China Energy Update 9/1

Philippines gets 4 bids for disputed S.China Sea oil, gas blocks Reuters Energy officials were quick to play down the South China Sea territorial dispute as a reason for the poor turnout. "We don't think the tension in the West Philippine Sea area had a negative impact on our efforts," Energy Undersecretary Jose Layug told ...

Oil Majors Avoid Philippine Bids for China-Claimed Sea Blocks Businessweek Makati City-based Helios Petroleum and Gas Corp. submitted offers for two of the blocks, while a group including Philex Petroleum Corp. (PXP) bid on one, according to Energy Undersecretary Jose Layug. Two of the three areas fall within China's so-called ...

Wind Tower Tariffs Disappoint China, Makes US Wind Energy Manufacturers ... Z6Mag The markets seemed to react positively to the news of this new tariff increase when a major Wind Energy manufacturer's stock rose by 13% just hours after the ruling. On the other side of the world manufacturers in China and Chinese officials are incredibly ...

Philippines: big energy companies stay away from exploration bids – for now Financial Times (blog) Four mostly Philippine groups, including one which counts a British company as member, submitted bids on Tuesday to look for oil and gas in three energy exploration blocks covering 1.6m ha of waters west of the Philippines in the South China Sea.

Philippines to bid out disputed South China Sea oil, gas blocks Chicago Tribune "All the areas we have offered are well within the 200 nautical mile exclusive economic zone of the Philippines under the UNCLOS (United Nations Convention of the Law of the Seas)," Jose Layug, an undersecretary in Manila's Department of Energy, told ...

China fuel prices hit trigger point for a rise Reuters BEIJING, July 31 (Reuters) - China, the world's second-largest oil consumer, may consider raising the prices of gasoline and diesel after three consecutive price cuts as a rise in a basket of crude oil prices hit a trigger point, data from an energy consultancy ...

Philippines gets bids for S. China Sea exploration WJAC Johnstown China is claiming to own waters that lie very near the Philippines, including one area just 79 kilometers (49 miles) northwest of Palawan province, according to Energy Undersecretary Jose Layug Jr. The two oil exploration areas for which the bids were ...

Philippines accepts bids for gas, oil exploration in S. China Sea Equities.com MANILA, July 31 -- (Kyodo) _ The Philippines said Tuesday it has accepted bids from six companies, including a British-based petroleum company, to explore for natural gas and oil in the disputed South China Sea. The Philippine Department of Energy said ...

KuicK Research: China Going For Knowledge Investment To Gain Shale Gas ... Equities.com China is slowly inching towards taking a lesson or two from the pioneers with the classic investment formula. The government has given priority to shale gas development to achieve its energy security, due to which the companies have the arduous task of ...