Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.
South China Sea
China’s biggest offshore driller is being targeted in the final days of President Donald Trump’s administration for its activity in the South China Sea.
Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.
The Chinese coast guard has been harassing a drilling rig contracted to Thailand’s PTTEP in Malaysian waters off Sarawak as the company attempts to appraise its biggest ever gas discovery.
CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
A pair of oil and gas fields controlled by Japanese companies offshore Vietnam could become a potential flash point in the disputed waters of the South China Sea as Beijing continually seeks to aggressively assert its claims.
Petronas has said it is “deeply saddened” after a maintenance vessel crashed into a platform in the South China Sea, killing two people.
Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
China has arguably triumphed in its face-off with Malaysia over oil and gas exploration in the disputed waters of the South China Sea.
Philippine President Rodrigo Duterte will meet Chinese leader Xi Jinping on Thursday with a plan to play his ace card -- an international ruling that invalidated some of Beijing’s claims in the South China Sea.
Wood Group has landed a deal with by China National Offshore Oil Corporation (CNOOC) in the South China Sea.
Major hurdles to overcome before ‘flammable ice’ can replace traditional oil and gas, academic claims
Major obstacles stand in the way of ‘combustible ice’ becoming the new black gold, according to a leading industry academic.
CNOOC said production has started from its Enping 18-1 oilfield off the South China Sea.
China has said it is closing off part of the South China Sea for military exercises this week.
China is reportedly aiming to launch a series of offshore nuclear power platform to promote development in the South China sea.
Beijing has said it could declare an Air Defence Identification Zone over the South China Sea, in a move that would sharply escalate tensions in the disputed territory.
China has issued a policy paper calling the South China Sea islands its territory as it blamed the Philippines for stirring trouble, a day after an international tribunal ruled that Beijing had no legal basis for its expansive claims.
An arbitration court today ruled the China has no historic rights to the resources in the hotly contested South China Sea.
US defense secretary Ash Carter will visit an American aircraft carrier transiting the disputed South China Sea.
China has rejected Vietnam's second demand this year to move a controversial oil rig and drop its plans to drill in disputed waters in the South China Sea.
China's CNOOC has begun started production at two new offshore projects in the South China Sea.