Latest Breaking News On - Rozzanod briguez - Page 2 : comparemela.com
Dennis Uy firm s $100-capitalization in Malampaya acquisition questioned – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Malampaya sale to Udenna units a lost chance for gov t
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Today, I give you pain. Tomorrow, who knows?
For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway.
At the height of the lockdown period in March-May, the Department of Energy (DOE) announced that fuel demand plummeted by 60 to 70%; and the sector is still on sluggish recovery. Homogeneously, power demand also went down by up to 30% at the height of the pandemic’s whip during the summer months.
On investments’ terrain, it wasn’t a comfortable narrative for this administration to see the exodus of deep-pocketed investors in the sector. In March, it was American energy giant Chevron Corporation’s disengagement in the multi-billion Malampaya project after unloading its 45% stake to Udenna Corporation of businessman Dennis Uy. Coming in next is the anticipated exit also of Shell Philippines Exploration B.V. (SPEX), the project operator, in
vimarsana © 2020. All Rights Reserved.