Rosneft says South China Sea drilling is within Vietnam waters

Rosneft says South China Sea drilling is within Vietnam waters

Drilling in the South China Sea by Rosneft is within Vietnamese territorial waters, the Russian state oil firm said in a statement on Thursday, two days after its Vietnamese subsidiary began drilling in Vietnamese waters claimed by China. Rosneft's local unit, Rosneft Vietnam BV, is concerned that its recent drilling in an area of the South China Sea that falls within China's "nine-dash line" could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday.


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Exclusive – As Rosneft’s Vietnam unit drills in disputed area of South China Sea, Beijing issues warning

Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft (ROSN.MM), is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do "Red Orchid" offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is "within the area outlined by China's nine-dash line," according to energy consultancy and research firm Wood Mackenzie.


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3D Printer Stocks to Get Boost From Military, Defense Contractors

The military and defense contractors appear poised to come to the rescue of 3D printer makers and 3D printer stocks. After investors became excited about 3D printing stocks around five years ago, causing them to rise sharply, they have failed to live up to the hype. Demand for 3D printers has been much lower than expected and the prices of 3D printer stocks have collapsed.


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