Malacañang said that the Philippines has always been “sincere” in its engagements with China, amid renewed discussions on possible joint oil and gas exploration. Presidential Communications Office (PCO) Undersecretary Claire Castro said this after the Chinese Embassy in Manila said Beijing is...
The Chinese embassy in Manila has welcomed President Marcos ' pronouncement that the Philippines is open to the possibility of joint oil exploration with China amid the looming oil crisis brought by the Middle East conflict. Guo Wei, deputy spokesman for the embassy, said setting aside both...
President Marcos said changes in relations with China are already taking place as he signaled openness to joint gas development with Beijing despite ongoing territorial disputes. “I think it’s certainly going to happen… there’s going to be a very, very serious restructuring,” Marcos said...
The Philippines has not yet restarted its talks on possible joint oil exploration with China, although it may be "forthcoming," especially amid the looming oil crisis brought by the Middle East conflict. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro made the pronouncement on...
The Philippine Navy (PN) will secure government personnel and private companies that would conduct oil exploration activities in the West Philippine Sea (WPS). “Your Philippine Navy and your Armed Forces are ready to provide security and protection to any effort by the national government to...
Senate President Francis “Chiz” Escudero on Monday, March 3 grilled officials of the Department of Environment and Natural Resources (DENR) to explain why there are substantial number of inactive, non-operational, invalid or unused exploration permits (EPs) and mineral production sharing...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (PPAB) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez is up in arms over Department of Foreign Affairs (DFA) Secretary Enrique Manalo's statement the country was open to...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea,...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
