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  • April 16, 2014
  • Last updated: 8:30pm
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  1. Business - Commodities - ENERGY

    Husky bullish on gas exploration potential in South China Sea

    Posted Apr 02nd 2014, 05:45am by Eric Ng

    ... bullish on South China Sea potential The deepwater regions of the northern South China Sea have big gas exploration potential and are only in an early stage of development, a senior manager ... operating costs. Robert Hinkel, Husky's chief operating officer for the Asia-Pacific, said only about 25 wells had been drilled in the northern South China Sea, with one major discovery already ...

  2. Business - Commodities - ENERGY

    PetroChina, Sinopec to seek private capital

    Posted Mar 05th 2014, 12:24pm by Eric Ng

    ... this year, so as to improve profitability, and last year's spending was also under budget, without giving figures. The South China Morning Post reported yesterday that PetroChina planned ... "several tens of million" of cubic metres last year to between 1.5 billion cubic metres (bcm) this year and 2.6 bcm next year, a PetroChina official who declined to be named told the Post. He ...

  3. Business - Companies - ENERGY

    SPT dismisses concerns over cost cuts at oil giants

    Posted Mar 31st 2014, 05:27am by Eric Ng

    ... efficiency, one must invest more in promising areas and less on areas with glum prospects," he told the South China Morning Post. "One cannot get good results in the promising areas ... PetroChina and China Petroleum & Chemical (Sinopec) will not squeeze profits of oilfield service providers like SPT Energy, its chairman said. The key to a provider's profit sustainability ...

  4. Business - China Business - ENERGY

    PetroChina, Sinopec expected to cut back on capital spending

    Posted Feb 19th 2014, 10:13am by Eric Ng

    ... reduction" in actual spending from the level in 2012 and Sinopec to report flat spending. PetroChina did not respond to inquiries from the South China Morning Post while a Sinopec spokesman said ... Eric Ng eric.mpng@scmp.com Mainland energy giants shift focus to quality instead of quantity amid flat oil prices, rising debt, slowing growth and excess capacity PetroChina, Sinopec ...

  5. Business - Commodities - ENERGY

    China Inc joins the big league in oil and gas services

    Posted Apr 16th 2014, 01:21am by Reuters

    ... Reuters China emerges as force in oil and gas services Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired ... and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say. "The Chinese provide products ...

  6. News - World - ENERGY

    Russia-China pipeline gas deal more likely after Ukraine political crisis

    Posted Apr 11th 2014, 12:00am by BLOOM

    ... Bloomberg in Moscow Ukraine crisis likely gives impetus for a 30-year pipeline supply agreement Russia spurred to sign China gas deal Russian President Vladimir Putin is more likely to sign a 30-year deal to supply pipeline gas to China after more than a decade of false starts because the crisis in Ukraine is forcing Russia to look for markets outside Europe. While Putin ...

  7. Business - Commodities - ENERGY

    Russia close to reaching gas supply deal with China

    Posted Apr 10th 2014, 01:01am by Reuters

    ... Reuters in Moscow Gazprom hopes to sign supply contract next month that will include building a pipeline Russia close to reaching gasdeal with China Russia yesterday said it was close to signing a deal to sell natural gas to China, a long-sought agreement which President Vladimir Putin could hold up to show Western sanctions over Crimea cannot isolate his country. The deal ...

  8. News - China - ENERGY

    Inland nuclear plant restart to help provinces

    Posted Apr 14th 2014, 05:18am by Toh Han Shih, Mimi Lau

    ... by 2015 to reach 43 gigawatts, up from 10.8GW at the end of 2010. China's professed goal of building more reactors than the rest of the world combined by 2020 will have to be revised. Charges ... plant in the central region of Hunan province," China Business Journal reported, quoting a former nuclear power official. The Taohua River plant is estimated to cost 67 billion yuan (HK$84 ...

  9. Business - Companies - ENERGY

    CLP to post profit rise with Indian unit back in black

    Posted Aug 12th 2013, 12:00am by Eric Ng

    ... according to the average estimate of three analysts polled by the South China Morning Post . A Bloomberg survey of three analysts had an average forecast of HK$4.13 billion. CLP made a net profit ... million from mainland China, it posted a net loss of HK$273 million in Australia and a loss of HK$19 million in India. CLP supplies electricity to Kowloon, Lantau and the New Territories. Evan Li, ...

  10. Business - Commodities - ENERGY

    Crude imports drop to 5-month low

    Posted Apr 11th 2014, 12:59am by Reuters

    ... indicating softer real demand. "Despite a recovery in implied demand in February, product demand in China was softer than expected as inventories built," Barclays analyst Sijin Cheng wrote ... growth in the world's second-largest economy. "We are seeing a further pull-back in oil because China's trade numbers fell short of expectations," said Ben Le Brun, a markets ...




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