March 11, 2024
The Philippines is exploring several options in its quest to tap the resource-rich South China Sea, waters that China claims almost in its entirety. The body of water is estimated to hold significant quantities of oil and gas, according to the U.S. Energy Information Administration.
January 18, 2024
The Philippines, which imports almost all its fuel requirements, has been trying to start oil and gas exploration in its territorial waters as a key local gas field nears depletion.
March 14, 2023
The Princess Empress tanker, which was carrying 800,000 liters of industrial fuel when it sank off Mindoro province, didn’t have the permit to sail, the nation’s maritime authority said at a Senate hearing Tuesday.
March 03, 2023
According to the Environmental Ministry, the tanker may still contain a large amount of oil. Recovering the vessel will “help us a lot in containing the spill,” said the Ministry’s undersecretary, Carlos Primo David.
January 27, 2023
The proposed $67-million receiving terminal and regasification facility has an annual capacity of 200,000 to 400,000 tons of LNG imports that can fuel small independent power producers, manufacturing companies and transport fleets.
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
November 01, 2022
Shell Petroleum N.V. (Shell Petroleum) on Tuesday said it has completed the sale of its 100% shareholding in Shell Philippines Exploration to Prime Infrastructure Capital subsidiary Malampaya Energy following final JV and regulatory approvals.
May 20, 2021
“Since it began commercial operations in 2002, Malampaya has supplied a significant portion of the Philippines’ energy demand and it will continue powering the country with indigenous gas following a safe transition of the asset and its experienced workforce,” said Wael Sawan, Shell’s Upstream Director.
April 21, 2021
McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of an LNG storage tank for AG&P's Philippines LNG import and regasification terminal, currently under construction in Batangas, Philippines.
October 16, 2020
The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed by China and boosted the shares of the Southeast Asian nation’s energy producers.
September 11, 2019
Philippine President Rodrigo Duterte said he will ignore an international court ruling affirming his country’s territorial claims in the South China Sea in order to advance oil exploration plans with Beijing.
August 29, 2019
Philippine President Rodrigo Duterte’s much-touted meeting with Chinese leader Xi Jinping does not appear to have yielded an agreement on the South China Sea territorial dispute between the two nations or a plan to explore the area for oil and gas.
October 30, 2018
Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month.
August 20, 2018
Wood has secured a new, six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines.
May 2018
On April 3, Vietnamese state firm, PetroVietnam, issued the following and unusually blunt statement on its website: “The East Sea is forecast to continue to have uncertainty this year...affecting the company’s efforts to attract foreign investors to invest in its open offshore fields.”
February 19, 2018
The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said Friday.
March 29, 2017
Nido Petroleum Limited, on behalf of the Galoc JV partners, has advised that the drillship Deepsea Metro I has commenced mobilization from Labuan, Malaysia, to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore the Republic of the Philippines.
March 15, 2017
CGG announced today that the final geoscience data for its Carabao multi-client study, acquired offshore the Philippines, are now ready for delivery. The study integrates over 8,500 km of new broadband prestack time-migrated 2D BroadSeis data and complementary marine gravity and magnetic data acquired with the seismic.
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