PNOC-EC, Shell say Malampaya stake sale still on - BusinessWorld Online 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.
State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has withheld its consent on targeted transaction closing for the $460 million Malampaya stake divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Ltd. (MEXP), a subsidiary of Udenna Corporatio
PNOC-EC withholds consent to Malampaya deal - BusinessWorld Online 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.
‘Red flag’ is being raised anew by Senate Committee on Energy Chairman Sherwin T. Gatchalian on the financial capacity of cash-strapped Udenna Corporation to acquire the 45 percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas-to-power venture.
The Malampay
DoE urged to bid out O&M contract for Malampaya s continued operations – 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.