Pilipinas Shell eyes up to 60 stations in 2023

PILIPINAS Shell Petroleum Corp. is targeting to put up between 40 and 60 new service stations each year until 2025, its top official said last week.

“For our stations, we have over 1,100 stations at the end of mid-last year and we will continue to grow that by 40 to 60 sites year on year until 2025,” Pilipinas Shell Petroleum President Lorelie Q. Osial told reporters.

To achieve its target expansion, Ms. Osial said the company is planning to have five import-range terminals, with its fifth terminal expected to be put up this year.

“We have committed to having five import-range terminals, we broke ground for the fourth one last year and we are looking forward to announce the fifth one. We will announce it in 2023,” she said.

Ms. Osial said the investment cost for the target expansion would be “a lot” but declined to disclose specific figures.

“[What] I can only disclose right now is the 40-60 [service stations]. It’s 40-60 per year until 2025,” she said.

She said the full effect of Russia’s war on Ukraine on the Philippines’ oil prices remains to be seen but described the ongoing conflict as a big disruptor, causing volatility.

“Macroeconomic

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED NORMA P. MERMEJO WITH DEED OF ABSOLUTE SALE.

KNOW ALL MEN BY THESE PRESENTS: That the late, NORMA PAREL MERMEJO who died intestate on December 1, 1997 at Carmen, Cagayan de Oro City, and left a certain parcel of land, with an improvement therein, the said property is co-owned with her spouse APOLIO S. MERMEJO acquired from the PAGLAUM SETTLERS ASSOCIATION, INC., Identified as , A PARCEL OF LAND with TCT No. T-124003 of the Register of Deeds for the City of Cagayan de Oro, situated in the Barrio of Carmen, City of Cagayan de Oro, Island of Mindanao, containing an area of SIXTY SIX (66) SQUARE METERS, more or less, registered in the name of PAGLAUM SETTLERS ASSOCIATION INC. And has been the subject of EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED NORMA P. MERMEJO WITH DEED OF ABSOLUTE SALE. NOW, THEREFORE, for and in consideration of the foregoing premises, invoking the provision of Section 1, Rule 74 of the Rules of Court, the parties hereto mutually agree, stipulate and covenant to adjudicate the afore-described property among themselves, and give the ownership, title, and possession of the whole property to Cindy Easther P. Mermejo. All heirs waive their share over the afore-described property Cindy Easther P. Mermejo, filed by the heirs of NORMA P. MERMEJO.

As per Doc. No. 342; Page No. 70; Book No. XIII; Series of 2022 under the Notarial Registry of ATTY. JESUS CARLO JOENIL A QUIRAP.

BWM: Jan 11, 18 & 25, 2023 conditions are still changing. Volatility is determined by market conditions [and] geopolitics. [I] can’t accurately guess the future,” she said.

Meanwhile, Ms. Osial said that the company continues to be interested in the renewable energy (RE) sector.

“You have seen that we also entered the renewable space. We signed joint ventures last year on solar, so we continue to progress,” she said.

According to the group’s website, Shell Overseas Investments B.V. in 2022 partnered with Emerging Power, Inc. in a joint venture that aims to contribute 1 gigawatt (GW) to the country’s energy system by 2028 by using alternative sources of energy.

In November 2022, Shell Overseas partnered with Alternergy Holdings Corp. to assess the feasibility of an offshore wind project in Calavite Passage for a potential capacity of 1 GW.

Aside from renewables, Ms. Osial said that the Shell group, through Shell Energy Philippines Inc., remains interested in the country’s liquefied natural gas (LNG) industry.

Shell Energy Philippines’ LNG project is one of the six

Extrajudicial Settlement Of Estate

KNOW ALL MEN BY THES PRESENTS: That the late LUZMIN LANCERO CAAGBAY, who died on November 1, 2015 in Madonna and Child Hospital, J.V. Seriña St., Carmen, Cagayan de Oro, Misamis Oriental, died without any will or testament and without any outstanding debts in favor of any person or entity, that at the time of her death, left a certain real property, A PARCEL OF LAND with TCT No. T-44475, situated in the City of Cagayan de Oro, containing an area of SEVEN HUNDRED SEVENTY TWO (772) SQUARE METERS, more or less. Is the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE, AGREEMENT made and entered into this 22nd day of DECEMBER 2021 by and among: MARILOU LANCERO CAAGBAYBERZA, of legal age, Filipino, and with residence and postal address at P-9 Dabong-dabong, Valencia City, Bukidnon; JUNE LANCERO CAAGBAY-STARKE, of legal age, Filipino, and with residence and postal address at Bahnhofstr. 51, 63500 Seligenstadt, Hessen, Germany. Registered in the name of LUIS F. LANCERO, JR., married to Corazon Lai Lancero and residents of Long Beach, California, U.S.A.; ROLANDO F. LANCERO, married to Leticia Abuton and resident of Ozamiz City; LUZMIN L. CAAGBAY, married to Pastor Caagbay, and resident of Cagayan de Oro City; EPHRAIM F. LANCERO, married to Virginia Estabillo and resident of Tagum, Davao; PRECIOUSA L. ROA, married to Waldo A. Roa and resident of Cagayan de Oro. THAT said deceased co-owned the abovedescribed property together with his siblings, and owned one-fifth (1/5) of it; Filed by the heirs of LUZMIN LANCERO CAAGBAY, as per Doc. No. 330; Page No. 67; Book No. VIII; Series of 2021 under the Notarial Registry of ATTY. JESUS CARLO JOENIL A. QUIRAP.

Jan 11, 18 & 25, 2023