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  • October 22, 2014
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  1. China National Offshore absorbs distribution unit

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

    ... at the end of last year. It focuses on the trading, storage and transportation of chemical products. A China National Offshore spokesman said China National Chemical booked a net profit of just over ... 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 ...

  2. China National plans 20b yuan offshore plant

    Posted May 12th 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, the parent of giant offshore oil and gas producer CNOOC, plans to invest about 20 billion yuan (HK$22.8 billion) on an offshore engineering ... National is already investing more than 1 billion yuan to expand another offshore engineering and equipment production base in Qingdao, Shandong province, that is slated for completion by year-end. ...

  3. Offshore wind projects run into turbulence

    Posted Oct 21st 2011, 12:00am

    ... Eric Ng in Beijing eric.mpng@scmp.com Construction work at four offshore wind farm projects in Jiangsu province has not started a year after they were awarded to major state-owned power ... governments over land allocation. Chinese Wind Energy Association vice-president Shi Pengfei said some local government agencies wanted the developers to move their projects further offshore to make ...

  4. 1.2b yuan payout for oil spill 'an insult'

    Posted Jan 26th 2012, 12:00am

    ... Will Clem william.clem@scmp.com State-owned oil giant CNOOC and US partner ConocoPhillips have reached a 1 billion yuan (HK$1.23 billion) compensation deal with China's Ministry ... communities', and that it 'fulfils the objectives of the compensation fund announced in September 2011'. The two companies also said 100 million yuan from Conoco and 250 million yuan from ...

  5. CNOOC parent seals 5b yuan plant deal

    Posted Jul 11th 2007, 12:00am by Eric Ng

    ... Construction of phase one will start this year and is expected to be completed in two years at a cost of three billion yuan. China National Offshore's spokesman confirmed a deal had been signed ... Eric Ng China National Offshore Oil Corp, parent of Hong Kong-listed CNOOC, has signed an agreement to build an asphalt and lubricant plant in Jiangsu province to feed demand from ...

  6. CNOOC in 100b yuan bid to raise production

    Posted Apr 20th 2006, 12:00am by Eric Ng

    ... Eric Ng Mainland oil and gas producer aims to more than double output in five years CNOOC, China's dominant offshore oil and gas producer, plans to invest 100 billion yuan ... Services and A-share Offshore Oil Engineering, which source a substantial amount of their business from CNOOC. Xinhua news agency quoted the manager of CNOOC's development and planning ...

  7. China National secures 7.5b yuan Hainan deal

    Posted Apr 19th 2005, 12:00am by Eric Ng

    ... Eric Ng Project will involve a 140MW power plant and 360km distribution network China National Offshore Oil Corp has signed a 7.5 billion yuan deal to develop its fifth liquefied natural ... power plant in Hainan from 49 per cent to 95 per cent by buying a 46 per cent stake from government-owned Hainan Power for 580 million yuan. The plant will change its fuel from offshore natural ...

  8. 7b yuan bill put on mainland emissions

    Posted Aug 31st 2006, 12:00am by Shi Jiangtao

    ... dioxide from as early as next year- at an annual cost of 7 billion yuan based on current output- a senior environmental adviser to the central government revealed yesterday. The proposal to charge 630 yuan per tonne for the emissions quotas- which would be tradeable- comes as Beijing seeks ways to cut emissions of sulfur dioxide by 10 per cent by 2010. The mainland is the world's ...

  9. Commission to study wind resources

    Posted May 28th 2007, 12:00am by Eric Ng

    ... Eric Ng China's economically exploitable offshore wind resources may be much smaller than widely believed and large-scale exploitation may be a decade away, according to industry experts. It is believed that offshore China has 750,000 megawatts of wind resources- three times that of onshore wind resources- but Li Junfeng, a deputy director at National Development and Reform ...

  10. China Power eyes stake in New Energy

    Posted Aug 16th 2007, 12:00am by Eric Ng

    ... its stake to 100 per cent. Tianhan has a 24 per cent interest in a 2.3 billion yuan, 100 MW offshore wind power project near Shanghai. Construction will start shortly and completion ... The asset injection will include CPI (Fujian), the operator of a 300 megawatt hydro power plant in Nanping, for HK$1.23 billion. CPI posted a net profit of 22 million yuan on turnover of 76 million ...




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