Chinese firms dis­play equip­ment

China Daily (Canada) - - BUSINESS -

Chinese com­pa­nies par­tic­i­pated in the 48th Off­shore Tech­nol­ogy Con­fer­ence, which kicked off onMon­day in­Hous­ton. Lead­ing Chinese com­pa­nies such as China Na­tional Off­shore Oil Corp, China Na­tional Pe­tro­leum Corp and China Pe­tro­leum Chem­i­cal Corp at­tended the event, and the dif­fer­ent models of drilling equip­ment from some Chinese com­pa­nies are eye-catch­ing. Jin Xiao­jian, pres­i­dent of China Off­shore Oil Engi­neer­ing Co, said that the world off­shore oil ex­ploita­tion is ac­tu­ally a boom­ing in­dus­try. Many ex­perts also said that the oil and gas in­dus­try is still a sun­rise one be­cause oil and gas re­mains to be the ef­fi­cient and green en­ergy. “As an off­shore oil and gas ex­plorer, CNOOC is mak­ing great ef­forts to be a world-class en­ter­prise. We can say that af­ter the devel­op­ment over the past three decades, CNOOC is now ac­tu­ally an international level en­ergy com­pany,” he said. with the mat­ter said. JD is in early-stage ne­go­ti­a­tions to in­vest hun­dreds of mil­lions of dol­lars in one of In­done­sia’s largest on­line mar­ket­places, one of the peo­ple said, ask­ing not to be iden­ti­fied be­cause the deal is pri­vate. JD’s po­ten­tial in­vest­ment may pro­pel Jakarta-based Toko­pe­dia past $1 bil­lion in val­u­a­tion, an­other per­son fa­mil­iar with the deal said. Ve­o­lia said a con­tract for steam pro­duc­tion at the site of Hongda Chem­i­cal, a sub­sidiary of one of China’s lead­ing chem­i­cals in­dus­try groups, is worth 335 mil­lion euros over 10 years. A 20-year con­tract for the con­struc­tion and op­er­a­tion of a chilled wa­ter plant to cool a Bei­jing data cen­ter is worth a cu­mu­la­tive 188 mil­lion euros, and a 25-year con­tract for the pro­duc­tion of elec­tric­ity and steam from biomass in­He­bei prov­ince is worth 341 mil­lion euros over the du­ra­tion of the con­tract. 1,900 jobs be­tween 2016 and 2019 as part of the com­pany’s scheme to move its ser­vices off­shore to low-cost coun­tries, the CGT trade union said. “In or­der to im­prove its mar­gin at the cost of so­cial guar­an­tees,” Engie plans to re­lo­cate part of its cus­tomer business, in­clud­ing call cen­ters to coun­tries with low la­bor costs, no­tably in­Morocco, Mau­ri­tius and Por­tu­gal, ac­cord­ing to a state­ment from the CGT. The coun­try’s main union added that the jobs cut in­volved the com­pany’s en­ergy business which em­ploys 25,000 peo­ple. a re­sult of Ram pickup sales jump­ing 7.6 per­cent to 43,321 ve­hi­cles; and Alfa Romeo and Maserati in­creased 1,047 per­cent and 18.7 per­cent, re­spec­tively year-on-year. GM’s Buick sales soared 17 per­cent yearon-year; Cadil­lac rose 9.5 per­cent; Chevro­let fell 10.4 per­cent; GMC slipped 0.3 per­cent.

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