CNOOC’s Offshore Operations Signal China’s Takeover of Philippine Offshore Oil
Energy Showdown: How China’s CNOOC is Moving to Control Oil in Philippine Waters An energy security crisis is brewing for the Philippines. As the vital Malampaya gas field nears depletion, the Recto Bank (Reed Bank) emerges as the nation’s next energy hope—and the epicenter of a dangerous confrontation with China. The China National Offshore Oil Corporation (CNOOC), backed by state-owned…
