DAESUNG E

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                    [ArticleID] => 273214
                    [Title] => Shell matches offer for PNOC-EC’s 4.9% stake in Malampaya
                    [Summary] => The consortium operating the $4.5-billion Malampaya deep water to gas power project led by the Shell Philippines Exploration B.V. (SPEX) will match the offer made by the group of LG International Corp. of Korea for the purchase of 4.9-percent stake of the PNOC-Exploration Corp. (PNOC-EC) in the project. 


In a disclosure to the Philippine Stock Exchange (PSE), PNOC-EC general counsel Elpidio Gamboa Jr.  said the SC 38 operator decided to exercise their right to match the offer of LG International. 


                    [DatePublished] => 2005-04-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 271529
                    [Title] => COP okays sale of government’s 4.9% stake in Malampaya project
                    [Summary] => The Committee on Privatization (COP) council has approved the sale of the 4.9-percent stake of PNOC-Exploration Corp. (PNOC-EC) in the $4.5-billion Malampaya deep water gas-to-power project to a Korean consortium led by LG International Corp. (LGI). 


PNOC-EC, a subsidiary of state-owned Philippine National Oil Co. (PNOC), owns a 10-percent interest in Service Contract (SC) 38 or the Malampaya project. The majority owners and lead operators of the Malampaya project are Shell Philippines Exploration B.V. (Spex) and Chevron Texaco. 


                    [DatePublished] => 2005-03-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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Shell matches offer for PNOC-EC’s 4.9% stake in Malampaya

By Donnabelle L. Gatdula | April 9, 2005 - 12:00am

The consortium operating the $4.5-billion Malampaya deep water to gas power project led by the Shell Philippines Exploration B.V. (SPEX) will match the offer made by the group of LG International Corp. of Korea for...

Business

COP okays sale of government’s 4.9% stake in Malampaya project

By Donnabelle L. Gatdula | March 24, 2005 - 12:00am

The Committee on Privatization (COP) council has approved the sale of the 4.9-percent stake of PNOC-Exploration Corp. (PNOC-EC) in the $4.5-billion Malampaya deep water gas-to-power project to a Korean consortium...

Business