normalize pressure in the pipeline. .....»»

Category: financeSource:  thestandardRelated NewsJun 6th, 2020

DOE warned vs buying P2.8-B Malampaya shares

The Bayan Muna group warned Energy Secretary Alfonso Cusi not to go on with plans of purchasing the P2.8 billion shares of tycoon Dennis Uy at the Malampaya consortium, and cautioned the official will be held accountable to the public about the supposed ‘risky investment.’.....»»

Category: newsSource:  thestandardRelated NewsMay 29th, 2020

DoE binalaan sa planong pagbili ng P2.8B shares sa Malampaya

BINALAAN ng Bayan Muna si Energy Secretary Alfonso Cusi na mananagot ito kapag itinuloy ang planong pagbili ng P2.8-B na halaga ng shares sa Malampaya consortium ni Dennis Uy dahil hindi umano ito napapanahon. Ayon kay Bayan Muna chairman Neri Colmeranes, maituturing na “senseless waste of public funds” ang pagbili ng shares sa harap ng […] The post DoE binalaan sa planong pagbili ng P2.8B shares sa Malampaya appeared first on Bandera......»»

Category: newsSource:  inquirerRelated NewsMay 29th, 2020

Malampaya continues to provide electricity to Luzon customers

Shell Philippines Exploration B.V said the Malampaya deep-water gas-to-power project continues to supply the power needs of Luzon in order to sustain the operations of hospitals and vital facilities amid the enhanced community quarantine......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2020

Udenna completes purchase of 45% Malampaya stake

Davao-based businessman Dennis Uy has completed his acquisition of Chevron’s 45 percent stake in the Malampaya natural gas project in offshore Palawan......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2020

U.S., Taliban sign historic deal on Afghanistan s future

DOHA, Qatar – The United States signed a landmark deal with the Taliban on Saturday, February 29, laying out a timetable for a full troop withdrawal from Afghanistan within 14 months as it seeks an exit from its longest-ever war. The agreement is expected to lead to a dialogue between the Taliban and ........»»

Category: newsSource:  rapplerRelated NewsFeb 29th, 2020

PCC OKs Udenna’s acquisition of Chevron’s Malampaya stake

Davao-based businessman Dennis Uy has obtained the green light from the Philippine Competition Commission to acquire Chevron’s stake in the Malampaya deep water gas to power project in offshore Palawan......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2020

Dennis Uy seeks gov t guarantee for P700-million loan

MANILA, Philippines – Dennis Uy's Chelsea Logistics and Infrastructure Holdings Corporation  confirmed that it is seeking a government guarantee to secure a P700-million loan for an acquisition of another vessel. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, February 17, Chelsea Logistics confirmed parts of a ........»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 2020

Dennis Uy’s Chelsea seeks government guarantee to cover P700-M loan

Dennis Uy-led Chelsea Logistics and Infrastructure Holdings Corp. confirmed Monday it was seeking government guarantee to help the company secure a loan to buy a new vessel......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2020

Chevron readies Malampaya exit

Chevron expects to complete its exit from the Malampaya deep water-gas-to-power project by the middle of the year......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2020