Wednesday, December 4, 2024
Chevron closes sale of gas project in Philippines -oilandgas360

Chevron closes sale of gas project in Philippines

Off Shore Energy Philippines-based Udenna Corporation has completed the acquisition of Chevron’s interest in Service Contract 38 in the Philippines, also known as the Malampaya natural gas project. Udenna’s subsidiary, UC Malampaya Philippines Pte Ltd., in October 2019 signed a sale and purchase agreement to acquire 100% of the shares of Chevron Malampaya, a subsidiary of Chevron Philippines, which holds

Southern Company Gas Assures Customers Safe and Reliable Service Will Continue During COVID-19 Pandemic

ATLANTA, March 14, 2020 /PRNewswire/ — As the impacts of the new coronavirus (COVID-19) grow, Southern Company Gas and its local distribution companies Atlanta Gas Light, Chattanooga Gas, Nicor Gas and Virginia Natural Gas are reassuring customers they have comprehensive plans and processes in place to address the implications of the outbreak while maintaining safe, affordable, reliable service.

mcdermott gets approval for reorganization plan -oilandgas360

McDermott gets approval for reorganization plan

Offshore Energy The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate $4.6 billion of debt. The company announced the confirmation of its plan of