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                    [ArticleID] => 137474
                    [Title] => Shell, Caltex likely to postpone IPOs
                    [Summary] => The initial public offering (IPO) of Pilipinas Shell Petroleum Corp. and Caltex (Philippines) Inc. may be postponed to the first quarter of 2002, Energy Secretary Vincent S. Perez said.


"I think, we are going to revisit the plan in the first quarter of 2002.   Bad market conditions are prevailing right now. How can we attract investors if we are in this situation," Perez told reporters in an interview.


Perez said there are a number of more important issues to be focused on by the oil firms aside from the IPO.


                    [DatePublished] => 2001-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
                (
                    [ArticleID] => 95755
                    [Title] => NDC, Caltex move closer to settling dispute
                    [Summary] => The National Development Company (NDC) and Caltex Philippines appear to be inching closer to a settlement of their lease dispute.


According to reliable government sources, the NDC has softened on its earlier stance to go ahead and institute legal proceedings against Caltex  for its refusal to vacate NDC properties after the expiration of a 25-year lease.


NDC, sources revealed, are now willing to work out a compromise with Caltex on the various lease agreements.


                    [DatePublished] => 2001-04-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96822
                    [Title] => Shell, Caltex to defer IPO
                    [Summary] => Two major oil players — Pilipinas Shell Petroleum Corp. and Caltex Philippines, Inc. — will request for a two to three year deferment of their initial public offering (IPO), which under the law should be undertaken next month.


"We are requesting for a flexibility period of two to three years," Shell country chairman Oscar Reyes, said, over the weekend. He said they have advised the government that given the current state of market right now, an IPO would not be favorable both to the government and the company.


                    [DatePublished] => 2001-01-22 00:00:00
                    [ColumnID] => 133272
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                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 89380
                    [Title] => ‘Big 3’ roll back fuel prices
                    [Summary] => Responding to the continued stability of crude prices in the world market, Caltex Philippines Inc. rolled back its pump prices for gasoline and diesel at noon yesterday, with top competitors Petron Corp. and Pilipinas Shell Petroleum Corp. following shortly.


Caltex, which was also the first among the "Big 3" to raise prices in October last year, reduced prices of gasoline products by 51 centavos per liter and diesel by 42 centavos per liter.


                    [DatePublished] => 2001-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Headlines
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NICHOLAS FLORIO

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                    [ArticleID] => 137474
                    [Title] => Shell, Caltex likely to postpone IPOs
                    [Summary] => The initial public offering (IPO) of Pilipinas Shell Petroleum Corp. and Caltex (Philippines) Inc. may be postponed to the first quarter of 2002, Energy Secretary Vincent S. Perez said.


"I think, we are going to revisit the plan in the first quarter of 2002.   Bad market conditions are prevailing right now. How can we attract investors if we are in this situation," Perez told reporters in an interview.


Perez said there are a number of more important issues to be focused on by the oil firms aside from the IPO.


                    [DatePublished] => 2001-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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            [1] => Array
                (
                    [ArticleID] => 95755
                    [Title] => NDC, Caltex move closer to settling dispute
                    [Summary] => The National Development Company (NDC) and Caltex Philippines appear to be inching closer to a settlement of their lease dispute.


According to reliable government sources, the NDC has softened on its earlier stance to go ahead and institute legal proceedings against Caltex  for its refusal to vacate NDC properties after the expiration of a 25-year lease.


NDC, sources revealed, are now willing to work out a compromise with Caltex on the various lease agreements.


                    [DatePublished] => 2001-04-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96822
                    [Title] => Shell, Caltex to defer IPO
                    [Summary] => Two major oil players — Pilipinas Shell Petroleum Corp. and Caltex Philippines, Inc. — will request for a two to three year deferment of their initial public offering (IPO), which under the law should be undertaken next month.


"We are requesting for a flexibility period of two to three years," Shell country chairman Oscar Reyes, said, over the weekend. He said they have advised the government that given the current state of market right now, an IPO would not be favorable both to the government and the company.


                    [DatePublished] => 2001-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 89380
                    [Title] => ‘Big 3’ roll back fuel prices
                    [Summary] => Responding to the continued stability of crude prices in the world market, Caltex Philippines Inc. rolled back its pump prices for gasoline and diesel at noon yesterday, with top competitors Petron Corp. and Pilipinas Shell Petroleum Corp. following shortly.


Caltex, which was also the first among the "Big 3" to raise prices in October last year, reduced prices of gasoline products by 51 centavos per liter and diesel by 42 centavos per liter.


                    [DatePublished] => 2001-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Shell, Caltex likely to postpone IPOs

By Donnabelle L. Gatdula | October 22, 2001 - 12:00am

The initial public offering (IPO) of Pilipinas Shell Petroleum Corp. and Caltex (Philippines) Inc. may be postponed to the first quarter of 2002, Energy Secretary Vincent S. Perez said. "I think, we are going...

Business

NDC, Caltex move closer to settling dispute

By Marianne V. Go | April 9, 2001 - 12:00am

The National Development Company (NDC) and Caltex Philippines appear to be inching closer to a settlement of their lease dispute. According to reliable government sources, the NDC has softened on its earlier stance...

Business

Shell, Caltex to defer IPO

January 22, 2001 - 12:00am

Two major oil players — Pilipinas Shell Petroleum Corp. and Caltex Philippines, Inc. — will request for a two to three year deferment of their initial public offering (IPO), which under the law should be...

Business

‘Big 3’ roll back fuel prices

By Donnabelle L. Gatdula | January 9, 2001 - 12:00am

Responding to the continued stability of crude prices in the world market, Caltex Philippines Inc. rolled back its pump prices for gasoline and diesel at noon yesterday, with top competitors Petron Corp. and Pilipinas...

Headlines