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  • September 19, 2014
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  1. Business - Money

    CNOOC interim profit slumps, slashes dividend ahead of Nexen purchase

    Posted Aug 21st 2012, 04:13pm

    ... for the Nexen buy. The company produced 160.9 million barrels of oil equivalent (boe) in the first half, down 4.6 percent year on year, as it felt the impact of a spill at its Penglai 19-3 field ... Charlie Zhu, Reuters China’s leading offshore oil producer CNOOC Ltd (0883.HK) said its first-half net profit fell by almost a fifth- twice as much as the market had expected- and it cut ...

  2. China's insurers see chance in trade shunned by West

    Posted Apr 19th 2012, 12:00am

    ... to shipowners whose tankers are involved in oil spills. While no marine insurance policies are written in Hong Kong, the sanctions will stop Western mutuals and insurance brokers based in the city from ... of incidents and not just oil spills, which have been falling with an average of 2.5 spills a year since 2010. But with a potential liability of up to US$1 billion for each oil spill, Mark Kellock, ...

  3. Business - Commodities

    Gabon makes rare challenge to China over oil practices

    Posted Jul 09th 2013, 12:27pm by AFP

    ... Gabon has taken the exceptional step of withdrawing the right of Addax Petroleum, a subsidiary of Chinese oil giant Sinopec, to exploit an oilfield, raising concerns over possible ... Gabon Oil Company (GOC), set up in 2011. Officially, the Chinese firm is being sanctioned for failing to meet “contractual obligations”. The state’s complaints against Addax include “bad ...

  4. Business - Commodities - COMMENT

    The stock answer to oil consumption 'weakness'

    Posted Jun 13th 2013, 12:00am by Reuters

    ... Clyde Russell While other economic indicators are booming, the mainland's crude oil imports look out of line The stock answer to oil consumption 'weakness' The weakness in the mainland's crude imports and apparent oil consumption is starting to look at odds with other economic indicators. Crude imports were 5.64 million barrels per day (bpd) last month, a gain of a mere ...

  5. Business - Commodities

    Beijing 'to increase reliance on Middle East oil'

    Posted Jun 10th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Beijing 'to increase reliance on Middle East oil' China's dependence on Middle Eastern oil will increase in the coming years, while ... an upper hand over China, some speakers said, while others predicted China's growing thirst for Middle Eastern oil will lead the country to play a more active role in the volatile region ...

  6. Care needed in minerals quest

    Posted Aug 15th 2011, 12:00am

    ... to enforce protective policies. But even when there are laws and oversight, accidents, perhaps preventable, can happen: Large oil spills in Bohai Bay in June and at Dalian in July last year ...

  7. News - World

    No ransom paid for freed Chinese hostages, says oil company

    Posted Dec 15th 2012, 10:32am by Agence France Presse in Bogota

    ... Agence France Presse in Bogota No ransom was paid to secure the release of four Chinese oil workers freed last month after being held hostage for more than a year, the company said Friday, ... in civilian clothes on November 22. The ex-hostages worked for Emerald Energy oil company, a Britain-based subsidiary of the Chinese group Sinochem. They quickly left Colombia without talking ...

  8. News - World - COLOMBIA

    Four Chinese oil workers freed in Colombia

    Posted Nov 23rd 2012, 03:27am by Agence France-Presse in Bogota

    ... Agence France-Presse in Bogota Four Chinese oil company employees held hostage since June last year, allegedly by Colombia’s Farc rebels, have been freed in southern Colombia, the Chinese ... and uncertainty,” the head of the Red Cross in Colombia, Jordi Raich, said in a statement. The hostages were working for the Emerald Energy oil company, a British-based subsidiary of China’s Sinochem Group, ...

  9. Business - China Business

    Canada seeks gains from China in exchange for oil deal

    Posted Sep 08th 2012, 12:00am by Bloomberg

    ... Bloomberg in Vancouver Canadian leader makes it clear he wants more reciprocal trade relations with China Canada seeks gains from China in oil deal Canadian Prime Minister Stephen Harper ... by concern the country may gain too much influence over Canada's oil sands, the world's third-largest pool of oil reserves. A poll by Sun News Network last week showed a majority ...

  10. News - Hong Kong

    Oiling the wheels of China-Africa trade

    Posted Aug 23rd 2012, 12:00am

    ... mistreating workers, exploiting Africa's rich natural resources- which include oil, precious metals and coffee- and taking jobs away from locals. Nevertheless, trade growth between China ...




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