Forum Energy - updates

Rappler's latest stories on Forum Energy


Pangilinan still optimistic over oil hunt in West Philippine Sea

Nov 14, 2017 - 6:15 PM

As ASEAN countries and China prepare to craft a Code of Conduct, Filipino tycoon Manuel Pangilinan is hopeful potential oil and gas reserves in the disputed waters can eventually be tapped

HOPEFUL. 'We are quite optimistic that something could happen, but that is entirely beyond our control,' PXP Energy chief Manuel Pangilinan says. Photo by Angie de Silva/Rappler

Oil firm stops drilling in West Philippine Sea

Mar 03, 2015 - 7:04 PM

The Pangilinan led Forum Energy says the Philippine government has explained that the contract area falls within the disputed West Philippine Sea

PANGILINAN-LED. Forum Energy, the British company allowed to explore Recto Bank, is run in the Philippines by businessman Manuel V Pangilinan.

PH gives mixed signals on Recto Bank drilling

Feb 26, 2015 - 7:56 AM

The reported suspension of oil drilling comes as the Philippines calls for a moratorium on activities that raise tension in the South China Sea

PANGILINAN-LED. Forum Energy, the British company allowed to explore Recto Bank, is run in the Philippines by businessman Manuel V Pangilinan.

Gov't to suspend Forum Energy exploration in West PH Sea

Feb 24, 2015 - 7:37 PM

The energy department advises the company holder of Service Contract 72 to hold off exploration due to developments between the PH and Chinese governments

Philippines slams China over 'sovereignty patrols'

Aug 18, 2014 - 4:38 PM

The Philippines says China regularly sends ships as part of illegitimate sovereign patrols to claim the disputed West Philippine Sea

DAVID VS GOLIATH. A Chinese coast guard ship (top) and a Philippine supply boat engage in a standoff as the Philippine boat attempts to reach Ayungin Shoal, a reef claimed by both countries, on March 29, 2014. Photo by Jay Directo/AFP

Aquino hits China over 2 ships in Recto Bank

Aug 18, 2014 - 1:27 AM

China s hydrographic ships have been sighted within the Philippines exclusive economic zone President Aquino says he fears heightened tension between the 2 countries in the South China Sea

FEARING TENSION. President Benigno Aquino III says the Armed Forces of the Philippines spotted two Chinese hydrographic ships in the disputed South China Sea. In this photo taken on August 14, 2014, Aquino leads the ceremonial distribution of assault rifles at the Armed Forces of the Philippines General Headquarters. Photo by Robert Viñas/ Malacañang Photo Bureau

PH dismisses new China protest over drilling in Recto Bank

Jul 21, 2014 - 4:16 PM

Within our capability we will be able to extend all the necessary protection for them says Defense Secretary Voltaire Gazmin

China hits Philippines over extended oil drilling

Jul 11, 2014 - 4:29 PM

The Philippines extends the permit of Forum Energy a Pangilinan led company to conduct oil drilling activities in the disputed South China Sea

'FURTHER DAMAGE.' Chinese Foreign Ministry spokesman Hong Lei warns the Philippines about submitting its historic pleading against Beijing. File photo by AFP

Fresh ideas needed for water security

Mar 23, 2013 - 6:04 PM

Water security is critical to our planet s future Without a quick response we could end up with a Titanic like tragedy

San Miguel to invest $25-B for oil, natural gas

Mar 06, 2013 - 8:10 PM

San Miguel Corp s Ramon Ang says it could divest its interests in SMC Global Holdings Power Corp to raise funds for an oil and gas investment

NEW VENTURES. Ramon Ang says San Miguel is looking into diversifying into the oil and gas sector. Photo by AFP

Forum Energy losses mount due to gas project

Feb 21, 2013 - 5:48 PM

The loss stems from a third party assessment that reduced the likelihood of commercially viable hydrocarbon deposit in the company s Service Contract 40

MVP group awaits govt's nod on Recto Bank drilling delays

Jan 18, 2013 - 11:03 AM

The group is waiting for word from the Department of Energy if it can miss some of the deadlines in its approved work program

CNOOC must respect PH claim for gas venture to proceed - MVP

Jun 28, 2012 - 12:38 AM

The Pangilinan led consortium will not forge a deal with CNOOC if the Chinese state firm will not respect the Philippine s right over the disputed gas rich Recto Bank off Palawan island

Aside from China, firms from US, Europe also keen on Recto Bank

May 17, 2012 - 5:45 PM

The controlling stakeholders of the consortium granted the right to drill and explore the massive gas deposits at Recto Bank is on the lookout for foreign partners that are not exactly from China alone

MVP confirms Recto Bank talks with Chinese firm

May 08, 2012 - 4:21 PM

Amid geopolitical tensions between the Philippines and China over a disputed sea the oil and gas exploration firms of each country are engaging in separate commercial negotiations

Philex can explore in Recto Bank despite Taiwan protest - Palace

Mar 13, 2012 - 6:47 PM

Despite recent protests from Taiwan Malacanang asserted its undisputed claim on Recto Bank where Pangilinan led unit of Philex Mining Corp is currently conducting exploration activities