MALAMPAYA ENERGY XP PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about MALAMPAYA ENERGY XP PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
- No positive highlights identified
Negative highlights
- Is relatively new
- No employer brand presence on career platforms
- May not have contact information online
- No official business profile found on major search engines
Corporate Information
64202
Other holding companies
INVESTMENT IN UPSTREAM ENERGY AND BUSINESSES
Contact Information for MALAMPAYA ENERGY XP PTE. LTD.
MALAMPAYA ENERGY XP PTE. LTD.'s Business Reviews
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Public Preview of MALAMPAYA ENERGY XP PTE. LTD.
This is only a preview of the TrustScore results for MALAMPAYA ENERGY XP PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
Key Characteristics
- Established Identity: MALAMPAYA ENERGY XP PTE. LTD. has a clear mission, vision, and values but may still change or update its messaging to reflect growth or new goals.
- Growing Awareness: It has a recognisable presence in its niche or industry but is working to expand its market reach. May be investing more in advertising, social media and partnerships.
- Scaling Operations: The brand is investing in infrastructure, personnel and processes to support future growth.
- Expanding Offerings: MALAMPAYA ENERGY XP PTE. LTD. is capable of introducing new products, services, or features to meet customer needs.
- Building Loyalty: Focused on deepening and entrenching relationships with existing customers while attracting new ones.
- Adapting and aligning to feedback: MALAMPAYA ENERGY XP PTE. LTD. is actively employing customer insights and market trends to improve the business
Why It Matters
- MALAMPAYA ENERGY XP PTE. LTD. represents growth, adaptability, and potential within the other holding companies sector.
- Having moved beyond the initial startup phase after 4 years, it's positioning for long-term success.
- Its ability to evolve and innovate often determines whether it becomes an industry leader.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. MALAMPAYA ENERGY XP PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
MALAMPAYA ENERGY XP PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting MALAMPAYA ENERGY XP PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
MALAMPAYA ENERGY XP PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Udenna denies taking cash from Malampaya to pay for Chevron acquisition
Escalona further conveyed “the document was certified by the Philippine Consulate in Singapore and has been shared with relevant Philippine authorities; and I was made to understand that this has also been shared to the Senate body that investigated the transaction.” On the second transaction, the $460 million Udenna asset purchase of the 45-percent equity of Shell Philippines Exploration B.V. (SPEX) in the Malampaya venture’s Service Contract (SC) 38, Escalona qualified that the capitalization of their acquiring corporate vehicle – Malampaya Energy XP Pte. Ltd., was not $100, but $15 million. “The Malampaya XP Energy, which is acquiring Shell’s share in SC 38 consortium, has a current capitalization of $15 million for the business registered in Singapore. This has also been certified by the Philippine consulate in Singapore and shared with the relevant authorities in the Philippines, including the Philippine Senate,” he said.
18 November 2021
Udenna bought Chevron’s share in March 2020 for $565 million. The DOE approved the transaction last April. The department is under the Senate’s intense scrutiny after learning that Malampaya Energy XP Pte. Ltd. (MEXP), the Udenna subsidiary that won the bidding to purchase Shell’s 45%, only had $100 (around Php5,000) in capitalization. Udenna announced in May that MEXP bought Shell Philippines Exploration B.V. for $460 million, reportedly with financing from four foreign banks.
Udenna bought Chevron’s share in March 2020 for $565 million. The DOE approved the transaction last April. The department is under the Senate’s intense scrutiny after learning that Malampaya Energy XP Pte. Ltd. (MEXP), the Udenna subsidiary that won the bidding to purchase Shell’s 45%, only had $100 (around Php5,000) in capitalization. Udenna announced in May that MEXP bought Shell Philippines Exploration B.V. for $460 million, reportedly with financing from four foreign banks.
Lawmaker wants transparency in Malampaya sale review
Earlier this week, DOE Secretary Alfonso Cusi said the transaction between SPEX and Malampaya Energy XP Pte Ltd., a subsidiary of Udenna, was still under evaluation by the agency. “As far as the government is concerned, it’s not yet final until they comply with the requirement of the government,” Cusi said in an interview in ANC’s Headstart. The approval of the transaction is in accordance with Presidential Decree 87 otherwise known as the Oil Exploration and Development Act of 1972.
Udenna unit set to end 7-year pause in Malampaya exploration
Udenna Corp. subsidiary Malampaya Energy XP Pte Ltd. on Friday said they were raring to pick up the slack left by exiting petroleum giants Shell and Chevron who did not drill new wells at Malampaya in the past seven years, adding that this could be done with their “own” team and funds. “What Malampaya Energy brings [into the Malampaya project] is not only our own highly qualified team with hundreds of years of combined upstream experience, but also the agility and willingness to invest in growth together with our SC38 [or Petroleum Service Contract No. 38] partner PNOC-EC,” Belinda Racela said in a statement. Racela was referring to state firm PNOC Exploration Corp., which holds a 10-percent stake in the Malampaya consortium.
24 July 2021
Udenna warns of ‘gas supply deficiency’ at Malampaya field starting next year
“The country will surely be short of natural gas by 2022 and further exacerbate the worsening electricity situation,” the Uy-led Malampaya Energy XP Pte Ltd has explicitly laid down in a statement sent to the media. The gas output deficiency of the Malampaya field started escalating on its warning signs this year – given the recurring ‘gas restriction’ predicaments of the facility that resulted in de-rated electricity generation of the country’s gas-fired plants. With that inevitable production snag that the gas field will be distressed with, Malampaya Energy indicated that it will “support the government’s yearning for energy security,” hinting that it will be the one to pursue fresh round of drillings that could possibly shore up the gas field’s output as well as extend its production life cycle.
19 July 2021
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.