reed bank - updates

Rappler's latest stories on reed bank

ARTICLE FINDER

No major decision reached after Duterte execs meet on Recto Bank

Jun 17, 2019 - 6:40 PM

The meeting comes as the usually outspoken President Rodrigo Duterte draws flak for his silence on the Recto Bank incident

The FB Gem-Ver at the shores of Brgy. San Roque II, San Jose Occidental Mindoro on June 15, 2019, after it was salvage near the Reed (Recto) Bank following its sinking by a Chinese vessel on June 9. Photo by LeAnne Jazul/Rappler

Satellite data show China ship not 'besieged' by Filipino boats

Jun 15, 2019 - 9:02 PM

(UPDATED) 'What 7-8 vessel swarm of night-marauding Filipino fishing boats is China talking about?' says maritime law expert Jay Batongbacal

RECTO BANK. This Google Earth screenshot, provided by maritime law expert Jay Batongbacal, shows that boats 'were spread over the wide area' of Recto Bank in the evening of June 9, 2019. The two boat-icons closest to each other have been estimated to be 3-5 nautical miles (about 7-9 kilometers) apart. Screenshot from Jay Batongbacal

Recto Bank: Why China covets what belongs to the Philippines

Jun 14, 2019 - 7:16 PM

Recto Bank is said to contain most of the oil and natural gas in the West Philippine Sea. The Philippines owns it.

GET OUT! A protester carries a placard that says, 'China, layas!' (China, get out!) in a picket in front of the Chinese consulate in Makati City. Photo by Alecs Ongcal/Rappler

[ANALYSIS] Now’s the best time to rethink China policy

Jun 14, 2019 - 9:44 AM

The Philippines should not be timid in resisting China’s bullying tactics at sea

Loan default? DOF says Reed Bank gas can be sold to raise funds

Mar 27, 2019 - 9:10 PM

Finance Undersecretary Bayani Agabin says that in the 'unlikely' event of a loan default, China cannot claim Reed Bank. Instead, the Philippines can sell gas and use the cash to pay Beijing.

Reed Bank not collateral to China loan? Carpio rebuts Duterte gov't

Mar 27, 2019 - 10:20 AM

Senior Associate Justice Antonio Carpio counters the claims of government officials who sought to downplay his warning against the repercussions of a government loan from China

LEGAL VIEWS. Presidential Spokesperson Salvador Panelo (left) and Senior Associate Justice Antonio Carpio have clashing views on a provision in the Chico River project loan agreement. Carpio photo from Senate PRIB

Philippines has no say in loan deals with China – Panelo

Mar 25, 2019 - 2:50 PM

The Duterte administration has no choice but to abide by China's terms since it is only the borrower while China is the lender, says Malacañang

Chinese President Xi Jinping (L) and Philippines' President Rodrigo Duterte (R) during an exchange of agreements at the Malacanang Presidential Palace in Manila on November 20, 2018. - Chinese President Xi Jinping called his visit on November 20 to long-time US ally the Philippines a "milestone", as he aimed to boost blossoming ties on the promise of billions of dollars in backing for mega-projects. Photo by Mark Cristino/Pool/AFP

Carpio raises alarm over Chico River deal: China 'can take' gas-rich Reed Bank

Mar 22, 2019 - 7:17 PM

If the Philippines can't pay off its loans to China, Supreme Court Senior Associate Justice Antonio Carpio says 'for sure, we will lose in all arbitrations'

NO CHANCE OF WINNING. Supreme Court Senior Associate Justice Antonio Carpio says the Philippines will have no chance of winning in case of arbitrations over Chinese loan deals. File photo by Angie de Silva/Rappler

Xi's lifetime rule may mean continued hardline stance in West PH Sea – analyst

Mar 11, 2018 - 11:55 PM

Aaron Jed Rabena says China could be considered 'compliant' with the 2016 arbitral tribunal ruling if there were peace and stability in the West Philippine Sea

HARDLINE STANCE. Analyst Aaron Jed Rabena expects China to maintain a hardline stance in the West Philippine Sea as Chinese President Xi Jinping moves towards lifetime rule.

Calamian area a ‘confidence-builder’ for joint exploration in Reed Bank – analyst

Mar 07, 2018 - 7:22 PM

Calamian is an uncontested area. Any joint exploration with China in the area should be governed by Philippine laws, says Aaron Jed Rabena of the policy think tank Asia-Pacific Pathways to Progress

FIRST STEP. Analyst Aaron Jed Rabena said the Philippine government could jointly explore the Calamian area with China before Reed Bank.

Sereno won’t resign, Malacañang on joint exploration, Duterte on UN rapporteurs | Evening wRap

Mar 02, 2018 - 8:03 PM

Watch the evening newscast with Jee Geronimo

Malacañang: Two areas being considered for joint exploration with China

Mar 02, 2018 - 3:30 PM

Service Contracts 57 and 72 are top of mind for Malacañang when it comes to possible joint exploration agreements between Philippine and Chinese corporations

President Rodrigo Roa Duterte greets Chinese Ambassador to the Philippines Zhao Jianhua as the latter accompanied the Communist Party of China Central Committee Member Meng Xiangfeng who met with the President at Malacañan Palace on January 9, 2017. REY BANIQUET/PRESIDENTIAL PHOTO

READ: Text of Hague court ruling affirming PH rights over Mischief Reef

Feb 06, 2018 - 7:05 PM

'Mischief Reef... fall within areas where only the Philippines possesses possible entitlements to maritime zones under the Convention.... Accordingly, the Philippines – and not China – possesses sovereign rights with respect to resources in these areas,' reads the ruling of the Permanent Court of Arbitration in July 2016

2016 PHOTO. Structures seen on a satellite image of Mischief Reef on November 15, 2016, released December 13, 2016. Image courtesy of CSIS Asia Maritime Transparency Initiative/DigitalGlobe

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

Duterte foreign policy, Anti-Distracted Driving Act, Mike Pence | Evening wRap

May 22, 2017 - 10:53 PM

Watch the evening newscast with Acor Arceo

Senators to Duterte: Why tolerate China's war threat?

May 22, 2017 - 2:35 PM

Senator Paolo Benigno Aquino IV asks why the Philippines is rejecting the European Union s supposed interference but allowing China to make threats

WAR THREAT. President Rodrigo Duterte revealed parts of his meeting with Chinese President Xi Jingping, saying the latter threatened to use force if the Philippines goes ahead with its exploration in Reed Bank. File photo by Malacañang

Could Duterte's approach to China ultimately make Ongpin richer?

May 17, 2017 - 1:00 PM

It s no secret President Rodrigo Duterte dislikes tycoon Roberto Ongpin But Duterte s friendly approach toward China may be the key Ongpin has long been waiting for to unlock a natural gas windfall in the South China Sea

MVP on Reed Bank exploration: 'Absolutely no movement'

Nov 21, 2016 - 8:00 AM

Meanwhile a congressman is worried about energy security and says it is high time to allow the resumption of the stalled projects

NO MOVEMENT. After the Philippines' win against China over the West Philippine Sea, Pangilinan-led PXP Energy awaits government's cue on Reed Bank exploration. Photo by Alecs Ongcal/Rappler

Hilbay, Jardeleza opposed inclusion of Itu Aba in PH case

Jul 20, 2016 - 6:18 PM

In former Solicitor General Hilbay s view it was better for Recto Bank to remain a disputed area even with the presence of the Chinese Navy as long as the Philippines claim stands

Reed Bank exploration: Philex Petroleum may seek new foreign partner

Jul 14, 2016 - 3:52 PM

After the Philippines win against China over the West Philippine Sea Philex Petroleum awaits government s cue on Reed Bank exploration

NEW PARTNER? Philex Petroleum chief Pangilinan hints his company might look for new foreign partner/s for Reed Bank exploration. Photo by Alecs Ongcal/Rappler

Philex explores prospects outside disputed Reed Bank

Mar 07, 2016 - 6:36 PM

This is after the Philippine government in March 2015 suspended all exploration works at the Reed Bank in the South China Sea

EXPLORATION. Oil and gas reserves in Reed Bank are said to be larger than those in Malampaya, which accounts for 40% electricity requirement of Luzon

Japan, Philippines defy China with second spy plane flight

Jun 24, 2015 - 1:14 PM

A Japanese P 3C Orion and a Philippine navy islander flew on a search and rescue drill 50 nautical miles 92 6 kilometers northwest of Palawan island officials say

ON THE GROUND. A Japanese Maritime Self-Defense Force P3C patrol plane is parked at Puerto Princesa airport in the island of Palawan, western Philippines, 23 June 2015. Francis R Malasig/EPA

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.

Q and A: Case vs China 'not enough,' expert says

Aug 19, 2014 - 5:33 PM

We will always go back to the two countries sitting down to talk it out maritime law expert Jay Batongbacal tells Rappler

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

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

Philippines ready for China ‘sanctions’

Apr 01, 2014 - 1:46 PM

Cabinet Secretary Jose Rene Almendras says the Philippine government has discussed and prepared for the possible consequences of its pleading against China

Aquino: Venture with Beijing harder to keep than marriage

Oct 10, 2013 - 6:18 PM

The Philippine president on possible joint energy exploration with China: Whose laws will prevail? Whose dispute resolution mechanism will be used?

Reed Bank 'holds huge oil, gas reserves'

Feb 10, 2013 - 11:38 PM

Most of the untapped hydrocarbon resources in the South China Sea are in Reed Bank a US agency says

Aquino to MVP: What am I supposed to do?

Jan 27, 2013 - 11:10 AM

President Benigno Aquino III harked back at businessman Manuel V Pangilinan who has made a comment about the government s move to elevate to an international tribunal a sea dispute and its impact to private business

BALANCING ACT. President Aquino talks to Filipino media in Davos about the South China Sea issues he is faced with. Photo by Malacañang bureau

MVP on Recto Bank: We're talking only to CNOOC

Jan 17, 2013 - 2:35 PM

Other foreign firms have approached Forum Energy for the joint exploration of Rector Bank but Manuel Pangilinan says the oil and gas company is negotiating only with China s CNOOC

YEARENDER: 12 big business stories in 2012

Dec 31, 2012 - 5:51 PM

This list shows how the movers and shakers took advantage of opportunities and navigated the risks how political leaders showed grim determination and how intertwined the players in both business and politics are

MVP group eyes new deal talks with CNOOC

Nov 19, 2012 - 6:01 PM

The local business group led by businessman Manuel V Pangilinan is considering reviving talks with Chinese state oil firm China National Offshore Oil Corporation CNOOC for a commercial deal over the Recto Bank energy bloc at the South China Sea

PH asserts South China Sea rights anew, bids out 3 blocs

Jul 11, 2012 - 4:39 PM

An energy official stressed the 3 blocs are near the Malampaya natural gas project which is not disputed by China

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

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

Philex to resume gas exploration at Reed Bank

Feb 07, 2012 - 10:24 PM

After the Chinese intrusions in 2011 Manuel Pangilinan says they need to meet their work program this year