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  • April 19, 2014
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  1. News - World - ENERGY

    Russia-China pipeline gas deal more likely after Ukraine political crisis

    Posted Apr 11th 2014, 12:00am by BLOOM

    ... National Petroleum Corp (CNPC) chairman Zhou Jiping in Beijing on Wednesday to discuss the terms of a deal. CNPC expected to sign a contract with Gazprom "as soon as possible" and talks ...

  2. Business - Companies - ENERGY

    SPT dismisses concerns over cost cuts at oil giants

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com SPT dismisses concerns over cost cuts at oil giants Tighter control on capital project spending by the mainland for onshore oil and gas production giants PetroChina and China Petroleum & Chemical (Sinopec) will not squeeze profits of oilfield service providers like SPT Energy, its chairman said. The key to a provider's profit sustainability ...

  3. Business - Commodities - ENERGY

    Former oil tycoon plans comeback in Canada

    Posted Mar 20th 2014, 01:35am by Reuters

    ... the sector to create two state energy giants, Sinopec and China National Petroleum Corp. His Tianfa Group had a market capitalisation of 17 billion yuan (HK$21.53 billion) at its peak, but things ...

  4. Business - Commodities - ENERGY

    Falling margin fails to hold back ENN Energy's expansion plans

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... fuels such as liquefied petroleum gas and fuel oil by 2015, the price advantage of natural gas has been eroded. This could halve the price differential to 20 per cent late next year, according ...

  5. Business - Commodities - ENERGY

    PetroChina, Sinopec to seek private capital

    Posted Mar 05th 2014, 12:24pm by Eric Ng

    ... than conventional projects, Zhou said. Fu Chengyu, chairman of rival China Petroleum & Chemical (Sinopec), said he plans to give more details about the firm's recently announced plan ...

  6. Business - China Business - ENERGY

    PetroChina, Sinopec expected to cut back on capital spending

    Posted Feb 19th 2014, 10:13am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland energy giants shift focus to quality instead of quantity amid flat oil prices, rising debt, slowing growth and excess capacity PetroChina, Sinopec to cut capital spending PetroChina, which leads the world's companies in capital expenditure, and fellow oil and gas producer China Petroleum & Chemical (Sinopec) are expected to trim ...

  7. Business - China Business - ENERGY

    Honghua Group steps up push on making tools for drilling

    Posted Sep 07th 2012, 12:00am by Eric Ng

    ... rock formations to enhance oil and gas recovery, as well as those used to strengthen well holes to enhance efficiency of the flow of petroleum or gas to the surface. Unconventional oil and gas ... such as tools used in hydraulic drilling," Honghua chairman Zhang Mi said. In December last year, Honghua formed a joint venture in Gansu province with Gansu Huateng Petroleum Machinery ...

  8. Business - Commodities - ENERGY

    Gas prices under upward pressure

    Posted Jan 20th 2014, 12:20am by Eric Ng

    ... that the discount to dirtier replacement fuel, such as fuel oil and liquefied petroleum gas, will be cut to 15 per cent by the end of next year from 27 to 35 per cent now, according to a Citi research ...

  9. Business - Commodities - ENERGY

    Sinopec says it warned officials of danger before Qingdao tragedy

    Posted Nov 29th 2013, 04:10am by Bloomberg

    ... Petroleum & Chemical warned the authorities two years ago that urbanisation was hampering repair work on a crude oil pipeline in Qingdao, Shandong province. A blast last week at the pipeline ... into the production sites anonymously and unannounced," Xi said. In a separate incident, a crane at a high-speed rail construction site fell and caused a petroleum spill at a Sinopec pipeline ...

  10. Business - China Business - ENERGY

    Abu Dhabi forex broker seeks partner in China

    Posted Dec 19th 2013, 01:38am by Jeanny Yu

    ... considering the launch of other products, such as liquefied-petroleum-gas and natural-gas futures. ADS, which opened an office in Hong Kong a month ago, is looking to hire 30 staff in the city next ...




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