‘Shell divestment in Malampaya won’t affect power supply’
The divestment of Shell Philippines Exploration B.V.(SPEX) in the Malampaya deep water gas-to-power project will not affect the country’s gas and power supply, Energy Secretary Alfonso Cusi said.
Singapore oil trader Hontop’s bank debts close to being settled
China Wanda Group, the parent company of Singapore-based Hontop Energy, is close to settling the troubled oil trader’s disputes with two of its major lenders, according to people familiar with the negotiations.
Hengyi joint venture plans US$13.7 billion petrochemical expansion in Brunei
Hengyi Petrochemical is preparing for the US$13.65 billion second phase of its refining and petrochemicals joint venture in Brunei.
The Philippines: Shell Looking to Sell Malampaya Stake
Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country’s main island of Luzon, its local unit said on Thursday.
Philippines to open door to LNG imports with $1.34 billion terminal projects
The Philippine energy secretary has said four LNG import terminal projects worth about 65 billion pesos ($1.34 billion), which are at various stages of approval or financial closure, are still on track despite “minor delays” due to the pandemic.
Shell subsidiary plans sale of 45% stake in Malampaya
The Philippine upstream subsidiary of Royal Dutch Shell plc is planning to sell its 45-percent stake in the US$4.5 billion Malampaya deep water gas-to-power project if it can corner enticing offer from prospective takers.
The future of the country’s power sources: How renewable and clean energy can sustain the next generations
The future of energy is headed in the direction of a cleaner, more efficient, and sustainable sources. The world’s largest economies, led by Germany, Japan, and the United Kingdom, are rolling out plans to transition from coal to more sustainable energy sources, such as solar, hydro, geothermal, and wind energy.
AC Energy, Shell put on positive post-pandemic outlook
Six months into the COVID-19 pandemic, major energy players AC Energy and Pilipinas Shell Petroleum corporation look forward to emerging from the economic effects of the crisis.
