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Shanghai Daily,上海日报


PetroChina’s net earnings up at US$ 11b

A petrol pump is seen at a PetroChina gas station in Shanghai. The net profit of PetroChina Co increased 4 percent year on year to 68.1 billion yuan (US$11 billion) in the first six months of this year, China’s largest oil and gas producer said yesterday. ...

August 29, 2014, Friday

Nuke plant in Shandong to start in 2016

A nuclear power plant in Shandong Province is likely to go into operation in 2016, the local power company said yesterday.The conventional islands of the project’s first stage, located in Haiyang,...

August 27, 2014, Wednesday

China's top coal producer profits down 11.7%

CHINA Shenhua Energy Company Limited (CSEC), China's largest coal producer, said today that its first-half net profits fell 11.7 percent to 21.6 billion yuan (US$3.5 billion). The company's business revenues ...

August 23, 2014, Saturday

Suitors short-listed for stake in Sinopec Sales

Canadian retailer Alimentation Couche-Tard Inc and China’s Tencent Holdings Ltd are among suitors short-listed to buy a US$16 billion minority stake in China’s Sinopec Sales,...

August 21, 2014, Thursday

PetroChina unit shuts 2 liquid gas plants

China’s biggest energy firm PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas to fuel trucks and ships in place of diesel, shutting two loss-...

August 19, 2014, Tuesday

China’s gold demand plunges 51% in Q2

CHINA’S gold demand plunged 51 percent from a year earlier in the second quarter on less jewelry consumption and bullion investment, according to an industry report. Gold jewelry consumption dimmed 45 ...

August 15, 2014, Friday

Power use slows sharply in July

CHINA’S power consumption slowed sharply in July, adding to signs the world’s second-largest economy may be losing steam. Electricity consumption, a broad measure of economic vitality, increased 3 percent ...

August 15, 2014, Friday

Crude demand and prices suppressed: IEA

UNSTEADY global economic growth is holding down oil demand and prices despite worries about conflict in key regions, the IEA said yesterday, lowering its demand forecasts. “Despite armed conflict in Libya, ...

August 13, 2014, Wednesday

Gas price rise to cut reliance on imports

NON-RESIDENTIAL gas price will rise 0.40 yuan (6.50 US cents) per cubic meter from September 1 to reduce China’s dependence on imported gas, the National Development and Reform Commission said yesterday. ...

August 13, 2014, Wednesday

Energy and mining giants push up China’s M&A deals in July

MERGERS and acquisitions by Chinese enterprises continued to pick up in July with a significant surge in deal value, thanks to mega transactions among energy and mining companies, an industry report said ...

August 7, 2014, Thursday


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