Philippines ///

Oil and gas in the capitals

Jeff Moore, Contributing Editor

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.”

The Philippines in talks with China for joint sea exploration

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.

Philippines weighs China energy deal in disputed South China Sea

The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.

China backs joint energy development with Philippines in disputed sea

China's foreign minister on Tuesday said he supported the idea of joint energy ventures with the Philippines in the disputed South China Sea, warning that unilateral action could cause problems and damage both sides.

The Philippines shortlists six countries for $2-billion LNG hub

The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday.

Philippine official says drilling for oil in disputed sea may resume this year

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.

Tycoon hopeful for Xi, Duterte energy deal in South China Sea

One of the most prominent tycoons in the Philippines is increasingly optimistic that President Rodrigo Duterte can strike a deal with China to share oil and gas deposits in a disputed part of the South China Sea.

Nido Petroleum reports mobilization of Deepsea Metro I drillship

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.

CGG completes processing of Carabao regional study in Philippines

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.

UK’s Forum Energy granted force majeure amid China, Philippines dispute

Forum Energy confirmed Monday that the Philippine Department of Energy had granted a force majeure on Service Contact 72 because this contract area falls within the territorial disputed area of the West Philippine Sea, which is the subject of a UN arbitration process between the Philippines and China.

Otto Energy to farm-in with 15% stake in SC55; hires Maersk Venturer drillship

PERTH, Australia -- Otto Energy Philippines, a subsidiary of Otto Energy, has signed a farm-in agreement with Red Emperor Resources to earn a 15% working interest in SC55, offshore the Philippines.