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  1. COSL reports 40pc profit jump, expects boost from new capacity

    Posted Aug 29th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services Ltd, the dominant oil and gas drilling services provider in offshore China, posted a 40 per cent year-on-year jump in first-half net profit, with second-half revenues set to be boosted by major new capacity addition. The co ...

    http://www.scmp.com/article/650681/cosl-reports-40pc-profit-jump-expects-boost-new-capacity
  2. Shandong Molong revives bid to list A Shares

    Posted Nov 10th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung Shandong Molong Petroleum Machinery revived its plan yesterday to apply for an A-share listing on the mainland. In a statement to the Hong Kong stock exchange, the maker of machinery for petroleum drilling and exploration said it would issue no more than 70 million A shares at 1 yuan (HK$1.14) per share. In July, Shandong Molong's plan to issue 700 million ...

    http://www.scmp.com/article/659623/shandong-molong-revives-bid-list-shares
  3. Sinopec seeks efficiency through more staff cuts

    Posted May 09th 2005, 12:00am by Staff Reporter

    ... China Petroleum & Chemical Corp THE MAINLAND'S SECOND-LARGEST oil and gas producer plans to reduce its workforce by 15,000 this year as part of ongoing efforts to cut costs and enhance efficiencies. China Petroleum & Chemical Corp (Sinopec) said it would strive for a headcount of 370,000 by the end of this year, a reduction of about 140,000 from when it was set up ...

    http://www.scmp.com/article/499830/sinopec-seeks-efficiency-through-more-staff-cuts
  4. PetroChina keen to buy stake in Scottish refinery

    Posted Jun 20th 2009, 12:00am by Eric Ng

    ... S$1.47 billion (HK$7.82 billion) for a 45.51 per cent stake in Singapore Petroleum, which has a daily capacity to process 285,000 barrels. Analysts said the purchase would allow the mainland ... Petroleum Corp unveiled on Thursday was reasonable as it was struck at net asset value. ...

    http://www.scmp.com/article/684229/petrochina-keen-buy-stake-scottish-refinery
  5. CNPC (HK) targets 20-fold growth in gas revenue

    Posted May 15th 2009, 12:00am by Eric Ng

    ... But any injection was only likely to happen after two or three years, as PetroChina was in the process of absorbing and restructuring parent China National Petroleum Corp's nascent city gas ... sales growth of 36 per cent in natural gas and 43 per cent in liquefied petroleum gas, although no sales figures were given. It has also signed deals to set up gas distribution projects in 55 ...

    http://www.scmp.com/article/680394/cnpc-hk-targets-20-fold-growth-gas-revenue
  6. Dalian Port plans IPO to buy parent's assets

    Posted Sep 11th 2009, 12:00am by Eric Ng

    ... ports in the northeast of the country. The Hong Kong-listed state-backed operator of petroleum, container and vehicle terminals planned to acquire assets from its parent, PDA Corp, said Dalian ... in Dalian this year, flat from last year, he added. First-half volume was two million teu, down 2.7 per cent year on year. PDA aims to raise total cargo volume- mainly petroleum and bulk commodities ...

    http://www.scmp.com/article/692193/dalian-port-plans-ipo-buy-parents-assets
  7. Business digest

    Posted Oct 19th 2004, 12:00am by Staff Reporter

    ... added. He said China Merchants' net profit this year was expected to reach $3 billion.Chow Chung-yan cnpc appoints jp morgan for restructuring China National Petroleum Corp (CNPC)- parent ... it on potential acquisition of CNPC's overseas assets, they added. Neither the investment banks nor the petroleum firms responded to press queries. According to its annual report, CNPC has overseas ...

    http://www.scmp.com/article/474736/business-digest
  8. CNPC plans to axe 83,500 jobs as price curbs, taxes dent profits

    Posted Jul 26th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC), the parent of energy giant PetroChina, plans to axe 5 per cent of its staff over the next three years to bolster sagging earnings. President ... PetroChina's profitability. Savings could not be estimated because of a lack of details. PetroChina has been less aggressive in cutting its bloated workforce than rival China Petroleum & Chemical ...

    http://www.scmp.com/article/646676/cnpc-plans-axe-83500-jobs-price-curbs-taxes-dent-profits
  9. Refinery deals move Sinopec into rival PetroChina's turf

    Posted Dec 31st 2003, 12:00am by Eric Ng

    ... Eric Ng Asia's largest oil refiner will buy from its parent two refineries that will become its only assets in northwest China China Petroleum & Chemical (Sinopec), which ... of crude oil a year, was part of National Star Petroleum, which was restructured by the central government and injected into Sinopec's parent, Sinopec Group. Xian Petrochemical, based ...

    http://www.scmp.com/article/439604/refinery-deals-move-sinopec-rival-petrochinas-turf
  10. Offshore rig service provider TSC seeks acquisitions, tie-ups

    Posted Mar 28th 2011, 12:00am by Eric Ng

    ... it bought a 51 per cent stake in Jurun, which provides petroleum engineering services, rents and repairs equipment and distributes parts globally, for HK$46.67 million. It also formed a joint ...

    http://www.scmp.com/article/742314/offshore-rig-service-provider-tsc-seeks-acquisitions-tie-ups

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