The U.S. has accused China of “coercion” of Vietnam as it seeks to exploit oil and gas in the South China Sea, siding with Hanoi and chastising Beijing in sharp terms over its decision to send Chinese ships to Vietnamese territorial waters.
Talks are centered on sorting out differences on factors such as revenue share, extension of production-sharing contracts and investment credit.
Arbitrators rule that PDVSA only owes $33.7 million plus interest.
Design constraints and specifications that are best suited to each individual project need to be jointly defined and implemented.
Major U.S. oil producers on July 9 began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance.
The U.S. State Department on July 9 urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.