• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 10 hours Could Venezuela become a net oil importer?
  • 2 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 13 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 19 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 10 hours Gazprom Exports to EU Hit Record
  • 13 hours Why is permian oil "locked in" when refineries abound?
  • 3 hours Oil prices going down
  • 11 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 10 hours Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours Oil Buyers Club
  • 13 hours EVs Could Help Coal Demand
  • 8 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 19 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 hour Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
Alt Text

Permian Discount Could Rise To $20 Per Barrel

Midstream constraints plaguing Permian drillers…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory 22nd September, 2017

Rig

China’s belligerence towards its neighbors in the South China Sea is hampering oil and gas exploration in the basin, analysts are warning. A couple of months ago, China threatened Vietnam with a military response after the country gave Spain’s Repsol the go-ahead to start drilling in a disputed block. Now, Indonesia, which has an exclusive economic zone in the South China Sea, has said it will use its military to secure oil and gas exploration in the zone.

China shares the basin with Vietnam, the Philippines, Malaysia, Brunei, and Taiwan, but it is claiming roughly 90% of it. Its neighbors are naturally not happy with its claims but the Asian giant has remained unfazed by their protests to its territorial claims. Due to the size of its market, oil players eyeing projects in the region need to tread extremely carefully, which in reality means making sure they play by Beijing’s rules.

At the same time, however, China doesn’t seem to be too eager to develop its own resources in the disputed areas of the sea. That’s because more than 70% of the discovered reserves within the area that China claims as its own are commercially unviable.

There are also doubts about the total oil and gas resources in the South China Sea but due to the heightened regional tensions new estimation activities are unlikely to happen soon. Meanwhile, Chinese fields are nearing depletion and the country’s state oil giants are buying production assets…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News