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Oil Tanker Explodes

Oil Tanker Explodes

January 9, 2019 No Comments

A Vietnam-registered oil tanker (Aulac Fortune ) exploded off Hong Kong’s southern coast Tuesday, killing one crew member and leaving three others missing at sea according to media reports. Hong Kong Police released image of Tanker. 21 crew members were reportedly rescued. Oil and Gas News Undiluted !!! “Oil is well” Please email us your […]

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Heathrow adds another Asian destination to its 11 Chinese routes

Heathrow adds another Asian destination to its 11 Chinese routes

November 2, 2018 No Comments

Heathrow has welcomed the first UK flight arriving directly from the Chinese economic powerhouse and mega-city of Shenzhen. Operated by Shenzhen Airlines, this thrice-weekly service will transport up to 96,408 passengers a year and 3,120 tonnes of annual exports and imports to the city known as China’s tech hub. Recently, Lonely Planet ranked Shenzhen second […]

Electric car buyers in Hong Kong get huge tax break

Electric car buyers in Hong Kong get huge tax break

March 1, 2018 No Comments

Hong Kong is introducing a new tax benefit for residents buying an electric car that would make EVs cheaper, as it tries to encourage battery-powered cars usage Under the 2018-2019 budget unveiled on Wednesday, Hong Kong is introducing a new ‘One-for-One Replacement’ Scheme starting today and running until March 31, 2021. Under the new initiative, […]

Shell completes sale of its LPG marketing business

Shell completes sale of its LPG marketing business

January 3, 2018 No Comments

Shell has completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG on 31st December 2017. Shell continues to operate the LPG plant in Hong Kong, which is part of the second phase of the transaction and is subject to conditions including regulatory approvals. The sale […]

Shell sells its LPG business in Hong Kong and Macau to DCC Energy

Shell sells its LPG business in Hong Kong and Macau to DCC Energy

April 5, 2017 No Comments

Shell has announced the conditional sale of its Liquefied Petroleum Gas (LPG) business in Hong Kong and Macau to DCC Energy for a total enterprise value of US$ 150.3 million (approximately HK$ 1,165 million). John Abbott, Shell Downstream Director, said: “This sale supports Shell’s strategic commitment to focus Downstream activities on areas where we can […]

Roxi Petroleum Enters Agreement to raise USD20 million

April 17, 2015 No Comments

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announced it has entered into a subscription agreement to raise $20m at above the current market price. The Company has entered into a Subscription Agreement with BOCO (H.K.) Limited, (“BOCO”),whereby BOCO will subscribe for 75,585,790 new ordinary shares at a price of […]

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Lishui 36-1 Gas Field Starts Production

July 29, 2014 No Comments

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the Lishui 36-1 gas field has commenced production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its primary production […]

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