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  • October 22, 2014
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  1. Business - Companies - ENERGY

    Hot summer sees Hong Kong lead way in CLP electricity sales

    Posted Oct 20th 2014, 02:08pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com CLP’s electricity sales in the first nine months of the year to Hong Kong and mainland China increased 2.7 per cent year on year to 26,613 gigawatt-hours ... pressure on tariffs in Hong Kong, with the arrangement to continue until 2018. The firm’s sales of electricity in Hong Kong rose 4.3 per cent year on year to 25,590 GWh, boosted by strong ...

    http://www.scmp.com/business/companies/article/1620565/hot-summer-sees-hong-kong-lead-way-clp-electricity-sales
  2. Business - Companies - ENERGY

    Hong Kong solar investor reveals global ambition

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... ambition The Hong Kong property tycoon who gathered almost US$20 billion in mainland solar manufacturing assets is expanding his reach in other green energy technologies and may seek Wall Street ... International, a panel maker and power-plant developer based in Changzhou, with shares listed in Hong Kong. This is the first time Cheng has spoken publicly since he began quietly expanding his efforts ...

    http://www.scmp.com/business/companies/article/1604943/hong-kong-solar-investor-reveals-global-ambition
  3. Business - Commodities - ENERGY

    Russia's Gazprom says US$400b Chinese gas deal not final

    Posted Oct 13th 2014, 04:13am by Reuters

    ... into force. Some analysts and insiders have already expressed their doubts over the validity of the deal, saying that a final agreement on price had not been reached. Russia has announced gas deals with China several times, only for them to prove elusive. In 1997, for example, a US$7 billion deal was clinched to supply 25 billion cubic metres of gas a year to China but the project never ...

    http://www.scmp.com/business/commodities/article/1615299/russias-gazprom-says-us400b-chinese-gas-deal-not-final
  4. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

    Posted Oct 15th 2014, 05:19am by Bloomberg

    ... Bloomberg in London International Energy Agency says weakening economic growth will hit demand as a glut of crude sees prices plunge to a four-year low Oil demand to grow at slowest rate in 5 years Oil demand will expand at the slowest pace since 2009 this year as global economic growth weakens, the International Energy Agency (IEA) said. It also cut its estimates for 2015. Oil ...

    http://www.scmp.com/business/commodities/article/1616581/oil-demand-grow-slowest-rate-5-years
  5. Business - China Business - ENERGY

    Huaneng Power jumps on 9.27b yuan deal with parent firms

    Posted Oct 14th 2014, 02:43pm by Eric Ng

    ... parent firms, which will raise its installed generating capacity by just over 10 per cent. It is the first major asset acquisition by a Hong Kong-listed mainland power generator from its parent ... International Power Development majority stakes in 10 power plant operators, it said in a filing to the Hong Kong stock exchange on Monday night. "[The acquisitions are] conducive to further ...

    http://www.scmp.com/business/china-business/article/1616176/huaneng-power-jumps-927b-yuan-deal-parent-firms
  6. Business - Commodities - ENERGY

    Chinese property investors move into US shale oil market

    Posted Oct 11th 2014, 04:15am by Toh Han Shih

    ... sector]," said Charlie Rosier, director of Blackfish, a Hong Kong-based firm focusing on United States property investment. As Chinese entities pour money into shale oil projects in the US, ... in the northern state that has prospered due to shale oil. North Dakota Developments sells properties to investors in mainland China and Hong Kong through direct sales or agents, said Robert Gavin, its ...

    http://www.scmp.com/business/commodities/article/1614012/chinese-property-investors-move-us-shale-oil-market
  7. Business - Commodities - ENERGY

    Anton Oilfield chief relocates to Hong Kong amid downturn

    Posted Sep 08th 2014, 04:13am by Eric Ng

    ... assisting mainland authorities' probes for a year and has not been contactable by its board. Luo said he and his family moved to Hong Kong late last year on an investment immigration visa. ... and gas majors, relocated its chairman from its Beijing headquarters to Hong Kong to beef up overseas business development amid a downturn in the domestic market. The company is seeking to broaden ...

    http://www.scmp.com/business/commodities/article/1587475/anton-oilfield-chief-relocates-hong-kong-amid-downturn
  8. Business - Commodities - ENERGY

    Saudis avoid 1980s mistakes to halt oil price fall as glut builds

    Posted Oct 14th 2014, 11:54am by Reuters

    ... into a years-long slump, leading to 16 years of Saudi budget deficits that left the country deeply in debt. Finally, in 1985, Riyadh shifted gears, revving up output and cutting prices in a move ... prices go way down Philip Verleger, PKVerleger president Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia ...

    http://www.scmp.com/business/commodities/article/1616112/saudis-avoid-1980s-mistakes-halt-oil-price-fall-glut-builds
  9. News - China - ENERGY

    China National Petroleum Corp anti-graft chief Wang Lixin 'detained'

    Posted Oct 10th 2014, 04:54am by Eric Ng

    ... of PetroChina's Canada unit were also taken away earlier this year, Caixin reported earlier. PetroChina's shares yesterday rose 0.5 per cent in Hong Kong, underperforming rival Sinopec's 0.7 per ... by anti-graft authorities, the news service Caixin reported. It made him the 10th high-level official at the Beijing-based firm known to have been detained since August last year as part ...

    http://www.scmp.com/news/china/article/1613229/china-national-petroleum-corp-anti-graft-chief-wang-lixin-detained
  10. Business - Commodities - ENERGY

    China's top power equipment makers look to clean energy to fuel growth

    Posted Oct 13th 2014, 04:13am by Eric Ng

    ... half of the year. But it said the hydro-power market would "usher in a high-tide period of development", while approval of new nuclear power projects was expected to resume ... by the brokerage to see its gross profit margin in that business fall to 18 per cent in the three years to 2016, from 22 per cent in 2012 and 20 per cent last year. Dongfang, Shanghai Electric Group ...

    http://www.scmp.com/business/commodities/article/1615297/chinas-top-power-equipment-makers-look-clean-energy-fuel-growth

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