Conoco Phillips sounds promising again as according to China’s State Oceanic Administration, Conoco Phillips might very soon restart biggest offshore oilfield that was shut long ago in 2011 due to an oil spill. It was decided in January this year that it would commence soon after the necessary approvals were obtained from concerned authorities. Conoco Phillips has 49% stake in this venture.
Read the full article here:
ConocoPhillips to restart China’s largest offshore oilfield