Even with the possibility that such an endeavor will no longer happen in the next three months, both ambassadors from the Philippines and China are still looking forward to having a joint exploration in the South China Sea. West Philippine Sea (FILE PHOTO FROM AFP) Both Philippine Ambassador to...
If elected, presidential aspirant Vice President Leni Robredo said she will be open to a joint venture with China in the West Philippine Sea only if the latter recognizes the 2016 arbitral ruling. Vice President Leni Robredo (OVP photo) "I will be open to that only if the step one: recognition of...
The Philippine National Oil Company-Exploration Corporation (PNOC-EC) effectively protected the country’s national interest when it blocked the sale of Shell Philippines Exploration B.V.’s (SPEX) stakes to Malampaya Energy XP Pte. Ltd., a subsidiary of Dennis Uy-led Udenna Corp., in the...
Presidential aspirant Senator Panfilo “Ping” Lacson reiterated his support for a joint venture with other countries in exploring and harnessing energy sources in the West Philippine Sea, so long as the 60-40 formula in the Philppine’s Constitution is followed. “I’m supportive of a joint...
The operator of the Malampaya gas field is scheduling at least four "production holds" or gas restriction occurrences next year, according to the Department of Energy. “Based on the submitted document from SPEX (Shell Philippines Exploration B.V.), there will be four scheduled ‘production...
Surigao del Sur Rep. Johnny Pimentel has called for the Department of Energy (DOE) to assure the “seamless transfer” of Malampaya’s day-to-day gas business amid calls for a probe of Shell Petroleum B.V.’s $460 million operator switch to Udenna Corp. “We are counting on a smooth handover...
Philippine leading oil firm Petron Corp. is negotiating for the renewal of a 10-year supply contract for crude oil that shall be fed and processed at its Port Dickson refinery in Malaysia. According to company documents, Petron is “in negotiation for renewal” of its supply contract for Tapis...
Listed firm Manila Mining Corporation (MMC), an affiliate of Lepanto Consolidated Mining Company, will resume exploration drilling at its mining tenements in Placer, Surigao del Norte, a move that will be funded by planned stock rights offering that targets to raise P519 million. This, according to...
A military general has belied reports that the floating device bearing Chinese markings found by a local fisherman earlier this month off the waters of Infanta, Pangasinan could be used for oil exploration activities. Lt. Gen. Arnulfo Marcelo Burgos Jr. (File photo courtesy of PIA / PA 2ID DPAO /...
Department of Energy (DOE) Spokesperson Felix William Fuentebella believes that the proposed joint exploration for oil and gas between the Philippines and China in the West Philippine Sea (WPS) can still "move forward". DOE Spokesperson Felix William Fuentebella (Screengrab from Facebook live)...
The Philippine government has not yet received any report on spotting a sea vessel engaged in oil exploration in the Scarborough Shoal, Malacañang said Thursday. President Spokesman Harry Roque (File photo/Malacañang) Presidential spokesman Harry Roque said the government would take the...
Authorities are already looking into reports that an alleged oil exploration equipment with Chinese markings on it was found by local fishermen in Pangasinan, a rare sighting which concerned stakeholders feared as a potential proof of China's on-going drilling activities within the country's...
