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  • April 19, 2014
  • Last updated: 11:56am
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Results 1 - 10 of 31 for military drill

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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

    ... for shallow water drilling- than all the other yards in the world put together, data from industry consultants IHS Petrodata shows. Helped by strong government support, plentiful labour ... from around a third between 2008 and 2012, data from IHS Petrodata showed. Chinese manufacturers can also make land rigs, drilling pipes, bits, modules, pumps and valves at up to half the price ...

  2. Business - Commodities - ENERGY

    Husky bullish on gas exploration potential in South China Sea

    Posted Apr 02nd 2014, 05:45am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Oil and gas firm says development in deepwater regions of the sea is still at early stage, with only 25 wells drilled and one major discovery so far Husky ... of Husky Energy, which discovered the mainland's first major deep-sea natural gas field, said yesterday. Analysts say drilling has been limited by the availability of drilling rigs and high ...

  3. 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 ... for drilling rates. Chief executive Li Yong said this year's drilling rates with its largest customer, sister firm CNOOC, were flat, while those for some higher-end overseas jobs would see slight ...

  4. Business - Companies - ENERGY

    SPT dismisses concerns over cost cuts at oil giants

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

    ... even in the upstream segment for lower prices for the same product or services since they have planned higher oil and gas output with similar spending as in last year. Drill pipe maker and pipeline coating service provider Hilong's chief strategy officer Amy Zhang Shuman said the oil giants might switch to more durable drill pipes to cut spending, which may benefit Hilong since ...

  5. Business - Commodities - ENERGY

    Green Dragon in talks with Chinese state-backed firms over fruits of disputed drilling

    Posted Nov 27th 2013, 11:17am by Eric Ng

    ... reserves Drilling effect A dispute between a Hong Kong-based natural gas explorer and the mainland's energy giants over drilling rights underscores the growing priority Beijing is placing ... and its China United Coal Bed Methane (CUCBM) unit on the sharing of reserves and output from drilling done allegedly without its consent. Randeep Grewal, the chairman of Green Dragon, which ...

  6. Business - Commodities - ENERGY

    China eyes stake in Cyprus gas plan

    Posted Feb 19th 2014, 01:33am by Reuters

    ... However, the project was thrown into doubt when drilling results revealed smaller reserves than initially hoped. Mean reserve estimates were reduced to five trillion cubic feet from seven tcf, ...

  7. 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 ... remain cautious on the outlook of COSL as we believe the supply and demand outlook has become unfavourable to global drillers, and international [drilling rates are] likely to see a moderate ...

  8. Business - Commodities - ENERGY

    SPT turns bullish on shale gas outlook

    Posted Nov 25th 2013, 03:52am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Oil and gas drilling firm expects bigger revenue contribution from unconventional natural gas after positive results from industry leaders SPT turns bullish on shale gas outlook SPT Energy, a provider of oil and gas drilling services, expects the percentage contribution from shale gas projects to its revenues to triple in three years, ...

  9. Business - China Business - ENERGY

    Petro-king plans HK$381m upgrade

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

    ... from 14.8 per cent in the year-earlier period, as materials costs rose only 32.4 per cent while revenues jumped 60 per cent. Materials costs cover items such as drilling tools, tubing ... financial officer Lawrence Shu Huadong said the firm had hired a Scottish engineer to lead a team that has successfully developed some drilling tools. They will be deployed in the Middle East ...

  10. Business - Commodities - ENERGY

    Driller SPT well sure of more profit in 2013

    Posted Dec 31st 2012, 12:00am by Eric Ng

    ... profit in 2013 After seeing its share price triple in 2012, oil and gas drilling firm SPT Energy is looking ahead to sales and profit growth in 2013 on par with its 25 per cent average ... underdeveloped gas delivery infrastructure, insufficient rivalry among gas producers to spur innovation and greater barriers in obtaining drilling rights. Wang conceded the challenges meant business from ...




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