China’s State Oceanic Administration was sued for misconduct in allowing ConocoPhilips to resume operations in Bohai Bay after a 2011 oil spill, the state-run Global Times reported, citing a lawyer for the plaintiff.
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.
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.
China National Petroleum Corp., the parent of the country’s biggest energy company PetroChina Co., said its chairman was given a “disciplinary warning” by the government after accidents at Dalian port since July last year.
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.
An oil leak at China’s Bohai Bay affected 840 square kilometers (324 square miles) and polluted some of the marine environment, the official Xinhua News Agency reported, citing the State Oceanic Administration.
China National Offshore Oil Corp. said 29 fishermen had sued the country’s biggest offshore energy explorer for 234 million yuan ($34 million) for economic losses following oil leaks in Bohai Bay last year.