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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 Udenna, for the sale of its 100 percent shareholding in Shell Philippines Exploration B.V. (SPEX). S...

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 award honors customers who implement release prevention protocols, corrective action plans, and have...

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 Sajjad Ali Shah and Justice Yahya Afridi, on Wednesday took up the Shell’s petition, requesting the t...