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  • August 22, 2014
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  1. Business - Commodities - ENERGY

    Solar project fails as Australian government reviews clean energy

    Posted Aug 20th 2014, 01:34am by BLOOM

    ... to clean energy. Solar Systems said it suspended plans for a 100-megawatt plant in the Australian state of Victoria. The plant, which would have used concentrating photovoltaic technology ... to a statement from Solar Systems, a unit of New South Wales-based Silex, and the Australian Renewable Energy Agency. Funding for A$75 million (HK$539.15 million) of conditional support from ...

  2. Business - Commodities - ENERGY

    Coal prices set to stay low on mainland China for next 12 months

    Posted Aug 18th 2014, 04:01am by Eric Ng

    ... effect on July 1, forcing operators to spend more to remove pollutants or shut non-complying plants. "As governments globally seek to reduce their carbon dioxide emissions, it looks ...

  3. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... to book higher operating expenses, asset depreciation and amortisation charges, and asset write-offs on unfavourable exploration results. Por attributed PetroChina and Sinopec's expected ... of its fuel stations. Any fallout from corruption probes will also be a concern. "We remain concerned over [potential] operational impact from ongoing investigations and related disruption ...

  4. Business - Companies - ENERGY

    Cathay Pacific invests in biofuel developer to meet carbon-neutral growth targets

    Posted Aug 07th 2014, 04:51pm by SIJIA JIANG

    ... of the group's operating cost last year. Cathay Pacific Airways and Dragonair together spent HK$37 billion on fuel last year, compared with HK$40 billion in 2012. The price of jet fuel jumped over 30 per ...

  5. Business - Commodities - ENERGY

    Trader Arcadia unbowed by CFTC oil-rigging deal

    Posted Aug 06th 2014, 03:28pm by Reuters

    ... by manipulation case Well before settling a long-running oil price manipulation case this week, global oil trader Arcadia had shrunk itself to a leaner operation with an almost singular focus: trading ... record-keeping and reporting. "The terms of the settlement don't constrain the business as we are currently operating," he said. Once known as a leading trader of West African crude ...

  6. Business - China Business - ENERGY

    Ruentex pact paves way for Sinopec retail spin-off

    Posted Aug 04th 2014, 03:40am by Eric Ng

    ... for joint merchandise procurement to cut costs, operating together Sinopec's convenience stores at its petrol stations in Shanghai as a pilot, and potential e-commerce co-operation, Sinopec ... petrol stations and has a 60 per cent share of the mainland's fuel retailing market by tonnage. It also operates 23,431 convenience stores trading under the brand Easy Joy. A BNP research ...

  7. Business - China Business - ENERGY

    Clean water access offers flood of business opportunities

    Posted Jul 28th 2014, 04:26am by Benjamin Robertson

    ... in manufacturing by 2020. Its China operation used 6.1 million cubic metres of water last year. Companies are developing "incredibly off-the-wall innovative ideas that are working," said ...

  8. Business - Commodities - ENERGY

    CNOOC defends oil rig's operation off Vietnam coast

    Posted May 24th 2014, 01:52am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com CNOOC defends oil rig's operation off Vietnam coast CNOOC chairman Wang Yilin says the company's exploration activity in South China Sea waters near ... the head of China's dominant offshore oil and gas producer denounced actions that had disrupted its exploration operation. "Our exploration activity is within an area legally authorised ...

  9. Business - China Business - ENERGY

    Proposed giant tidal plant for mainland China is far-off dream

    Posted Jul 21st 2014, 03:18am by Eric Ng

    ... it cost competitive. Steijn said the Dutch consortium's technology will set it apart from those deployed in operating tidal energy projects elsewhere in the world. He said its so-called ... It has been in operation since 1966 and taps the high tide range of the estuary. With 24 turbines installed within a 750-metre barrage, the power station has a peak output capacity of 240MW ...

  10. Business - Commodities - ENERGY

    Li Ka-shing firms bid for control of Australia's gas operator Envestra

    Posted May 09th 2014, 01:14am by Eric Ng

    ... from Envestra's financiers. It will only go through if the three Li-controlled firms get more than 50 per cent of acceptance from Envestra shareholders. Gas pipelines operator APA, ... businesses. Set up in 1997, Envestra operates natural gas distribution networks under regulated monopolies in major cities in the states of Victoria, South Australia and Queensland, as well as smaller ...




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