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Gov't not involved in choosing buyer of Malampaya shares: Cusi

File photo MANILA - Department of Energy (DOE) Secretary Alfonso Cusi said the agency is not involved in choosing the buyer of shares of Shell and Chevron in the Malampaya gas field. "The DOE does not get involved in the sale (of shares). We don't know that they are selling. Our question was what their standards are for choosing Udenna. Why you didn't choose the big companies and why Udenna?" Cusi said in an online program of Daily Tribune Wednesday. He added the process of companies in choosing which firms to deal with follows global standards. Chevron Malampaya LLC and Shell Philippines Exploration B.V. (SPEX) sold their Malampaya shares of 45 percent each to units of Dennis Uy's Udenna Corp. "So it shows that he (Uy) qualified to all the standards set forth. If they choose that, what should we do? Can we say don't sell it to them?" Cusi said. But the energy chief said the DOE went beyond its mandate by reviewing the technical, legal, and financial ....

Chevron Malampaya , Department Of Energy , Dennis Uy Udenna Corp , Secretary Alfonso Cusi , Daily Tribune , File Photo Manila Department Of Energy Doe Secretary Alfonso Cusi Said The Agency Is Not Involved In Choosing Buyer Shares Shell And Chevron Malampaya Gas Field Quot Does Get Sale We Don 39t Know That They Are Selling Our Question Was What Their Standards For Udenna Why You Didn Choose Big Companies An Online Program Daily Tribune Wednesday He Added Process Which Firms To Deal With Follows Global Llc Philippines Explorationbv Spex Sold 45 Percent Each Units Dennis Uy 39s Corp So It Shows Qualified All Set Forth If , Hat Should We Do Can Say Don 39t Sell It To Them Quot Cusi Said But The Energy Chief Doe Went Beyond Its Mandate By Reviewing Technical , Nd Financial Aspects Of The Transactions And Provided This Information To Public Quot We Made That Decision Based On Our Findings Sale Is Valid , Uot He Said Moreover , Usi Said The Consortium Submitted Its Work Program For Malampaya Which Involves Drilling Activities To Pump More Gas And Stabilize Power Supply From Field In An Earlier Statement , He Doe Said The Inquiries In Senate On Sale Of Shares Spex And Chevron To Uy 39s Subsidiaries Is Causing Delay Work Program Consortium Quot This May Eventually Take Its Toll Put Our Energy Security At Risk , Uot It Said Pna ,

Gatchalian worried gov't entered into 'midnight deal' on Chevron-Udenna buyout

Senator Sherwin Gatchalian has raised alarm over the possibility that the government is entering into a midnight deal to extend the service contract of the Malampaya project with the gas field operator Shell Philippines Exploration B.V. (SPEX) by finalizing the transfer of its participating interest ....

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Philippine Tycoon Dennis Uy Gains Controlling Stake In Malampaya Gas Field

Philippine Tycoon Dennis Uy Gains Controlling Stake In Malampaya Gas Field
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Senator seeks security audit on Dito Telecommunity ahead of rollout

Senator seeks security audit on Dito Telecommunity ahead of rollout
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