Wednesday, February 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PXP Energy in talks with another China company for joint oil exploration in WPS

Manila StandardbyManila Standard
December 6, 2022, 7:40 pm
in Business, Power & Tech
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

PXP Energy Corp. is in talks with another Chinese state-owned company for a possible joint cooperation in the West Philippine Sea, a top executive said Monday night.

PXP chairman Manuel Pangilinan said the meeting was held two months ago at an undisclosed location. He said the talks were not with China National Offshore Oil Corp., with which the company was previously negotiating with for a possible partnership.

PXP chairman Manuel Pangilinan

PXP and subsidiary Forum Energy Plc coordinated with the government on the resumption of oil and gas exploration activities in Service Contract 75 and SC 72 (Recto Block).

Both SCs are located in the disputed West Philippine Sea and are under force majeure since April.

“Can you escape G2G [government to government]? We don’t have the authority to talk about sovereignty issues. It’s only the state,” he said.

ADVERTISEMENT

“Why are we walking on eggshells because when we talk about sovereignty, it’s them and we need to respect that,” he said.

Pangilinan said the Philippines could learn lessons from the dispute between Lebanon and Israel.

“What they did was cut the disputed territory by half. They were driven by the mutual interest of supplying gas to Europe, since they are one of the closest sources of gas,” he said.

“Instead of quarreling forever who owns which, they said cut the baby into half and develop it quickly so they could sell to Europe. That’s a pragmatic approach,” he said.

PXP earlier said they would continue to pursue exploration works on other projects in the Philippines, including SC 40 and SC 74.

PXP is an upstream oil and gas company incorporated in the Philippines with shares listed on the Philippine Stock Exchange.

Tags: China National Offshore Oil Corp.Manuel PangilinanPXP Energy Corp.West Philippine Sea
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

IMF sees PH growth easing to 5% in 2023

byJulito G. Rada
January 31, 2023, 8:35 pm
0
8
IMF raises 2021 growth estimate for PH to 4.6%

Economic growth in the Philippines is expected to soften to 5 percent in 2023 from the actual expansion of 7.6...

Read more

CA suspends SPPC-Meralco power supply deal

byAlena Mae S. Flores
January 31, 2023, 8:30 pm
0
8

The Thirteenth Division of the Court of Appeals issued a writ of preliminary injunction in favor of South Premiere Power...

Read more

5 largest miners express interest in PH investments

byOthel V. Campos
January 31, 2023, 8:25 pm
0
8
Chamber of Mines set to form oversight body to probe members

The Chamber of Mines of the Philippines said Tuesday the world’s five largest mining companies expressed keen interest to pursue...

Read more

14 groups plan to join bidding for Casecnan hydroelectric plant

byAlena Mae S. Flores
January 31, 2023, 8:20 pm
0
8
PSALM prepares auction of big Pampanga property

Several Japanese and Korean companies are joining the bidding for the 165-megawatt Casecnan Hydroelectric Power Plant, state-run Power Sector Assets...

Read more

New York-based bank denies issuing certificate to POGO independent auditor

byManila Standard
January 31, 2023, 8:15 pm
0
8
New York-based bank denies issuing certificate to POGO independent auditor

A New York-based bank denied that it issued bank certification to a third-party audit firm chosen by state-run Philippine Amusement...

Read more

Bank loans grew 13.4% in December

byJulito G. Rada
January 31, 2023, 8:10 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

Bank loans grew 13.4 percent year-on-year in December, slower than the 13.9-percent expansion in December, latest data from the Bangko...

Read more

Print Edition

View More

Recent Posts

  • Dell Technologies introduces more “world’s first” collaboration tools
  • Converge accelerates transformation journey with Tableau
  • Hanabishi Kitchen Appliances offer up to 35% off in Shopee, Lazada’s 2.2 Sale
  • LG showcases latest display solutions under theme ‘Life, Be Bloomed’ at ISE 2023
  • Two missing Dallas Zoo monkeys found: police
  • Pru Life UK president/CEO appointed as FinTech Alliance PH’s InsurTech Committee chairman
  • Netanyahu says considering military aid to Ukraine, mediation
  • Myanmar marks coup anniversary with eyes on junta election plan

Advertisement

Latest News

Pru Life UK president/CEO appointed as FinTech Alliance PH’s InsurTech Committee chairman

byMST Tech
February 1, 2023, 1:26 pm
0
8
Pru Life UK president/CEO appointed as FinTech Alliance PH’s InsurTech Committee chairman

Pru Life UK President and Chief Executive Officer Eng Teng Wong is FinTech Alliance Philippines’ InsurTech Committee Chairman. Wong will lead the...

Read more

Netanyahu says considering military aid to Ukraine, mediation

byAFP
February 1, 2023, 1:00 pm
0
8
Netanyahu says considering military aid to Ukraine, mediation

Israeli Prime Minister Benjamin Netanyahu said Wednesday he was considering military aid to Ukraine and was willing to serve as...

Read more

Myanmar marks coup anniversary with eyes on junta election plan

byAFP
February 1, 2023, 12:30 pm
0
8
Myanmar marks coup anniversary with eyes on junta election plan

Myanmar democracy activists called for businesses to close nationwide on Wednesday to mark the second anniversary of the coup that toppled Aung...

Read more

TPB and DOT to join the ASEAN Tourism Forum 2023 in Indonesia

byManila Standard
February 1, 2023, 12:10 pm
0
8
TPB and DOT to join the ASEAN Tourism Forum 2023 in Indonesia

The Tourism Promotions Board (TPB) Philippines and the Philippine Department of Tourism (DOT) will join the ASEAN Tourism Forum (ATF)...

Read more

Vaccine misinformation spawns ‘pure blood’ movement

byAFP
February 1, 2023, 12:00 pm
0
8
Vaccine misinformation spawns ‘pure blood’ movement

By Anuj Chopra and Marisha Goldhamer Vaccine skeptics blocking transfusions for life-saving surgeries, Facebook groups inciting violence against doctors and...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App