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Shanghai Daily,上海日报
Latest news:


COSL suffers loss

China Oilfield Services Ltd, a subsidiary of China National Offshore Oil Corp, made a loss of 11.46 billion yuan (US$1.7 billion) last year. The annual loss was a reverse from a profit of 1.07 billion ...

March 23, 2017, Thursday

Sinopec pays US$1b for African assets

Sinopec will pay almost US$1 billion for a 75 percent stake in Chevron Corp’s South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies said yeste...

March 23, 2017, Thursday

China’s power use climbs

China’s electricity consumption, an important indicator of economic activity, rose significantly in the first two months of this year, suggesting economic improvement, official data showed yesterday....

March 21, 2017, Tuesday

Firm suffers 30% profit fall

Sinopec Engineering Group, China’s state-owned refining and chemical engineering company, suffered a 30 percent fall in profit last year as low crude prices and stricter pollution rules took its toll ...

March 21, 2017, Tuesday

Oil imports speed up

CHINA’S crude imports accelerated over the first two months amid stable global oil prices and high exploitation costs, the National Bureau of Statistics said yesterday. The country’s imports rose 12.5 ...

March 17, 2017, Friday

Coal output trim eased

CHINA eased the cut in coal output in the first two months of this year following official call to ensure stable prices, the National Bureau of Statistics said yesterday. Coal output fell 1.7 percent ...

March 17, 2017, Friday

Shanghai shows the way on energy consumption

CLEAN coal power plants in Shanghai and Zhejiang Province are cited as examples of where China wants to be heading on energy consumption. Ning Jizhe, deputy director of the National Development and Reform ...

March 7, 2017, Tuesday

Yingde to search for new CEO

YINGDE Gases Group Co yesterday said Chief Executive He Yuanping has resigned and will remain a director of the company until the completion of a strategic review that may result in the sale of one of ...

March 7, 2017, Tuesday

Sinopec to invest US$29b to modernize 4 refining bases

China Petrochemical Corp will invest 200 billion yuan (US$29 billion) to upgrade four refining bases in the years through 2020 to produce higher-quality fuels, the company said yesterday. The upgrades ...

March 3, 2017, Friday

Coal consumption decreases for 3rd straight year

CHINA’S world-leading coal consumption fell for the third straight year in 2016, government data showed yesterday, as the world’s second-biggest economy struggles to break its addiction to the heavily ...

March 1, 2017, Wednesday


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