Shell Philippines Exploration B.V. (SPEX), the local subsidiary of multinational giant Royal Dutch Shell plc, formally exits today, Nov. 1, from the multi-billion Malampaya gas field project, following sale completion of its 45-percent operating stake to Prime Infrastructure Capital Inc. (Prime Infr
Oil giant Shell remains keen on pursuing opportunities in the Philippines even after giving up its interest in the Malampaya deep-water gas-to-power project.
Razon-led Prime Infrastructure Capital Inc. will likely move its P28 billion initial public offering to the first quarter of next year given the continuing market rout brought about by scorching inflation and rising interest rates, industry sources said.