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  • September 22, 2014
  • Last updated: 2:42pm
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Results 1 - 10 of 12 for petroleum

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  1. Business - Commodities - ACQUISITIONS

    Kingdream buys China Petrochemical unit for 1.6b yuan

    Posted Sep 18th 2014, 05:57am by Eric Ng

    ... Petrochemical's Sinopec Petroleum Engineering Machinery unit, Kingdream said in a filing to the Shenzhen stock exchange. "Upon completion of the deal, Kingdream's product line will expand from ... our sales, profit and capacity to cope with market risks." Sinopec Petroleum Engineering Machinery makes machines used in drilling and fracturing underground formations to release oil ...

  2. Business - Commodities - ACQUISITIONS

    Brightoil completes purchase of Bohai Bay oil blocks

    Posted Aug 11th 2014, 10:25am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Hong Kong-listed Brightoil Petroleum has announced the finalisation of a US$1 billion acquisition of oil blocks in northeast China from Anadarko Petroleum, a New York-listed firm that specialises in oil exploration. Brightoil has bought a 40 per cent stake in a 124 sq km offshore oil block, and a 29 per cent stake in an 88 sq km ...

  3. Business - China Business - ACQUISITIONS

    China Shipping Development pays HK$1b to boost stake in Beihai Shipping

    Posted Sep 12th 2014, 12:41pm by JING YANG

    ... Jing Yang jing.yang@scmp.com China Shipping Development, the country’s largest tanker operator by fleet size, is acquiring a 20 per cent stake in a mainland tanker company for HK$1 billion from parent China Shipping (Group) in a bid to capitalise on the growth of hauling petroleum along China’s coast and inland waterways. The latest purchase raises China Shipping Development’s ...

  4. Business - Commodities - ACQUISITIONS

    Brightoil in talks to buy US firms’ China operations

    Posted Feb 14th 2014, 03:13pm by Reuters and Eric Ng

    ... Reuters and Eric Ng Brightoil in talks with US firms to buy China assets Marine fuel supply and oil trading firm Brightoil Petroleum has held talks with US oil companies Anadarko Petroleum and Newfield Exploration to buy their China operations, sources said. Hong Kong-listed Brightoil has been searching for upstream investment opportunities in China and overseas for several years. ...

  5. Business - Commodities - ACQUISITIONS

    Brightoil eyes assets of oil firms leaving China

    Posted Jul 17th 2014, 01:22am by Eric Ng

    ... Brightoil Petroleum (Holdings), the mainland's only privately owned supplier of fuel to ocean-going vessels, is in talks with several foreign companies to buy their oil production assets ... Petroleum. State-backed CNOOC has majority control. The deal, expected to be completed by August 8, would raise Brightoil's proved and probable oil and gas reserves to 83 million barrels of oil ...

  6. Business - Commodities - ACQUISITIONS

    CNPC in talks with Eni for US$4b gas assets in Mozambique

    Posted Mar 08th 2013, 12:00am by Bloomberg

    ... Bloomberg China's oil giant targets stake in Mozambique project in its biggest overseas investment CNPC in talks for US$4b gas asset in Africa China National Petroleum Corp, ... offshore fields might hold enough gas to meet world consumption for more than two years, the national oil company said. Eni and Anadarko Petroleum, the two companies leading exploration ...

  7. Business - Commodities - ACQUISITIONS

    Sinopec eyes 15 per cent stake in Petronas' Canadian LNG project

    Posted Mar 19th 2014, 01:25am by Reuters

    ... stake, alongside existing partners Japan Petroleum Exploration and state-run PetroleumBrunei, in a move designed to share development costs. Its deal with Indian Oil also included a 10 per cent ... scouting for oil and gas assets abroad to meet rising domestic demand. China National Petroleum Corp last year bought a 20 per cent stake in the Novatek-led Yamal LNG project in Russia's ...

  8. Business - Commodities - ACQUISITIONS

    Brightoil to seek CDB funding for Anadarko deal

    Posted Feb 21st 2014, 01:11am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Brightoil to seek CDB funding for Anadarko deal Brightoil Petroleum, controlled by mainland businessman Sit Kwong-lam, will seek financing from China Development Bank to fund its US$1 billion acquisition of the minority stake in two oilfields from American company Anadarko Petroleum. Sit, the firm's chairman, sought to allay concerns that the large ...

  9. Business - Commodities - ACQUISITIONS

    China oil giants change focus after spending spree

    Posted May 12th 2014, 02:58am by Eric Ng

    ... According to a banker who advises the three, China National Petroleum Corp snapped up US$15 billion of overseas assets last year. "Optimising and rationalising assets by the three have been ...

  10. Business - Banking & Finance - ACQUISITIONS

    CCB 'close to deal' to acquire BicBanco

    Posted Oct 31st 2013, 02:57am by BLOOM

    ... in Brazil as it followed customers to that nation, the person said. China and Brazil in March agreed to establish a US$30 billion currency swap line and China National Petroleum Corp last week won ...




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