Southeast Asia's flashpoint
Vietnam's need for more energy is reviving the disputes with Beijing over the South China Sea
Oil and gas-hungry Vietnam is tweaking the lion's tail in a long-disputed part of the South China Sea that could bring to a head a simmering row with China. Hardly a month after China oversaw the development—or rather revival—of a "negotiating framework" with Vietnam and other claimant nations intended to establish a code of conduct for arguments in these waters, Vietnam began exploration in the Spratly Islands over which China has unilaterally asserted its rights. Almost immediately, China cancelled a defence meeting with Vietnam. In the process put in jeopardy the code of conduct that Chinese foreign minister Wang Yi had hailed as a solid foundation that would ensure a generally stable sit
Also in this section
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true






