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“We have no choice but to carry on with the drilling activities because the Sampaguita gas discovery in Recto Bank has the potential to energize the entire national grid – not just Luzon – for the next 20 to 30 years,” Surigao del Sur Representative Johnny Pimentel, chairman of House strategic intelligence committee, said.
Controversial Malampaya deal undergoes ‘fine-toothed’ scrutiny before sale
The ongoing query on the Malampaya transaction is not in the realm of publicity stunt. And, it’s nowhere near political grandstanding. The Malampaya transaction, controversial as it now appears, is not an ordinary, regular financial transaction. In my opinion, the buy-out is a financial transacti
Surigao del Sur Rep. Johnny Pimentel has called for the Department of Energy (DOE) to assure the “seamless transfer” of Malampaya’s day-to-day gas business amid calls for a probe of Shell Petroleum B.V.’s $460 million operator switch to Udenna Corp. “We are counting on a smooth handover with zer
Following Shell’s decision to sell its stake in Shell Philippines Exploration B.V. (SPEX), a House Committee on Good Government and Public Accountability vice chairman on Sunday asked the Department of Energy (DOE) to ensure the “seamless transfer” of Malampaya’s day-to-day gas business. Surigao del Sur Rep. Johnny Pimentel made the…