ConocoPhillips, CNOOC to pay $267 million for China spill

U.S. oil firm ConocoPhillips and its partner CNOOC(NYSE:CEO) have agreed to pay 1.683 billion yuan ($266.89 million) in compensation for a series of oil spills off the coast of northern China last year. More on Yahoo/Reuters You can also read our previous post. China National Offshore Oil Corp. is a Global Compact participant since 2008/06/25. It was a Gold Contributor to the Foundation for the Global Compact in 2011.

Conoco, Cnooc Parent Reach $160 Million Oil Spill Settlement

ConocoPhillips and China National Offshore Oil Corp. will pay about $160 million to compensate Chinese fishermen for losses arising from oil leaks...
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China National Offshore Oil Corp. (CNOOC) is a Global Compact participant since 2008/06/25. CNOOC was a Gold Contributor to the Foundation for the Global Compact in 2011, 2010 and 2009.

China to sue for oil leak compensation

China's maritime authority on Tuesday confirmed that it will sue companies responsible for oil leaks in the Bohai Bay. China's maritime authority on Tuesday confirmed that it will sue companies responsible for oil leaks in the Bohai Bay. (...) ConocoPhillips China, a subsidiary of US energy giant ConocoPhillips, first reported spills to authorities in June (...). Oil-drilling operations in the field are conducted by ConocoPhillips China, partnering with Global Compact participant China National Offshore Oil Corporation (CNOOC). Read more.