south china sea

Rhetoric over China’s land reclamation work, placed at more than 2,000 acres, on submerged reefs and inlets in the Spratly Islands in the South China Sea (SCS) has entered its fourth week. The latest installment of this high-stakes drama reignited in early May when US satellite images showed that China had been building artificial islands… Keep reading →

CNOOC Drops Bid For Unocal

A rig that had been doing exploratory oil and gas drilling in contested South China Sea waters completed its operations about a month early and was moved from the area earlier this week. “Hanoi had said the rig was in its 200-nautical-mile exclusive economic zone and on its continental shelf. Beijing had said it was… Keep reading →

6th International Petroleum & Petrochemical Technology and Equipment Exhibition

By Everett Rosenfeld Territorial conflict is an old story in the South China Sea, where several nations make conflicting claims on the region—and its oil and gas potential. But the escalating conflict between Vietnam and China is something new altogether. Le Quang Nhat | AFP | Getty Images Anti-China protesters march while shouting slogans in Ho Chi Minh City, May… Keep reading →

China Launches Huge Oil Production And Storage Vessel

PENTAGON: Interspersed with strong declarations by Gen. Fang Fenghui,  head of the People’s Liberation Army’s general staff, that China is right in all of its territorial disputes in the East and South China Seas, there were clear indications that the United States and China are grappling with how to craft a more stable and more intimate… Keep reading →

China Launches Huge Oil Production And Storage Vessel

Chinese national oil company CNOOC built its own offshore oil drilling rig so as not to rely on western firms that could refuse to lease equipment used in disputed territorial waters in the South China Sea. CNOOC over the weekend moved that rig into to Vietnam’s 200 nautical mile exclusive economic zone to begin drilling.… Keep reading →

Sunoco Red Cross Pennsylvania 500 - Practice

Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →