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The Department of Energy (DOE) has tapped technical and financial advisers that will clear the way for the sale of the operating stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya asset to Prime Exploration Pte. Ltd., which is owned by billionaire Enrique Razon. Tapped as Chai

Energy Secretary Raphael Lotilla on Wednesday said the Philippine National Oil Company Exploration Corp.’s (PNOC-EC) review of Razon-led Prime Infrastructure’s planned purchase of an operating stake in the Malampaya natural gas-to-power project is on track.

The Department of Energy has given its assurance that a decision on the Malampaya stake sale will be made within the year.

The Department of Energy (DOE) said Thursday the review of the Malampaya deals will be finished and resolved within the year, with the Philippine National Oil Co.-Exploration Corp. (PNOC-EC) likely to approve the investment deal of Prime Infrastructure Capital Inc. (Prime Infra). “The schedules are quite tight. Even if we…

Malampaya Energy XP Holdings (MEXP), a subsidiary company of Udenna Corporation of businessman Dennis Uy, does not hold any firm interest yet on the 45-percent operating stake in the country’s commercial gas field because its acquisition deal with Shell Philippines Exploration B.V. (SPEX) had not be

Prime Infrastructure Capital Inc. of tycoon Enrique Razon has tapped a former official of Shell Philippines Exploration B.V. to head its exploration unit, which is poised to take control of the Malampaya deep-water gas-to-power project.

The former general manager and managing director of Shell Philippines Exploration B.V. (SPEX) has joined a Razon-led firm that made an offer to be the new operator of the Malampaya gas field. Prime Infrastructure Capital Inc. (Prime Infra) has appointed Sebastian C. Quiniones Jr. as the general manager of Prime…

One of the major undertakings expected of Energy Secretary Raphael “Popo” Lotilla will be late-life and decommissioning concerns that come with the ageing of the Malampaya-Camago deep water gas-condensate fields.

As issues are raised that businessman Dennis Uy cannot legally sell the 45 percent operating stake in the Malampaya project because its deal with Shell Philippines Exploration B.V. (SPEX) was never consummated, Energy Secretary Raphael Perpetuo M. Lotilla is taking a hands-off position and will le

(MV) — Several concerned Filipino citizens, including those living abroad, are opposed to a proposed deal that will transfer the ownership of the Malampaya gas field to a company whose