News in briefConocoPhillips set to spend $1.8 billion on Bohai Bay, say Chinese news reports
ConocoPhillips plans to invest $1.8 billion in production and other facilities for the Penglai 19-3 field in Bohai Bay, according to Chinese news reports.
The project will include a floating production, storage and transport facility that could be nearly a thousand feet long, or about the length of....
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