HONG KONG, Sept. 19, 2024 /PRNewswire/ — CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Liuhua 11-1/4-1 Oilfield Secondary Development Project has commenced production.

The project is located in eastern South China Sea and consists of 2 oilfields, Liuhua 11-1 and Liuhua 4-1, with an average water depth of approximately 305 meters. The main production facilities include a new deepwater jacket platform "Haiji-2" and a cylindrical FPSO "Haikui-1". A total of 32 development wells are to be commissioned. The project is expected to achieve a peak production of approximately 17,900 barrels of oil equivalent per day in 2026. The oil property is heavy crude.

Asia’s first cylindrical FPSO "Haikui-1"

Asia’s first deepwater jacket platform "Haiji-2"

Mr. Zhou Xinhuai, CEO and President of the Company, said, "It is the first oilfield in Asia to be developed with the ‘Deepwater Jacket Platform + Cylindrical FPSO’ mode. The Company has overcome various technological challenges to complete the project. While revitalizing the deepwater oilfields with original oil in place over 100 million tons, the new mode has substantially reduced the construction and production costs. It provides a Chinese solution for the efficient development of similar deepwater oil and gas fields."

CNOOC Limited holds 100% interest in this project and is the operator.

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Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

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This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company’s price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: [email protected] 

Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: [email protected]

Source : CNOOC Limited Kicks Off Production at Liuhua 11-1/4-1 Oilfield Secondary Development Project

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HONG KONG, Sept. 19, 2024 /PRNewswire/ — J&T Global Express Limited ("J&T Express" or "J&T" or "the Company", stock code: 01519.HK), a global logistics service provider, announced a substantial increase in parcel volume during Southeast Asia’s 9.9 Mega Sales, one of the region’s largest annual e-commerce shopping festivals. Held from 9 to 11 September, major e-commerce platforms offer consumers a range of promotional deals during this peak shopping period.

Thanks to strengthened partnerships with key e-commerce platforms and a focused expansion into non-e-commerce sectors, J&T Express experienced strong parcel growth during the 9.9 sale. Compared to August 2024, parcel volumes across multiple Southeast Asian markets surged by over 20%. Year-on-year, several countries saw their business volumes double compared to the same promotional period in 2023.

Hou Junyi, Vice President of J&T Express, commented, "Our robust performance during the 9.9 mega sale reflects the enormous growth potential of Southeast Asia’s e-commerce market and demonstrates J&T’s continued service enhancements in the region. Beyond e-commerce, we’re also expanding into new sectors, offering reliable, efficient logistics solutions to more clients. We’ll continue strengthening our network and investing in operational resources to deliver exceptional service as always."

J&T Express is expanding its partnerships with a more diverse client base across Southeast Asia. In Thailand, the Company has become the logistics partner for leading consumer finance brand KTC, Business for Healthy Brand Legacy Corp, Watsons, and Apple-authorized reseller SPVI, managing their online and offline orders. In the Philippines, J&T partnered with Dito, one of the country’s top telecom operators, doubling its delivery volume during this year’s 9.9 mega sale.

To meet growing demand and peak season volumes, J&T Express has continued to ramp up its local investments and network enhancements across Southeast Asia. By the end of August, the Company upgraded 11 sorting centers and added 9 distribution hubs across the Philippines, boosting sorting capacity by 1.5x. It also secured 1.5x additional third-party transport resources to support the surge in sorting, deliveries, and customer service during the shopping festival.

In Vietnam, J&T introduced 400 additional line-haul vehicles, and the Company’s largest sorting center in Northern Vietnam is set to go live soon. Equipped with intelligent operational technology and advanced equipment, the center will automate every stage of the process, achieving a 99.99% accuracy rate in parcel handling and significantly enhancing operational efficiency.

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in China and Southeast Asia, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

Source : J&T Express Achieves Strong Growth in 9.9 Mega Sales Through Refined Operations

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

OAKLAND, Calif., Sept. 19, 2024 /PRNewswire/ — Ausom, a committed innovator of high-end off-road electric scooters, further expands its off-road e-scooter portfolio in the US market with three cutting-edge models – the Gallop SR1, Leopard DT1, and DT1 Pro, EU market for GX1.

Ausom escooter DT1, DT1 Pro, SR1,GX1

Ausom sets its new e-scooters apart from the competition with an innovative integrated security system that significantly improves user and scooter security. Riders can prevent unauthorized use of their scooters by tapping their phones or NFC cards to unlock them with the upgraded NFC locking feature. With a comprehensive lighting system that optimizes visibility and has joystick-controlled turn signals for safer and easier turning, riders can cruise more confidently. Built tough with forged aluminum alloy, these scooters are highly resistant to breakage and ready for heart-pounding adventures. On thrilling off-road excursions, the rider’s safety is further protected by dual disc brakes and E-ABS.

Leopard DT1, DT1 Pro

Enhanced scooter and user safety by NFC locks, all-round illumination, advanced E-ABS and dual disc brakes, and fracture-resistant forged aluminum construction Superior riding smoothness and comfort over all terrains with the rugged swingarm suspension and 10"x3" thickened, puncture-resistant tires The DT1 Pro’s 2000W motor power delivers a top speed of 41mph to maximize adventurous excitement. The 18.2Ah battery supports 47 miles for extended riding pleasure. Personalized metal plates bring the fun of customization and make your scooter the one and only. Added considerations include dual charging inputs for faster charging, USB-A and USB-C outputs for powering your devices, smart LCD control, AirTag mount support, etc.

Gallop SR1

An NFC lock, all-round lighting, hydraulic disc brakes, E-ABS, and forged aluminum construction for safer riding Robust swingarms and 10"x3" all-terrain tires for smoothness and comfort The 2000W motor power achieves a maximum speed of 41mph, and the 20.8Ah battery supports 54 miles. Customizable metal plate User-friendly design, including two charging inputs, USB outputs, LCD control, AirTag mount support, etc.

All of Ausom e-scooters are certificated by RoHS, UL, and CE.

Pricing & Availability

From August 20th to August 30th, these new e-scooters are available with great discounts on Ausom’s official website and Geekbuying.com, with the DT1, DT1 Pro, and the SR1.

About Ausom

Ausom was founded by a group of adventurers and experts and driven by their passion for exploration, embodying the essence of creating nothing ordinary but awesome and igniting the spirit of adventure in everyone who experiences its off-road electric scooters.

https://ausomstore.com/

Source : Ausom Escooter Release New Off-Road Gallop SR1, Leopard DT1, DT1 Pro and GX1, Transforming Your Adventure Style

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ — Medit, a leading intraoral scanner manufacturer from South Korea, has made a significant contribution to dental education in Vietnam with its local partner Samsun Vina. Together, they donated sets of intraoral scanners to five medical universities: Hanoi Medical University, Hai Phong University of Medicine and Pharmacy, Thai Nguyen University of Medicine and Pharmacy, Hue University of Medicine and Pharmacy, and Can Tho University of Medicine and Pharmacy.

Medit Donates Intraoral Scanners to Five Leading Vietnamese Medical Universities

The introduction of Medit’s i-series intraoral scanners into the universities will greatly enhance student learning by providing access to cutting-edge technology. This integration will foster both practical skills and deeper theoretical understanding, ultimately raising the standard of dental education and better preparing future professionals.

Moreover, as digital dentistry continues to evolve rapidly in Southeast Asia, Vietnam is emerging as a key player in this transformation. In line with this, Medit has launched a Vietnamese version of its Medit Link software to better serve the local market, underscoring its commitment to supporting the region’s dental professionals.

"After receiving Medit intraoral scanners from Samsun Vina, our faculty organized workshops to train dental students and lecturers. They are very interested in and excited about learning to use this equipment. The Medit intraoral scanner has a light, sturdy scanning head and provides a comfortable experience for any patient. It is effective in orthodontics, implant treatment, and scientific research. We appreciate the support from Medit and Samsun Vina and look forward to further collaboration," a faculty at Can Tho University of Medicine and Pharmacy stated.

About Medit

Medit is a global leader in digital dentistry, specializing in the development of advanced 3D intraoral scanners and comprehensive dental solutions. Medit’s scanners have gained a competitive edge in the global market. They stand out for their ease of use, lightweight design, fast scanning speed, and high accuracy. These features make Medit i-series an ideal tool for both beginners and professionals in digital dentistry. Moreover, Medit’s technology has been acknowledged by more than 130,000 global Medit Link software users in 199 countries.

Source : Medit Donates Intraoral Scanners to Five Leading Vietnamese Medical Universities

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ — Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.

According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027. Along with the pace of digitization, the demand for real-time global payments is becoming increasingly urgent. However, unlike domestic transfers, international money transfers continue to be complex, time-consuming, and costly, even today.

In response to this reality, the new partnership between MSB and TerraPay aims to break down these barriers, enabling the use of financial services more quickly, conveniently, and reliably. According to the cooperation agreement, MSB and TerraPay will provide payment solutions, payment infrastructure, and other products and services to partners and (or) customers; simultaneously introducing each other’s products and services to the partner’s customers who have a need for them. Both companies will focus on supporting small and medium-sized enterprises (SMEs) with global money transfer needs. Through this partnership, SMEs will benefit from quick, convenient, and cost-effective global payout solutions.

Mr. Nguyễn Thế Minh, Deputy General Director of MSB, believes that, "The cooperation between the two parties will bring numerous benefits and economic efficiencies for Vietnamese businesses in both domestic and international payments."

Sudhesh Giriyan, President – Cross border payments at TerraPay said, "Our partnership with MSB is a big step towards enhancing global payments for businesses across Vietnam. We are excited to work together, combining our strengths and expertise, to transform the broader landscape while furthering our mission of simplifying global money movement."

Along with efforts in digital transformation, MSB continues to build and seek appropriate financial solutions through reputable partners to bring superior value and experience to customers.

For more information on solutions for corporate customers, please click msb.com or contact the hotline: 18006260.

About MSB

Established in 1991, MSB has continually grown, achieving many important milestones in the financial banking industry over nearly 33 years. MSB currently has over 260 branches and transaction offices nationwide, and it transacts with over 500 correspondent banks in more than 60 countries and territories. MSB has over 6,000 staff, serving more than 5.4 million individual customers and nearly 100,000 corporate customers.

About TerraPay

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.4Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay has built the global digital wallet interoperable network and pushes the boundaries for global businesses – ranging from digital wallets, banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is a global company headquartered in London and comprising 42 nationalities. It has global offices in Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, The Hague, Johannesburg, Nairobi, Milan, and Singapore, and is expanding rapidly. We have received funding from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa.

Contact:
Juveria Samrin,
[email protected] 

Source : MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL

SINGAPORE, Sept. 19, 2024 /PRNewswire/ — Brilliance Capital Pte. Ltd. is excited to offer a unique investment opportunity: a freehold two-storey shophouse located at 221 Rangoon Road, for sale via an Expression of Interest (EOI). This well-positioned property features an F&B-approved ground floor currently tenanted to an established restaurant, and well tenanted for residential use on the 2nd floor, providing investors with an immediate rental income stream. The first storey is primed for food and beverage use, offering premium rental rates due to its prime location.  The property promises a unique blend of historical charm and modern investment appeal in one of Singapore’s most vibrant districts.

FOR SALE BY EXPRESSION OF INTEREST 221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL

The 221 Rangoon Road property, positioned in the heart of a bustling neighborhood, is surrounded by rich heritage and an eclectic mix of retail, dining, and cultural landmarks. The locale offers seamless connectivity, being just minutes away from Farrer Park MRT Station, and its’ proximity to Mustafa Centre and City Square Mall enhances its appeal, attracting a steady flow of visitors and customers to the area. Additionally, the nearby Connexion enhances the area’s footfall with its healthcare and hospitality services, further increasing the property’s business potential. The surrounding district, rich in cultural landmarks and culinary offerings, offers the perfect backdrop for businesses looking to benefit from the energetic environment.

The property sits on a freehold tenure, making it a highly coveted asset with long-term value in Singapore’s competitive real estate market. The land area is approximately 2,145 sq ft with a total built-up area of approximately 3,347 sq ft. Zoned "Residential" with a gross plot ratio of 3.0 under the 2019 Master Plan, it also presents redevelopment potential, offering investors and owner-occupiers the opportunity to significantly enhance its value, and enjoy the upside for future growth and value maximization.

The shophouse stands at the gateway to the Historic District of Little India, an area undergoing a significant rejuvenation and transformation. With new urban development projects set to modernize the district while preserving its cultural legacy, this location is poised to become an even more vibrant commercial and residential hub. The property’s connection to this rapidly transforming district adds to its’ long-term investment appeal, offering substantial growth potential as the area evolves. In addition, the development potential makes it suitable for a variety of uses, including F&B, retail, or residential redevelopment.

Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital Pte Ltd, said: "Based on the guide price of S$8.88 million, this offering is not only palatable but presents a tremendous value proposition for a diverse range of buyers. We anticipate strong interest from co-living operators, boutique developers, and family offices looking to diversify and enhance their portfolio with a rare freehold asset. Freehold properties remain highly coveted for their enduring value, long-term capital appreciation potential, and investment security.

In particular, the property’s freehold tenure makes it an ideal land banking opportunity, providing buyers with the chance to hold a prime asset in Singapore’s highly competitive real estate market while waiting for the right time to unlock its full redevelopment potential.

Furthermore, with its strategic location and vibrant surroundings, 221 Rangoon Road offers investors an exceptional opportunity to capitalize on the growing demand for properties in the heart of Singapore’s bustling Central Region. The unique mix of heritage charm and redevelopment potential makes this asset an attractive option for forward-thinking investors, allowing them to tap into future growth and enjoy immediate rental income."

Brilliance Capital is the sole marketing agent for this Expression of Interest.

The Expression of Interest closes on 23 October 2024, Wednesday at 3.00 p.m.

END

Note to editors:

A high-resolution photograph of 221 Rangoon Road is enclosed.

About Brilliance Capital Pte. Ltd.

Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally.

Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care.

Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes.

Source : FOR SALE BY EXPRESSION OF INTEREST

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network