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Philex Petroleum Corp., the upstream oil and gas subsidiary of Philex Mining Corp., trimmed its net loss in the nine months ending September this year to P65.9 million.

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Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension of its project located in the disputed West Philippine Sea, according to its top official.

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                    [Title] => Philippines suspends oil, gas exploration in disputed waters
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The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said.

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                    [Title] => DOE stops oil drilling in West Phl Sea
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                    [Title] => Recto Bank drilling on hold  but MVP not  giving up
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It looks like drilling activities in Recto Bank, a petroleum exploration area located in the disputed West Philippine Sea , will remain in a  standstill due to the continued geopolitical tension between the Philippines and China.

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                    [Title] => Forum Energy prepares for Recto Bank drilling
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Forum Energy, a UK oil and gas exploration company which is majority owned by businessman Manuel V. Pangilinan, will undertake seismic studies in the disputed Recto Bank in offshore Palawan while waiting for the government’s go-signal for actual drilling works to start, Pangilinan said late Monday.

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                    [Title] => China opens door to restore normal relations
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While President Aquino III was fueling the South China Sea dispute in a visit to the US, a group of Filipino journalists were at the National Institute of South China Sea Studies listening to Professor Wu Sichun in Hainan. Sichun is the author of the book “Solving Disputes for Regional Cooperation and Development in the South China Sea.”

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                    [Title] => Chinese expert: Joint oil exploration solution to sea row
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The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines and China.

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The Department of Energy (DOE) is coordinating with the Department of National Defense to evaluate Forum Energy’s options in  drilling at the disputed Recto Bank.

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                    [Title] => DND to protect British firm behind drilling ops in Recto Bank
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The Defense Department will provide security to Forum Energy, the British firm conducting drilling operations in Recto (Reed) Bank, amid China’s strong opposition to the project.

                    [DatePublished] => 2014-07-21 18:12:00
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Forum Energy

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Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension of its project located in the disputed West Philippine Sea, according to its top official.

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                    [Title] => DOE stops oil drilling in West Phl Sea
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The Department of Energy (DOE) has suspended all drilling and exploration works in the disputed West Philippine Sea, particularly at the Recto (Reed) Bank section of the sea.

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                    [Title] => Recto Bank drilling on hold  but MVP not  giving up
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It looks like drilling activities in Recto Bank, a petroleum exploration area located in the disputed West Philippine Sea , will remain in a  standstill due to the continued geopolitical tension between the Philippines and China.

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Forum Energy, a UK oil and gas exploration company which is majority owned by businessman Manuel V. Pangilinan, will undertake seismic studies in the disputed Recto Bank in offshore Palawan while waiting for the government’s go-signal for actual drilling works to start, Pangilinan said late Monday.

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                    [Title] => China opens door to restore normal relations
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The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines and China.

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                    [Title] => DND to protect British firm behind drilling ops in Recto Bank
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abtest

Philex Petroleum trims losses

October 29, 2015 - 10:00am

Philex Petroleum Corp., the upstream oil and gas subsidiary of Philex Mining Corp., trimmed its net loss in the nine months ending September this year to P65.9 million.

Business

Philex eyes oil, gas exploration projects

August 9, 2015 - 10:00am

Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension...

Business

Philippines suspends oil, gas exploration in disputed waters

March 4, 2015 - 5:08am

The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said.

World

DOE stops oil drilling in West Phl Sea

March 4, 2015 - 12:00am

The Department of Energy (DOE) has suspended all drilling and exploration works in the disputed West Philippine Sea, particularly at the Recto (Reed) Bank section of the sea.

Headlines

Recto Bank drilling on hold but MVP not giving up

By Iris Gonzales | February 25, 2015 - 12:00am

It looks like drilling activities in Recto Bank, a petroleum exploration area located in the disputed West Philippine Sea , will remain in a  standstill due to the continued geopolitical tension between the...

Business

Forum Energy prepares for Recto Bank drilling

By Iris Gonzales | October 29, 2014 - 12:00am

Forum Energy, a UK oil and gas exploration company which is majority owned by businessman Manuel V. Pangilinan, will undertake seismic studies in the disputed Recto Bank in offshore Palawan while waiting for the...

Business

China opens door to restore normal relations

By FROM A DISTANCE | By Carmen N. Pedrosa | September 28, 2014 - 12:00am

While President Aquino III was fueling the South China Sea dispute in a visit to the US, a group of Filipino journalists were at the National Institute of South China Sea Studies listening to Professor Wu Sichun...

Opinion

Chinese expert: Joint oil exploration solution to sea row

By Christina Mendez | September 26, 2014 - 11:32am

The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines...

Headlines

DOE, DND weigh Forum Energy’s options in Recto Bank

By Iris Gonzales | September 17, 2014 - 12:00am

The Department of Energy (DOE) is coordinating with the Department of National Defense to evaluate Forum Energy’s options...

Business

DND to protect British firm behind drilling ops in Recto Bank

By Alexis Romero | July 21, 2014 - 6:12pm

The Defense Department will provide security to Forum Energy, the British firm conducting drilling operations in Recto (Reed)...

Headlines