Cebu To Produce Natural Gas and Oil

Wazzup Pilipinas!

Department of Energy (DOE) Secretary Alfonso G. Cusi today declared the Alegria Oil Field in Southern Cebu to have commercial quantities of natural gas and oil resources.

The pronouncement was made after the ceremonial signing of the Joint Declaration of Commerciality (JDC) between the DOE and the service contractor China International Mining Petroleum Company Limited (CIMP Co. Ltd.) on 14 March 2018 at the Hyatt Hotel-BGC in Taguig City. 

CIMP Co. Ltd. holds Petroleum Service Contract (SC) No.49, which covers the Alegria Oil Field.

Signing the declaration along with Cusi was CIMP Co. Ltd. Chair Lam Nam, while DOE Undersecretary Donato D. Marcos and CIMP Co. Ltd. Chief Executive Officer Eric Lai served as witnesses.

Exploration and drilling activities on the oil field by the service contractor started in 2009.

By 2016, the DOE and CIMP Co. Ltd. jointly established that the oil field contained commercial quantities of natural gas upon its discovery of oil accumulation in the adjacent hydrocarbon traps within the Alegria underground area.

The DOE and CIMP Co. Ltd. discovered an estimated 27.93 million barrels of oil (MMBO) with a possible production recovery of 3.35 MMBO or a conservative estimate of 12% of total oil in place/reserves.

For natural gas, about 9.42 billion cubic feet (bcf) reserves were found, with the recoverable resource estimated at 6.6 bcf or about 70% of total natural gas in place/reserves.

Based on the development plan crafted after the initial testing, the natural gas and oil production of the field may last until 2037.

The JDC outlined the roles and responsibilities of CIMP Co. Ltd., particularly its compliance with all conditions stated in the approved Plan of Development dated 19 December 2017.

Satisfy Your Urge to Party at Class Recess XII: Resurgence

Wazzup Pilipinas!

We’ve all been there. Late night, early morning, or sometimes even in a lazy afternoon, you feel a sensation building up. You feel like something’s missing from you; a sensation, a feeling, something you want, something you NEED. Everyone has those urges and like a popular ice cream brand would say, “Indulge.” However, some of those urges cannot necessarily be fulfilled each day. Thankfully, the International Order of DeMolay, Mt. Makiling Chapter along with the UPLB DeMolay Club thought about this and this year they are giving us a party to help us satisfy those urges with Class Recess. Class Recess XII: Resurgence is the twelfth installment of one of the biggest parties down south. Every year, DeMolay keeps on upping the ante to make sure that we enjoy great company, make amazing memories, and satisfy our urges. Speaking of satisfying certain urges and feelings, here are a few urges you can certainly satisfy in Class Recess: Resurgence. The Urge to get wasted Exams, reports, and toxic groupmates can really take a lot out of you, so to unwind you usually get a drink or two (or seven) at Jacques Pub. The only problem is with your workload, you don’t have time to schedule an "inuman sesh" with your friends. Class Recess is here to satisfy your thirst, along with long time partners, Tanduay and Smirnoff Mule. So prepare your livers and hope that you wake up for your classes tomorrow. The Urge to meet someone (new?) Ever feel like you see the same people every day? Same classmates, same friends, same people walking around Raymundo or Grove, etc. Let Class Recess remind you of how huge the Elbi community is with a pool of party people you don't see very often. Moreover, with DeMolay’s color-status system you’ll get a hint if the person you’re talking to is looking for a friend, a one-time thing, or something long-term. So go on… wear your status. The Urge to party Look, I get it; sometimes life can get toxic. That’s why we have to unwind every once in a while. However, sometimes it can be guilt inducing especially when you have deadlines, homeworks and exams. They thought of that, they thought of your needs and demands which is why they scheduled this party right after the midterms season so you can party to your heart’s (and liver’s) desire. Class Recess: Resurgence is coming to you this April 5th! Look up Class Recess: Resurgence on Twitter and Facebook for more details. You can also contact any DeMolay member to satisfy your need to know more about this party.

https://www.facebook.com/MakilingDeMolay/?pnref=story

Urges are natural. So why not satisfy them? #ClassRecessXII #SatisfyYourUrge

ONE Championship Announce Partnership with Great Sports Media at One: Battle for the Heavens

Wazzup Pilipinas!

The largest global sports media property in Asian history, ONE Championship (ONE), recently held a press conference at the SMG Building in Shanghai, China to announce a partnership with Great Sports Media. The partnership will commence at ONE: BATTLE FOR THE HEAVENS, which takes place 26 May at the Shanghai Oriental Sports Center. In the main event, reigning ONE Women’s Strawweight World Champion “The Panda” Xiong Jing Nan returns home to China to defend her title against the challenger, Laura “La Gladiadora” Balin of Argentina.

Ticket information for ONE: BATTLE FOR THE HEAVENS is available at www.onefc.com.

Victor Cui, CEO International of ONE Championship, stated: “ONE Championship is proud to announce its partnership with Great Sports Media, to bring fans the unique action of world class martial arts to the Chinese audience. Martial arts is on the rise globally, and ONE Championship is the home of martial arts. Xiong Jing Nan is an incredible martial arts champion and we are extremely proud of her accomplishments. ONE: BATTLE FOR THE HEAVENS is going to be a spectacular evening that fans will not soon forget. We are excited to continue delivering an authentic martial arts experience to fans all throughout China.”

Weng Weimin, General Manager of Great Sports Media, stated: “Recently combat sports are growing very fast in popularity. We believe ONE Championship has a bright future in China, and we share the same culture and values. We hope though joint efforts to introduce this sport to a wider Chinese audience, makes them fall in love with ONE more.”

Great Sports Media, the holding company of Shanghai Media Group Inc. is one of China’s largest sports broadcasters. Under the Great Sports Media platform, all live ONE Championship events will be broadcast by Great Sports alongside a weekly magazine show.

ONE Championship and Great Sports spoke to media in attendance, revealing ONE Championship’s plans in China for the year 2018, including its stacked calendar of events. The two companies are set to collaborate throughout the foreseeable future and also announced that, two of the top talents from Great Sports, Ni Tianqi and Zhuang Ningyu, have joined ONE Championship as Chinese language cageside commentators.

Xiong Jing Nan, ONE Women’s Strawweight World Champion, stated: “Thanks to ONE Championship for giving me the great opportunity to perform at home in Shanghai, China in the one of biggest international cities of the world. It’s really honor for me as an athlete. Although I have experienced competing in China so many times, this time I feel so much more excited because I have the chance to showcase the beauty and strength of Chinese martial arts to the entire world on the ONE Championship platform. I will do my best to defend my title and bring honor and glory to my country.”

Laura Balin, ONE World Title Challenger, stated: “I am very thankful to ONE Championship for giving me the opportunity to compete for the ONE Women’s Strawweight World Championship. I am excited to join the organization and showcase my talents and skills on the global stage of martial arts. My opponent Xiong Jing Nan is a talented athlete, and it will be a difficult test for me. But I will bring my absolute best to the cage to bring the title back home to Argentina.”

“The Panda” Xiong Jing Nan of Shandong is the reigning ONE Women’s Strawweight World Champion. She is known as one of the top three leading female martial arts talents in China. With a professional record of 14-1, Xiong began her career competing in professional boxing and was inspired by her father, who imparted in her values of courage and integrity. Featuring a wide array of skills, Xiong recently bagged a gold medal at the prestigious China Open Brazilian jiu-jitsu tournament in 2017. In her last bout, Xiong figured in a gruelling championship encounter against Singapore’s Tiffany Teo, winning by technical knockout in the fourth round. Up next, Xiong returns to China to defend her title against Laura Balin.

Laura “La Gladiadora” Balin of Argentina is a female strawweight contender who will be making her ONE Championship debut at ONE: BATTLE FOR THE HEAVENS. Balin, who competed largely in Argentina for most of her professional career thus far, will compete for the very first time in Asia. She owns a professional record of 10 wins and two losses. Out of her 10 total victories, nine have come by exciting finish including five submissions and four knockouts. For Balin’s first foray into the ONE cage, the Argentinian warrior will face China’s Xiong Jing Nan for the ONE Women’s Strawweight World Championship.

For more updates on ONE Championship, please visit www.onefc.com, follow us on Twitter and Instagram @ONEChampionship, and like us on Facebook at https://www.facebook.com/ONEChampionship.