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  • November 28, 2014
  • Last updated: 10:54pm
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Results 1 - 10 of 12 for financial services

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  1. Business - Commodities - ENERGY

    Falling crude prices cloud oil outlook for next year

    Posted Nov 03rd 2014, 04:19am by Eric Ng

    ... prices cloud oil outlook for next year The tumble in crude oil prices over the past four months- down as much as 27 per cent in the steepest fall since the global financial crisis six years ago- ... resulted in lower third-quarter profits for the mainland's state-backed oil and gas majors, which in turn cut the volume of work done by companies that provide services to them. Analysts said ...

  2. Business - China Business - ENERGY

    Investors shrug off 12.6pc earnings drop at oil major Sinopec

    Posted Oct 31st 2014, 10:16am by Eric Ng

    ... its share price close 4.5 per cent lower on Thursday at HK$12, its lowest in almost seven months, after chief financial officer Zhong Hua told analysts the company’s long-stated target for oil ... also saw investors dump sister firm China Oilfield Services’ (Cosl) shares on Thursday, which closed down 8.5 per cent at HK$16.62, the lowest in just over three months. Analysts at Barclays ...

  3. Business - Commodities - ENERGY

    Canadian exports of LNG to Asia seen as enormous opportunity

    Posted Jan 23rd 2014, 09:37am by Toh Han Shih

    ... Financial Forum in Hong Kong said. "If Canada exports LNG to Asia, the potential for arbitrage is enormous. The price of gas and oil in Asia is significantly higher than Canada. It's an incredible opportunity for banks," said Kevin Lynch, vice-chairman of BMO Financial Group, a North American financial services firm. Last year, the natural gas price in North America was US$3.71 ...

  4. 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 ...

  5. Business - Commodities - ENERGY

    Smelters face consumption-based power tariffs

    Posted Dec 24th 2013, 01:55am by Eric Ng

    ... driver of economic growth away from fixed-asset investments to consumption and services, combat chronic air pollution and cut industrial overcapacity. "In the past year, severe pollution has ... unrest, Beijing ordered them to stop the deals in 2007. These deals resurfaced in 2009 when the global financial crisis hit, and Beijing launched another clampdown in 2010. ...

  6. News - Hong Kong - ENERGY

    Power suppliers agree to HK$100m energy-savings fund

    Posted Nov 22nd 2013, 05:23am by Cheung Chi Fai

    ... and improvements in our services." HK Electric said it had all along taken a pragmatic and reasonable approach in conducting the mid-term review with the government. "We are pleased that it has ... will draw from financial rewards given to the suppliers for outperforming on energy savings target and audits as set out in the agreement. The two firms combined have received HK$85 million ...

  7. Business - China Business - ENERGY

    Petro-king plans HK$381m upgrade

    Posted Nov 22nd 2013, 09:58am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Oil extraction equipment maker eyes fivefold increase in its annual manufacturing capacity Petro-king plans HK$381m boost Termbray Petro-King Oilfield Services ... resources include those trapped between shale rocks and coal seams, which makes them costlier to extract. Petro-King chairman Wang Jinlong said the takeover of Sheraton would further boost services ...

  8. Business - Commodities - ENERGY

    Oil and gas M&A set to take off

    Posted Mar 30th 2013, 12:00am by Eric Ng

    ... of Norway's largest financial services group DNB, said deployment of advanced technologies in the United States has seen stronger than expected domestic production. This involves the combination ... service. "CNPC has yet to truly flex its muscles on the international stage: with enormous financial fire-power, 2013 might be the year in which it steps up activity. We expect national oil ...

  9. Business - Commodities - ENERGY

    Halliburton eyes opportunities in China's shale gas industry

    Posted May 17th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Financial incentives from Beijing to help companies cope with the challenge of extracting resource embedded in underground rock Halliburton eyes mainland shale ... and supply chain management, according to an energy executive. Lamar Duhon, vice-president of business development in Asia at US-based oil services firm Halliburton, said Beijing's decision ...

  10. Business - Commodities - ENERGY

    More demanding tasks set to bring more income at COSL

    Posted Feb 04th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Oil-drilling services firm says more complex operations will drive up average charges Harder tasks bring more income at COSL The nation's dominant offshore oil-drilling services provider, China Oilfield Services Ltd (COSL), expects the basic drilling rate it charges its customers to be flat this year, even as its largest customer, CNOOC, is raising ...




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