Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Philippines lifts ban on oil and gas exploration in South China Sea
by Staff Writers
Manila (AFP) Oct 16, 2020

The Philippines has lifted a moratorium on oil and gas exploration in the disputed South China Sea, which the government said Friday could fast-track talks with Beijing on a joint energy project.

Drilling off the Philippines was halted in 2014 amid an escalating row with China over its rival claim to areas of the waterway that are believed to hold rich deposits of natural resources.

Philippine President Rodrigo Duterte, who took office in 2016, has softened his predecessors' opposition to Beijing's claims and in 2018 the two countries began talks to jointly explore the contested waters.

"Now that the moratorium is lifted, I'm sure that will expedite the discussions," Energy Secretary Alfonso Cusi told reporters Friday.

The decision to restart exploration and development activities had been "unilateral", Cusi said, but added Beijing had not been informed ahead of the government's decision.

China's embassy in Manila did not respond to a request for comment from AFP.

The lifting of the suspension also comes as the Philippines faces dwindling energy reserves.

Malampaya gas field, which supplies about 40 percent of power to the archipelago's main island Luzon, is expected to run dry within a few years.

Beijing asserts sovereignty over almost all of the South China Sea, but in 2016 a UN-backed tribunal acting on a case brought by then-Philippine leader Benigno Aquino rejected its claims.

Local companies previously involved in three drilling projects off Palawan province in the western Philippines have been told to resume work, Cusi said.

One of the areas now permitted for exploration is Reed Bank, where Philippine energy companies operating prior to the 2014 moratorium had complained of harrassment from Chinese vessels.

Cusi said the resumption of exploration activities in the region would also help boost the country's economy, which has been ravaged by the coronavirus pandemic.

Millions have lost work and around 350,000 people have been infected since the outbreak began.

"The lifting (of the suspension) will help prime up our economy," the energy minister said, adding it would "help in generating investments."

But despite government claims the move would facilitate cooperation with China, one analyst said it suggested the Philippines was increasingly willing to assert its sovereign rights over the area.

"It creates some leverage on our part to show that we're serious about exercising our own legitimate jurisdiction over these resources," said Jay Batongbacal, director of the University of the Philippines' Institute for Maritime Affairs and Law of the Sea.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
S.Sudan government, rebels agree to work towards ceasefire
Rome (AFP) Oct 14, 2020
South Sudan's government and National Salvation Front (NAS) rebels agreed on Wednesday to a meeting between their military commanders, while falling short of committing to an existing ceasefire. Instead, the two groups meeting in Rome pledged to work "towards" the ceasefire signed in January, which has failed to bring calm to the war-torn region. Talks between government envoy Barnaba Marial Benjamin and NAS leader Thomas Cirillo Swaka took place in Rome under the auspices of the Community of ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Artificial cyanobacterial biofilm can sustain green ethylene production for over a month

Hungary chlorine gas leak injures 28 at refinery

Lighting the path to recycling carbon dioxide

Inducing plasma in biomass could make biogas easier to produce

OIL AND GAS
Solar-powered system extracts drinkable water from "dry" air

WMG and Senergy Innovations launch graphene enabled all polymer solar thermal cell

Neutrons show twinning in halide perovskites

Climate change could mean fewer sunny days for hot regions banking on solar power

OIL AND GAS
California offshore winds show promise as power source

Offshore wind power now so cheap it could pay money back to consumers

OIL AND GAS
Bulgaria plans to install US-made nuclear reactor

Framatome showcases nuclear technologies at China's first international nuclear exhibition since COVID-19

Framatome and General Atomics announce collaboration to develop fast modular reactor

Close-up monitoring of radioactive processes

OIL AND GAS
Fraction of money earmarked for COVID-19 recovery could boost climate efforts

Restored ecosystems could absorb half of emissions since Industrial Revolution

Austria boosts climate spending despite virus hit

Earth 'squeezed like an orange': Call for climate action

OIL AND GAS
SUVs targeted in new French 'weight tax'

Uber and Lyft argue in California court over status of drivers

Audi boosts e-vehicle presence in China

The Safe Light Regional Vehicle makes its debut

OIL AND GAS
Shiite pilgrims in Iraq mourn martyrs old and new

Pilgrims flood Iraq's Karbala for Arbaeen despite virus fears

In Iraq's Mosul, new statues rise from ashes of IS rule

'Beacon of light' of Iraq's Yazidis dies at 87

OIL AND GAS
North Korea's untested ICBM gets paraded

Iran nuclear chief tests positive for Covid-19

North Korea displays huge new ICBM at coronavirus-defying parade

Despite virus shutdown, North Korea to stage huge parade









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.