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Stakes allow CNOOC to tap US waters

CHINA'S CNOOC Ltd has agreed to buy minority stakes in four exploration licenses in the Gulf of Mexico from a Norwegian oil and gas producer, the first time for a Chinese company to tap reserves in the US waters. CNOOC will buy 10 to 20 percent ...

From FU CHENGHAO, Shanghai Daily,  5 Nov 2009

Related Topics: CNOOC Limited,  ASA Limited

Sinopec agrees to buy LNG from Exxon's PNG project

CHINA Petroleum and Chemical Corp, also known as Sinopec, has signed a preliminary agreement with Exxon Mobil Corp to buy 2 million tons a year of liquefied natural gas from the United States energy giant's project in Papua New Guinea. The two firms ...

From FU CHENGHAO, Shanghai Daily,  4 Nov 2009

Related Topics: Santos, Ltd.,  Nippon Oil,  PetroChina,  CNOOC Limited

Firm sees mainland sales rise 40% in Q3

GERMANY'S Freudenberg Group said its China sales jumped nearly 40 percent in the third quarter, thanks to the Chinese government's stimulus package. Sales on the Chinese mainland jumped 36.9 percent in the third quarter from a year earlier, after ...

From FU CHENGHAO, Shanghai Daily,  4 Nov 2009

Low-carbon economy a shared goal

DEVELOPED and developing nations can learn from each other in the pursuit of a low-carbon economy, a Chinese government official said in Shanghai yesterday. China doesn't lag developed nations in terms of energy saving and a green economy, said Zhou ...

From FU CHENGHAO, Shanghai Daily,  3 Nov 2009

Related Topics: ABB LTD

Petrochemical complex prepares launch

AN 18.3-billion-yuan (US$2.7 billion) petrochemical complex in north China will start production by the first quarter of next year, top Asian refiner Sinopec Corp and Saudi Basic Industries Corp said yesterday. The project in Tianjin will be run by ...

From PAN XIAOYI AND FU CHENGHAO, Shanghai Daily,  3 Nov 2009

Related Topics: Saudi Basic Industries

Industry fair celebrates innovation

THE China International Industry Fair, opening yesterday in Shanghai, provided insights into the country's program to boost technological innovation and energy efficiency in an effort to pursue sustainable economic growth. From models of China's ...

From FU CHENGHAO, Shanghai Daily,  3 Nov 2009

Related Topics: Han Zheng,  Siemens AG

Rusal seeks to raise exposure

UNITED Co Rusal, the world's biggest aluminum producer, expects China to account for 10 percent of its revenue by 2015 from this year's 5 percent. The Russian company, which has revived a plan for a Hong Kong stock market listing, seeks to raise ...

From FU CHENGHAO, Shanghai Daily,  2 Nov 2009

Related Topics: Vladimir Putin

China firm in US wind power deal

A CHINESE company will be the exclusive wind turbine supplier to a US$1.5 billion wind-farm project in the United States, in one of the largest Sino-US projects in the renewable energy field. The 600-megawatt Texas facility, enough to supply 180,000 ...

From FU CHENGHAO, Shanghai Daily,  30 Oct 2009

Related Topics: NASDAQ,  Barack Obama

Cautious note on Q4 earnings

BAOSHAN Iron and Steel Co expressed caution on its earnings in the current quarter after it posted its highest earnings in five quarters. "The company faces adverse external factors in the fourth quarter," it said, citing overcapacity, falling ...

From FU CHENGHAO, Shanghai Daily,  30 Oct 2009

CNOOC sales dip but output expands

CHINA'S offshore oil and gas giant CNOOC Ltd reported its sales declined in the third quarter because of the sharp fall in crude prices although its output grew strongly. Its revenue fell 23.1 percent to 23.76 billion yuan (US$3.47 billion) in the ...

From FU CHENGHAO, Shanghai Daily,  29 Oct 2009

Related Topics: CNOOC Limited

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