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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: abscbn abscbnOct 26th, 2020

DOE reviewing Udenna& rsquo;s deal to buy Chevron& rsquo;s Malampaya stake

The Department of Energy is evaluating the transfer of the 45-percent stake of Chevron Malampaya LLC in the $4.5-billion Malampaya gas project in northwest Palawan to Udenna Corp. to determine if it complied with technical, legal and financial requirements, an official said Tuesday......»»

Category: financeSource:  thestandardRelated NewsNov 10th, 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

DOE reviews Chevron’s sale of Malampaya stake

The Department of Energy is reviewing the sale of Chevron Malampaya LLC's stake in the Malampaya deep water-to-gas power project to a unit of Dennis Uy’s Udenna Group......»»

Category: financeSource:  philstarRelated NewsNov 11th, 2020

DOE reviewing Udenna’s deal to buy Chevron’s Malampaya stake

The Department of Energy is evaluating the transfer of the 45-percent stake of Chevron Malampaya LLC in the $4.5-billion Malampaya gas project in northwest Palawan to Udenna Corp. to determine if it complied with technical, legal and financial requirements, an official said Tuesday.Energy Assistant Secretary Leonido Pulido III said during a Senate energy committee hearing […].....»»

Category: newsSource:  balitaRelated NewsNov 10th, 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

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 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

Cusi assures Malampaya& rsquo;s continued operation despite Galoc& rsquo;s shutdown

The Energy Department said Tuesday the $4.5-billion Malampaya natural gas project in northwest Palawan will continue to operate despite the low oil price regime that forced the Galoc oil field to announce the suspension of operation......»»

Category: financeSource:  thestandardRelated NewsJun 2nd, 2020

Energy allows Uy to review proposed natural gas project

The Energy Department allowed Tanglawan Philippine LNG Inc., controlled by Phoenix Petroleum Philippines, to “re-evaluate” its proposed liquefied natural gas project after Phoenix Udenna Corp. acquired a stake in the Malampaya gas project in northwest Palawan......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2020

Gov& rsquo;t again denies PXP& rsquo;s Malampaya takeover bid

The Energy Department denied the appeal filed by PXP Energy Corp., an exploration company controlled by the camp of businessman Manuel Pangilinan, to take over the $4.5-billion Malampaya natural gas project......»»

Category: financeSource:  thestandardRelated NewsJan 12th, 2020

Government eyes bigger stake in Malampaya

The government is increasing its stake in the Malampaya deep water gas-to-power project by exercising its right to match the offer of Dennis Uy’s Udenna Corp., Energy Secretary Alfonso Cusi said......»»

Category: financeSource:  philstarRelated NewsDec 18th, 2019

PNOC-EC purchasing 4.5% Malampaya stake for $56m

State-run PNOC Exploration Corp. said it will acquire an additional 4.5-percent stake in the Malampaya natural gas project for around $56 million as a part of its right of first refusal on the sale of Chevron Malampaya LLC’s 45-percent stake to Udenna Corp......»»

Category: financeSource:  thestandardRelated NewsDec 18th, 2019

DOE rejects PXP& rsquo;s offer to take over Malampaya

The Department of Energy said it denied the unsolicited proposal of listed oil and gas firm PXP Energy Corp. controlled by the camp of businessman Manuel Pangilinan to take over the operations of the $4.5-billion Malampaya gas project by 2024.....»»

Category: financeSource:  thestandardRelated NewsDec 2nd, 2019

Alfonso Cusi not keen on extending SC 38 for Malampaya project

Energy Secretary Alfonso Cusi is not keen on unilaterally extending service contract (SC) 38 covering the Malampaya gas project......»»

Category: financeSource:  philstarRelated NewsSep 19th, 2019

PCC allows Marubeni& rsquo;s stake in diesel plant

The Philippine Competition Commission approved the acquisition by Axia Power Holdings Philippines Corp., a subsidiary of Marubeni Corp., of a 50-percent stake in the 150-megawatt diesel power plant in Pililla, Rizal owned by ACE Endevor Inc., a wholly-owned subsidiary of AC Energy Philippines Inc......»»

Category: newsSource:  inquirerRelated NewsDec 2nd, 2020

AC Energy to build solar project in India

Ayala Corp.’s energy unit, AC Energy Inc., said Monday it will expand its renewable energy footprint in India with the development of the 70-MW Paryapt solar project, its second solar investment in the country......»»

Category: financeSource:  thestandardRelated NewsOct 20th, 2020

Malampaya output not enough for future expanded requirements

Gas supply from the Malampaya project will not be enough for future requirements such as expanding the application of natural gas to various sectors, the country’s energy chief said......»»

Category: newsSource:  philstarRelated NewsOct 14th, 2020

Probe into Malampaya gas field eyed

Due to its critical role in the country’s security, Senator Win Gatchalian on Wednesday sought a Senate probe on the depleting supply of the Malampaya gas field with the looming expiration of Service Contract 38, or the Malampaya Deep Water Gas-To-Power Project......»»

Category: newsSource:  thestandardRelated NewsOct 14th, 2020

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:  philstarRelated NewsSep 28th, 2020