PetroChina and Royal Dutch Shell will buy Australian coal-seam gas producer Arrow Energy after raising their offer to $3.2 billion.
The two firms will pay A$4.70 ($0.69) a share for Arrow’s Australian business, a 5.6% hike on the A$4.45 offer made March 8, although some analysts were disappointed the price was not higher.
Arrow investors will also [...]
Nanjing-based solar cell manufacturer China Sunergy said it plans to buy two Chinese solar module manufacturers for a combined price of $47 million.
The company plans to acquire Shanghai-based CEEG Solar Science and Technology and Nanjing-based CEEG New Energy to bring polycrystalline manufacturing in-house. CEEG Solar Science and Technology has an annual [...]
China’s largest offshore oil producer China National Offshore Oil Corp (CNOOC) announced Sunday it will pay $3.1 billion to create a joint venture with Bridas Energy, a major Argentine energy produced.
According to a statement by CNOOC, the investment would give CNOOC a 50% share of Bridas Corp, currently controlled by Bridas Energy [...]
Zhang Lijun, China’s vice minister of environmental protection, said Wednesday that overall the country’s environment is still deteriorating, with improvements only seen in certain areas.
Although China is fulfilling its 2006-2010 goals of cutting sulfur dioxide and chemical oxygen demand – the major causes of air and water pollution, respectively – other emissions are rising, Zhang [...]
China has finally added its name to the Copenhagen agreement on voluntary limits on greenhouse gas emissions.
Su Wei, China’s top climate change negotiator, gave permission to add China to the list of countries that support US President Barack Obama’s non-binding accord, which was brokered by the US president in the final hours of December’s summit [...]
The chief executive of Kuwait Petroleum Corp (KPC) said that the company expected approval for a $9 billion refinery project in China by the end of the year.
Saad Al-Shuwaib made the comments to Kuwait state news agency KUNA.
Following final approval – the project was initially approved in 2006, but has been [...]
China Petroleum and Chemical Corp, or Sinopec, and Cnooc are considering a $3 billion bid for Devon Energy’s 5.6% stake in an Azerbaijan oil field.
Devon, America’s biggest independent oil and natural gas producer, said in November that it would shed up to $7.5 billion worth of overseas assets in to service [...]
Premier Wen Jiabao will head a newly established “super ministry,” the National Energy Commission (NEC), with vice-Premier Li Keqiang as deputy.
The new government agency has been set up to “take charge of the country’s energy policy for better coordination in formulating strategy and planning development” and will include members representing [...]
Beijing’s city planners have embraced the bicycle as a potential solution to the city’s traffic congestion problems.
As part of the plan, the Beijing government will improve bicycle lanes and institute rental programs to provide 50,000 bikes by 2015. The addition of bike parks near public transportation hubs like bus and subway [...]
China Hydroelectric priced its Monday IPO of 6 million units at US$16 per unit, representing a 2.9 million increase over its original offering size but a price within the expected pricing range of $15-17 per share.
The company, which operates and develops hydropower plants in China, began trading on the New York [...]
