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  • September 3, 2014
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  1. Business - Companies - SURVEYS

    Oil majors dominate ranking

    Posted Sep 02nd 2014, 05:06pm by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Chinese oil majors China Petrochemical Corp and China National Petroleum Corp (CNPC) remain the country’s two largest companies by revenue, according to an annual ranking based on a survey by the China Enterprise Confederation and the China Enterprise Directors Association. Revenue at China Petrochemical, the parent of Hong Kong-listed Sinopec, rose ...

    http://www.scmp.com/business/companies/article/1583741/oil-majors-dominate-ranking
  2. Business - Economy - INVESTMENT

    Western sanctions force Russian firms to look to Hong Kong and East Asia

    Posted Sep 02nd 2014, 09:38am by Toh Han Shih and Agencies

    ... In May, Gazprom and China National Petroleum Corp (CNPC), China's biggest state-owned energy firm, signed a US$400 billion deal to ship nearly 40 billion cubic metres of gas to China annually ...

    http://www.scmp.com/business/economy/article/1583483/putin-kicks-gas-pipeline-china
  3. Business - China Business - INVESTMENTS

    China grows in favour as deal centre in Asia

    Posted Sep 01st 2014, 04:21am by Toh Han Shih

    ... to large deals in future, he said, citing oil major China Petroleum & Chemical Corp's plans to sell a stake in its retail unit, Sinopec Sales. The deal, which has attracted 37 Chinese ...

    http://www.scmp.com/business/china-business/article/1582416/china-grows-favour-deal-centre-asia
  4. News - Hong Kong - ACCIDENT

    Six wounded as gas explosion blows off flat's air con, windows in Yuen Long

    Posted Aug 30th 2014, 09:09pm by Amy Nip

    ... in the Kuen Yick Building flat, set off the blast as they tried to cook using a gas lighter over a liquefied petroleum gas cylinder. The youngest of the children, who included two brothers ...

    http://www.scmp.com/news/hong-kong/article/1582002/six-wounded-gas-explosion-blows-flats-windows-yuen-long
  5. Business - Comment - LAI SEE HOWARD WINN

    The PetroChina proverbial elephant at the press conference

    Posted Aug 30th 2014, 01:17am by Howard Winn

    ... Howard Winn The press conference on Thursday organised by mainland oil giant PetroChina to discuss its interim results was an eerily docile affair. As most people know, PetroChina and its parent China National Petroleum Corp have over the past year or so lost a string of senior executives- at least 10- who have been caught up in the crackdown on corruption on the mainland. ...

    http://www.scmp.com/business/article/1581913/petrochina-proverbial-elephant-press-conference
  6. Business - Commodities - EARNINGS

    Oil and gas producer PetroChina posts 4pc first-half profit rise

    Posted Aug 29th 2014, 01:14am by Eric Ng

    ... DONGJIN, PETROCHINA "The objective of the pilot is to incentivise the fields' management to come up with ways to maximise profit," Wang said. Parent China National Petroleum Corp ...

    http://www.scmp.com/business/commodities/article/1581588/oil-and-gas-producer-petrochina-posts-4pc-first-half-profit
  7. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer targeting petrol station chain after reporting 13pc rise in first-half net profit China Life in bid for Sinopec unit China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  8. Comment - Insight & Opinion

    Chinese antitrust regulators must address charges of anti-foreigner bias

    Posted Aug 27th 2014, 12:02pm by Hu Shuli

    ... Petroleum Corporation and Sinopec. In 2011, the NDRC even abruptly suspended its probe into China Telecom and China Unicom at the request of the companies; this is unacceptable. Antitrust laws ...

    http://www.scmp.com/comment/article/1581092/chinese-antitrust-regulators-must-address-charges-anti-foreigner-bias
  9. Business - China Business - EARNINGS

    Drilling division’s 32.6pc jump in profit boosts China Oilfield Services

    Posted Aug 27th 2014, 10:15am by Eric Ng

    ... and Norwegian customer Statoil Petroleum. Excluding this, the pre-tax profit growth would have grown around 31 per cent year on year. To meet demand in first half of the year, it leased two jack-up rigs ...

    http://www.scmp.com/business/china-business/article/1581056/drilling-divisions-326pc-jump-profit-boosts-china-oilfield
  10. Business - Commodities - INVESTMENT

    37 investors express interest in Sinopec petrol stations

    Posted Aug 26th 2014, 09:55am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of China Petroleum & Chemical (Sinopec) fell 0.37 per cent in early trade on Tuesday, after chairman Fu Chengyu said on Monday the nation’s second largest oil and gas producer has received 37 non-binding expressions of interest from would-be investors in its open tender for up to 30 per cent of its fuel distribution operation. The potential ...

    http://www.scmp.com/business/commodities/article/1580738/37-investors-express-interest-sinopec-petrol-stations

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