ConocoPhillips Reports Oil Leak In China's Bohai Bay


Chinese oil company CNOOC Limited (Hong Kong: 0883) announced on Monday it received word that the local subsidiary of U.S. oil company ConocoPhillips ( COP ) is cleaning up a "small and contained" oil spill, on the site where a much larger spill occurred last year.

The spill was caused when a hose carrying oil decoupled from the ConocoPhillip's Penglai 19-3 oil facility. The company said 600 kilograms (about 1,200 pounds) of oil leaked into the Bohai Bay in North China, said CNOOC, which is co-developing the oil field with the U.S., company.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Commodities

Referenced Stocks: COP

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by