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PXP Energy Corp. told the stock exchange on Wednesday that the exploration well in offshore Peru, in which it has a stake, has drilled down to a depth of 1,654-meter measured depth (MD).
PXP Energy Corp. said on Tuesday that drilling had started for an exploration well in Peru in which it has participating interest.
PXP Energy Corp. said on Friday that the subscription agreement it signed with Davao City businessman Dennis A. Uy’s Dennison Holdings Corp. had been terminated by the two parties effective on March 29, 2019.
PXP ENERGY Corp. has again reached out to China National Offshore Oil Corp. (CNOOC) for the resumption of talks about jointly exploring petroleum in the contested seas but was met, so far, with silence, the local company’s chairman said.
THE holding company of Davao City businessman Dennis A. Uy has paid the 1% downpayment for its subscription to common shares in PXP Energy Corp., the listed oil and gas exploration company told the stock exchange on Tuesday.
THE chairman of PXP Energy Corp. has described the reported memorandum of understanding (MoU) between the Philippines and China for the joint exploration in the South China Sea, or the West Philippine Sea, as “a small but significant step” in advancing the development of carbon resources in the area.
INDEPENDENT oil company Phoenix Petroleum Philippines, Inc. is granting preferential rights to PXP Energy Corp. to participate and acquire up to a 49% stake in the former’s project to build a liquefied natural gas (LNG) terminal and a gas-fired power plant with a Chinese partner, the oil and gas exploration company told the stock exchange on Friday.
PXP ENERGY Corp. reported a net loss of P31.4 million in nine months to September this year, 37% bigger than year-ago’s P23 million consolidated losses attributable to equity holders of the parent firm as revenues lagged behind the cost and expenses during the period.
PXP ENERGY Corp. said an exploration block in Peru in which a subsidiary has participating interest had been removed from its force majeure status after recent changes in the hydrocarbon law in the foreign country.