Philippines' Udenna buying Chevron's stake in Malampaya gas project

Philippines' Udenna buying Chevron's stake in Malampaya gas project

Chevron brand logo, (from MBT)

Philippine oil and shipping group Udenna Corp said on Wednesday it has signed a deal to acquire the 45% interest of a Chevron unit in the country’s Malampaya gas-to-power project, subject to regulatory approvals.