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  • October 24, 2014
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  1. Explorers say HKEx ban on listings should change

    Posted May 31st 2010, 12:00am by Eric Ng

    ... Eric Ng The decision by Hong Kong Exchanges and Clearing (HKEx), the operator of the local share market, to exclude pure exploration companies from listing in Hong Kong continues to draw opposition from listing hopefuls affected by the ban. But one industry veteran believes the HKEx will relent and allow the listing of junior explorers in two to five year's time. Owen Hegarty, ...

  2. Oil firms' exploration spending drops 13.8pc

    Posted Mar 12th 2009, 12:00am by Eric Ng

    ... Mainland energy producers spent 13.8 per cent less on exploration in the first two months of the year compared with a year earlier, after international oil prices fell sharply ... they had not cut exploration budgets for this year, while a China Petroleum & Chemical Corp (Sinopec) spokesman would not comment on its spending. Oil and gas executives said the two-month ...

  3. Exploration expenses eat into earnings

    Posted Apr 14th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster CNPC (Hong Kong), a unit of the country's largest oil company, said high exploration costs helped contribute to a 20 per cent fall in profit last year to HK$1.37 billion on sales of HK$3.84 billion, down 1.3 per cent. The company plans a 12 HK cents dividend in June, subject to approval. The company said exploration activity was raised to benefit from high global ...

  4. Sinopec pours funding into oil, gas exploration

    Posted Oct 30th 2003, 12:00am by Eric Ng

    ... Eric Ng The firm wants to capitalise on good exploration results this year to boost output next year and offset lower crude prices China Petroleum & Chemical (Sinopec) is increasing its spending on oil and gas exploration to bolster production and offset lower oil prices expected next year. Zhang Jiaren, chief financial officer of the country's second-largest oil ...

  5. PetroChina boosts exploration funds after profit surge

    Posted Mar 21st 2006, 12:00am by Eric Ng

    ... Eric Ng PetroChina has announced a key increase in capital expenditure for the second year mainly to boost exploration efforts, after it unveiled a record annual profit. The company ... to see the company is investing its windfall profits on upstream exploration amid high oil prices, while still being able to maintain a 45 per cent dividend payout,' UOB Kay Hian associate ...

  6. Business Digest

    Posted Jul 26th 2012, 12:00am

    ... Shell, CNOOC link up in offshore oil and gas deal European energy major Royal Dutch Shell said it had signed an agreement to explore for oil and gas in the Yinggehai Basin off China's south coast. Shell will pay exploration costs, and would be entitled to 49 per cent of output if reserves are found, with China National Offshore Oil Corp (CNOOC) taking the rest. CNOOC said ...

  7. Developers may face space cap

    Posted Mar 14th 2006, 12:00am by Chloe Lai, Quinton Chan

    ... projects to prevent developers using exemptions to build huge blocks, the housing minister said last night. If such a cap was imposed, there would be no floor space exemption 'in any ... was responding to a South China Morning Post report yesterday that Henderson gained more than 12,000 square metres of extra floor space for the Grand Promenade's green features, worth almost $800 ...

  8. Keys to the banking world

    Posted Nov 26th 2011, 12:00am

    ... internationalisation process,' she said. 'Besides, with a population of 1.3 billion, China is undoubtedly a huge market with enormous space for development and exploration. Hence, the market ... who didn't have relevant knowledge or experience, but who were, nonetheless, interested in exploring a banking career. The diploma is either in classroom or self-study format. ...

  9. Ask our experts

    Posted Dec 05th 2011, 12:00am

    ... has a critical five-year lead time to address these issues and advocates exploring new land-use possibilities to address a critical shortage of office space. It recommends raising capacity ...

  10. PetroChina invests in Qatar natural gas project

    Posted Jul 27th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina has agreed to acquire a 40 per cent interest in an oil and gas exploration project in Qatar, the latest in a string of overseas investment deals ... of the exploration and production rights in Block 4, an area of more than 2,500 square kilometres off Qatar's shores. The Qatari government has cleared the deal. The area is located close ...




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