Oil and gas M&A set to take off

There has been flat demand for oil due to the weak global economy.

Flat to lower oil price expectations and rising production costs will drive oil and gas companies to seek growth from mergers and acquisitions in the next few years, according to analysts.

Saturday, 30 March, 2013, 4:37am

Impoverished Afghans look to exploit wealth below their feet

Wahidullah Shahrani, Afghanistan's Minister of Mines, is overseeing new laws. Photo: Paul Yeung

Afghanistan plans to put four or five oil and gas extraction and minerals mining projects out to tender for development this year, as the strife-ridden country reaches out to investors to help develop its vast resources.

27 Mar 2013 - 5:33am

Offshore operations boost earnings for Power Assets

Power Assets' profit from operations in Hong Kong grew 2.4 per cent.

Turnover grew 2 per cent to HK$10.42 billion, thanks to a 1 per cent increase in the average basic tariff and a 1 per cent gain in unit sales of electricity in Hong Kong, the company said.

7 Mar 2013 - 6:12am

Latin American riches lure mainland miners

Brazil is poised to become one of the world's top holders of oil reserves, thanks to major discoveries in deep-water regions. Photo: Bloomberg

Mainland energy and resource firms are eyeing opportunities to acquire more assets in Latin America, a new frontier for China's outbound investment, according to a Latin American partner of global law firm Baker & McKenzie.

1 Oct 2012 - 4:20am

China BlueChemical to flick plant's power switch from gas to coal

China BlueChemical, the fertiliser manufacturing unit of state-owned oil and gas major China National Offshore Oil, plans to make a complete switch from natural gas to coal to power its urea plant in Inner Mongolia by 2015, to ensure the plant stays viable amid rising gas costs.

27 Aug 2012 - 5:04am

United Energy eyes bigger buy in mature markets

Zhang Hongwei

The United Energy Group, the oil and gas unit of mainland tycoon Zhang Hongwei that bought BP's Pakistan assets for US$750 million last year, aims to balance its risk profile by clinching a larger acquisition of a company based in North America or Europe.

16 Aug 2012 - 3:54am

Sewer link in gas blast, inquest told

A gas leak from an underground pipe might have passed over a sewage system and caused the severe blast at a Ngau Tau Kok building that killed two elderly residents, an inquest heard yesterday.

21 Jun 2007 - 12:00am

Gas blast inquest hears of confusion

Coroner told of lapses in reporting

A coroner's hearing into the deaths of two elderly women in an explosion almost two hours after a gas leak was reported outside their flat was told yesterday of a breakdown in communications.

19 Jun 2007 - 12:00am

Son tells of fatal rescue attempt

'What does gas smell like? Does it smell like dried mushrooms?' This was Mak Tsz-ming's response yesterday when he was asked whether he smelt gas while wheeling his 92-year-old mother Eap Kwun out of the lift at Wai King Building on April 11 last year.

Before they reached the entrance hall they were hit by the blast, which killed his adoptive mother.

19 Jun 2007 - 12:00am

Villager hurt in fall after leak fear

A villager who had been trying to escape from a gas leak in his unit injured his leg when he fell from the window in Pat Heung yesterday.

The 47-year-old man awoke at 12.15pm to what he thought was the smell of liquefied petroleum gas in the bedroom of his second-floor unit in a three-storey village house in Kat Hing Wai on Kam Tin Road.

13 Apr 2006 - 12:00am