Vietnamese Fishermen Want Action Against China
A Vietnamese fishermen's group has called on the government to take stronger measures for the removal of a Chinese oil survey vessel that Vietnam accuses of violating its sovereignty in the South China Sea.Vietnamese and Chinese ships have been in a weeks-old standoff near an offshore oil block, the latest confrontation in waters that are a potential global flashpoint as the United States challenges China's sweeping maritime claims.The busy waterway will be high on the agenda this week as countries of the Association of Southeast Asian Nations (ASEAN) meet in Bangkok with foreign ministers from China, the United States and other powers.Vietnam…
Vietnam, China in South China Sea Standoff
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.China's U-shaped "nine-dash line" marks a vast expanse of the South China Sea that it claims, including large swathes of Vietnam's continental shelf where it has awarded oil concessions.The Haiyang Dizhi 8, a ship operated by the China Geological Survey…
CNPC Eyes Myanmar for LNG Terminal
China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG). China National Petroleum Corporation has proposed developing a terminal in Kyaukphyu to receive imported LNG, local media quoted an official from state-owned Myanma Oil and Gas Enterprise. He said that companies from China, Korea, Japan, Norway, Singapore and Thailand have already proposed investment into LNG development projects in Myanmar, and feasibility studies have been completed. The Myanmar-China natural gas pipeline, which begins at Kyaukphyu in Rakhine State, began full operations in late 2013.
Exxon Mobil Plans to Drill Wells in Indonesia
Exxon Mobil plans to drill three exploratory wells in an Indonesian offshore oil block over the next three years, a company official said on Wednesday. Exxon Mobil signed an oil contract with the Indonesian government last month 2,062 sq mile of the offshore Surumana block in the Makassar Straits. The government had said that in the case of Surumana, any oil find would be split 65:35 percent between government and contractor. Meanwhile, any gas find would be split 60:40 percent. Officials say Indonesia still has around 4.1 billion barrels of proven oil reserves and about 4.5 billion barrels in potential reserves. Currently Exxon Mobil has several oil and gas working areas in Indonesia, including in Cepu block on Java island.
