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Philippines rattled by gas supply volatility [Gas in Transition]

Philippines rattled by gas supply volatility [Gas in Transition]
naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.

Shell Philippines Exploration , Anglo Dutch Shell , ஷெல் பிலிப்பைன்ஸ் ஆய்வு , ஆங்கிலோ டச்சு ஷெல் ,

Shell divests Philippine gas stake


Shell divests Philippine gas stake
Shell has agreed to sell its stake in Malampaya, the Philippines’ largest productive gas field, as the major continues an aggressive programme of divestments
Shell has signed an agreement to sell all of its Shell Philippines Exploration subsidiary to Philippine conglomerate Udenna Corporation. The subsidiary operates Malampaya and holds a 45pc stake in the Service Contract 38 block, which includes the Malampaya field.
Udenna has agreed to pay Shell an initial $380mn, plus additional payments of up to $80mn over 2022-2024, depending on the asset’s performance and commodity prices. Subject to approvals, the deal is expected to be completed by the end of this year. The purchase will raise Udenna’s stake to 90pc, with state-owned Philippine National Oil Company retaining 10pc. ....

Philippine National Oil Company , Udenna Corporation , Service Contract , Shell Philippines Exploration , பிலிப்பைன் தேசிய எண்ணெய் நிறுவனம் , சேவை ஒப்பந்த , ஷெல் பிலிப்பைன்ஸ் ஆய்வு ,

Shell to exit Malampaya gas field offshore Philippines


Shell to exit Malampaya gas field offshore Philippines
21 May 2021 (Last Updated May 21st, 2021 10:54)
Royal Dutch Shell has signed a $460m deal to sell its stake in a gas field offshore the Philippines to Malampaya Energy XP.
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Royal Dutch Shell has finalised an agreement to divest its stake in Malampaya gas field in the Philippines to Malampaya Energy XP for up to $460m.
Malampaya Energy XP, which is a subsidiary of Udenna, will acquire a stake in Shell Philippines Exploration (SPEX) from Shell subsidiary Shell Petroleum.
SPEX owns a 45% stake in Service Contract 38 (SC38), a deepwater licence that comprises the Malampaya gas field. ....

Batangas City , Wael Sawan , Malampaya Energy , Royal Dutch Shell , Shell Petroleum , Philippines To Malampaya Energy , Philippine National Oil Company Exploration Corporation , Service Contract , Shell Philippines Exploration , படங்கங்கள் நகரம் , வேல் சாவன் , அரச டச்சு ஷெல் , ஷெல் பெட்ரோலியம் , பிலிப்பைன் தேசிய எண்ணெய் நிறுவனம் ஆய்வு நிறுவனம் , சேவை ஒப்பந்த , ஷெல் பிலிப்பைன்ஸ் ஆய்வு ,