DIRS.INFO The most relevant business & tech news

SINGAPORE, Oct 31 (Reuters) - At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter. CNOOC, the parent of offshore oil and gas major CNOOC Ltd , operates a joint refining-petrochemical complex with Shell in southern China. However, Sinopec Corp's president said in late August it was not interested in the Shell assets. Two of the sources said Shell had set a preliminary Nov. 5 deadline for proposals, although that could be extended. A Wanhua spokesperson said he was not aware of the company's potential interest in the Shell assets.

Persons: Shell, Goldman Sachs, CNOOC, Sinopec, Rongsheng, Eversun, Salmon Lee, Chen Aizhu, Trixie Yap, Tony Munroe, Florence Tan, Kim Coghill Organizations: Offshore Oil Company, Singapore, Reuters, Eversun Holdings, Wanhua, Shell, Hengli Petrochemical, China National Petroleum Corp, Privately, Thomson Locations: SINGAPORE, China, state's, Singapore, Bukom, Jurong, PetroChina, Huizhou, Guangdong, Fujian province, Putian, Shandong province, Asia, Southeast Asia

☆ PetroChina buys EV charging firm Potevio New Energy
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

Model of petrol pump is seen in front of PetroChina logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 8 (Reuters) - PetroChina has acquired 100% of electric vehicle (EV) charging firm Potevio New Energy Co Ltd in the latest lower-carbon investment by China's top oil and gas company, parent CNPC said on Friday. Set up in 2010, Potevio New Energy was among China's first state-owned companies engaged in EV charging network building and operations. It ran 50,000 charging points in more than 50 Chinese cities as of end-2021, according to its official WeChat account. PetroChina last month set up a new entity based in the southeastern city of Putian in Fujian province to focus on investing and operating EV charging facilities.

Persons: Dado Ruvic, CNPC, PetroChina, Jason Neely Organizations: REUTERS, PetroChina, New Energy Co Ltd, Potevio, Energy, EV, SAIC Motor Corp, Beijing, Thomson Locations: Putian, Fujian

☆ Remnants of Typhoon Haikui cause floods in southeastern China
▼ + stars: | 2023-09-06 | by ( Liz Lee | ) www.reuters.com time to read: +1 min

[1/3] An aerial view shows flooded streets on the outskirts of Fuzhou, after heavy rains brought by typhoon Haikui in Fujian province, China September 5, 2023. cnsphoto via REUTERS Acquire Licensing RightsBEIJING, Sept 6 (Reuters) - Intense rain from the remnants of Typhoon Haikui lashed southeastern China early on Wednesday, causing flooding and forcing cities in Fujian province to halt subways, shut schools and evacuate residents. The precipitation was heavier than the impact of Typhoon Doksuri, which ripped through Fujian in late July causing floods and $2 billion in direct economic losses, state media reported. Fuzhou closed subway lines and suspended trains while schools were shut for a second day. Elsewhere in Fujian, six other cities including Putian and Quanzhou were flagged at risk of flash floods and landslides. Typhoon Haikui lost strength after making landfall in Fujian early on Tuesday and was downgraded to a tropical storm.

Persons: Haikui, Doksuri, Typhoon Haikui, Liz Lee, Stephen Coates Organizations: cnsphoto, REUTERS Acquire, Rights, Thomson Locations: Fuzhou, Fujian province, China, Rights BEIJING, Fujian, Putian, Quanzhou, Shanghai

BEIJING, July 29 (Reuters) - Rain began to soak northern China on Saturday as Doksuri, one of the strongest storms to hit the country in years, rolled toward Beijing after pummelling the Philippines and Taiwan, and lashing China's coast. A broad area encompassing the capital faces medium to high risk of rainstorm disasters over the coming three days, China's national forecaster said. Cumulative rainfall of 100mm (4 inches) or more is forecast over 220,000 square km (85,000 square miles), potentially affecting 130 million people. Doksuri was the most powerful typhoon to hit China this year and the second-strongest to hit the southeastern province of Fujian since Typhoon Meranti in 2016. Before hitting China, Doksuri roared through Taiwan and the northern Philippines, where rain and strong winds that led to the capsize of a ferry in which at least 25 people died.

Persons: Doksuri, Meranti, Liz Lee, Jenny Wang, William Mallard Organizations: China Meteorological Administration, Firefighters, cnsphoto, Thomson Locations: BEIJING, China, Beijing, Philippines, Taiwan, Tianjin, Hebei, Shanxi, Henan, Fujian, Quanzhou, Fujian province, Anhui, Shandong, Putian city, Fuzhou, Putian

BEIJING, July 29 (Reuters) - Rain soaked northern China on Saturday as Doksuri, one of the strongest storms to hit the country in years, prompted thousands to evacuate in Beijing after pummelling the Philippines and Taiwan, and lashing China's coast. The city's flood control department said it has mobilised 203,230 rescue personnel and 3,031 people had been evacuated, local media reported. Doksuri is the most powerful typhoon to hit China this year and the second-strongest to hit the southeastern province of Fujian since Typhoon Meranti in 2016. Provincial media reported rescue efforts in the storm's aftermath, of elderly trapped at home and a heavily pregnant woman, who was transferred to hospital on a stretcher in knee-deep waters. ($1 = 7.1488 Chinese yuan renminbi)Reporting by Liz Lee, Jenny Wang and Ryan Woo; Editing by William Mallard and Lincoln Feast.

Persons: Doksuri, Meranti, Liz Lee, Jenny Wang, Ryan Woo, William Mallard Organizations: China Meteorological Administration, Firefighters, cnsphoto, Provincial, Thomson Locations: BEIJING, China, Beijing, Philippines, Taiwan, Tianjin, Hebei, Shanxi, Henan, Fujian, Anhui, Quanzhou, Fujian province, Shandong, Putian city, Fuzhou, Putian

☆ Chinese officials step up foreign travel in race to find investors
▼ + stars: | 2023-04-06 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

Their urgency highlights the pressure local governments face in boosting growth while burdened with cumulative debt of $9 trillion, said the sources who met Chinese officials in Hong Kong. The other executive and Yim said they had often attended as many as eight to 10 events a day with Chinese officials. Fengze, a district in the nearby city of Quanzhou, signed up procurement deals of up to 30 billion yuan from Hong Kong, the city's social media accounts showed. Shenzhen’s Boao district alone aims to attract 100 billion yuan in foreign investment this year, with 26 business managers and 10 officials responsible for key streets committing themselves to the task in a letter, Chinese media said. ($1=6.8810 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Marius Zaharia and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Britain's BrewDog aims to put Punk IPA on the map in China
▼ + stars: | 2023-02-20 | by ( Sarah Young | ) www.reuters.com time to read: +2 min

Punk IPA, Lost Lager, Elvis Juice and Hazy Jane have helped turn BrewDog into a household name in Britain. "I think the internationalisation of our business is kind of very key to our IPO plans," BrewDog founder and chief executive James Watt told Reuters. While BrewDog has had a presence in China since 2015, Watt said it had been hard to scale up without a local partner. It's a similar model to a partnership deal BrewDog signed with Asahi in Japan, which saw sales there double in its first year. In 2021, the last year for which results are available, it made an operating loss of 5.5 million pounds ($6.6 million) on revenues of 286 million pounds.

Search resuls for: "Putian"

7 mentions found