OGJ Newsletter

09/12/2011
GENERAL INTEREST — Quick Takes ConocoPhillips sets up fund for Bohai Bay ConocoPhillips plans to establish a fund related to June oil spills at Penglai 19-3 field in Bohai Bay, saying the fund will be designed to address ConocoPhillips's responsibilities in accordance with relevant laws of China and to benefit the general environment in Bohai Bay. "ConocoPhillips deeply regrets these incidents and apologizes for the impact that the incidents have had on the Chinese people and the environment," said James J. Mulva, ConocoPhillips chairman and chief executive officer. The company completed a temporary shutdown of oil and natural gas production at Penglai 19-3 field in Bohai Bay as...
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