TOKYO, Japan —The Philippines remains in a "deadlock" in resolving the energy exploration issues in the West Philippine Sea (WPS), President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos emphasized the need to resolve the increasing tensions in the...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Pangilinan-led PXP Energy Corporation is still focused on intensifying its plea to the government for the targeted lifting of the ‘force majeure’ roadblock that had been enforced on its planned exploration and drilling activities at its petroleum blocks along Palawan basin. The company has been...
Investors from the Middle East – primarily energy companies from Qatar, United Arab Emirates (UAE) and Saudi Arabia – are enthusiastically eyeing to funnel investments into offshore oil and gas exploration ventures in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), according to...
The Department of Energy (DOE) has conveyed to Congress that President Ferdinand Marcos Jr. has given the go-signal to oil and gas exploration and drilling activities in the country, including at the disputed waters of the West Philippine Sea (WPS). When quizzed by Representative France Castro...
Philippine upstream company PXP Energy Corporation is now coming to terms with the idea that the resumption of exploration at the Recto Bank prospect will rely on the political decision of the national government (NG), primarily considering the diplomatic alliances of the administration with global...
An Intergovernmental Energy Board (IEB) Circular has been jointly inked by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources, and Energy (MENRE) to kickstart investments in coal, and petroleum exploration and development in the Bangsamoro Autonomous Region in Muslim...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
Senator Robin Padilla (MANILA BULLETIN) Senator Robinhood Padilla on Thursday, April 13, said he was heartened over the planned resumption of talks this May between the Philippines and China for oil and gas exploration in the West Philippine Sea (WPS). ‘’This jibes with my Senate Resolution...
Officials from the Philippines and China will meet in May to discuss the parameters and terms of reference of the two countries' possible joint oil and gas exploration in the South China Sea. According to the Department of Foreign Affairs (DFA), the meeting will prepare Manila and Beijing for their...
Senate Minority Leader Aquilino “Koko” Pimentel III on Monday, April 3, said he favors the inclusion of the Philippine Senate in the proposed talks on Philippine-China joint oil exploration in the West Philippine Sea (WPS). “The idea of Senate ‘involvement’ is to be endorsed. Involvement...
The Philippines and China will resume talks on a possible joint oil and gas exploration in the West Philippine Sea (WPS) at a "technical level," Foreign Affairs Secretary Enrique Manalo bared. In an interview transcript shared by the Department of Foreign Affairs (DFA) to the media on Thursday,...
