ConocoPhillips Says Bohai Bay Cleanup Almost Complete

- ConocoPhillips Says Bohai Bay Cleanup Almost Complete



Aug 19, 2011

ConocoPhillips China (NYSE:COP) says the cleanup from the oil spills in China's Bohai Bay is nearly complete, with minimal impact to the environment.

The company said it "sincerely regrets" the incidents in Bohai Bay and "accepts its responsibilities.

ConocoPhillips (NYSE:COP) has a potential upside of 29.8% based on a current price of $63.79 and an average consensus analyst price target of $82.8.

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Oil Futures Land At Lowest In Almost 9 Months

- Oil Futures Land At Lowest In Almost 9 Months



Aug 8, 2011

Crude-oil futures on Monday settled at their lowest since late November as fear gripped markets following Standard & Poor's announcement late Friday to cut the U.S. debt ratings.

Crude for September delivery tumbled $5.57, or 6.4%, to $81.31 a barrel on the New York Mercantile Exchange -- the biggest one-day drop for a most-active oil contract since early May.

Oil had fallen 9.2% the previous week.

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Total CEO: Gas Production in Yemen Almost Normal

Total CEO: Gas Production in Yemen Almost Normal

Monday, March 28, 2011
Dow Jones Newswires
by  Adam Mitchell

Total continues to produce liquefied natural gas in Yemen at close to normal levels, Chief Executive Christophe de Margerie said Monday.

Like a number of other countries in the region, Yemen is in political crisis with protests against the regime there.

Total's priority in the country is the safety of its workers and its installations, de Margerie told reporters, adding that it will produce there for "as long as we can."

The company currently is producing "almost normally," he said, without elaborating.