Bohai Bay News
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Charles Li, the chief executive officer of Hong Kong Exchanges & Clearing Ltd., put on a tuxedo for the first time and stood before a crowd of 2,000 metals professionals at London’s Grosvenor House Hotel in October, capping an impromptu speech with a couple minutes of Mandarin.
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ConocoPhillips, the third-largest U.S. oil company, takes responsibility and will compensate those affected by two oil spills in China’s Bohai Bay in June.
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Cnooc Ltd., China’s largest offshore energy explorer, said it has made an “important” discovery in the Penglai 9-1 block in Bohai Bay.
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ConocoPhillips received approval to resume production at the Penglai 19-3 oilfield off the northeast coast of China, which was closed in 2011 after an oil leak.
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China National Offshore Oil Corp., the country’s largest offshore oil producer, said the spill at Penglai 19-3 field in Bohai Bay is regrettable and that it’s sorry for not preventing the accident.
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Cnooc Ltd., China’s biggest offshore oil and gas producer, received an initial approval to restart its largest offshore oilfield, which was shut in 2011 after an oil leak.
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Goldman Sachs Group Inc. persuaded a judge to dismiss Overstock.com Inc.’s lawsuit alleging the investment bank manipulated short sales of the online retailer’s stock from 2005 to 2007, causing the shares to fall.
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After studying chemistry at Shanghai’s Fudan University, Jane Chuan and Wang Youqi pursued doctorates in the U.S. She got hers from what’s now the University of Buffalo in 1988, the year they married. Wang graduated in 1994 from the California Institute of Technology.
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Cnooc Ltd. said it may extend beyond March the deadline for its purchase of Nexen Inc., China’s largest foreign takeover, even as the company expects production growth to come from overseas.
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China National Offshore Oil Corp. and ConocoPhillips agreed to pay 2.28 billion yuan ($360 million) to resolve claims and pay for environmental programs in China’s Bohai Bay after spilling 3,000 barrels of oil and drilling mud in the area last year.
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