Oil İndustry, Philippine Tycoons, Business, Industries

Oil İndustry, Philippine Tycoons

Dennis Uy wants entire Malampaya gas field after Shell exit

Dennis Uy's Udenna Corporation says it is the most suitable party to assume Shell's 45% stake. Ramon Ang and Manny Pangilinan earlier eyed the Malampaya project.

9/28/2020 11:09:00 AM

Dennis Uy's Udenna Corporation says it is the most suitable party to assume Shell's 45% stake. Ramon Ang and Manny Pangilinan earlier eyed the Malampaya project.

Dennis Uy's Udenna Corporation says it is the most suitable party to assume Shell's 45% stake. Ramon Ang and Manny Pangilinan earlier eyed the Malampaya project.

Udenna has a45% interestin Malampaya, which it got after buying Chevron's stake in 2019. State-owned Philippine National Oil Company-Exploration Corporation (PNOC-EC) holds the remaining 10%.In a statement on Monday, September 28, Udenna Group spokesperson Raymond Zorrilla said Shell's transfer of interest in Malampaya"needs to be resolved as soon as possible" to ensure reliable operations and certainty for the local workforce, stakeholders, and customers.

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Zorrilla also noted that Shell selling to another company outside of the consortium may lead to"complicated issues" and evaluations, ultimately taking up more time.In 2019, tycoons Manny Pangilinan and Ramon Ang were eyeing involvement in the Malampaya project. Both have interests in energy.

Pangilinan owns the Manila Electric Company, while Ang controls Petron Corporation."We are keen to pursue this vision even with Shell's exit, and that we, together with PNOC-EC, are the most suitable party to assume Shell's interest. We will exercise this right as provided in our joint venture agreement," Zorrilla said.

He added that both Udenna and PNOC-EC are"free of any conflicts of interest associated with ownership of downstream gas and electricity businesses."The Malampaya project started operations in 2001. It hasa total of P260 billion for the Philippine government, based on latest government data.

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Biglang yaman this guy. Wonder how risahontiveros this has national security implications. Please have this investigated. Who or what is supporting Udenna in this endeavour? thanks. Nobody told him Malampaya is dying in 7-9years? Yan na anv simula Yung iba na may gas and oil resources, napapayaman ang bansa nila. Dito, sa bulsa lang ng mga politiko at ng mga cronies nila. Hindi tayo aangat nito. Mahirap tayo kasi puro gago binoboto natin.

nakautang na ulit sa WB yung sponsor Payaman na a talaga friends ni RRD_Davao. Galit sa oligarch si dutertae. Hala ka. Wag na, Uy. Wa-wag na, wag na, Uy. Dummy Maybe ang malampaya ang kukunin na kabayaran ng china for all ph debt. Just likw what it did to sri lanka Tangina talaga tong beho na to. Sana atakihin sa puso tong baboy na to.

Lubog na nga sya utang, hindi kumikita ang mga kumpanya nya, saan sya kukuha ng pera? Sa confidential and intelligence funds? Attention Shell Corp. You might be next to say bye-bye? 🤔🤨😠😡🤬 This is how GMA got her cash and how govt crooks will get theirs. Malampaya royalties go straight to the Treasury & into the office of the president.

Natural Gas extracted from malampaya is nearing depletion. Why would a chinese businessman be interested? Go figure. Tuta ng tsina China is his secret fund source. He is a dummy in the rape of the WPS by the Chinese. Di kaya dummy lang ni tatang?😡 GAHAMAN. Syempre, laki ng lagay at malakas ang kapit so no problemo for him yan. 🙄

Andaming pera! Wala bang BIR sa inyo? Thank you, 16M voters. Galit daw sa oligarchy pero hinahayaan ito. Wow. How rich is he? Or how rich is the person behind him 🤐 He can afford it. may taniman ba ng pera yan...bili dito bili doon, diversified businesses, kahit saan nag invest...wow yamannnn Mahinang nilalang si Cayetano kung ikukumpara kay Dennis Uy

Daming pera... Eto talaga ang pinaka QUESTIONABLE na oligarch pero protektado ng poon. Hahaha Seee? Told 'ya Tuta ng tsina One lucky guy?! 🙄 Enjoying the protection and privileges of Duterte's administration! The oligarchs as called by Duterte have built their business empire for how many decades! But, this man Dennis Uy he built his business empire in less than 10 years! How?!!

Daanin sa proseso wag sa palakasan Ang yaman ni du30! 🤡🤡👊 vincedavidsonjp magictsalap lam na this hahahahahahahahahaha Duterte - Uubusin ko kayong mga Oligarchs... Also Duterte - I want to help my rich friends to be richer Dutertes dummy

Dennis Uy, PNOC-EC interested to acquire Shell stake in Malampaya - Manila Bulletin Business man Dennis Uy has formally indicated that his company Udenna Corporation, along with state-run Philippine Nationa Oil Company-Exploration Corporation (PNOC-EC), are interested to acquire the 45-percent stake being unloaded by Shell Philippine Exploration B.V. (SPEX) in the multi-billion dollar Malampaya gas field project. He said Uy’s company will acquire the […] China salivating over the deal This face had everything(pampered), still have shitty face.

Dennis Uy, PNOC-EC interested to acquire Shell stake in Malampaya - Manila Bulletin Business man Dennis Uy has formally indicated that his company Udenna Corporation, along with state-run Philippine Nationa Oil Company-Exploration Corporation (PNOC-EC), are interested to acquire the 45-percent stake being unloaded by Shell Philippine Exploration B.V. (SPEX) in the multi-billion dollar Malampaya gas field project. He said Uy’s company will acquire the […] China salivating over the deal This face had everything(pampered), still have shitty face.

Udenna eyes partnering with PNOC to buy Shell's stake in MalampayaPNOC ang bibiIi, Udenna naging parter. Ayos sa bubwit, puro utang na ito... Maghanda after 2022, taong bayan na naan magbabayad ng Iahat In pnoc my issue before of china part also now partner with udennA.wala na china na lahat

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