Search Results

Results 1 - 10

China Oilfield Profit Surges On Crude Prices

Business | Energy
2008-10-30

CHINA Oilfield Services Ltd yesterday said profit more than doubled in the third quarter as record crude prices spurred companies to increase spending on exploration. Net income climbed to 1.21 billion yuan (US$177...

Shares up as market rumors quashed

Business | Energy
2008-10-29

SHARES of China Oilfield Services Ltd rose yesterday after it said that market speculation about hefty foreign-currency losses in its Australia businesses were unfounded. China Oilfield is the latest of a raft...

Oil price slump hammers firm

Business | Energy
2008-10-17

CHINA Oilfield Services Ltd, a unit of the nation's third-biggest oil producer, had its biggest decline in Hong Kong trading on concern the slump in crude prices may prompt companies to cut spending on drilling. ...

CNOOC unit waits for nod on purchase

Business | Energy
2008-8-30

CHINA Oilfield Services Ltd, a unit of the nation's third-largest oil producer, is awaiting approval from the Chinese securities regulator on its purchase of Awilco Offshore ASA and may complete the transaction by...

COSL buys Awilco in 1st overseas deal

Business | Energy
2008-7-8

CHINA Oilfield Services Ltd has agreed to buy Norway's Awilco Offshore ASA for about US$2.5 billion to expand capacity and widen its footprint overseas. Beijing-based COSL, a unit of China National Offshore Oil...

China Oilfield gushes on surge in profit

Business | Energy
2008-1-31

CHINA Oilfield Services Ltd rose in Hong Kong trading after saying profit almost doubled and its biggest customer CNOOC Ltd budgeted a 44-percent jump in spending to meet Chinese energy demand. China Oilfield rose...

COSL's takeover plan thwarted

Business | Energy
2008-1-25

CHINA Oilfield Services Ltd encountered a setback in its first overseas acquisition after the Russian government rejected its takeover of a local counterpart. COSL, Asia's largest oilfield services provider, planned...

Libya oil rig deal

Business | Energy
2007-12-25

CHINA Oilfield Services Ltd, a unit of the nation's third-largest oil producer, won a contract to supply four drilling rigs to Libya for about US$100 million. China Oilfield will deliver two 7,000-meter and two...

COSL hits a gusher in stock trade debut

Business | Energy
2007-9-29

CHINA Oilfield Services Ltd shares tripled in their Shanghai stock market debut yesterday, as investors rushed to buy into a company with near-monopoly status. Shares in the oil drilling services and equipment...

Driller to float

Business | Energy
2007-9-24

CHINA Oilfield Services Ltd, the world's best-performing oil and gas drilling stock this year, will raise 6.74 billion yuan (US$898 million) selling shares in Shanghai to fund the purchase of ships and drilling equipment....