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  1. 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 ... cases. Determining the damage and economic repercussions of an oil spill is not straightforward. The marine ecosystem is complex, affected communities can each have different expectations ...

  2. 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 ... The Southern Weekly reported on Thursday that an oil slick three kilometres long and 20 to 30 metres wide was found floating near the field in early June. Several industry sources confirmed the spill ...

  3. 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 ... with independent experts to validate the number. Mainland authorities ordered the company on Wednesday to cease production at the two platforms on the Penglai oil field, run in partnership ...

  4. Sinopec looks to overseas oil, gas

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec) is considering expanding its overseas oil and gas operations, including buying its parent's rapidly growing portfolio, to offset the negative impact of state fuel-price controls on its refining business. The nation's second-largest oil and gas producer and Asia's largest oil refiner received shareholder approval in May ...

  5. Lai See

    Posted May 26th 2012, 12:00am

    ... dismissed these notions, saying that if there was to be a penalty for the oil spill then it would have been in the form of a deduction. He added that it didn't indicate a change in company ... there is no indication of this in the company's reports, so far as we can see. You would have thought a company of this significance would give an explanation. If it's not the oil spill ...

  6. CNOOC in US$15b deal to snap up Canadian giant

    Posted Jul 24th 2012, 12:00am

    ... production,' said Gordon Kwan, head of energy research at Mirae Asset Securities. Acquiring Nexen will boost CNOOC's output, which has suffered after a major oil spill last year halted production ... Eric Ng eric.mpng@scmp.com China National Overseas Oil Corporation, the mainland's dominant oil and gas producer, will pay US$15 billion for Canada-based Nexen in what would ...

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

    Posted Sep 13th 2011, 12:00am

    ... has cut its full-year output estimate by about 9.3 per cent, as green groups call on it to make environmental protection a top priority. 'The problem of the oil spills is still ... since the State Oceanic Administration suspended the companies' production early this month in the wake of a series of spills. The US oilfield operator said yesterday that the plan ...

  8. COSL falls 4pc on funding worries

    Posted Jan 27th 2012, 12:00am

    ... of the Penglai 19-3 oilfield in northern China, had reached an agreement with the government to pay 1 billion yuan to compensate fishermen for oil spills last year. The companies will also designate ... Eric Ng eric.mpng@scmp.com China Oilfield Services (COSL), the nation's dominant provider of offshore oil and gas drillers, saw its share price fall up to 4 per cent after its mandate ...

  9. Talking points

    Posted Apr 05th 2012, 12:00am

    ... problem in the North Sea in a decade. Total has said that it will call on Texas-based Wild Well Control, which helped to stop the massive oil spill from BP's Deepwater Horizon rig in the Gulf ... Energy company to rescue North Sea oil rig A team of experts from energy giant Total is poised to fly by helicopter to a stricken North Sea gas platform to assess how to stop a potentially ...

  10. Sinopec lifts refining target on demand surge

    Posted Jan 20th 2004, 12:00am by Eric Ng

    ... Eric Ng H share sees throughput of up to 128 million barrels this year Surging demand for oil products is expected to see China Petroleum & Chemical Corp (Sinopec) refine more crude oil this year following a 10.13 per cent rise last year. The H share, Asia's largest crude oil refiner, said yesterday it refined 115.65 million tonnes of oil last year, up from 105.01 ...




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