Chevron signs up for South China Sea acreageChevron China and China National Offshore Oil Corp. (CNOOC) have entered into production sharing contracts (PSC) for two exploration blocks in the South China Sea, the company announced on 16 January 2013…
The South China Sea didn’t get a lot of respect – until the last few decades anyway. Now the area that rests between China and its fledgling Southeast Asian neighbors has become a geopolitical flash point. Tensions turned into a shooting war in the 1970s and looks like it could again…
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