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  1. Offshore operators put on notice after oil spills

    Posted Jul 09th 2011, 12:00am

    ... Zhuang Pinghui pinghui.zhuang@scmp.com China's maritime watchdog has ordered oil companies operating offshore wells to assess accident risks following two spills in an oilfield off ... impact of their operations, a statement on the administration's website said. The notice was sent to more than 10 oil producers, including China National Offshore Oil Corporation. A joint ...

  2. Beijing gives HK first-mover advantage in offshore yuan

    Posted Jun 30th 2006, 12:00am by Tom Holland

    ... Tom Holland One day Hong Kong may become the centre of a thriving offshore market in yuan-denominated securities. But that day remains very, very far in the future. For the time being, ... onshore. Over time, other issuers will follow and as the market develops, more and more currency will leak out of China in search of better returns and freedom from restrictions. Eventually, Hong ...

  3. Cnooc bullish on output target

    Posted Oct 27th 2011, 12:00am

    ... field in Bohai Bay that has been leaking. Chief financial officer Zhong Hua said the offshore oil and gas producer remained confident of producing 331 million to 341 million barrels of oil ... of the profit from the field and ConocoPhillips the rest. Zhong would not provide an estimate for when the field can resume operation. CNOOC announced on Monday that the oil leaks had been successfully ...

  4. Managing on a budget

    Posted Feb 21st 2006, 12:00am by Staff Reporter

    ... China Morning Post Fund Manager of the Year awards ceremony. 'There was a British financial official who was fired because he leaked some budget details to a reporter who walked with him to parliament just 15 minutes before the speech,' Mr Ma said. However, he was happy to tell the fund managers that the bill exempting offshore funds from paying profit tax would be voted ...

  5. Oilfield halt hits CNOOC shares; US partner to be sued for oil spill damage

    Posted Sep 06th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com The shares of offshore oil company CNOOC fell 8.9 per cent on market uncertainty yesterday after it halted production at its oilfield in Bohai Bay because of oil leaks that began in June. CNOOC, the mainland's second-largest oil company, holds a 51 per cent interest in the Penglai 19-3 field and is a non-operating owner. United States ...

  6. 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 ...

  7. Cnooc expected to miss output target

    Posted Oct 08th 2011, 12:00am

    ... according to analysts. China's dominant offshore oil and gas company said this month its United States partner, ConocoPhillips, had been ordered by the government to suspend drilling and production at the Penglai 19-3 offshore oilfield in northern China, which was plagued by oil spills since June. Although ConocoPhillips is responsible for the day-to-day operation of the field, CNOOC ...

  8. Business - Companies - FUNDRAISING

    Li & Fung to issue bonds to fund offshore acquisitions

    Posted Nov 02nd 2012, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Toy and clothes supplier's plans to take on more debt prompts credit downgrade and stock rise Li & Fung to issue bonds to fund offshore spree Li & Fung, the world's biggest supplier of clothes and toys to retailers, saw its credit rating outlook downgraded after announcing plans to offer US dollar-denominated ...

  9. Business - China Business - LENDING

    Offshore spree by mainland firms helps to increase lending in Asia

    Posted Sep 13th 2012, 12:00am by Bloomberg

    ... Bloomberg From cereal firms to metal markets, offshore spree by mainland companies drives 56pc rise Assets swoop boosts loans in Asia Chinese companies swooping on assets in Europe and the US, from metal markets to cereal companies, are driving a 56 per cent increase this year in acquisition-related lending in Asia. Some US$2.8 billion of loans used to fund purchases ...

  10. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... Donna Kwok Donna Kwok says the strategy of making China's currency truly international is on schedule Growing liquidity of offshore yuan signals a broader and deeper market The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides. Since it took its first toddler steps in July 2010, the daily turnover ...




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