South China Sea
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Fossil Fuels
Philippines' PXP Energy eyes petroleum obstructs in non-disputed locations
Philippine petroleum business PXP Energy Corp will take part in a federal government auction of energy reserves in the nation's western and southern waters that are not declared by China, its chairman said on Monday. PXP Energy holds the rights to check out Reed Bank in the South China Sea, thought to be a resource-rich location which China claims as its own. Territorial disputes and legal differences have actually stalled PXP Energy's explorations for years. PXP Energy Chairman Manuel Pangilinan stated the business plans to instead to take part in an energy ministry auction revealed in February covering eight projects.
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Malaysia
Philippines claims extended continental shelf in South China Sea at UN
The Philippines filed with the U.N. a claim on Saturday for an extended continental shelf in the South China Sea. This is a waterway that has seen escalating maritime disputes between the Philippines and China. Marshall Louis Alferez said, "Today, we secure our future through the manifestation of our exclusive rights to explore and exploit our natural resources under our ECS entitlement". China claims nearly the entire South China Sea. This includes parts claimed by Brunei Malaysia Taiwan and Vietnam. The strategic waterway is rich in fish and oil deposits. It also has natural gas reserves. Beijing has rejected the