(Updated 4:47 p.m.) The Department of Energy (DOE) has suspended all drilling and exploration works in the West Philippine Sea, particularly in the area covered by Service Contract (SC) 72 in the Reed Bank, citing a force majeure as the site is the subject a territorial dispute between the Philippines and China. Philex Petroleum Corp., […]
MANILA, Philippines (AP) The Philippine president said Wednesday that the international arbitration Manila has initiated to challenge China’s territorial claims in the South China Sea and a legally binding “Code of Conduct” are the only ways to settle the long-raging disputes peacefully. The Philippines says that China has been intruding into its exclusive economic zone, […]
The Philippines is seeking to develop the seabed hydrocarbon resources of Reed Bank in the South China Sea, an area under dispute with China. Should Manila put plan to action, Beijing is likely to dispatch enforcement vessels to disrupt such activities. Given the deteriorating bilateral relationship, tensions between the two countries are in danger of […]