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Philippines sets out offshore wind roadmap
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Several geothermal areas to open for direct applications in the Philippines
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20 May 2021 10:37 GMT Updated 20 May 2021 10:37 GMT in London
Shell has agreed to sell its operating stake in the giant Malampaya gas field offshore the Philippines in a deal worth up to $460 million.
Taking on the stake from the Anglo-Dutch supermajor is Malampaya Energy XP, a subsidiary of Udenna Corporation the latter a local company owned by Filipino tycoon Dennis Uy.
Through the deal, Shell is divesting its 100% shareholding in Shell Philippines Exploration (Spex), which holds a 45% operating interest in Service Contract 38, which hosts the deep-water producing Malampaya field.
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AG&P wins US$770 million in contracted projects
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Press release content from Business Wire. The AP news staff was not involved in its creation.
AG&P Construction Wins Over US$770 Million in Contracted Backlog
April 15, 2021 GMT
MANILA, Philippines (BUSINESS WIRE) Apr 14, 2021
Atlantic Gulf & Pacific Company (AG&P) and its subsidiaries are entering the second quarter of 2021 with a record backlog of contracted projects totaling over US$770 million covering various landmark initiatives in the Philippines, India, the US and elsewhere. The backlog includes work on behalf of five land or marine LNG terminals, a petrochemical complex, modularized oil refinery, an edible oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications. AG&P is also expected to secure additional projects in the LNG and power sectors within this year.