ConocoPhillips back in operation at China offshore oil field, WSJ says China's State Oceanic Administration said the Penglai 19-3 oil field in China's northern Bohai Bay could resume operations after making a number of unspecified changes, allowing ConocoPhillips (COP)to resume full operation at the offshore Chinese oil field after being sanctioned by Beijing over oil spills in 2011, says the Wall Street Journal. ConocoPhillips's China unit owns 49% of the field and China's Cnooc (CEO) owns the remainder. Reference Link
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