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Search resuls for: "PXP Energy Corp"


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MANILA, July 7 (Reuters) - The Philippine military on Friday reported an "alarming" increase in the number of Chinese fishing vessels in disputed waters in the South China Sea, which it said threatens the security of the oil and gas-rich Reed Bank. "China must cease its swarming of vessels to respect our sovereign rights," Ariel Coloma, spokesperson for the Western Command, said in a statement. The Philippines won a landmark arbitration case in 2016 that invalidated China's expansive claims in the South China Sea, where about $3 trillion worth of sea-borne goods pass every year. U.S. Defense Secretary Lloyd Austin told his Philippine counterpart, Gilbert Teodoro, on Thursday that the U.S. commitment to the defense of its ally was "ironclad," including in the South China Sea, according to a U.S. summary of the call. The Philippines on Wednesday accused the China Coast Guard of harassment, obstruction and "dangerous manoeuvres" against its vessels, after another incident near a strategic feature of the South China Sea.
Persons: Ariel Coloma, WESCOM, Lloyd Austin, Gilbert Teodoro, Karen Lema, Robert Birsel Organizations: Philippine, Reed Bank, Western Command, The Philippines, PXP Energy Corp, China Coast Guard, U.S . Defense, Thomson Locations: MANILA, South China, China, Manila, States, Philippine, Sabina, Philippines
MANILA, Dec 1 (Reuters) - The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasising his country's right to exploit energy reserves in the contested waterway. Talks over joint energy exploration between Manila and Beijing in the South China Sea had been terminated, the previous government said in June, citing constitutional constraints and issues of sovereignty. I think there might be other ways so it does not have to be G-to-G (government-to-government)," Marcos said. During a three-day visit last week, U.S. Vice President Kamala Harris affirmed American defence commitments to the Philippines and reiterated support for a 2016 arbitration ruling that invalidated Beijing's expansive South China Sea claims. The ruling, which China refused to recognise, states that the Philippines has sovereign rights to exploit energy reserves inside its 200-mile Exclusive Economic Zone.
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