- Repsol (OTCQX:REPYF, OTCQX:REPYY) says it has suspended oil drilling offshore Vietnam, after China's government pressured the country to stop prospecting in South China Sea waters it claims.
- China had urged a halt to the exploration work, and a decision to suspend drilling reportedly was taken after a Vietnamese delegation visited Beijing.
- Drilling began in mid-June in Vietnam's Block 136/3, which is located inside the U-shaped "nine-dash line" that marks the vast area that China claims and overlaps what it says are its own oil concessions.