Sen. Sherwin Gatchalian said the Senate may request the Commission on Audit (COA) to do a full “fraud audit” on the Department of Energy (DOE) and attached agency Philippine National Oil Company...
The Integrated Bar of the Philippines (IBP) called for the cancellation of a 45% stake in the Malampaya project to Udenna Energy Corp. and delay the final approval of another 45% this...
Senators are gearing up for an inquiry to the controversial deal involving the “prized” Malampaya gas project. Senate President Pro Tempore Ralph Recto voiced concerns regarding pursuing the probe full time as...
Surigao Del Sur Rep. Johnny Pimentel slammed the proposal of several groups urging the government to buy the 45% operating stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field,...
Davao-based tycoon Dennis Uy himself disclosed that his Udenna subsidiaries have a $191 million capitalization fund, contradicting allegations that Udenna has a negative working capital of $100 million when they acquired 90%...
Several business groups have expressed their support for the Senate Committee on Energy’s probe into Udenna Corporation’s acquisitions of Chevron and Shell Philippines Exploration B.V’s (SPEX) shares in the Malampaya gas project,...
Sen. Sherwin Gatchalian debunked the Department of Energy’s (DOE) allegations that the Senate Committee on Energy, which he chairs, is “causing undue delay to the timeline of the Malampaya consortium corporations” in...
Udenna Corporation of Davao-based tycoon Dennis Uy has broken its silence defend its acquisitions of Chevron’s and Shell Philippines Exploration B.V.’s (SPEX) combined 90% stake in the Malampaya gas project. Based on...
First Gen Corporation’s 97-megawatt (MW) Avion dual-fuel power plant in Batangas City is now back in full commercial operation for both natural gas and liquid fuel. In a disclosure to the Philippine...
While recognizing the challenges facing the country’s geothermal sub-sector, Sen. Sherwin Gatchalian wants the renewable energy technology to become “sexy” or attractive once again in the eyes of investors. Speaking at the...
