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  1. China's perilous pursuit of petroleum

    Posted Jun 26th 2008, 12:00am by Alex Lo

    ... in its oil industry as western oil companies withdrew. The more China pursues petroleum to satisfy its insatiable appetite, the more it will be in danger of resembling the US in militarising its ...

  2. COSL doubles income on higher drilling rates

    Posted Oct 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services Ltd (COSL), the mainland's dominant offshore drilling services provider, has posted a 101.2 per cent year-on-year jump in third-quarter profit because of higher drilling and service charges. Net profit for the quarter ...

  3. Mainland oil giants in joint bid for Marathon asset

    Posted Aug 11th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Mainland oil giants China National Offshore Oil Corp and China National Petrochemical Corp are joining forces to bid for an Angolan oil and gas asset owned by United States-based Marathon Oil Corp that is expected to fetch about US$1.5 billi ...

  4. Oil on the Brain

    Posted Feb 17th 2008, 12:00am by Charmaine Chan

    ... Charmaine Chan Oil on the Brain by Lisa Margonelli Broadway Books, HK$120 Recent books have tracked the life cycles of everything from French fries to cotton T-shirts and rubbish. Oil on the Brain exposes 'petroleum's long, strange trip to your tank'. But this is no factory-line account. The discursive meander begins at a petrol station near author Lisa ...

  5. Sinopec shares reel on prospect of profit decline

    Posted Feb 21st 2008, 12:00am by Eric Ng

    ... Eric Ng A sharp jump in international crude oil prices on Tuesday depressed the share price of China Petroleum & Chemical Corp (Sinopec) by 4.8 per cent to HK$8.72 yesterday, raising concerns that profits at the world's third-largest oil refiner by capacity would be eroded further. This is despite the central government having exempted the company's petrochemical ...

  6. Consumption tax expected to dent demand for big cars

    Posted Dec 08th 2008, 12:00am by Kandy Wong

    ... Kandy Wong The hefty increase in the country's fuel consumption tax proposed to take effect from January 1 could dent demand for big cars on the mainland and see drivers reducing the distances they travel. It will also prompt mainland carmakers to de ...

  7. Financial secretary hints at review over diesel taxes

    Posted Jun 11th 2008, 12:00am by May Chan, Paggie Leung, Peter So

    ... will review the tax rates on Euro V diesel,' he said, adding that tax reductions for other fuel such as liquefied petroleum gas would also be considered. Chiang Chi-wai, spokesman for the Fuel ...

  8. Over a barrel

    Posted May 19th 2008, 12:00am by Michael Richardson

    ... Michael Richardson mriht@pacific.net.sg In the eight years of Vladimir Putin's presidency, Russia's energy riches were used as a lever to rebuild the country's influence and power. Now that his hand-picked successor, Dimitry Medvedev, has t ...

  9. Services fear clips China Oilfield share price

    Posted Aug 08th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services' share price fell as much as 10.4 per cent yesterday as investors feared a sharp correction in energy prices would result in lower spending on services by oil and gas firms. The mainland's dominant oil drilling se ...

  10. Fears of higher oil price look overblown

    Posted Jan 08th 2008, 12:00am by Tom Holland

    ... constrain the supply of petroleum products, adding to price pressures. And finally, the value of the US currency is sliding, which pushes up the price of oil in US dollars even if it is static ... About half of that was the result of stronger demand for petroleum, but with petrol now costing upward of US$3 a gallon and new rules on energy efficiency and renewable fuel usage beginning ...




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