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  • April 17, 2014
  • Last updated: 1:53am
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Results 1 - 10 of 86 for financial services

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  1. Business - Commodities - ENERGY

    China Inc joins the big league in oil and gas services

    Posted Apr 16th 2014, 01:21am by Reuters

    ... Reuters China emerges as force in oil and gas services Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals. State-run and privately controlled Chinese rig makers, oil and gas services and engineering firms are showing up in the supply chain everywhere ...

  2. Business - China Business - ENERGY

    China Oilfield Services shares dip marginally after fund-raising

    Posted Jan 08th 2014, 01:03pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com COSL up after HK$5.8b fundraising Shares of China Oilfield Services (COSL), the nation's dominant offshore oil and gas drilling services provider, gained ... and incremental returns could be sub-optimal." Gordon Kwan, head of regional oil and gas research at Nomura Securities, quoted COSL chief financial officer Li Feilong as telling an analysts ...

  3. News - China - ENERGY

    Inland nuclear plant restart to help provinces

    Posted Apr 14th 2014, 05:18am by Toh Han Shih, Mimi Lau

    ... hard. CPI Jiangxi Nuclear Power, owner of the Pengze plant, has been servicing annual financing costs of more than 100 million yuan, according to mainland media. Meanwhile, China Power ...

  4. Business - Commodities - ENERGY

    China’s coal miners in crisis

    Posted Apr 02nd 2014, 09:45am by Reuters

    ... for China's financial health if there is a wave of bankruptcies. Weng Qingan, chief financial officer at China Coal Energy, the country's No 2 producer, said the outlook for miners across China ... a further drop in prices could force more than 10 per cent of about 300 mines in Ordos to fold. "The bigger ones can stomach the losses to maintain market share, but those without financial ...

  5. Business - Companies - ENERGY

    SPT dismisses concerns over cost cuts at oil giants

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... PetroChina and China Petroleum & Chemical (Sinopec) will not squeeze profits of oilfield service providers like SPT Energy, its chairman said. The key to a provider's profit sustainability ... by squeezing its suppliers." But he conceded this principle only applied in service segments where price competition was not intense and technology was not easily copied. "That's why we ...

  6. Business - Commodities - ENERGY

    Former oil tycoon plans comeback in Canada

    Posted Mar 20th 2014, 01:35am by Reuters

    ... by 2025. Some experts questioned whether Gong's firm had the financial muscle or could secure the gas resources to get a project, estimated by Gong to cost US$30 billion, off the ground. ...

  7. Business - Commodities - ENERGY

    Drilling services provider COSL expects deep-water revenue boost

    Posted Jan 28th 2014, 01:35am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com COSL expects deep-water revenue lift China Oilfield Services (COSL), the mainland's dominant provider of offshore drilling services, expects more work ... on oil price is not optimistic and this will in turn put pressure on rates for services providers." Investor and public relations manager Helen Wu Yanyan said COSL expected deep-water ...

  8. Business - Commodities - ENERGY

    CRP 'has no plans' to play Hong Kong's power game

    Posted Mar 18th 2014, 01:11am by Eric Ng

    ... if prices fell further based on a formula for adjustment. The government last cut prices in September. Chief financial officer Wang Xiaobin said CRP had budgeted HK$24 billion for new projects ...

  9. Business - Commodities - ENERGY

    Mongolian Mining sees weakness ahead for coking coal prices

    Posted Mar 12th 2014, 01:26am by Eric Ng

    ... and services, according to the China Iron and Steel Association. Mongolian Mining yesterday posted a net loss of US$58.1 million for last year, from US$2.5 million in 2012 as finance costs almost ...

  10. Business - Commodities - ENERGY

    Populism adds to pressures on debt-laden Indian utilities

    Posted Mar 12th 2014, 01:26am by BLOOM

    ... Choudhury, chairman of NTPC, India's largest generator of power. NTPC threatened to stop supplying unprofitable retailers that are behind on payments. That, in turn, could interrupt service ...




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