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The field was developed and currently operated by Shell Philippines Exploration B.V. (SPEX), under the Royal Dutch Shell; with joint venture partners - Chevron Malampaya LLC and Philippine National Oil Company Exploration Corporation. On November 13, 2019, the Dennis Uy-led Udenna Corp. acquired Chevron Philippines Ltd.’s 45% stake.
Offshore companies are used for a variety of commercial and private purposes, some legitimate and economically beneficial, whilst others may be harmful or even criminal. Allegations are frequently made in the press about offshore companies being used for money laundering, tax evasion, fraud, and other forms of white collar crime. Offshore ...
The Philippine government submitted information to the U.N. Commission on the Limits of the Continental Shelf on the extent of its undersea shelf in the South China Sea, off weste
A shelf corporation, shelf company, or aged corporation is a company or corporation that has had no activity. [1] It was created and left with no activity – metaphorically put on the "shelf" to "age". The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a ...
The Philippines filed a claim with the U.N. on Saturday to an extended continental shelf (ECS) in the South China Sea, a waterway where it has had increasingly confrontational maritime disputes ...
The offshore patrol vessel (OPV) was constructed by French shipbuilder OCEA S.A. under the "Philippine Ports and Coast Guard Capability Development" program of the Department of Transportation. She was based on the OPV-270 Mk II design. [9] The deal worth P5.6 billion (€97 million at the time) was signed in September 2014.
MANILA (Reuters) -The Philippines gaming regulator will cancel the licenses of offshore gambling firms, most of them Chinese owned, and will work with law enforcement agencies to completely stamp ...
The shipyard has also built parts of CALM buoys used for the Malampaya gas field offshore project. The shipyard also has two large dry docks. [3] In January 2019, the company filed for the largest bankruptcy in Philippine history with unpaid loan obligations amounting to US$412 million. [4]