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  • August 20, 2014
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  1. Oil giant invests in social responsibility

    Posted Sep 28th 2009, 12:00am by Staff Reporter

    ... Oil industry players from Texas to China may envy the kingdom's state-owned oil company's dominance of the 'biggest and best' league, with accolades ranging from having the largest oil reserves to one of the world's most profitable companies. But many Saudis feel their competitors are missing the point. What is equally important is the social and human benefits ...

  2. PetroChina takes majority stake in 2 oil sands projects

    Posted Sep 02nd 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina has agreed to spend C$1.9 billion (HK$13.43 billion) for a majority stake in two Canadian oil sands projects as the mainland, which must feed its booming economy, hedges against the risk that conventional oil will be harder and more expensive to find. The mainland's largest oil and gas producers have been busy buying up overseas assets to help enhance ...

  3. Chinese firms in full cry for Argentina oil

    Posted Jul 16th 2009, 12:00am by Eric Ng

    ... Eric Ng Argentina is well known for its football fanaticism, beef, picturesque landscapes, debt crisis and bank runs. Rarely do people talk about its oil and gas endowment. But the South ... Petroleum Corp (CNPC) and CNOOC. Their target is YPF, the Argentine unit of Spanish oil company Repsol-YPF and the country's biggest company. In a sign of how desperate mainland energy firms ...

  4. Sinopec to explore and produce oil and gas overseas on its own

    Posted Mar 31st 2009, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec), the nation's second-largest oil and gas producer, will enter the overseas exploration and production business for the first time ... year. The new strategy comes as international oil prices have fallen to their lowest levels in four years, providing a rare opportunity for mainland companies to buy overseas resources to feed ...

  5. CNPC targets Kazakh asset, oil pipeline to Russia

    Posted Mar 06th 2009, 12:00am by Eric Ng

    ... Eric Ng in Beijing China National Petroleum Corp, the country's largest oil and gas producer, is in talks to buy an oil asset in Kazakhstan and will build a pipeline to the Russian ... of the annual session of the National People's Congress that the firm was busy acquiring assets overseas after a sharp drop in oil prices made deals more attractive. 'We have been making ...

  6. Oil and gas a safe haven for nervous investors

    Posted Sep 29th 2008, 12:00am by Andrea Li

    ... Andrea Li Oil and gas services companies have emerged as safe havens for investors shunning the turmoil of the financial markets and the fluctuating price of crude. 'These companies are more stable than upstream players because their earnings are not so dependent on the direction of the oil price. As a result, their earnings visibility is much higher,' said Gordon Kwan, ...

  7. Oil exchange set to reopen

    Posted Mar 06th 2004, 12:00am by Eric Ng

    ... Eric Ng in Beijing The Shanghai Oil Exchange will soon restart operations, allowing oil products to be traded through an organised exchange for the first time since it was shut in 1995, but futures contracts will not be allowed. 'It will open very soon,' said Fu Chengyu, chairman of China National Offshore Oil Corp and its red chip subsidiary CNOOC, speaking ...

  8. Oil man gushes with optimism over industry

    Posted May 17th 2004, 12:00am by Eric Ng

    ... Sinopec Zhenhai chief Sun Weijun says growth in the sector will survive efforts to tighten investment, writes Eric Ng Oil man gushes with optimism over industry SUN WEIJUN preferred ... said the alarmists had over-reacted. At the helm of China's largest oil refiner during a period of unprecedented demand, Mr Sun said his company was doing fine, thank you, and there were ...

  9. SHKP helps shoppers to burn the midnight oil

    Posted Jun 23rd 2004, 12:00am by Sandy Li

    ... Sandy Li Tired of leaving work and having nowhere to go? APM Mall may be what you need Shop until midnight, then take a break at a late-night dim sum restaurant, and if you still have energy, visit a karaoke bar till the wee hours. This stamina challenge ...

  10. Resignation of oil chief is confirmed

    Posted Apr 15th 2004, 12:00am by Staff Reporter

    ... Staff Reporter Ma Fucai stepped down to take responsibility for Chongqing gas blast Ma Fucai's resignation as head of China's largest oil firm was officially announced by the State Council yesterday. Mr Ma stepped down as president of the China National Petroleum Corporation (CNPC) over a gas explosion in Chongqing's Kai county which killed 243 people ...




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