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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: thestandard thestandardSep 28th, 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

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

Dennis Uy’s Udenna Corp. acquires Chevron’s 45% Malampaya stake

Dennis Uy-led Udenna Corp. announced Wednesday it acquired Chevron Philippines Ltd.’s 45% stake in the $4.5 billion Malampaya deep water-gas-to-power project, continuing the expansion of the Davao-based businessman’s empire......»»

Category: newsSource:  philstarRelated NewsNov 13th, 2019

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

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

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

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

Chevron expects to complete sale of Malampaya assets in 1st half

Chevron Corp. said it expects to close the sale of its Malampaya assets in northwest Palawan to Udenna Corp. controlled by businessman Dennis Uy within the first half......»»

Category: financeSource:  thestandardRelated NewsJan 20th, 2020

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

PCC starts review of Udenna purchase of Malampaya stake

The Philippine Competition Commission (PCC) is preparing its review of Udenna Corp.’s acquisition of Chevron Philippines Ltd.’s 45 percent stake in the Malampaya gas field after being notified of the transaction......»»

Category: financeSource:  philstarRelated NewsDec 12th, 2019

Dennis Uy now owns almost half of Malampaya gas field

MANILA, Philippines – Rising tycoon Dennis Uy now owns almost half of the Malampaya gas field after buying the 45% stake of Chevron Philippines in the facility. In a statement on Wednesday, November 13, Uy's Udenna Corporation said its subsidiary, UC Malampaya Philippines, fully acquired shares ........»»

Category: newsSource:  rapplerRelated NewsNov 13th, 2019

Senator dares Udenna to show expertise to run Malampaya gas

Senator Sherwin Gatchalian challenged Udenna Corp. over the weekend to show its technical capability to operate the $4.5-billion Malampaya gas-to-power project in northwest Palawan......»»

Category: financeSource:  thestandardRelated NewsOct 12th, 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

PH Resorts set to proceed with P1.125-b share sale in October

PH Resorts, the gaming and hospitality unit of Dennis Uy’s Udenna Corp., will proceed with a P1.125-billion share sale in October......»»

Category: financeSource:  thestandardRelated NewsSep 7th, 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

Udenna takes over Chevron stake in Malampaya

Udenna takes over Chevron stake in Malampaya.....»»

Category: financeSource:  bworldonlineRelated NewsMar 11th, 2020

Udenna completes Malampaya deal

Udenna Corp. said wholly-owned subsidiary UC Malampaya Philippines Pte. Ltd. completed the acquisition of Chevron Malampaya LLC, which holds a 45-percent non-operating interest in the Malampaya natural gas project......»»

Category: financeSource:  thestandardRelated NewsMar 11th, 2020

Udenna seals purchase of Chevron Malampaya

Udenna Corporation, through its wholly owned subsidiary UC Malampaya Philippines Pte Ltd. has completed acquisition of Chevron’s stake in the Malampaya gas project in Palawan. Chevron holds a 45 percent non-operating interest in Service Contract 38 in the Philippines, also known as the Malampaya natural gas project. The purchase enabled Udenna to become a joint […] The post Udenna seals purchase of Chevron Malampaya appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 11th, 2020