Philippines Approves Two New Petroleum Contracts to Boost Visayas Energy Exploration

President Ferdinand Marcos Jr. has signed new contracts with Texcal Mahato Inc. and Matahio Energy to explore oil, gas, and natural hydrogen in Visayas. This move enhances the country's efforts to secure indigenous energy resources amid rising fuel prices and regional tensions. The development indicates a strategic push towards diversifying energy sources and strengthening energy security, with further exploration expected in the near future.