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Halt on WPS oil search seen to discourage investments

dc.contributor.authorAtienza, Kyle Aristophere T.
dc.coverage.spatialSouth China Seaen
dc.coverage.spatialWest Philippine Seaen
dc.coverage.spatialBeijingen
dc.coverage.spatialPhilippinesen
dc.date.accessioned2023-01-20T08:54:20Z
dc.date.available2023-01-20T08:54:20Z
dc.date.issued2022-04-21
dc.identifier.citationAtienza, K.A. (2022, April 21). Halt on WPS oil search seen to discourage investments. Business World, pp. S1/1, S1/8.en
dc.identifier.urihttp://hdl.handle.net/20.500.12174/12673
dc.language.isoenen
dc.publisherBusinessWorld Publishing Corporationen
dc.relation.urihttps://www.bworldonline.com/top-stories/2022/04/21/443477/halt-on-wps-oil-search-seen-to-discourage-investments/en
dc.subjectexplorationen
dc.subjectdisputesen
dc.subjectterritorial watersen
dc.subjectexclusive economic zonesen
dc.subjectgovernmenten
dc.titleHalt on WPS oil search seen to discourage investmentsen
dc.typenewspaperArticleen
dc.citation.journaltitleBusinessWorlden
dc.citation.firstpageS1/1en
dc.citation.lastpageS1/8en
local.seafdecaqd.controlnumberBW20220421_S1/1en
local.seafdecaqd.extractEconomic and maritime experts on Wednesday warned that the government’s decision to halt oil exploration activities in parts of the South China Sea claimed by the Philippines would push firms to rethink their investments in the area. They issued the warning after listed firm PXP Energy Corp. was directed by the Department of Energy (DoE) to put on hold its exploration activities in its service contracts in the West Philippine Sea (WPS) until it secures clearance from a Cabinet cluster overseeing diplomatic and national security concerns. “Other service contractors have seen what happened to PXP, which already has a long-standing contract and the best prospects for development. If despite that, the Philippines remains unwilling to commit to the contract, I expect those other contractors to start thinking twice,” Jay L. Batongbacal, a maritime expert from the University of the Philippines, said in a Viber message.en
local.subject.personalNameBatongbacal, Jay
local.subject.personalNameDuterte, Rodrigo
local.subject.personalNameRivera, John Paolo
local.subject.personalNameAndanar, Jose Ruperto Martin
local.subject.personalNameRidon, Terry
local.subject.personalNameArances, Gerry
local.subject.corporateNamePXP Energy Corp.en
local.subject.corporateNameDepartment of Energy (DOE)en
local.subject.corporateNameUniversity of the Philippines (UPV)en
local.subject.corporateNameAsian Institute of Managementen
local.subject.corporateNameCenter fo Energy, Ecology, and Developmenten
local.subject.corporateNameInternational Energy Agencyen


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