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  1. US company reveals scale of oil spill

    Posted Jul 15th 2011, 12:00am

    ... Stephen Chen binglin.chen@scmp.com About 1,500 barrels worth of oil and oil-based drilling fluids- some 240 cubic metres- has spilled in China's biggest offshore oilfield, in Bohai Bay. The figure was released yesterday by ConocoPhillips, the US-based operator of the oilfield's two production platforms, crippled by seepage and leaks last month. The company is working ...

  2. China Vanke to launch offshore push from HK

    Posted Jun 16th 2012, 12:00am

    ... Peggy Sito peggy.sito@scmp.com China Vanke, the biggest mainland-listed property developer by sales, plans to set up an overseas headquarters in Hong Kong in the second half of this year, a move aimed at stepping up its overseas expansion. Company preside ...

  3. U.S. firm reopens wells in Bohai Bay

    Posted Sep 13th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com ConocoPhillips has reopened wells to ease reservoir pressure in China's biggest offshore oilfield, Penglai 19-3 in Bohai Bay, for the first time ... was approved by the majority owner of the field, China National Offshore Oil Corp. CNOOC, which owns 51 per cent of the field, said reopening the wells was the most effective way to ease reservoir ...

  4. Oil spill payout lacks transparency

    Posted Jan 30th 2012, 12:00am

    ... A billion yuan is a number too big for many of us to comprehend, but it is minuscule if linked to the massive oil spill that contaminated northeast China's Bohai Bay and the coasts of Hebei and Shandong provinces last year. At least 6,200 square kilometres of sea was affected by the months-long leak from a well in the nation's largest offshore oilfield, majority owned ...

  5. Oil spills a threat to marine biodiversity

    Posted Jul 02nd 2011, 12:00am

    ... Stephen Chen binglin.chen@scmp.com Two oil spill accidents struck production platforms in China's biggest offshore oilfield, at the mouth of Bohai Bay, within days last month, causing ... of the leaks, what caused the accidents, the size of the area affected and the short-term environmental impact, the official said. The Peng Lai 19-3 oilfield is operated by US energy company ...

  6. Shanghai drops offshore yuan trading hub dreams

    Posted Jul 22nd 2010, 12:00am by Enoch Yiu

    ... Daniel Ren in Shanghai and Enoch Yiu Shanghai has backed off from plans to establish itself as an offshore centre for yuan trading, leaving the field clear for Hong Kong to remain the dominant market for offshore trading of the Chinese currency. Vice-Mayor Tu Guangshao told a finance forum yesterday that the mainland's richest city would hone its image as an onshore rather ...

  7. BoCom launches offshore fund

    Posted Feb 11th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Bank of Communications has become the latest mainland bank to launch an offshore private equity fund that is expected to reach US$500 million in three months. Bank of Communications International, the investment banking arm of Bank of Communications, said yesterday it had already raised HK$400 million, and the remainder would come from a mix of institutional ...

  8. CNPC offshore oil output rises 11.5pc to record 60.2m tonnes

    Posted Jan 05th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC), the parent of listed PetroChina, has lifted offshore oil output by 11.54 per cent to a record 60.23 million tonnes. However, the increase ... tonnes in 2006. CNPC did not give details of what drove last year's rise in offshore output, but said its Sudan 1/2/4 oil block's output totalled 13.5 million tonnes, while its Sudan ...

  9. China National Offshore absorbs distribution unit

    Posted Jun 07th 2007, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, parent of dominant offshore oil and gas producer CNOOC, has absorbed distribution outfit China National Chemical Supply & Sales as part of the government's strategy to reduce the number of state-owned enterprises and bolster competitiveness. The combination will strengthen China National Offshore's capability in chemicals distribution, ...

  10. CNPC tie-up with Statoil may push offshore operations

    Posted Mar 02nd 2007, 12:00am by Eric Ng

    ... in a move that may facilitate its expansion on offshore drilling. CNPC, the nation's largest oil and gas producer, disclosed the signing of the pact on its website without giving details. A company spokesman said he was not familiar with the details. CNPC produces oil and gas primarily from onshore fields. Its offshore operation is limited to fields less than five metres deep, ...




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