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  • October 25, 2014
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  1. Business - Commodities - ENERGY

    Saudis avoid 1980s mistakes to halt oil price fall as glut builds

    Posted Oct 14th 2014, 11:54am by Reuters

    ... shoulder the responsibility for managing the whole oil market”, said Sadad al-Husseini, a former top executive at state-run Saudi Aramco. From an economics point of view, it’s much better to let ... is in no hurry to curb the emerging oil glut. The grim circumstances of the 1980s dominated the formative years of King Abdullah’s rule, when as de facto regent during the long illness of his predecessor ...

  2. Business - China Business - ENERGY

    Beijing warned not to cut wind power tariffs

    Posted Oct 25th 2014, 03:41am by Eric Ng

    ... owed by government remained in arrears, said Hu Guodong, deputy general manager of Hong Kong-listed China Datang Corporation Renewable Power. "To reach the 2020 target, we need up ... to become a mainstream source of electricity if the project developers reduced costs by adopting more advanced technology and improved management. Besides proposing a power price cut, Beijing ...

  3. Business - Companies - ENERGY

    Hot summer sees Hong Kong lead way in CLP electricity sales

    Posted Oct 20th 2014, 02:08pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com CLP’s electricity sales in the first nine months of the year to Hong Kong and mainland China increased 2.7 per cent year on year to 26,613 gigawatt-hours (GWh), the power supplier said on Monday. It also said it had begun importing additional nuclear power from the Daya Bay nuclear power station in Guangdong from this month to mitigate and manage ...

  4. Business - Commodities - ENERGY

    Saudis like low oil prices to slow US shale expansion

    Posted Oct 13th 2014, 12:56pm by Reuters

    ... in years. Venezuela, one of the cartel's most price-sensitive members, became the first to call openly for emergency action even earlier. Foreign Minister Rafael Ramirez said: "It ... to be the first to articulate the emerging view of Opec's most influential member, saying output cuts would do little to prop up prices in the face of rising production from Russia and the US. Omair ...

  5. Business - China Business - ENERGY

    Huaneng Power jumps on 9.27b yuan deal with parent firms

    Posted Oct 14th 2014, 02:43pm by Eric Ng

    ... five months of this year. The issues needed clarification from management, he said. Huaneng Power's spokesman could not be reached by phone. Dai said that while the acquisition would lift ...

  6. News - China - ENERGY

    China National Petroleum Corp anti-graft chief Wang Lixin 'detained'

    Posted Oct 10th 2014, 04:54am by Eric Ng

    ... They were former deputy general managers Wang Yongchun and Li Hualin, former vice president Ran Xinquan and PetroChina's former chief geologist Wang Daofu. A few days later, Jiang Jiemin, ... company officials are thought to connected to the corruption probe into the former national security chief Zhou Yongkang. Zhou was a former general manager of CNPC and the energy sector was one ...

  7. Business - Commodities - ENERGY

    Chinese property investors move into US shale oil market

    Posted Oct 11th 2014, 04:15am by Toh Han Shih

    ... year on year over the next five years." The shale oil boom in North Dakota started in 2007, and has grown into a major industry, said Alvin Wang, Singapore manager of North Dakota ...

  8. Business - Commodities - ENERGY

    Solar industry emerges from darkness

    Posted Nov 01st 2013, 03:23am by BLOOM

    ... Bloomberg in New York Installations at power plants and on roofs are expected to swell 40 per cent in 2013 amid speedy recovery from a two-year slump Solar industry emerges from darkness ... supply." This is an industry that’s got out of its childhood, emerged from adolescence and is poised to enter adulthood MARK MENDENHALL, TRINA SOLAR Investors poured US$205 billion ...

  9. Business - Companies - ENERGY

    Hong Kong solar investor reveals global ambition

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... money to do it. Cheng Kin-ming, the chairman and founder of Asia Pacific Resources Development Investment, is considering a public listing for the holding company he created to manage what may ...

  10. Business - Commodities - ENERGY

    Anton Oilfield chief relocates to Hong Kong amid downturn

    Posted Sep 08th 2014, 04:13am by Eric Ng

    ... and removed from their posts, resulting in delays in new projects and less outsourcing of oilfield services after new managers were installed. Hua Bangsong, chairman and controlling shareholder ... The move was not previously reported. He dismissed concerns his absence would affect his management effectiveness. "I am still the chairman and chief executive... I still attend ...




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