Saturday, November 23, 2024

Benigno Aquino News

Philippines, China Mull South China Sea Energy Cooperation

The Philippines on Friday identified two areas in South China Sea where joint exploration for oil and gas may be undertaken with China, including one in territory that both sides have argued over for years. The two countries have agreed to set up a special panel to work out how they can jointly explore in part of the hotly contested waters without having to address the issue of sovereignty, something experts say would be extremely complex. Philippine President Rodrigo Duterte's spokesman, Harry Roque, said the areas being considered were sites covered by service contracts 57 and 72, which are exploration permits issued by Manila's energy ministry.

PXP Energy Eager to Resume South China Sea Drilling

Philippine oil and gas firm PXP Energy Corp expressed eagerness on Thursday to resume exploration in the disputed South China Sea and said any joint venture development would likely involve a Chinese company. Chairman Manuel Pangilinan told reporters he was looking to discuss plans to resume PXP's stalled Reed Bank project in the hotly contested waterway with the Philippine government. "We should start doing that because all of the pronouncements that appear to have been made by both China and the Philippines are moving in a positive direction," he said.

Japan Demands Chinese Halt to South China Sea Energy Play

Japan called on China on Tuesday to halt construction of oil-and-gas exploration platforms in the East China Sea close to waters claimed by both nations, concerned that Chinese drills could tap reservoirs that extend into Japanese territory. Japan's Defense Ministry added the demand to its annual defense review after hawkish members of the ruling party complained that its original draft was too soft on China, a ministry official said. China resumed exploration in the East China Sea two years ago, the report said. In 2012, Japan's government had angered Beijing and purchased a disputed island chain there.

Philippine VP Open to Exploring for Oil with China in Disputed Sea

Jejomar C. Binay

Philippine Vice President Jejomar Binay, considered a front-runner for the presidency in 2016, said on Thursday he would welcome a joint venture with China to explore for oil and gas in disputed areas of the South China Sea. Binay's stance is in contrast to President Benigno Aquino, who has opposed business partnerships with China in territory claimed by both countries. China claims most of the potentially energy-rich South China Sea, and its recent rapid land reclamation around seven reefs in the Spratly archipelago has alarmed the Philippines, Vietnam and other claimants.

Beijing, Philippines Move to Calm South China Sea Tensions

Philippine President Benigno Aquino said he and Chinese counterpart Xi Jinping had a "meeting of minds" on Tuesday during talks which included a territorial row that has soured relations between the South China Sea states. The Philippines is in dispute with China over parts of the sea including the Scarborough Shoal, an area believed to be rich in oil and natural gas as well as fisheries resources. China seized control of the shoal in June 2012 and has prevented Philippine fishermen from getting close to the rocky outcrop, a rich fishing ground. "The warmth was there ...

China Rejects Manila Protests, Laments Detentions

China rejected Philippine complaints on Wednesday about Chinese survey vessels operating in a gas-rich area of Manila's exclusive economic zone, and has lodged a separate complaint about the detention of Chinese workers, as tensions persist. Philippine President Benigno Aquino said over the weekend that two Chinese survey vessels had been sighted in part of the disputed South China Sea also claimed by the Philippines called Reed Bank. In a statement faxed to Reuters, China's Foreign Ministry said that Reed Bank was Chinese territory. "Survey activities being carried out by Chinese survey ships are appropriate, legal and beyond reproach," the ministry said.

Xi Says China Won't Stir Trouble In South China Sea

Chinese President Xi Jinping has vowed not to stir up trouble in the South China Sea but said China would react "in the necessary way" to provocations by other countries, the official Xinhua news agency reported. The comments come at a time of deep tension between China and Vietnam over Beijing's decision in early May to move an oil rig into disputed waters between the Paracel islands and the Vietnamese coast. Days after China deployed the rig, the Philippines accused Beijing of reclaiming land on a disputed reef in the Spratlys to build what would be its first airstrip in the South China Sea.

Vietnam PM: Chinese Oil Rig Threatens Peace

China's positioning of its biggest mobile oil rig in disputed waters in the South China Sea seriously threatens peace, stability, and maritime safety, Vietnam's prime minister said on Wednesday, urging the international community to condemn Beijing's action. Nguyen Tan Dung held two-way talks with Philippine President Benigno Aquino during an official two-day visit to Manila to discuss defence and security and economic and cultural ties. "China's illegal placement of the oil rig seriously threatens peace, stability, maritime safety and freedom of navigation in the East Sea…

Aquino: China Violates Informal 'Sea Code'

Philippine President Benigno Aquino accused China on Monday of violating a 12-year-old informal code of conduct in the South China Sea with land reclamation work in a disputed shoal. China has stepped up activity to assert its claim to most of the energy-rich South China Sea. But Brunei, Malaysia, the Philippines, Vietnam and Taiwan also have claims over parts of the sea through which about $5 trillion of ship-borne goods pass every year. China's activity has in particular raised alarm in the Philippines and in Vietnam, where a dispute over an offshore drilling rig sparked deadly anti-Chinese riots last week.