Shell
- Natural Gas
- Sustainable Energy
Prime Infra unit assumes full ownership of Malampaya operator
Prime Infrastructure Capital Inc. (Prime Infra), through one of its subsidiaries, has completed its acquisition of the 45-percent operating stake in the Malampaya deep water gas-to-power project effective November 1, 2022. This after Prime Infra’s subsidiary assumed full ownership and control of Malampaya operator Shell Philippines Exploration B.V. (SPEX). The renaming of SPEX to Prime […]
- Natural Gas
- Sustainable Energy
DOE okays Prime Infra’s acquisition of Malampaya operator Shell Philippines Exploration B.V.
The Department of Energy’s (DOE) decision approving the transfer of shares of Malampaya operator Shell Philippines Exploration B.V. (SPEX) to a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra) marks the initial foray of Enrique K. Razon Jr’.s infrastructure arm into the upstream energy market, fulfilling its purpose to make better lives and resilient economies […]