Tag: Oil spills

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Chinese Oil Giant's Shares Tumble in Spill Controversy

Chinese oil company CNOOC has watched its share price fall following a growing controversy over an oil spill in the Bohai Gulf. From the Los Angeles Times blog: Shares were down 2.1% in midday trading in Hong Kong after falling 8.9% Monday. The sell-off comes amid growing criticism about the handling of the oil spills in China’s northeastern Bohai Sea by CNOOC’s partner, ConocoPhillips. The U.S. oil company operated two platforms in an offshore oil field named