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  • July 22, 2014
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  1. 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 ...

  2. 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 ...

  3. United Energy looks afar for assets

    Posted Feb 03rd 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com United Energy, a firm controlled by mainland tycoon Zhang Hongwei and supported by a US$5 billion credit facility from China Development Bank, is seeking to buy oil-and-gas assets in Asia, the Middle East, Africa and the United ...

  4. Sino Oil to slow drilling of wells

    Posted Sep 05th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Sino Oil and Gas Holdings, a mainland coal bed methane (CBM) projects developer 12 per cent-owned by billionaire Richard Chandler's Mandolin Fund, has slowed the pace of well-drilling to improve sustainability of future out ...

  5. 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 ...

  6. Growth masks crude waste

    Posted Jul 04th 2005, 12:00am by Mark O'Neill

    ... The mainland's consumption of precious resources is growing at an unsustainable rate, writes Mark O'Neill Many developing countries look with envy at the mainland's rapid economic growth and see it as a model for their own future. But, just ...

  7. Swire to expand offshore fleet

    Posted May 17th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Investment holding company Swire Pacific will spend US$1.2 billion over the next few years buying more than 20 new offshore support vessels to expand and upgrade its existing fleet of 77 ships. John Rae-Smith, executive ...

  8. Chances of an oil crisis slim, but impact would slam Asia

    Posted Mar 03rd 2011, 12:00am by Tom Holland

    ... in India and Indonesia would climb to around 10 per cent. In reality, the picture could be even worse. Because agriculture is energy-intensive and heavily dependent on petroleum-based fertilisers, ...

  9. Crude pierces US$68, Asian equities retreat

    Posted Aug 26th 2005, 12:00am by Staff Reporter

    ... was the most important risk to Asian growth. 'If high prices persist, the impact will be considerable.' China National Petroleum Corp, parent of Petrochina, signed a preliminary accord ...

  10. Honghua to move into drilling services after losses from rigs

    Posted Apr 15th 2010, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of land oil drilling rigs, is diversifying into drilling services to boost sales after it plunged into a loss last year as the global financial crisis hit its export-heavy sales. The Sichuan com ...




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