Pangilinan-led PXP Energy Corporation is seeking anew the imprimatur of the government to recommence its targeted petroleum exploration activities at the “unsettled waters” of the West Philippine Sea. “PXP and Forum will continue to coordinate with the government on the resumption of...
Pangilinan-led PXP Energy Corporation has revived talks with a prospective Chinese partner on its targeted oil and gas exploration venture at Recto Bank, a petroleum block deemed to be part of the disputed territory in the West Philippine Sea. PXP Energy Chairman Manuel V. Pangilinan, nevertheless,...
PXP Energy Corporation, an upstream petroleum company chaired by business tycoon Manuel V. Pangilinan, will be renewing its coordination with the government on its plan to resume oil and gas exploration activities within offshore Palawan basin -- including that of the diplomatically-saddled Recto...
Following the government’s announcement that it already terminated its joint oil exploration talks with China, the Department of Energy (DOE) indicated that Pangilinan-led PXP Energy Corporation can now proceed with its oil and gas exploration activities at the Recto Bank. In a statement to the...
Pangilinan-led PXP Energy Corporation has affirmed declaration of force majeure on its programmed exploration activities at petroleum blocks in diplomatically-contested domains, including Recto Bank at the West Philippine Sea (WPS), following a recent order by the Department of Energy suspending...
After string of losses in recent years, Pangilinan-led PXP Energy Corporation is finally showing green shoots of recovery to profitability, with a consolidated net income of P14 million in the first half of this year, a reversal of the P56.3 million losses posted in the same period last year. On a...
Pangilinan-led PXP Energy Corporation is now ready to advance on its drilling plan for two exploratory wells at its awarded oil and gas block at the Recto Bank, a petroleum basin under Service Contract (SC) 72 that is part of the diplomatically-strained territory in the West Philippine Sea. PXP...
