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The House Committee on Appropriations has directed the Department of Energy (DOE) to submit this month the copy of the share purchase agreement (SPA) that was signed between Shell Petroleum N.V. and Malampaya Energy XP Pte. Ltd. (MEXP) for the government to evaluate what are the rights and obligatio
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.
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…