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Shanghai Daily,上海日报

Energy


PetroChina sees lowest profit in 5 years

PETROCHINA, the biggest oil and gas producer in China, said yesterday that it posted the lowest annual profit in five years in 2014 as earnings shrank in tandem with falling crude oil prices. The company’s ...

March 27, 2015, Friday


New reform moves for coal sector

China will stop companies from developing new coal mines with a capacity under 300,000 tons a year, and offer financial support for coal firms that seek to exploit shale gas. The National Energy Administration ...

March 26, 2015, Thursday


ChemChina in US$7.7b deal to buy Pirelli

CHINA National Chemical Corp (ChemChina) is to buy into Pirelli, the world’s fifth-largest tire maker, in a 7.1-billion-euro (US$7.7 billion) deal. The deal, agreed with Pirelli’s top shareholders, is ...

March 24, 2015, Tuesday


Sinopec rises despite sharp drop in net profit

SHARES of China Petroleum and Chemical Corp rose yesterday despite a 29.4 percent drop in net profit for last year due to a tumble in crude oil price globally. Sinopec, as the company is also known, said ...

March 24, 2015, Tuesday


Electricity use surges 2.5% for 1st two months

CHINA’S total electricity consumption for January and February rose 2.5 percent year on year, the National Energy Administration said on its website yesterday. The first two months of this year saw the ...

March 17, 2015, Tuesday


Handtmann scores a 1st

HANDTMANN Group, Germany’s largest family-owned aluminum foundry, has set up its wholly owned subsidiary in Tianjin. Handtmann Light Metal Foundry (Tianjin) Co is located in the Tianjin Airport Economic ...

March 16, 2015, Monday


IEA sees US oil surplus weighing on global prices

OIL prices might have stabilized only temporarily because the global oil glut is worsening and US production shows no sign of slowing, the International Energy Agency said yesterday. The West’s energy ...

March 14, 2015, Saturday


Chongming Island to get natural gas

PETROCHINA Co has teamed up with Shenergy (Group) Co and Yangkou Port Co to set up a natural gas pipeline in Jiangsu Province that will serve Shanghai’s Chongming Island, PetroChina said yesterday. The ...

March 12, 2015, Thursday


Nod to build 2nd phase of nuke power station

CHINA’S top economic planner has approved the construction of the second phase of a nuclear power station in the country’s northeast, the first approved since 2011, a company source said yesterday. The ...

March 11, 2015, Wednesday


BP to put US$12b in Egyptian gas fields

BRITISH energy giant BP said yesterday it would invest US$12 billion in gas fields in Egypt together with Russian-owned partner DEA, calling it a “vote of confidence” in the country. ...

March 7, 2015, Saturday


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