Production platforms in war zones are a Really Bad Idea, so Big Oil will take its time, I fancy.

Did you spot that the US Navy is back in Cam Ranh Bay as well as sending ships to Subic? I count two SSNs popping up in Subic recently... hint hint...

Interestingly the Indian Navy, who are really pithed off with the PLA Navy opening bases in Pakistan and Sri Lanka, are running annual cruises into the South China Sea calling at Camh Ranh Bay and at Subic