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  1. Orient targets shale gas resources

    Posted Mar 06th 2012, 12:00am

    ... of conventional natural gas reserves or due to a lack of information. The mainland's Ministry of Land and Resources last week released a more conservative technically recoverable resources estimate ... largest technically recoverable shale gas resources amounting to 1,275 trillion cubic feet, according to a report by the United States Energy Information Administration. This is about 50 per cent ...

  2. Conservation fight looms over Soko Islands

    Posted Jul 12th 2006, 12:00am by Denise Tsang

    ... of vessels in the busy Ma Wan Channel. Anticipating an outcry by green groups against the Soko plan, CLP is understood to have offered to build a marine exclusion zone to preserve marine life, in place of a 2001 government plan that earmarked the area as a marine park. But environmentalists rejected the idea, saying it was just a ruse to keep the public away from the LNG terminal. ...

  3. Licence surge to open market for marine fuel

    Posted Jul 09th 2011, 12:00am

    ... Cut-throat competition in the mainland's market for marine fuel is set to escalate, with Beijing poised to issue more licences to would-be operators this year. The move is an attempt by China to increase its share of the global marine fuel supply by forcing its domestic players to improve their efficiency through greater competition. The Ministry of Commerce is reviewing ...

  4. Pressure grows to conserve energy

    Posted Mar 14th 2005, 12:00am by Eric Ng

    ... To address energy security concerns, Beijing is expected to implement more measures this year to encourage conservation of energy and resources, after Premier Wen Jiabao outlined policy directions ... ERIC NG in Beijing China has chalked up an oil and petrochemical trade deficit of more than US$30 billion, prompting greater urgency to conserve and find replacement fuel, according ...

  5. China giants tap foreign firms in resources hunt

    Posted Aug 28th 2006, 12:00am by Staff Reporter

    ... conservative nature of the mainland regulators who must sign off on any such move, the need to try some new approaches to satisfy China's thirst for resources may overwhelm any doubters. Oil ... Tim LeeMaster PetroChina, Shenhua lead billion-dollar search for much-needed raw materials Some of the mainland's biggest natural resource companies, including PetroChina and China ...

  6. China Resources posts 12.3pc drop in profit

    Posted Nov 20th 2008, 12:00am by Carol Chan

    ... Carol Chan China Resources Enterprise warned of a tougher operating environment after posting a 12.3 per cent drop in third-quarter earnings. Profit for the three months to September ... to HK$2.16 billion on a turnover of HK$50.14 billion, excluding gains from the disposal of its petroleum business in June last year. China Resources, which operates supermarkets and produces Snow ...

  7. Business - Companies - ENVIRONMENT

    Merchants step up protest over Cathay Pacific's shark fin cargo ban

    Posted Sep 20th 2012, 12:00am by JOANNA CHIU

    ... "The ban will greatly harm our industry's reputation," Marine Products Association chairman Ricky Leung Lak-kee said. The protest will be held near the Admiralty offices of the Swire ... products." The spokeswoman said the ban was based on a report from the International Union for Conservation of Nature, a forum for governments, NGOs, scientists, business and local communities ...

  8. What price for the Sokos?

    Posted Jan 10th 2007, 12:00am by Markus Shaw

    ... In 2002, the government proposed a plan to make the waters around the Sokos a marine park. The Agriculture, Fisheries and Conservation Department called the waters around southwest Lantau and the Soko Islands 'important fishery spawning and nursery grounds' and said that the plan for a marine park would contribute to the conservation of fishery resources. It added: 'The ...

  9. Oil spills a threat to marine biodiversity

    Posted Jul 02nd 2011, 12:00am

    ... reports of impact to wildlife, fishing, or shipping activities'. However, Professor Zhao Xuelei, a marine environment researcher with the administration's First Institute ...

  10. China Petrochemical escapes full resource tax

    Posted Oct 15th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Petrochemical, the mainland's second-largest oil and gas producer, will not have to pay the full resource tax rate as Beijing plans to charge less ... an average resource tax rate of 3.7 per cent, Bloomberg reported. This is lower than the 5 to 10 per cent range announced by the State Council on Monday under a reform of the tax that will take ...




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