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  1. Business - Commodities - ENERGY

    China Gas, Sinopec near venture deals

    Posted Feb 21st 2013, 12:00am by Eric Ng

    ... and gas major China Petroleum & Chemical (Sinopec), has made steady progress in negotiations with Sinopec on forming joint ventures, according to its finance chief. The two firms were in advanced talks on setting up a venture to distribute liquefied petroleum gas (LPG) produced by Sinopec's oil refineries and sell compressed natural gas (CNG) at its petrol stations, China Gas ...

  2. Business - Companies - TAKEOVERS

    Sinopec and ENN drop bid for China Gas

    Posted Oct 16th 2012, 12:00am by Sophie Yu, Denise Tsang

    ... hostile takeover bid for China Gas Holdings by a consortium that included the mainland's second-largest oil firm, China Petroleum & Chemical Corp (Sinopec), fell through yesterday. Ending ... the liquefied petroleum gas produced by Sinopec's refineries and convert Sinopec's more than 30,000 petrol stations on the mainland into petrol/compressed natural gas refilling stations. ...

  3. Business - Companies - TAKEOVERS

    Embattled China Gas in pact with Sinopec

    Posted Oct 17th 2012, 12:00am by Eric Ng

    ... meetings and a hostile takeover battle. The latest twist is an about-face in its relations with one-time enemy China Petroleum & Chemical Corp (Sinopec). Just when investors expected a low-key ... assets to distribute liquefied petroleum gas for Sinopec, the nation's biggest producer of the fuel. They also want to form another joint venture to develop natural-gas refilling stations, ...

  4. US foothold 'final stage of Brightoil plan'

    Posted Sep 29th 2010, 12:00am by Kandy Wong

    ... Kandy Wong Brightoil Petroleum, which delivers fuel oil to ships, plans to expand its bunkering service to the American port of Houston, in Texas, to complete its global service network. ... that extending its networks in the mainland and in the global market could improve net profit margins in the long term. Brightoil Petroleum said it had begun operations in the Malaysian port of Tanjung ...

  5. Ship refueller has big growth plans

    Posted Jan 10th 2011, 12:00am by Eric Ng

    ... Eric Ng Brightoil Petroleum, the mainland's only privately owned fuel supplier to ocean-going vessels, plans to spend around US$350 million this year to build fuel-storage facilities ... bought fuel in the international markets at low prices, which it then resells to Brightoil Petroleum at a 3 per cent discount to Singapore benchmark prices. Brightoil is developing a gas field ...

  6. China Sanjiang targets HK$790m in IPO

    Posted Sep 03rd 2010, 12:00am by Amanda Lee

    ... temperature, often used as an ingredient in detergents and cosmetic products. But the privately owned manufacturer is up against two state-owned oil firms, China Petroleum and Chemical Corp and China National Petroleum Corp, and a Sino-Dutch joint venture called CNOOC and Shell Petrochemicals. According to research company China National Chemical Information Centre, there are currently 12 ...

  7. Brightoil plunges on disappointing results

    Posted Feb 24th 2011, 12:00am by Eric Ng

    ... Eric Ng Brightoil Petroleum (Holdings), which attributed its previously strong profit margin to its 'buy low, sell high' trading strategy, saw its share price plunge as much as 22 per cent after it posted disappointing first-half results. The Hong Kong vessel-fuel bunkering and fuel trading firm, controlled by mainlander Sit Kwong-lam, surprised the market, saying ...

  8. PetroChina set for big gas deal in Canada

    Posted Feb 11th 2011, 12:00am by Eric Ng

    ... and gas producer, China National Petroleum Corp, said in a statement it had signed an agreement with Encana, Canada's largest natural gas producer, to buy a 50 per cent interest ...

  9. CNOOC reaches deal to buy half of Australian energy company

    Posted Dec 09th 2010, 12:00am by Eric Ng

    ... state. The project is run by Australian-listed Exoma Energy, which acquired five petroleum exploration permits covering 26,840 square kilometres- about four-fifths the size of Hainan island- ...

  10. Taiwanese joint venture to buy seven oil tankers

    Posted Sep 02nd 2010, 12:00am by Keith Wallis

    ... Keith Wallis in Shanghai An oil transport joint venture planned by three Taiwanese companies, including government-owned CPC Corp, will spend about US$700 million to buy seven tankers that will transport about 40 per cent of the petroleum giant's oil needs. The joint venture, Global Energy Marine, also includes Taiwan-listed shipping company U-Ming Marine Transport Corp and Chinese ...




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