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                    [Title] => DOE suspends oil exploration project in Palawan
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The Department of Energy (DOE) has suspended another oil exploration project in Northwest Palawan amid a lingering dispute between the Philippines and China over the West Philippine Sea.

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Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension of its project located in the disputed West Philippine Sea, according to its top official.

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                    [Title] => Forum Energy to drill for oil in Recto Bank
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London-listed Forum Energy Plc., a unit of Philex Petroleum Corp., has received the green light from the Department of Energy (DOE) to conduct a drilling survey in a petroleum exploration area located in the disputed West Philippine Sea.

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                    [Title] => Chinese expert: Joint oil exploration solution to sea row
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The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines and China.

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                    [Title] => PNOC-EC eyes completion of SC 75 data
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The Philippine National Oil Company –Exploration Corp. (PNOC-EC) expects to complete the processing of data on Service Contract 75 in offshore Palawan before the end of 2015.

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                    [Title] => Philex Pet reverts to profit column
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Philex Petroleum Corp., an oil exploration firm controlled by the group of businessman Manuel V. Pangilinan, reported a first quarter net income of P25.7 million, a marked improvement from the net loss of P24.5 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE) yesterday, Philex attributed the higher income to increased petroleum revenues of Forum Energy Plc in Service Contract 14C1 at the Galoc field in Northwest Palawan.

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                    [Title] => Forum Energy losses widen
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Forum Energy Plc., a British oil and gas exploration company with focus on the Philippines, said its net loss widened to $2.75 million in the first half of the year, from $1.67 million recorded in the same period in 2012.

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                    [Title] => Philex Petroleum divests in Vietnam exploration firm for P2.1B
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Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

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                    [Title] => CNOOC talks very preliminary, says Pangilinan
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Philex Petroleum Corp. chairman Manuel V. Pangilinan said their discussions with China National Offshore Oil Corp. (CNOOC) remains “very preliminary.”

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                    [Title] => MVP says talks with China on oil exploration 'preliminary'
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 Philex Petroleum Corp.  chairman Manuel V. Pangilinan said their discussions with China National Offshore Oil Corp. (CNOOC) remains “very preliminary”, adding that they would respect the laws and regulations of the Philippines.

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PHILEX PETROLEUM CORP

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Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension of its project located in the disputed West Philippine Sea, according to its top official.

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London-listed Forum Energy Plc., a unit of Philex Petroleum Corp., has received the green light from the Department of Energy (DOE) to conduct a drilling survey in a petroleum exploration area located in the disputed West Philippine Sea.

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The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines and China.

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                    [Title] => Forum Energy losses widen
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Forum Energy Plc., a British oil and gas exploration company with focus on the Philippines, said its net loss widened to $2.75 million in the first half of the year, from $1.67 million recorded in the same period in 2012.

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Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

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                    [Title] => CNOOC talks very preliminary, says Pangilinan
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Philex Petroleum Corp. chairman Manuel V. Pangilinan said their discussions with China National Offshore Oil Corp. (CNOOC) remains “very preliminary.”

                    [DatePublished] => 2013-06-20 00:00:00
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                    [Title] => MVP says talks with China on oil exploration 'preliminary'
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abtest

DOE suspends oil exploration project in Palawan

October 2, 2015 - 10:00am

The Department of Energy (DOE) has suspended another oil exploration project in Northwest Palawan amid a lingering dispute between the Philippines and China over the West Philippine Sea.

Headlines

Philex eyes oil, gas exploration projects

August 9, 2015 - 10:00am

Philex Petroleum Corp., the upstream oil and gas subsidiary of listed mining firm Philex Mining Corp., is eyeing to invest in one or two existing oil and gas exploration prospects nearing production after the suspension...

Business

Forum Energy to drill for oil in Recto Bank

By Iris Gonzales | January 30, 2015 - 12:00am

London-listed Forum Energy Plc., a unit of Philex Petroleum Corp., has received the green light from the Department of Energy (DOE) to conduct a drilling survey in a petroleum exploration area located in the disputed...

Business

Chinese expert: Joint oil exploration solution to sea row

By Christina Mendez | September 26, 2014 - 11:32am

The proposed joint exploration of the West Philippine Sea may resolve the growing territorial dispute between the Philippines...

Headlines

PNOC-EC eyes completion of SC 75 data

By Iris Gonzales | July 7, 2014 - 12:00am

The Philippine National Oil Company –Exploration Corp. (PNOC-EC) expects to complete the processing of data on Service Contract 75 in offshore Palawan before the end of 2015.

Business

Philex Pet reverts to profit column

By Iris Gonzales | April 26, 2014 - 12:00am

Philex Petroleum Corp., an oil exploration firm controlled by the group of businessman Manuel V. Pangilinan, reported a first quarter net income of P25.7 million, a marked improvement from the net loss of P24.5 million...

Business

Forum Energy losses widen

By Iris Gonzales | July 31, 2013 - 12:00am

Forum Energy Plc., a British oil and gas exploration company with focus on the Philippines, said its net loss widened to $2.75 million in the first half of the year, from $1.67 million recorded in the same period...

Business

Philex Petroleum divests in Vietnam exploration firm for P2.1B

By Iris Gonzales | July 18, 2013 - 12:00am

Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

Business

CNOOC talks very preliminary, says Pangilinan

By Alexis Romero | June 20, 2013 - 12:00am

Philex Petroleum Corp. chairman Manuel V. Pangilinan said their discussions with China National Offshore Oil Corp. (CNOOC) remains “very preliminary.”

Business

MVP says talks with China on oil exploration 'preliminary'

By Alexis Romero | June 19, 2013 - 5:47pm

 Philex Petroleum Corp.  chairman Manuel V. Pangilinan said their discussions with China National Offshore Oil Corp. (CNOOC) remains “very preliminary”, adding that they would respect the laws...

Business