Page 18 - Shell Petroleum News Today

Share: Shell Petroleum, a subsidiary of Royal Dutch Shell, has agreed to sell its stake in Philippines Malampaya gas field to Philippines-based Udenna for at least $380 million Existing Subscriber? If you are an existing subscriber please sign in to read this article in full.Sign In Sign up for a free trial Register for free access to IJGlobal and realise the value of our asset and transaction databases, our market leading news, league tables and much more.Sign up for a free trial

Shell Petroleum N.V. has signed a deal with Malampaya Energy XP Pte Ltd, a subsidiary of Udenna Corporation, for the sale of its 100 percent shareholding in Shell Philippines Exploration B.V. (SPEX). Shell Petroleum N.V. has signed a deal with Malampaya Energy XP Pte Ltd, a subsidiary of Udenna Corporation, for the sale of its 100 percent shareholding in Shell Philippines Exploration B.V. (SPEX). The base consideration for the sale is $380 million, with additional payments of up to $80 million...

Published May 20, 2021, 5:33 PM Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority control in the country’s commercial gas field. In an announcement made by SPEX’s parent firm Royal Dutch Shell plc, it stated that its corporate vehicle Shell Petroleum N.V. signed an agreement with Uy’s Malampaya Energy XP Pte. Ltd., a subsidiary of Udenna Corporation for the pur...

Davaos Dennis Uy acquires Shells Malampaya stake enablePagination: false endIndex: Metro Manila (CNN Philippines, May 20) — Davao-based business tycoon Dennis Uy further cemented his status in the Philippine market, with a majority stake in the Malampaya gas facility now under his belt. Shell Petroleum N.V., in a statement on Thursday, said it has signed a sale-purchase agreement with Uys Malampaya Energy for the sale of its 100% shareholding in Shell Philippines Exploration B.V. or SPEX. S...

Shell inks $380 million deal for its Malampaya, Philippines gas field 5/20/2021 Shell Petroleum N.V. has signed an agreement with Malampaya Energy XP Pte Ltd (a subsidiary of Udenna Corporation), for the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX). SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field. The base consideration for the sale is US$380 million, with additional...

Shell is selling its interest in the Malampaya gas field to Malampaya Energy XP Pte Ltd., a subsidiary of Udenna Corp.

Shell sells Malampaya stake to Udenna Danessa Rivera © Bworldonline Shell sells Malampaya stake to Udenna MANILA, Philippines — Royal Dutch Shell has divested in the Malampaya deep water gas-to-power project after selling its stake to a unit of Udenna Corp. of Davao-based businessman Dennis Uy, which now owns 90 percent of the country’s major gas field. In a statement, Shell Petroleum N.V. said it has signed an agreement with Malampaya Energy XP Pte Ltd., a subsidiary of ...

63 Chem Shippers Reach UP Pinnacle 63 Chem Shippers Reach UP Pinnacle Written by Marybeth Luczak, Executive Editor UP presents its annual safety award to chemical customers who implement release prevention protocols, corrective action plans, and have zero non-accident releases of regulated hazardous materials shipments. Union Pacific (UP) has recognized 63 chemical shippers for their dedication to safety with the 2020 Pinnacle Award. The annual ...

Shell Petroleum had sought quashment of a reference against it for selling jet fuel to a company called Aero Lube.

SC issues notice to NAB in Shell case Orders trial court not to issue its verdict in a case related to allegedly illegal sale of jet fuel ISLAMABAD: The Supreme Court has issued notice to the National Accountability Bureau (NAB) over a petition filed by Shell Petroleum and ordered an accountability court in Karachi not to issue its verdict on a NAB reference that accuses the multinational company of illegal sale of jet fuel. A three-member bench, comprising Justice Umar Ata Bandial, Justice Saj...