On Thursday China told Vietnam to halt unilateral oil exploration in disputed areas of the South China Sea and not harass Chinese fishing boats, again upping tensions in a protracted maritime territorial dispute with its neighbor.
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
Husky Energy (TSE:HSE) reports that the comoany has completed the drilling of a second appraisal well at the Liuhua 29-1 discovery on Block 29/26 in the South China Sea.
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