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  • October 31, 2014
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  1. Business - China Business - ENERGY

    Honghua Group steps up push on making tools for drilling

    Posted Sep 07th 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The mainland's largest maker of rigs is seeking expertise in producing equipment used in extracting oil and gas trapped in rock formations Honghua steps up push on making tools for drilling Honghua Group, the mainland's largest maker of rigs for land-based oil and gas drillers, is eyeing opportunities to buy or co-operate with more firms ...

  2. Honghua to target shale gas projects

    Posted May 28th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Honghua Group, one of the world's largest producers of land-based oil and gas drilling rigs, plans to take minority stakes in shale gas exploration projects on the mainland in a bid to forge closer ties with its customers. Honghua chairman Zhang Mi said that when private firms were given the green light to invest in shale gas projects it would take small ...

  3. Honghua to move into drilling services after losses from rigs

    Posted Apr 15th 2010, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of land oil drilling rigs, is diversifying into drilling services to boost sales after it plunged into a loss last year ... revocation of a key international quality certification, which it regained last month. Honghua sold only 40 rigs last year, missing a target of 94 set in September and much lower than the 140 to 150 ...

  4. Honghua to benefit from oil boom

    Posted Feb 20th 2008, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of onshore oil drilling rigs, is expected to be one of the beneficiaries of oil producers' surging exploration ... after fears of a possible recession in the United States pummelled global stock markets and turned investors wary of new offerings. Honghua is seeking to raise up to HK$3.75 billion by issuing ...



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