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.
Cnooc Ltd., China’s largest offshore energy explorer, said it has made an “important” discovery in the Penglai 9-1 block in Bohai Bay.
Brightoil Petroleum Holdings Ltd. will buy oil and gas assets in China’s Bohai Bay from Anadarko Petroleum Corp. for $1.08 billion in its biggest deal ever. Brightoil shares surged.
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.
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.