Bohai Bay Spill Puts Conoco's Shale Gas Hopes In Doubt

摘要

BMI View: An ongoing oil spill in China's Bohai Bay has hurt ConocoPhillips's reputation in the country, and potentially undermined the company's chances of expanding into China's burgeoning shale gas sector. US major ConocoPhillips and state-run China National Offshore Oil Corporation (CNOOC) may face fnes of more than CNY100mn (US$15.65mn) for an oil spill in China's Bohai Bay that the companies have struggled to contain for more than two months, according to various Chinese media reports.