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Philippine tycoons jostle for Shell's Malampaya stake - News for the Oil and Gas Sector


Philippine tycoons jostle for Shell’s Malampaya stake
Philippine business tycoons are eager to buy Shell’s stake in the deep-water Malampaya project. However, any potential suitors for the 45% interest, valued at between $250 million and $300 million by analysts at Rystad Energy, will need to bring strong technical skills to eek more gas out of the aging field.
© Bloomberg
In the limelight: Shell
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SMC allots ₱1B for free COVID-19 vaccination of employees


(FILE PHOTO)
Metro Manila (CNN Philippines, February 23) Conglomerate San Miguel Corporation is spending close to ₱1 billion to fund a program that would vaccinate for free all its 70,000 employees and extended workforce against COVID-19.
In a statement on Tuesday, SMC said the company is “currently laying the groundwork” for its vaccination strategy.
The vaccines will be administered to employees on a voluntary basis, but SMC President Ramon S. Ang expressed hope that all eligible employees will sign up to get inoculated once the products become available.
“Our program is in line with our core value of malasakit and aims to create a safe and healthy workplace so that we can further contribute to our country’s economic recovery,” Ang said. ....

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SMC: ₱740-B Bulacan airport up and running by 2025


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Metro Manila (CNN Philippines, January 14) Conglomerate San Miguel Corporation is targeting to make the ₱740-billion Bulacan airport operational by 2025, its top official said.
SMC President and Chief Operating Officer Ramon S. Ang on Thursday said initial works have started for the construction of the massive New Manila International Airport or NMIA.
In a statement, he said the opening of the gateway is set for 2025.
Two major expressways connecting to the airport will also open by 2023, the tycoon added. Several road projects have long been laid out by SMC since last year to complement the NMIA.
The Bulacan air hub is being eyed to decongest the country s main gateway Ninoy Aquino International Airport, as this is designed to accommodate up to 100 million flyers annually. The NMIA will be constructed with four runways, eight taxiways, and three passenger terminals. ....

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