ReedBank.com

The group of Manuel V. Pangilinan is continuing talks with China National Offshore Oil Corp. (Cnooc) for a potential partnership at a massive but disputed oil and gas find in offshore Palawan.   Nonetheless, both parties have yet to move forward with their talks, which Pangilinan described as still in the preliminary stage given the [...] Read the rest of this entry »

Philex still keen on teaming up with China firm for SC 72 Inquirer.net Pangilinan chairs Philex Petroleum Corp., which is the controlling shareholder of Forum Energy Plc. Forum Energy's principal asset is Service Contract 72 Reed Bank, which contains the Sampaguita gas discovery. “There are still ongoing discussions with …

Read the rest of this entry »

Supply and demand in the Asia/Pacific region try to reach equilibrium Offshore Oil and Gas Magazine About one-fifth of these resources may touch contested areas, particularly in the Reed Bank at the northeast end of the Spratly Islands, which is claimed by China, Taiwan, and Vietnam. CNOOC says its long-term domestic development plans include … and more »

Read the rest of this entry »

South China Sea: a decades-long source of tension – SpaceDaily Space Daily Tensions between the two nations started to rise in 2011 when Chinese vessels harassed a Philippine-chartered gas exploration vessel at Reed Bank. The Philippines then accused the Chinese of a pattern of intimidation, including firing warning shots at … and more »

Read the rest of this entry »

Oman Daily Observer

A source of tension Oman Daily Observer … China began building structures on Mischief Reef, within the Philippines' exclusive economic zone. Tensions between the two nations started to rise in 2011 when Chinese vessels harassed a Philippine-chartered gas exploration vessel at Reed Bank. and more »

Read the rest of this entry »

Inquirer.net

South China Sea: A decades-long source of tension Inquirer.net Tensions between the two nations started to rise in 2011 when Chinese vessels harassed a Philippine-chartered gas exploration vessel at Reed Bank. The Philippines then accused the Chinese of a pattern of intimidation, including firing warning shots at … and more »

Read the rest of this entry »

HOPES THAT business ties between the Philippines and China will remain robust have been raised with a large trade mission in town amid continued territorial tensions. Read the rest of this entry »

China firms visit amid tensions BusinessWorld Online Edition China and the Philippines are disputing possession of Scarborough Shoal, the oil rich Reed Bank and the Spratly Islands. A standoff at Scarborough Shoal last year escalated tensions, leading to calls for a boycott of Chinese goods, cyber attacks, trade … and more »

Read the rest of this entry »

Spratlys, other contested areas have limited oil resources Philippine Star MANILA, Philippines – Contested areas in the West Philippine Sea, including the disputed Reed Bank in Spratly Islands, likely have few conventional oil and gas resources, the United States Energy Information Administration (EIA) said in a report …

Read the rest of this entry »

US Energy says no useable oil in disputed areas SteelGuru That exception is in the Reed Bank area of the Spratlys, claimed by China, Taiwan, Vietnam and the Philippines. Manila discovered gas there in the 1970s and awarded an exploration contract to Sterling Energy in 2002. The Chinese navy has prevented any … and more »

Read the rest of this entry »