11.   Doshi said Asia needed to offer more incentives to attract foreign exploration firms.

12.   The Philippine government has put in place a new set of rules to encourage oil exploration firms to engage in power generation, the Energy Department said Tuesday.

13.   The US-based exploration firm is conducting tests in an area that China claims is part of its territorial waters around the Spratly Islands.

14.   This was balanced by a provision for a decline in value of investment in an oil exploration firm.