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  1. News - Hong Kong

    60 per cent of plastic pellets spilled from freighter recovered, official says

    Posted Sep 04th 2012, 12:00am by Joyce Man

    ... seven containers - six containing pellets and one with glass bottles - belonging to mainland oil giant Sinopec fell into the sea from a vessel leased by China Shipping Container Lines. The pellets washed ashore in Hong Kong, prompting green groups and volunteers to begin a clean-up of beaches before four government departments launched their own. The government and Sinopec said ...

    http://www.scmp.com/news/hong-kong/article/1028884/60-cent-plastic-pellets-spilled-freighter-recovered-official-says
  2. Business - Companies - ENERGY

    Sinopec buys Nigerian oil stake for US$2.5 billion

    Posted Nov 20th 2012, 12:00am by Bloomberg

    ... Bloomberg in Paris Sinopec buys Nigerian oil stake for US$2.5 billion Total, France's largest oil company, has sold its 20 per cent stake in an offshore Nigerian field to China Petrochemical Corp (Sinopec) for about US$2.5 billion as part of an asset-disposal programme. The OML 138 block includes the Usan field, which started output in February, Total said yesterday. The asset ...

    http://www.scmp.com/business/companies/article/1086403/sinopec-buys-nigerian-oil-stake-us25-billion
  3. News - China - ENVIRONMENT

    Ningbo activists seek big weekend protest over Sinopec plant expansion

    Posted Oct 25th 2012, 12:00am by Li Jing

    ... Li Jing jing.li@scmp.com Ningbo residents call for big demonstration at weekend over Sinopec plant expansion plan Chemical plant protesters keep up pressure Hundreds of people in the city ... expansion of the oil refinery, China's biggest, and associated chemical plant operated by Sinopec. The Zhenhai district government showed no sign of backing down. Xinhua quoted the district ...

    http://www.scmp.com/news/china/article/1068972/ningbo-activists-seek-big-weekend-protest-over-sinopec-plant-expansion
  4. Business - Companies - EARNINGS

    Sinopec blames 41.6pc fall in first-half net on weak demand for its products

    Posted Aug 27th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com First-half net dives to 23.7 billion yuan but oil refiner expects state action to bring better days Sinopec blames 41.6pc fall in profit on weak demand China Petroleum & Chemical Corp (Sinopec) posted a 41.6 per cent drop in net profit for the first half on weaker demand for refinery products in its home market. But demand is expected ...

    http://www.scmp.com/business/companies/article/1022965/sinopec-blames-416pc-fall-first-half-net-weak-demand-its-products
  5. News - China - ENVIRONMENT

    CCTV exposé shows frustration of agencies at keeping firms in check

    Posted Sep 28th 2012, 12:00am by Li Jing

    ... battle watchdogs face The televised dressing down of state oil giant Sinopec for repeated regulatory violations has helped throw back the curtain on the lopsided battle between ... environmental regulations as regulatory officials are either unable or unwilling to interfere. Analysts say the decision to air footage on CCTV of Sinopec being berated by officials from the Ministry ...

    http://www.scmp.com/news/china/article/1048965/cctv-expos%C3%A9-shows-frustration-agencies-keeping-firms-check
  6. Comment - Blogs

    M&A: HSBC dumps Ping An, Sinopec in Nigeria

    Posted Nov 20th 2012, 02:28pm by Doug Young

    ... Sinopec could be getting a good deal with its new US$2.5 billion purchase of Nigerian oil assets from Total (Paris: TOTF) as the French oil giant looks to raise cash to boost its exploration ... partnerships. Meantime, let's take a look at the Sinopec news, which has seen the oil refining major agree to purchase a 20 per cent stake in an oil field off the Nigerian coast held by Total ...

    http://www.scmp.com/comment/blogs/article/1086627/ma-hsbc-dumps-ping-sinopec-nigeria
  7. Business - Commodities - OIL

    Sinopec close to deal for Nigerian oilfields

    Posted Nov 07th 2012, 12:00am by Bloomberg

    ... Bloomberg Mainland oil giant seeking acquisitions to boost its falling crude reserves, say industry sources Sinopec close to deal with Total for Nigerian blocks China Petroleum & Chemical Corp (Sinopec) is close to buying stakes in Nigerian onshore oil blocks from Total for about US$2.4 billion as it seeks to reverse a decline in oil reserves, industry sources say. ...

    http://www.scmp.com/business/commodities/article/1076575/sinopec-close-deal-nigerian-oilfields
  8. Comment - Blogs

    Sinopec's China Gas bid flames out

    Posted Oct 16th 2012, 11:08am by Doug Young

    ... Doug Young Sinopec's scrapping of its hostile bid for China Gas means big state-run Chinese firms are unlikely to make more similar unfriendly M&A attempts in the near term. One of the more entertaining and strange cases of hostile M&A by a big state-run firm has quietly flamed out, with the announcement by oil major Sinopec (0386.HK; Shanghai: 600028; NYSE: SNP) ...

    http://www.scmp.com/comment/blogs/article/1062305/sinopecs-china-gas-bid-flames-out
  9. Business - Companies - TAKEOVERS

    Sinopec and ENN drop bid for China Gas

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

    ... Sophie Yu and Denise Tsang Hostile offer called off after failing to meet pre-conditions; joint ventures on gas supply formed Sinopec and ENN drop bid for China Gas The US$2.2 billion 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 ...

    http://www.scmp.com/business/companies/article/1062077/sinopec-and-enn-drop-bid-china-gas
  10. News - China - ENVIRONMENT

    Sinopec closes three petroleum plants after pollution exposed on state TV

    Posted Sep 27th 2012, 12:00am by Li Jing

    ... Li Jing jing.li@scmp.com Sinopec shuts down production at three plants in Guangdong after company is shown being dressed down over emission violations PETROLEUM POLLUTION EXPOSED ON STATE TV Petrochemical giant Sinopec has suspended production at three subsidiaries in Guangdong after a state television exposé showed the company being scolded in an internal meeting over severe ...

    http://www.scmp.com/news/china/article/1048068/sinopec-closes-three-petroleum-plants-after-pollution-exposed-state-tv

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