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  1. CNOOC cuts output target by 6.7pc

    Posted Aug 25th 2011, 12:00am

    ... acquisition in Argentina, as well as a domestic oil spill. The company aims to produce oil and gas totalling 331 million to 341 million barrels of oil equivalent (BOE), down from its goal of 355 ... for a six month closure. As for potential liability from the oil spill, CNOOC president Li Fanrong said United States oil company ConocoPhilips, its partner and operator of the project, ...

  2. Pipeline leakage to hit CNOOC gas production

    Posted Dec 21st 2011, 12:00am

    ... through, and a domestic oil spill. ... Eric Ng eric.mpng@scmp.com Leakage at a pipeline linked to a major gas field of CNOOC, the mainland's dominant offshore oil and gas producer, has added to the challenge of it meeting ...

  3. Cathay, mainland airlines stocks soar after US oil price drop

    Posted May 07th 2011, 12:00am

    ... Keith Wallis Shares in Cathay Pacific Airways and the big three mainland airlines soared yesterday, a day after United States oil prices fell below the psychologically important US$100 per barrel mark. The price of US oil for June delivery dropped 8.6 per cent to US$99.80 a barrel on Thursday, the biggest single-day drop since April 2009. It was the first time oil prices had fallen ...

  4. Bolder and wiser, big oil will only get bigger

    Posted Sep 01st 2010, 12:00am by Staff Reporter

    ... Matthew Hulbert Following BP's environmental disaster in the Gulf of Mexico, the obituary of 'big oil' was drafted. Offshore drilling was a goner, environmental tightening ... if anything, big oil will get bigger. First, big oil is no longer just big oil, it's 'big gas'; international oil companies have wasted little time gobbling up companies and concessions. ...

  5. PetroChina to ramp up natural gas, oil refining

    Posted Aug 29th 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina, which yesterday reported a 7.2 per cent decline in interim profit, said that by 2015 it plans to more than double its natural gas output and raise oil refining capacity ... of China, whose first-half profit was 66.42 billion yuan (HK$75.37 billion). Asia's largest oil and gas producer is trying to meet a shortfall in gas supplies as the mainland turns to cleaner ...

  6. Mainland firms chasing oil and gas deals overseas worth US$12b

    Posted Jun 08th 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster Mainland oil and gas companies are pursuing deals totalling as much as US$12 billion as the push to acquire resources continues apace despite the setback suffered last week ... the second-largest oil company on the mainland, which is working on a bid of up to US$8 billion for London and Toronto-listed Addax Petroleum. China National Petroleum Corp, the mainland's largest oil ...

  7. PetroChina produces 3.7pc more oil and gas

    Posted Jul 17th 2007, 12:00am by Eric Ng

    ... Output growth outstrips global peers' declines PetroChina said oil and gas production rose 3.7 per cent in the first six months, the lowest level of first-half growth in three years, on a decline in oil output at its ageing major oilfield. The company yesterday said it pumped 552.7 million barrels of oil and gas equivalent (boe) in the first half, up from 533.2 million boe ...

  8. Stocks dive on concerns over surging oil, inflation

    Posted Jun 11th 2008, 12:00am by Nick Westra

    ... their holdings amid renewed concerns surging oil prices and inflation will hit global growth. The Shanghai Composite Index fell 257.34 points or 7.73 per cent to 3,072.33, its biggest one-day drop since ... already had a surfeit of bad news from the weekend after crude oil prices surged to a record US$139.12 per barrel in New York on Friday, and Beijing at the weekend increased the reserve ...

  9. SAFE risks slipping on big oil investments

    Posted Apr 16th 2008, 12:00am by Tom Holland

    ... Tom Holland The mainland has snapped up a US$2 billion, 1 per cent stake in British oil giant BP. If yesterday's reports are correct, it is not China Investment Corporation, ... China's liquid foreign currency reserves, that has bought into BP. The latest purchase follows SAFE's acquisition earlier this month of a US$3 billion, 2 per cent stake in French oil major ...

  10. US growth review, oil surge batter HK stocks

    Posted Nov 22nd 2007, 12:00am by Nevin Nie

    ... Wong Ka-chun, Jonathan Yang and Nevin Nie Hang Seng Index tumbles 4.15pc to reach two-month low Hong Kong stocks slumped yesterday as oil approached US$100 a barrel and the United States ... at Atlantis Investment Management. 'High oil prices are also raising costs.' The Hang Seng has lost 15.1 per cent so far this month as investors fret the US subprime crisis and signs ...




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