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  • October 23, 2014
  • Last updated: 1:37pm
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  1. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

    Posted Oct 15th 2014, 05:19am by Bloomberg

    ... and 2015. The group responsible for 40 per cent of global oil supplies will need to provide an average of 28.8 million barrels a day in the first quarter of 2015. That is about 1.9 million a day ... the agency said. The country extended discounts for its customers on October 1. The IEA's demand revisions follow a less optimistic outlook from the International Monetary Fund, which on October ...

  2. Business - Commodities - ENERGY

    Chinese property investors move into US shale oil market

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

    ... said US companies often lacked the funds to set up the infrastructure for drilling operations. "Chinese firms provide this capital," he said. Just as Chinese energy companies are providing capital for the shale oil projects, property investors are drawn to the flow-on opportunities. "Investment around this sector has surged. Housing has seen rapid growth as migrant ...

  3. News - China - ENERGY

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

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

    ... by anti-graft authorities, the news service Caixin reported. It made him the 10th high-level official at the Beijing-based firm known to have been detained since August last year as part ...

  4. News - World - ENERGY

    EU narrowly approves plan for new nuclear plant in Britain

    Posted Oct 09th 2014, 10:17pm by AFP

    ... modified" its funding plans for the £16 billion (HK$200 billion) deal in response to concerns that aspects of the deal amounted to state subsidies. The Hinkley Point project, to be built ...

  5. News - China - ENERGY

    Coal mining 'robots' cut costs and risks but threaten jobs

    Posted Sep 23rd 2014, 03:16am by STEPHEN CHEN

    ... at reducing the number of miners killed in the world's most dangerous coal industry. Experts said increased automation of coal production was inevitable, but the authorities might fear unrest ... with funding from the central government. The Taiyuan Heavy Machinery Group announced last year the deployment of the world's largest coal-cutting "robot" at a mine in Chongqing. ...

  6. Business - China Business - ENERGY

    Jiangnan to fund production line expansion with HK$620m placement

    Posted Sep 12th 2014, 09:32am by Langi Chiang

    ... cent. “The directors have considered various ways of raising funds and consider that the placing and the subscription represent a good opportunity to raise capital for the company while ...

  7. News - China - ENERGY

    China plans to be world leader in nuclear power by 2020

    Posted Sep 14th 2014, 06:34am by STEPHEN CHEN

    ... Stephen Chen binglin.chen@scmp.com China plans to be world leader in nuclear power China aims to become a world leader in nuclear power by 2020 under an ambitious scheme to be finalised ... Nuclear are working together on the Hualong 1 scheme, based on French technology; State Nuclear Power's CAP1400 design is based on American technology. "The drafting of the technological ...

  8. Business - Commodities - ENERGY

    Anton Oilfield chief relocates to Hong Kong amid downturn

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

    ... Eric Ng eric.mpng@scmp.com Anton chief relocates to HK amid downturn Anton Oilfield Services, one of the mainland's largest privately owned drilling services providers serving the oil ... of Hong Kong-listed Wison Engineering, a Shanghai-based provider of engineering and construction services to the petrochemical industry that counted PetroChina as its largest client, has been ...

  9. Business - Commodities - ENERGY

    Shunfeng’s profitable capacity fully occupied amid recovery

    Posted Sep 05th 2014, 11:34am by Eric Ng

    ... matching demand, with the rest idled, said Jenny Chase, head of solar analysis at data provider and consultancy Bloomberg New Energy Finance in May. Industry consultancy NPD Solarbuzz estimated ...

  10. Business - Commodities - ENERGY

    Power generators rally on price cut

    Posted Aug 27th 2014, 02:31pm by Eric Ng

    ... the amount the market was expecting. The only exception was China Resources Power (CRP), whose president has been suspended from his duties as he is investigated by Jiangsu’s provincial authorities ... producers under pressure Evan Li, Standard Chartered Analysts had expected a cut of around 2 fen per kWh. The cut takes into account the need to help producers fund expenditure to install ...




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