Steady Development with Solid Performance in 1H 2014

HONG KONG, Aug. 28, 2014 /PRNewswire/ — CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its interim results for the six months ended June 30, 2014.

For the first half of the year, the Company’s total net oil and gas production reached 211.6 million barrels of oil equivalent (BOE), up 6.8% year-on-year (yoy), with 36.3 million BOE contributed by Nexen.

The Company’s average realized oil price was US$106.30 per barrel in the first half of 2014, representing an increase of 2.0% yoy, while average realized gas price rose 13.5% yoy to US$6.44 per thousand cubic feet.

Benefited from the growth of net oil and gas production and increase in realized oil and gas prices, the Company recorded RMB117.1 billion in oil and gas sales revenue, a yoy increase of 5.7%; meanwhile, net profit fell 2.3% yoy to RMB33.59 billion.

In the first half of 2014, the Company’s all-in cost was US$43.20 per BOE, up slightly by 2.0 % yoy, while operating cost was US$11.78 per BOE, up 7.0 % yoy, mainly attributable to the consolidation of two more months of Nexen’s performance.

In the area of exploration, the Company made 9 new discoveries and 23 successful appraisal wells. Among them, Lingshui 17-2, discovered by “Haiyangshiyou 981”, was successfully tested and is expected to become the first large-sized deepwater gas field made by our independent exploration activities. While Luda 16-3 South structure is expected to become a mid-sized discovery after appraisal, Kenli 16-1 structure uncovers the good exploration potential of southern slope of Laizhou Bay Sag in Bohai. Kenli 3-2 oilfields, Panyu10-2/5/8 project and Wenchang 13-6 oilfield have commenced production within the year as scheduled while other projects are progressing accordingly.

During the period, the Company continued to advance the integration of Nexen, especially in the areas of management, resources development and corporate culture. Nexen’s safety and environmental protection achieved best performance in its history in the first half of 2014. Production efficiency of Buzzard oilfield in the UK North Sea was further enhanced, while production and operation of Long Lake oil sands project achieved significant improvement. The progress of integration reached the Company’s expectation.

Mr. Wang Yilin, Chairman of the Company, said, “In the first half of 2014, the Company has executed its ‘New Leap Forward’ strategy in a solid way and achieved satisfactory results. We will endeavor to strengthen our management, enhance the growth quality and efficiency of the Company to create greater value for our shareholders.”

Mr. Li Fanrong, CEO of the Company commented, “During the first half of 2014, we have actively pushed ahead different areas of our business. Good progress was made in the production and operation and a healthy financial position was maintained. In the second half of the year, we will continue to work diligently to ensure that we meet our annual production and business targets.”

In the first half of the year, the Company’s basic earnings per share reached RMB0.75. The Board has declared an interim dividend of HK$0.25 per share (tax inclusive).

Notes to Editors:

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

This press release includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus 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 in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company’s expectations, including those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule pursuant to its terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People’s Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the 2013 Annual Report on Form 20-F filed on 17 April 2014.

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. Michelle Zhang
Deputy Manager, Media / Public Relations
CNOOC Limited
Tel: +86-10-8452-6642
Fax: +86-10-8452-1441
E-mail: MR@cnooc.com.cn

Ms. Cathy Zhang
Hill+Knowlton Strategies Asia
Tel: +852-2894-6211
Fax: +852-2576-1990
E-mail: cathy.zhang@hkstrategies.com

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Frost & Sullivan’s inaugural New Zealand Excellence Awards 2014 recognises 18 companies for best practices

AUCKLAND, New Zealand, Aug. 28, 2014 /PRNewswire/ — Frost & Sullivan held its inaugural New Zealand Excellence Awards on 28 August 2014 at Villa Maria, presenting a total of 18 awards to companies across the industries of Food, Energy and Power, Healthcare and Information Communication Technologies.

Recipients of the 2014 Frost & Sullivan New Zealand Excellence Awards

Recipients of the 2014 Frost & Sullivan New Zealand Excellence Awards

The New Zealand Excellence Awards will be an annual event to honour companies that have demonstrated outstanding achievement and superior performance in their respective market segments.

“We are very proud to host the annual awards in New Zealand to celebrate the achievements of New Zealand companies. Frost & Sullivan’s awards play an important role recognising those who are driving innovation and achieving best practices across various industries in the New Zealand market. This is our first year of awards in New Zealand, and we are pleased to be able to recognise exceptional accomplishments and exemplary achievements in several of the markets we operate in,” said Andre Clarke, Country Manager, Frost & Sullivan New Zealand.

He added, “The awards reflect a lot of hard work by the recipients, and Frost & Sullivan is pleased to confer these awards in acknowledgment of this. We hope these awards encourage market players to continue to strive for greater success across industries.  As we continue to identify companies deserving distinction, I am confident that this awards banquet will continue to grow and be the most anticipated event of the year by the local business community.”

Award recipients for the 2014 New Zealand Excellence Awards were identified based on extensive secondary research conducted by Frost & Sullivan’s analysts, in-depth interviews and analysis. In order to identify best practices, companies are typically studied on their revenues, market share, capabilities, product or service innovation and overall contribution to the industry.

Frost & Sullivan congratulates all the recipients of the 2014 New Zealand Excellence Awards.

2014 Frost & Sullivan New Zealand Excellence Awards Recipients

Category

Award Recipient

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Energy & Environment

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2014 Asia Pacific Customer Value

Enhancement Award in DC Power

Systems

Enatel Ltd

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2014 New Zealand Energy Management

Services Company of the Year

ABB Limited

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2014 New Zealand Electric Vehicle

Charging Company of the Year   

Juicepoint

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2014 New Zealand Smart Grid

Solutions Company of the Year  

Silver Spring Networks

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2014 New Zealand Facilities

Management Company of the Year  

ISS Facility Services

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Healthcare

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2014 New Zealand Mobile Health

Company of the Year         

Vensa Health

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2014 New Zealand Medical Imaging

New Product Innovation Leadership

Award                            

Aranz Medical Limited

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2014 New Zealand Aged Care Industry

Emerging Company of the Year     

Bupa Care Services

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2014 New Zealand Aged Care Company

of the Year                     

Ryman Healthcare Ltd

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Food

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2014 New Zealand Animal Nutritional

Feed Company of the Year      

Alltech

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2014 New Zealand Nutraceutical

Company of the Year        

Vitaco Health

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2014 New Zealand Edible Oil Company

of the Year                     

The Village Press

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Information and Communication Technology

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2014 New Zealand Network Security

Vendor of the Year               

Check Point Software Technologies

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2014 New Zealand Enterprise

Telephony System Integrator of the

Year                               

Cogent Limited

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2014 New Zealand Contact Center

Outsourcing Service Provider of

the Year                         

Datacom

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2014 New Zealand Unified

Communications System Integrator

of the Year                            

Spark Digital

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2014 New Zealand Hosted Contact

Center Service Provider of the

Year                             

Spark Digital

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2014 New Zealand Data Center

Hosting Service Provider of the

Year                              

Spark Digital

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For more details on the 2014 New Zealand Excellence Awards log-in to http://www.frost-apac.com/newzealandawards. You may also connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare, and LinkedIn, for the latest news and updates.  We also invite you to join the conversation using @FrostSullivanAP.

The 2014 Frost & Sullivan New Zealand Excellence Awards was held in conjunction with the Growth, Innovation and Leadership (GIL) Congress 2014: New Zealand.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Contact:

Donna Jeremiah
Corporate Communications — Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

http://www.frost.com

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Report-TCO Development Sees Progress and Remaining Hotspots in Socially Responsible Manufacturing Among IT Brands

STOCKHOLM, Aug. 28, 2014 /PRNewswire/ — A new report from TCO Development reveals some progress but also persistent problems among 17 major IT hardware brands working to comply with new socially responsible manufacturing requirements. The State of Socially Responsible Manufacturing in the IT Industry reviews brand efforts over a one-year period to meet new criteria in TCO Certified, the sustainability certification for IT products.

(Logo: http://photos.prnewswire.com/prnh/20120910/559379-a)
(Photo: http://photos.prnewswire.com/prnh/20140828/702915)

Progress was observed in three areas; brand responsibility for ethical treatment of manufacturing workers, establishing a structure for social responsibility work, and transparency between brands, manufacturers and other stakeholders.

However well known problems persist, including excessive overtime, insufficient health and safety routines, labor law violations and restrictions on worker rights to organize. 15 of the 17 brands showed non-conformities in one or more areas.

Initially introduced in 2009 and expanded in 2012, the criteria focus on brand compliance with ILO Core Conventions, the UN Convention on the Rights of the Child and labor and social protection laws in the country of manufacture.

Niclas Rydell, Product and Certification Director at TCO Development comments: “By adding social criteria to TCO Certified, we want to give buyers a way of identifying IT products that are sustainably and responsibly made. We’re also providing industry with a structure for measuring incremental improvements in social responsibility, treatment of workers and transparency with stakeholders.”

Compliance is verified by accredited third parties using a strict code of conduct, third party factory audits and corrective action plans. Factories and products are also subject to follow-up spot checks and audits. Rydell concludes: “Moving forward, continued brand engagement in follow-up and implementation of the code of conduct will be key to addressing identified hotspots and making further progress.”

About TCO Development 

TCO Development advances sustainable IT and is the organisation behind TCO Certified, the third party sustainability certification for IT products. Professional IT purchasers worldwide choose TCO Certified products as part of their sustainable IT strategy. Products achieving TCO Certified meet a broad series of criteria to ensure that manufacturing, use and recycling is carried out with consideration for environmental, social and economic responsibility. TCO Certified is available for displays, notebooks, tablets, smartphones, desktops, all-in-one PCs, projectors and headsets. TCO Development is headquartered in Stockholm, Sweden, with regional presence in North America and Asia.

Contacts:
Niclas Rydell +46705889271
Niclas.rydell@tcodevelopment.com

Press: Anna Pramborg: +46706676404
Anna.pramborg@tcodevelopment.com

The Lombard Odier Group Reports Results for the First Half of 2014

GENEVA, Aug. 28, 2014 /PRNewswire/ —

  • Total client assets on 30 June 2014 amounted to CHF 211 billion of which assets under management were CHF 156 billion 
  • Consolidated net profit was CHF 62.5 million for the Group 
  • Fully-loaded Basel III CET1 ratio stood at 23.8%  

Assets under management and strategic diversification across three business lines 

Several years ago, Lombard Odier decided to accelerate the expansion of its private client business in Europe, Asia and Switzerland, to sharpen the scope of its asset management business and to turn its technology platform into a profit centre. This long-term strategic evolution is showing steady progress and positions the firm for the future.

As a result, today the Group is organised around three business lines with total client assets at the end of June 2014 of CHF 211.0 billion. Total client assets in the private clients business amounted to CHF 114.7 billion. Asset management clients invested CHF 47.8 billion. Technology and banking services clients entrusted an additional CHF 48.5 billion of assets to Lombard Odier.

Solid earnings 

The Group’s consolidated income in the first six months was CHF 527.1 million and the operational cost base was CHF 429.7 million. Operating cost-income ratio for the Group stood at 80%, reflecting long-term investments in three strategic areas: the private client businesses in Europe, Asia and Switzerland; asset management expertise for institutional clients; and further developments into the technology platform that Lombard Odier provides to third parties.

“These results are in line with our expectations and reflect both the investments we make towards our strategic objectives as well as the conservative use of our balance sheet,” said Patrick Odier, Senior Managing Partner. “Our Group is increasingly diversified, more international and more balanced between private and asset management clients and we are expanding our partnerships with financial services providers. Our solid net profit allows us to continue investing in all three businesses.”  

Strong and liquid balance sheet 

The consolidated balance sheet totals CHF 17.1 billion and is conservatively invested. The Group has no external debt and is well capitalised with a fully-loaded Basel III CET1 ratio of 23.8%, which is well above the FINMA’s 12% target. The Liquidity Coverage Ratio was 653%.

One of the Group’s objectives is to remain one of the best capitalised banks in the world. Lombard Odier’s strong capitalisation is a foundation of its clients’ trust in the firm.

About Lombard Odier 

Lombard Odier provides its private clients with a full range of bespoke services such as succession planning, discretionary and advisory portfolio management, tax reporting and custody services. With a view to remaining close to its clients’ needs, the Group is able to harness expertise and technology to provide wealth management solutions across the globe. Lombard Odier has developed significant private banking operations in Europe, Asia and Switzerland.

Lombard Odier Investment Managers (LOIM), the Group’s asset management unit, seeks to deliver performance by identifying sources of both risk and return through absolute return, smart beta and high conviction strategies. LOIM offers its clients a range of innovative solutions including risk-based asset allocation, thematic equity investments, convertible bonds and absolute return as well as alternative strategies.  

Lombard Odier provides its technology and banking clients with its own IT and operational infrastructure as well as global custody and reporting services.

The Lombard Odier Group has a presence in the world’s main financial centres and offers its clients a global perspective through its network of offices in 19 jurisdictions. The Group employs about 2,000 people.

The Group has a AA- Fitch rating with a “stable” outlook.

Lombard Odier is headed by eight Managing Partners, who represent up to the seventh generation of bankers running the Firm. They are both owners and managers and are involved with leading the firm’s strategy and management as well as serving clients. Since its founding in 1796, the Firm has stayed true to its primary vocation of preserving and nurturing the assets entrusted to it and helping to hand them to future generations.

For more information: http://www.lombardodier.com

Bank Lombard Odier & Co Ltd
Rue de la Corraterie 11
1204 Geneva
http://www.lombardodier.com

Warren Giles
Media Relations (English)
Tel: +41(22)709-31-57
w.giles@lombardodier.com

Christoph G. Meier
Head of Communications
Tel: +41(0)22-709-17-46
c.meier@lombardodier.com

Marionna Wegenstein
Pressverantwortliche (Deutsch)
Tel: +41(44)214-14-10
m.wegenstein@lombardodier.com

Media Relations
Tel: +41(22)709-21-21

Francois Mutter
Relations Medias (Francais)
Tel: +41(22)709-93-64
f.mutter@lombardodier.com

Thomson Reuters Collaborates with DataCite to Expand Discovery of Research Data

— Thomson Reuters Data Citation Index cooperation with DataCite guides industry to better discovery, attribution and connectivity to research

PHILADELPHIA, Aug. 28, 2014 /PRNewswire/ — The Intellectual Property & Science business of Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced a collaboration with DataCite, a leading global nonprofit organization dedicated to enabling people to find, share, use, and cite data. The collaboration will promote the discovery of research data sets through the Data Citation Index(SM), a single-point solution providing access to quality research data sets from multi-disciplinary repositories around the world.

This collaboration will connect the Data Citation Index to high quality research data from repositories worldwide that work with DataCite. This will ensure that the valuable content that has been made citable by DataCite is globally discoverable, properly attributed and reusable by other researchers. As part of the Web of Science™ — the premier scientific search and discovery platform and industry authority in science, social science, and arts & humanities citation indexes — inclusion within the Data Citation Index will also further DataCite’s mission of increasing acceptance of research data as citable contributions to the scholarly record.

“We are excited to be working with Thomson Reuters to enhance the ways that people can find and use data,” said Adam Farquhar, president of DataCite. “With global research output rapidly increasing and citable datasets becoming legitimate contributions to the scholarly record, it is imperative that researchers around the globe can efficiently access, cite and measure data-intensive research.”

Since creating the Data Citation Index, Thomson Reuters has worked closely with global industry leaders to expand the breadth of research discovery by capturing bibliographic records and cited references for digital research, as well as literature describing research which cites or uses the data, stewarding the accurate identification, attribution and measurement of this growing body of scholarship. The Data Citation Index allows users to gain a comprehensive view of the genesis of research projects and influence the future paths they may take, while minimizing the duplication of work and speeding the scientific research process to keep pace with the changing global research landscape. Through linked content and summary information, this data is displayed within the broader context of the scholarly research ecosystem, enabling users to gain perspective that otherwise would be lost if viewed in isolation.

“We are pleased to be working with DataCite, a leader in providing persistent identifiers to high-value data, to improve access to datasets and accurate scholarly attribution,” said Gordon Macomber, managing director of Thomson Reuters IP & Science. “As the global output of scientific and scholarly research continues to rapidly grow, DataCite’s support of the Data Citation Index raises the importance of identifying prior research to enhance the scientific process.”

Learn more about the Data Citation Index and Web of Science.

DataCite

DataCite is a global nonprofit membership organization that aims to make research better by enabling people to find, share, use, and cite data through reliable, easy-to-use persistent data identification services underpinned by the DOI system. DataCite engages stakeholders including researchers, scholars, data centers, libraries, publishers and funders through advocacy, guidance and services. For more information, go to www.datacite.org.

Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to www.thomsonreuters.com.

CONTACT

Thomson Reuters

Jen Breen
+1.215.823.1791   
Jennifer.breen@thomsonreuters.com

Molly Malone
+1.215.823.3702  
Molly.malone@thomsonreuters.com

DataCite

Jan Brase
+49.15120417763  
Jan.brase@datacite.org