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Shanghai Daily,上海日报
Latest news:


CNOOC suffers US$1.16b net loss in H1

China’s main offshore oil and gas producer CNOOC saw its shares on the Hong Kong stock exchange fall yesterday, after it reported a US$1.16 billion net loss for the first half of 2016....

August 26, 2016, Friday

PetroChina sees net profit dive 98% in H1

NET profit of PetroChina, the country’s biggest oil producer, plunged 97.9 percent in the first half of this year, the company said yesterday, as it struggled with a weak domestic economy and low oil ...

August 25, 2016, Thursday

Listing via reverse merger

CNPC Asset Management Co, a subsidiary of China National Petroleum Corporation, will be listed via a reverse merger with Jinan Diesel Engine Co, the online financial magazine Caixin reported yesterday...

August 23, 2016, Tuesday

Australia warned over grid deal block

AUSTRALIA’S decision to block the A$10 billion (US$7.7 billion) sale of the country’s biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, ...

August 18, 2016, Thursday

Oil spurts on hopes of OPEC deal to freeze output

OIL rose further yesterday on hopes that OPEC producers would agree to freeze output next month and ease the global supply glut. At 1130 GMT, US benchmark West Texas Intermediate for September delivery ...

August 16, 2016, Tuesday

Stalled crude investment to restart

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to ...

August 12, 2016, Friday

Aussies ban US$7.7b sale of power grid to Chinese

AUSTRALIA blocked the A$10 billion (US$7.7 billion) sale of its biggest energy grid to State Grid Corp of China and Hong Kong’s Cheung Kong Infrastructure Holdings citing security concerns, a blow to ...

August 12, 2016, Friday

BP seeks buyers for its 50% of venture

British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch US$2-US$3 billion....

August 10, 2016, Wednesday

Imports lift oil and gas processors

China’s oil and gas processors are benefiting from growing imports while oil producers suffer as domestic output declines, said the National Development and Reform Commission yesterday....

August 9, 2016, Tuesday

Coal firms help index close up

Shanghai shares edged up yesterday as investors were buoyed by the Chinese government’s measures to ease the financial pressure on coal and steel firms by converting debt to equity....

August 9, 2016, Tuesday


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