DOCSLIB.ORG

Sinopec Oilfield Service Corporation Announcement of The

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sinopec Oilfield Service Corporation Announcement of The Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Sinopec Oilfield Service Corporation (a joint stock limited company established in the People’s Republic of China) (Stock code: 1033) Announcement of the interim results for the six months ended 30 June 2018 The Board of Directors (“the Board”) of Sinopec Oilfield Service Corporation (the "Company”) hereby presents the interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2018. 1. IMPORTANT NOTES 1.1 The Board and the Supervisory Committee of the Company and its directors, supervisors and senior management warrant that there are no false representations, misleading statements or material omissions in this announcement and individually and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained in this announcement. 1.2 The interim financial statements of the Company for 2018, which have been prepared in accordance with the PRC Accounting Standards for Business Enterprises (“PRC ASBE”) and International Financial Reporting Standards (“IFRS”), are unaudited. The interim financial statements of the Company for 2018, which have been prepared in accordance with the IFRS, have been reviewed by Grant Thornton Hong Kong Limited. 1.3 Mr. Sun Qingde, Vice Chairman and General Manager, Mr. Li Tian, Chief Financial Officer, and Mr. Pei Defang, Manager of the Accounting Department of the Company, hereby warranted the authenticity and completeness of the interim financial statements contained in the announcement. 1.4 This announcement of interim results is a summary of the 2018 Interim Report of the Company. For more details, investors should carefully read the full version of the 2018 Interim Report, which is published on the websites of the Shanghai Stock Exchange (“SSE”) (website: http://www.sse.com.cn), The Stock Exchange of Hong Kong Limited (“HKSE”) (website: http://www.hkex.com.hk) and the Company (website: http://ssc.sinopec.com). 1 2. BASIC INFORMATION OF THE COMPANY 2.1Company Profile 2.1.1 Places of listing, names and codes of the stock: Share Type Place of listing of Stock Stock Code Stock abbreviation the shares abbreviation before change A Shares SSE *ST Youfu 600871 SINOPEC SSC H Shares HKSE SINOPEC SSC 1033 - 2.1.2 Contact Persons and Contact Information Secretary to the board Securities Affairs Representative Name Li Honghai Shen Zehong Address Office of the board of directors, #9 Jishikou Road, Changyang District, Beijing, China. Telephone 86-10-59965998 Fax 86-10-59965997 E-mail [email protected] 2.2 Principal financial data and financial indicators 2.2.1 Extracted from the interim financial report prepared under IFRS (Unaudited) As at 30 June As at 31 December Increase 2018 2017 /(Decrease) RMB’000 RMB’000 (%) Total assets 60,153,882 61,942,629 (2.9) Total liabilities 54,004,436 64,046,629 (15.7) Total equity attributable to equity 6,149,446 （2,102,628） Not applicable shareholders of the Company Net assets per share attributable to equity shareholders of the 0.32 （0.15） Not applicable Company (RMB) For the six months For the six months Increase/(Decrease) ended 30 June 2018 ended 30 June 2017 (%) RMB '000 RMB '000 Profit /(Loss) attributable to equity 615,731 （2,132,148） Not applicable shareholders of the Company Basic and diluted earnings/(loss) RMB 0.034 RMB (0.151) Not applicable per share Net cash used in operating activities (3,515,042) （1,988,314） Not applicable Increased by 43.74 Return on net assets 10.01% (33.73%) percentage points Net cash used in operating activities RMB (0.185) RMB (0.141) Not applicable per share 2.2.2Extracted from the interim financial report prepared in accordance with the PRC ASBE (Unaudited) （1）Key financial data For the six months For the six months ended ended 30 June 2018 30 June 2017 Increase/(Decrease) RMB’000 RMB’000 (%) Operating income 23,653,002 19,842,318 19.2 Operating profit (“-” for losses) 403,678 -2,149,212 Not applicable Profit before income tax (“-” for losses) 549,066 -2,085,986 Not applicable Net profit attributable to equity Not applicable shareholders of the Company (“-” for 400,949 -2,285,324 losses) 2 Net profit deducted extraordinary gain and loss attributable to equity 463 -2,328,674 Not applicable shareholders of the Company (“-” for losses) Net cash inflow from operating -3,515,042 -1,988,314 Not applicable activities (“-” for outflow) As at As at 30 June 31 December 2018 2017 Increase/(Decrease) RMB’000 RMB’000 (%) Total equity attributable to equity 6,149,446 -2,102,628 Not applicable shareholders of the Company Total assets 60,153,882 61,942,629 -2.9 （2）Key financial indicators For the six months For the six ended months 30 June 2018 ended Increase/(Decrease) 30 June 2017 (%) Basic earnings per share (RMB) 0.022 -0.162 Not applicable (“-” for losses) Diluted earnings per share (RMB) 0.022 -0.162 Not applicable (“-” for losses) Basic earnings per share deducted extraordinary gain and loss (RMB) - -0.165 Not applicable (“-” for losses) Weighted average return on net assets Increased by 8.99% -31.30% 40.29 percentage points Weighted average return on net assets Increased by deducted extraordinary gain and loss 0.01% -31.90% 31.91 percentage points 2.2.3Extraordinary gain and loss items and amount (figures are based on the interim financial report prepared in accordance with the PRC ASBE) (Unaudited) Extraordinary gain and loss items Amount (RMB’000) Disposal of non-current assets 895 Government grants recognized in profit or loss during the current period 384,519 Gains of debt restructuring 147,330 Other non-operating income and expenses excluding the aforesaid items -1,941 Effect of income tax -130,317 Total 400,486 3 2.2.4 Differences between the interim financial report of the Company prepared in accordance with the PRC ASBE and IFRS (Unaudited) Net profit attributable to equity Total equity attributable to equity shareholders of the Company shareholders of the Company (“-” for losses) For the six For the six As at As at months ended months ended 30 June 1 January 30 June 30 June 2018 2018 2018 2017 RMB’000 RMB’000 RMB’000 RMB’000 PRC ASBE 400,949 -2,285,324 6,149,446 -2,102,628 Adjusted items and amounts in accordance with IFRS: Specific reserve (a) 214,782 153,176 - - IFRS 615,731 -2,132,148 6,149,446 -2,102,628 Explanations for Please refer to the section 7.3 of the financial report in this announcement difference 4 3. CHANGES IN SHARE CAPITAL AND SHAREHOLDINGS OF MAJOR SHAREHOLDERS 3.1 Changes in share capital Before Increase/(decrease) (+/-) After change change Numbers Percen New issue St Conversi Others Sub-total Numbers of Percen of shares t (%) oc on shares t (%) k from di Reserve vi de nd s I. Shares 9,224,327,662 65.2 +4,122,504,543 - - -9,224,327,662 -5,101,823,119 4,122,504,543 21.7 with selling restrictions: 1.State- - - - - - - - - - owned shares 2. Shares 9,224,327,662 65.2 +1,503,568,702 - - -9,224,327,662 -7,720,758,960 1,503,568,702 7.9 held by state-owned companies 3. Shares - - +23,148,854 - - - +23,148,854 23,148,854 0.1 held by other domestic investors 4. Shares - - +2,595,786,987 - - - +2,595,786,987 2,595,786,987 13.7 held by foreign investors II.Shares 4,918,333,333 34.8 +719,174,495 - - +9,224,327,662 +9,943,502,157 14,861,835,490 78.3 without selling restrictions 1.RMB- 2,818,333,333 20.0 - - - +9,224,327,662 +9,224,327,662 12,042,660,995 63.4 denominate d ordinary shares 2.Shares - - - - - - - - - traded in non-RMB currencies and listed domesticall y 3.Shares 2,100,000,000 14.8 +719,174,495 - - - +719,174,495 2,819,174,495 14.9 listed overseas 4. Others - - - - - - - - - III.Total 14,142,660,99 100.0 +4,841,679,038 - - - +4,841,679,038 18,984,340,033 100.0 5 shares 5 Notes for changes in shares: During the reporting period, the Company’s total number of shares and its share capital structure have been changed. The main changes are: On 2 January 2018, the restricted period for the sale of 9,224,327,662 restricted-sale A-shares held by China Petrochemical Corporation (CPC) was completed and listed and circulated; On 24 January 2018, the Company non-publicly issued 2,595,786,987 restricted-sale H-shares and 719,174,495 unrestricted-sale H shares to Sinopec Century Bright Capital Investment, Ltd(Century Bright Company) and China Structural Reform Fund Corporation Limited (China Structural Reform Fund) respectively. On 25 January 2018, the Company non-publicly issued 1,503,568,702 and 23,148,854 shares of restricted-sale A shares to the China Petrochemical Corporation and the Qi Xin Gong Ying Scheme respectively, and completed the registration and custody of the nonpublic issuance of A shares in the Shanghai Branch of China Securities Depository and Clearing Corporation Limited. After accomplishment of the above non-public placement, the total number of shares issued by the company increased from 14,142,660,995 shares to 18,984,340,033 shares.
Load more

Recommended publications
  • Case M.9837 — BP/Sinopec Fuel Oil Sales/BP Sinopec Marine Fuels) Candidate Case for Simplified Procedure
    C 6/16 EN Offi cial Jour nal of the European Union 8.1.2021 Prior notification of a concentration (Case M.9837 — BP/Sinopec Fuel Oil Sales/BP Sinopec Marine Fuels) Candidate case for simplified procedure (Text with EEA relevance) (2021/C 6/13) 1. On 22 December 2020, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1). This notification concerns the following undertakings: — BP Plc. (United Kingdom), — Sinopec Fuel Oil Sales Co. Ltd (People’s Republic of China), controlled by China Petrochemical Corporation (People’s Republic of China), — BP Sinopec Marine Fuels Pte. Ltd. BP Plc. and Sinopec Fuel Oil Sales Co. Ltd acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of BP Sinopec Marine Fuels Pte. Ltd. The concentration is accomplished by way of contract. 2. The business activities of the undertakings concerned are: — for BP Plc.: exploration, production and marketing of crude oil and natural gas; refining, marketing, supply and transportation of petroleum products; production and supply of petrochemicals and related products; and supply of alternative energy, — for Sinopec Fuel Oil Sales Co. Ltd: providing oil products and service to domestic and international trading vessels, — BP Sinopec Marine Fuels Pte. Ltd: wholesale and retail supply of bunker fuels in Europe, Asia and the Middle East. 3. On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
    [Show full text]
  • Patronage of Vladimir Putin
    LLorord of the d of the RiRigsgs RosRosnenefftt a as s a a MMiirrrror oor off Rus Russisia’sa’s Ev Evololututiionon Nina Poussenkova Carnegie Moscow Center PortPortrraiaitt of of RosneRosneft ft E&P Refining Marketing Projects Yuganskneftegas Komsomolsk Purneftegas Altainefteproduct Sakhalin­ 3, 4, 5 Sakhalinmorneftegas Tuapse Kurgannefteproduct Vankor block of fields Severnaya Neft Yamalnefteproduct West Kamchatka shelf Polar Lights Nakhodkanefteproduct Black and Azov Seas Sakhalin­1 Vostoknefteproduct Kazakhstan Vankorneft Arkhangelsknefteproduct Algiers Krasnodarneftegas Murmansknefteproduct CPC Stavropolneftegas Smolensknefteproduct Vostochno­Sugdinsk block Grozneft Artag Verkhnechonsk­ Kabardino­Balkar Fuel Co Neftegas Karachayevo­ Udmurtneft Cherkessknefteproduct Kubannefteproduct Tuapsenefteproduct Stavropoliye Ex­Yuganskneftegas: 2004 oil production (21 mt) – 4.7% of Russia’s total CEO – S.Bogdanchikov BoD Chairman – I.Sechin Proved oil reserves – 4.8% of Russia’s total With Yuganskneftegas: > 75% owned by the state Rosneftegas 2006 oil production (75 mt) – 15% of Russia’s total 9.44% ­ YUKOS >14% ­ sold during IPO Proved oil reserves – 20% of Russia’s total RoRosnesneftft’s’s Saga Saga 1985 1990 1992 1995 2000 2005 2015 KomiTEK Sibneft LUKOIL The next ONACO target ??? Surgut TNK Udmurtneft The USSR Slavneft Ministry of Rosneftegas the Oil Rosneft Rosneft Rosneft Rosneft Rosneft Industry 12 mt 240 mt 20 mt 460 mt 75 mt 595 mt VNK 135 mt Milestones: SIDANCO 1992 – start of privatization Severnaya Neft 1998 – appointment of S.Bogdanchikov
    [Show full text]
  • Sinopec Oilfield Service Corporation
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Sinopec Oilfield Service Corporation (a joint stock limited company established in the People’s Republic of China) (Stock code: 1033) Proposed Election of the Directors of the 10th Session of the Board and the Non-employee Representative Supervisors of the 10th Session of the Supervisory Committee The tenure of office of the ninth session of the board of directors and the supervisory committee of Sinopec Oilfield Service Corporation (the “Company”) will soon expire. The board of directors (the “Board”) of the Company announces that: 1. The following candidates are proposed to be elected as the directors (not include independent non-executive directors) of the 10th Session of the Board: Mr. Chen Xikun Mr. Yuan Jianqiang Mr. Lu Baoping Mr. Fan Zhonghai Mr. Wei Ran Mr. Zhou Meiyun 2. The following candidates are proposed to be elected as the independent non-executive directors of the 10th Session of the Board: Mr. Chen Weidong Mr. Dong Xiucheng Mr. Zheng Weijun 1 3. The following candidates are proposed to be elected as the non-employees representative supervisors of the 10th Session of the Supervisory Committee of the Company (the "Supervisory Committee"): Mr. Ma Xiang Mr. Du Jiangbo Ms. Zhang Qin Mr. Zhang Jianbo The information of each of the above proposed candidates for directors of the Company (the "Director") and the non-employee representative supervisors of the Company (the " Non-employee Representative Supervisor") is set out below: Information of the Proposed Directors (1) Mr.
    [Show full text]
  • Process Technologies and Projects for Biolpg
    energies Review Process Technologies and Projects for BioLPG Eric Johnson Atlantic Consulting, 8136 Gattikon, Switzerland; [email protected]; Tel.: +41-44-772-1079 Received: 8 December 2018; Accepted: 9 January 2019; Published: 15 January 2019 Abstract: Liquified petroleum gas (LPG)—currently consumed at some 300 million tonnes per year—consists of propane, butane, or a mixture of the two. Most of the world’s LPG is fossil, but recently, BioLPG has been commercialized as well. This paper reviews all possible synthesis routes to BioLPG: conventional chemical processes, biological processes, advanced chemical processes, and other. Processes are described, and projects are documented as of early 2018. The paper was compiled through an extensive literature review and a series of interviews with participants and stakeholders. Only one process is already commercial: hydrotreatment of bio-oils. Another, fermentation of sugars, has reached demonstration scale. The process with the largest potential for volume is gaseous conversion and synthesis of two feedstocks, cellulosics or organic wastes. In most cases, BioLPG is produced as a byproduct, i.e., a minor output of a multi-product process. BioLPG’s proportion of output varies according to detailed process design: for example, the advanced chemical processes can produce BioLPG at anywhere from 0–10% of output. All these processes and projects will be of interest to researchers, developers and LPG producers/marketers. Keywords: Liquified petroleum gas (LPG); BioLPG; biofuels; process technologies; alternative fuels 1. Introduction Liquified petroleum gas (LPG) is a major fuel for heating and transport, with a current global market of around 300 million tonnes per year.
    [Show full text]
  • Analiza Efikasnosti Naftnih Kompanija U Srbiji Efficency Analysis of Oil Companies in Serbia
    ________________________________________________________________________ 79 Analiza efikasnosti naftnih kompanija u Srbiji Efficency Analysis of Oil Companies in Serbia prof. dr. sc. Radojko Lukić Ekonomski fakultet u Beogradu [email protected] Ključne reči: ekspolatacija sirove nafte i gasa, Abstract tržišno učešće, efikasnost poslovanja, financijske Lately, significant attention has been paid to the performanse, održivo izveštavanje evolution of the performance of oil companies around Key words: exploration of crude oil and gas, market the world, by individual regions and countries. Bearing share, business efficiency, financial performance, susta- this in mind, relying on the existing theoretical and inable reporting methodological and empirical results, this paper analyzes the efficiency of operations, financial perfor- mance and sustainable reporting of oil companies in Sažetak Serbia, with special emphasis on the Petroleum Industry of Serbia (NIS). The results of the survey show signifi- U poslednje vreme značajna se pažnja poklanja cant role of mining, i.e. oil companies in creating addi- evoluaciji performansi naftnih kompanija u svetu, tional value of the entire economy of Serbia. Concer- po pojedinim regionima i zemljama. Imajući to u ning the Petroleum Industry of Serbia, it has a signi- vidu, oslanjajući se na postojeće teorijsko-metodo- ficant place in the production and trade of petroleum loške i empirijske rezultate, u ovom radu se analizi- products in Serbia. For these reasons, the efficiency of raju efikasnosti poslovanja, finansijske performanse operations, financial performance and maintenance of i održivo izveštavanje naftnih kompanija u Srbiji, s the Petroleum Industry of Serbia has been complexly posebnim osvrtom na Naftnu industriju Srbije (NIS). analyzed. In this respect, according to many indicators, Rezultati istraživanja pokazuju značajnu ulogu rudar- it is at a satisfactory level in relation to the average of the stva, odnosno naftnih kompanija u kreiranju dodatne world’s leading oil companies.
    [Show full text]
  • Expert Commentary GECF Member Countries Shifting Towards Less Carbon Intensity
    Expert Commentary GECF Member Countries shifting towards less carbon intensity Dr Hussein Moghaddam Senior Energy Forecast Analyst Energy Economics and Forecasting Department GECF Secretariat July 2021 GECF Member Countries shifting towards less carbon intensity Dr Hussein Moghaddam Senior Energy Forecast Analyst Energy Economics and Forecasting Department GECF Secretariat There is more than one way to achieve the Paris Agreement targets, and more than one way to achieve a low carbon future. Although it is projected that renewables and other unconventional sources of energy may gain a significant portion of the energy supply mix in the next 30 years, based on the GECF Global Gas Model’s (GGM) calculation, at the GECF we believe that some concerns may restrict the worldwide commitment to fully substituting fossil fuels, and in particular natural gas. The GGM shows that being committed to carbon- neutral targets does not sufficiently contribute to the greenhouse gas (GHG) emissions reduction, if not accompanied by feasible policies. Years ago, the need to discuss climate change would not be a given as it is today. Since global warming has become a major hazard for the future of the planet, energy transmission as a response to this concern is inevitable. To limit warming to 1.5°C by 2050-60, many countries agreed and pledged under the Paris Agreement to set up ambitious targets to reach net-zero emissions across their regions. According to Climate Action Tracker, 127 countries that produce around 63% of global emissions are now committing themselves to adopt net- zero targets [1]. Several explanations follow to elaborate on this point: First, the global energy demand may outweigh the energy supply from unconventional sources due to increasing consumption in energy-intensive sectors, such as power, transportation, and industry.
    [Show full text]
  • The Annual World Petroleum & Petrochemical Event
    The Annual World Petroleum & Petrochemical Event The largest private exhibition company in China Top 10 Exhibition Companies in China Top 10 Influential Companies in China Exhibition Industry Vice-president Unit of China Convention and Exhibition Society Vice-chairman Unit of Exhibition Committee of China Chamber of International Commerce Zhenwei Exhibition, founded in 2000 and listed on New Three Board market on November 24, 2015 (innovation-layer enterprise, The significantly influential exhibitions held by Zhenwei Exhibition stock code: 834316), is the largest private exhibition company in China, one of the earliest Chinese members of UFI (Union of China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe) International Fairs), and vice-president unit of China Convention and Exhibition Society. Zhenwei Exhibition has developed into China (Tianjin) International Industrial Expo (CIEX) the industry-leading comprehensive service provider of global exhibition focusing on convention and exhibition and integrating exhibition & convention, digital information and e-commerce. Tianjin International Robot Exhibition (CIRE) Shanghai International New Energy Vehicle Industry Expo (NEVE) Headquartered in Binhai New Area, Tianjin and owns Tianjin Zhenwei, Beijing Zhenwei, Guangzhou Zhenwei, Xinjiang Zhenwei, Xi'an Zhenwei, Chengdu Zhenwei and Beijing Zhongzhuang Runda Exhibition. In 2015, Zhenwei Exihibition and Xinjiang China International Electric Vehicle Supply Equipments Fair (EVSE) International Expo Administration
    [Show full text]
  • Foreign Investment in the Oil Sands and British Columbia Shale Gas
    Canadian Energy Research Institute Foreign Investment in the Oil Sands and British Columbia Shale Gas Jon Rozhon March 2012 Relevant • Independent • Objective Foreign Investment in the Oil Sands and British Columbia Shale Gas 1 Foreign Investment in the Oil Sands There has been a steady flow of foreign investment into the oil sands industry over the past decade in terms of merger and acquisition (M&A) activity. Out of a total CDN$61.5 billion in M&A’s, approximately half – or CDN$30.3 billion – involved foreign companies taking an ownership stake. These funds were invested in in situ projects, integrated projects, and land leases. As indicated in Figure 1, US and Chinese companies made the most concerted efforts to increase their profile in the oil sands, investing 2/3 of all foreign capital. The US and China both invested in a total of seven different projects. The French company, Total SA, has also spread its capital around several projects (four in total) while Royal Dutch Shell (UK), Statoil (Norway), and PTT (Thailand) each opted to take large positions in one project each. Table 1 provides a list of all foreign investments in the oil sands since 2004. Figure 1: Total Oil Sands Foreign Investment since 2003, Country of Origin Korea 1% Thailand Norway 6% UK 7% 2% US France 33% 18% China 33% Source: Canoils. Foreign Investment in the Oil Sands and British Columbia Shale Gas 2 Table 1: Oil Sands Foreign Investment Deals Year Country Acquirer Brief Description Total Acquisition Cost (000) 2012 China PetroChina 40% interest in MacKay River 680,000 project from AOSC 2011 China China National Offshore Acquisition of OPTI Canada 1,906,461 Oil Corporation 2010 France Total SA Alliance with Suncor.
    [Show full text]
  • Media Release Chevron Lummus Global LLC Sinopec Selects UFR
    Media Release Sinopec selects UFR technology from Chevron Lummus Global for its Qingdao Refinery Richmond, CA, March, 2005 – Sinopec Qingdao Refining & Chemical Co., Ltd. signed a license agreement with Chevron Lummus Global LLC (CLG) for applying UpFlow Reactor (UFR) technology to the new resid hydrotreating plant. The 2.6 million ton per year (TPA) resid hydrotreating plant is part of a 10 million TPA grassroots refinery to be located in Qingdao, China. Sinopec plans to start the unit up by the second quarter of 2008. Sinopec’s Senior Vice President, Mr. Cao Xianghong, commented at the signing ceremony in Beijing that “The signing for introducing UFR technology shows both parties have gone ahead another step for the existing good relationship between Sinopec and CLG.” CLG’s Joint Managing Director, Dr. Mal Maddock, stated that “In resid hydroprocessing, this is the second unit adopting CLG’s UFR technology by Sinopec, after the successful application of CLG’s VRDS and UFR technologies in Sinopec Qilu. We view this as a very strategic award and hope to use it as a springboard for future broader cooperation with Sinopec on resid hydroprocessing and other technology areas, such as lube hydroprocessing and hydrocracking.” Chevron Lummus Global LLC M. B. Principe Postal Address: Telephone: Telefax: 1515 Broad Street 973-893-2953 973-893-2412 Bloomfield, NJ 07003 Page 2 CLG will provide a reactor design package, follow-up technical support during the detailed engineering design, training prior to start-up, and start-up support during the commissioning of UFR and the guarantee test run. CLG's state-of-the-art UFR technology has a lower initial pressure drop than a typical downflow guard reactor.
    [Show full text]
  • Big Oil's Oily Grasp
    Big Oil’s Oily Grasp The making of Canada as a Petro-State and how oil money is corrupting Canadian politics Daniel Cayley-Daoust and Richard Girard Polaris Institute December 2012 The Polaris Institute is a public interest research organization based in Canada. Since 1997 Polaris has been dedicated to developing tools and strategies to take action on major public policy issues, including the corporate power that lies behind public policy making, on issues of energy security, water rights, climate change, green economy and global trade. Polaris Institute 180 Metcalfe Street, Suite 500 Ottawa, ON K2P 1P5 Phone: 613-237-1717 Fax: 613-237-3359 Email: [email protected] www.polarisinstitute.org Cover image by Malkolm Boothroyd Table of Contents Introduction 1 1. Corporations and Industry Associations 3 2. Lobby Firms and Consultant Lobbyists 7 3. Transparency 9 4. Conclusion 11 Appendices Appendix A, Companies ranked by Revenue 13 Appendix B, Companies ranked by # of Communications 15 Appendix C, Industry Associations ranked by # of Communications 16 Appendix D, Consultant lobby firms and companies represented 17 Appendix E, List of individual petroleum industry consultant Lobbyists 18 Appendix F, Recurring topics from communications reports 21 References 22 ii Glossary of Acronyms AANDC Aboriginal Affairs and Northern Development Canada CAN Climate Action Network CAPP Canadian Association of Petroleum Producers CEAA Canadian Environmental Assessment Act CEPA Canadian Energy Pipelines Association CGA Canadian Gas Association DPOH
    [Show full text]
  • THE ROLE of CHINA in BRAZILIAN OIL and GAS INDUSTRY Prof
    THE ROLE OF CHINA IN BRAZILIAN OIL AND GAS INDUSTRY Prof. Edmar de Almeida Energy Economics Group Institute of Economics Federal University of Rio de Janeiro FIESP–LETS, São Paulo, 20 May 2014 PLAN OF THE PRESENTATION ►Introduction ►Chinese participation in Brazilian oil and gas industry ►Chinese direct investment in Brazilian oil and gas ►Chinese oil-for-loan in Brazil ►Bilateral cooperation for trade and investment ►Conclusion: future role of China in Brazil oil and gas 2 INTRODUCTION ► Brazil is a latecomer for Chinese trade and investment: the country was not an important target for Chinese oil companies internationalization until recently ► The Presalt discovery positioned Brazil as an important opportunity for Chinese internationalization ► As Chinese companies familiarize with Brazil, they tend to identify new business opportunities ► Brazil’s dependence on Chinese investment and trade tends to increase 3 Chinese Participation in Brazilian Oil and Gas Industry 4 CHINESE PARTICIPATION IN BRAZILIAN OIL AND GAS INDUSTRY ► Until 2005, Chinese presence in Brazilian oil and gas was very timid ► 2005: Sinopec enters the Brazilian market offering engineering and EPC services, participating in the GASENE Project ► 2009: Petrobras borrows 10 billion dollars from Chinese Development Bank to be repaid with oil exports ► 2010: − Presal Discovery drives Sinopec to acquire stakes in Galp and Repsol − Sinochem start to explore in Brazil ► 2013: China National Petroleum Corporation (CNPC) e China National Offshore Oil Corporation (CNOOC) win 10%
    [Show full text]
  • FINAL DIVESTMENT LIST—SUDAN Compiled As of August 30, 2020
    FINAL DIVESTMENT LIST—SUDAN Compiled as of August 30, 2020 Pursuant to N.C. Gen. Stat. § 147-86.43, the State Treasurer has determined that the companies listed below appear to be engaged in “restricted business operations,” as that term is defined in the amended Sudan (Darfur) Divestment Act of 2007 (the “Act”), based on federal sanctions lists and other publicly available, credible information. This updated List may be found at the State Treasurer’s website: https://www.nctreasurer.com. The State Treasurer and North Carolina Retirement Systems may not invest funds, and must divest any existing investment, with the restricted companies listed below. N.C. Gen. Stat. § 147-86.44. “Company” is defined by the Act to include not only restricted companies listed as a result of their own apparent restricted business operations in Sudan but also any “wholly-owned subsidiaries, majority-owned subsidiaries, parent companies, or affiliates of such entities.” N.C. Gen. Stat. § 147-86.42(3). The Department of State Treasurer is not responsible for compliance with the Act by other agencies or State political subdivisions. The Department’s responsibilities are solely focused on implementing N.C. Gen. Stat. § 147-86.44, which relates to the Department’s investments, and implementing the Act as it relates to the identification of companies that appear to be engaged in restricted business operations in Sudan (and their affiliates). Restricted Company Restricted Company ASEC Company for Mining ASCOM, S.A.E Oil India Ltd. AviChina Industry & Technology Company Limited Orca Gold Inc. Bharat Heavy Electricals Ltd. PetroChina Co., Ltd. China Petroleum & Chemical Corp.
    [Show full text]