HONG KONG, March 6, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin.

The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an oil and gas pay zone of 283 meters, with a total drilled depth of approximately 4,840 meters. The test results indicate that the well produces approximately 13.2 million cubic feet of natural gas and about 800 barrels of crude oil per day. It marks a major breakthrough in natural gas exploration in the granite buried hills in the Beibu Gulf Basin.

Mr. Xu Changgui, the Chief Geologist of the Company, said, “The Weixinan Sag in the Beibu Gulf Basin is one of the most explored sags offshore China. In recent years, the Company has been researching on the reservoir formation theories of the complex buried hills and the relevant technologies needed. The breakthrough in the exploration of Paleozoic granite buried hills reveals the vast exploration prospects of the buried hills in the Beibu Gulf Basin. It will also provide guidance for exploration in similar fields offshore China.”

Mr. Zhou Xinhuai, the Chief Executive Officer of the Company, said, “In recent years, the Company has made large and medium-sized oil and gas discoveries in various types of buried hills offshore China, which have been further expanding the Company’s oil and gas resource base. The discovery in the Beibu Gulf Basin will help to stabilize energy supply and continuously contribute to the economic and social development.”

— End —

Notes to Editors:

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

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

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 macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

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: mr@cnooc.com.cn 

Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com

Venture Capitalist Tracy Gray Aims to Address Women’s Wealth Gap and Access to Capital

LOS ANGELES, March 6, 2025 /PRNewswire/ — We Are Enough (WAE), a nonprofit, launches the first of its kind initiative, the 3.3.3 Challenge: inspire 3 million women to commit to invest 3 billion dollars over 3 years, with a “gender lens” (investing in women-led/owned businesses or with gender-based factors) to grow their wealth, match their values and create the world they want to see.

We Are Enough’s website, weareenough.biz, provides women with the tools and knowledge to begin investing through WAE’s northstar investment platform. northstar identifies companies and investment products that meet Gender Lens Investing (GLI) requirements where women can invest now. If women want to learn investment terms or research investment sources, We Are Enough’s dollar and sense education portal gives women all the tools and information they need to invest with confidence. By aligning financial decisions with personal values, women can enhance their prosperity and drive positive change in areas such as gender and racial equality, education, gender-based violence, and climate action.

“We Are Enough is undertaking this ambitious campaign to educate women why they should invest in women-led and women-owned businesses or with a gender lens,” said Tracy Gray, venture capitalist and We Are Enough’s founder. “The benefits from investing with a gender lens include employee satisfaction, recruiting a diverse talent force, promoting innovation and avoiding reputational risk.¹ Women-led businesses typically outperform males in EVERY measure of profitability.² So, we women, at every economic level, need to be a bit sexist with investment capital and invest in women-owned and led businesses. The path to changing the world for everyone is through women and our wallets.”

We Are Enough believes this is an opportune time to introduce the 3.3.3 Challenge. By 2030, women are expected to control $34 trillion in financial assets. Widowed women and their daughters are expected to inherit roughly $40 trillion between 2024 and 2048. Fueled by inheritance, longer life expectancies and rising career earnings, this transition is more than just a financial event — it’s an opportunity for women to shape the future of wealth, philanthropy and especially investment in women-owned and women-led businesses. Consequently, women are more likely to create enterprises addressing social concerns like education, healthcare and alleviating poverty. Through this great wealth transfer, We Are Enough is committed to narrowing the gender wealth gap and creating equitable communities. We Are Enough plans to achieve this through educational initiatives, community engagement and advocacy.

“With 75% of discretionary spending being within women’s control, the current landscape offers an unprecedented opportunity for impactful investment decisions,³” said Vanessa Gray, Executive Director, We Are Enough. “We are issuing a call to action to all women of every social and economic level to be less risk averse, go beyond philanthropy, be comfortable with building wealth and move some of those dollars into for-profit businesses led by women.”

We Are Enough is supported by grants given by Nasdaq Foundation, Pivotal, JPMC, Marc Benioff and Lynne Benioff Salesforce Foundation, Wells Fargo Foundation, Wallace Global Fund, Nia Capital, American Endowment Foundation and Tara Health Foundation.

To kick off the revolutionary 3.3.3 Challenge, We Are Enough invites women everywhere to join the movement. For more information about We Are Enough and to get involved, visit weareenough.biz.

About We Are Enough
We Are Enough is a nonprofit that educates women globally of all economic levels on WHY and HOW to invest in women-owned/led businesses and/or using a gender lens.
For more information to join the 3.3.3 Challenge visit: weareenough.biz.

MEDIA CONTACT:
Vanessa Gray media@weareenough.biz

¹https://www.morganstanley.com/articles/gender-diversity 

²According to a study by the Boston Consulting Group, the statistic that supports the claim that women-led businesses often outperform male-led businesses is that for every dollar of investment, female-founded startups generate around 78 cents in revenue, compared to only 31 cents generated by male-founded startups; essentially indicating significantly higher profitability for women-led businesses.

³https://www.nielsen.com/insights/2020/wise-up-to-women/ 

ADELAIDE, Australia, March 6, 2025 /PRNewswire/ — Fleet Space Technologies, Australia’s leading space exploration company, announced the construction of its new global headquarters and hyper factory for next-gen space and climate technologies at the Adelaide Airport. This state-of-the-art facility will enable Fleet Space to accelerate the production of its pioneering space technologies and scale its end-to-end exploration platform, powered by space and AI, ExoSphere.

Fleet Space’s New GHQ & Space Tech Hyper Factory

The new global headquarters – ‘GHQ’ – will feature advanced manufacturing and data center technologies, enabling production capacity for thousands of Fleet Space’s patented smart sensors and hundreds of satellites annually, with room to create hundreds of new jobs in South Australia. GHQ will also form the basis for Fleet Space’s exploration-focused AI supercomputer, ExoCore – establishing South Australia on the forefront of global AI innovation working to make the discovery of energy transition minerals faster and more sustainable.

2025: Fleet Space’s Ten Year Anniversary
“Today marks a significant leap into the future for Fleet Space and Australian innovation, as we continue our mission to build revolutionary frontier technologies that address the dual challenges of climate change and space exploration, from the heart of South Australia. What began as a bold vision ten years ago when we founded Fleet Space has grown into a global force transforming the future of exploration on Earth and beyond,” said Co-Founder & CEO, Flavia Tata Nardini.

“The tremendous evolution of Australia’s innovation ecosystem charts a clear path for Australia’s ascendancy in space, climate technologies, and artificial intelligence. With our new GHQ at Adelaide Airport, we’re strategically positioned to continue our exponential growth and development of cutting-edge technologies, paving the way for a more sustainable future on Earth, while furthering humanity’s exploration of new worlds.”

Global Hub: Space & Climate Innovation
Optimised to drive new-to-world innovation by fusing the latest advances in space, climate, and AI technologies, Fleet Space’s GHQ and hyper factory represents a hybrid manufacturing model for frontier technologies needed to achieve decarbonisation and net-zero targets. Fleet Space’s GHQ will house the company’s research and development labs, 3D printing technologies, data center infrastructure, and central operations for the company’s satellite network in low Earth orbit and its end-to-end mineral exploration platform, ExoSphere.

Used by over 40 leading exploration companies – like Rio Tinto, Barrick, Gold Fields, and Ma’aden – to survey for energy transition minerals across five continents, global service capacity for ExoSphere will be further enhanced by GHQ, in addition to Fleet Space’s partnerships with companies like Koloma to accelerate development of renewable, zero-carbon energy sources. The unveiling of Fleet Space’s GHQ follows its acquisition of HiSeis, the world’s leading provider of active seismic exploration technology to the minerals industry, reinforcing its mission to unite breakthrough technologies for faster, more sustainable, data-driven mineral discovery.

“GHQ is the forerunner for the next-gen manufacturing model needed to unlock and scale the space, climate, and AI-powered technologies our planet needs to get back on track for net-zero,” said Chief Exploration Officer, Matt Pearson. “The powerful new capabilities emerging from a deep convergence of frontier technologies in space, climate, and AI are foundational to achieving our clean energy future. Getting there requires a vertically integrated manufacturing model optimised for the rapid advances in these technologies. GHQ is Fleet Space’s bold first step, and we hope industries around the world pursue similar models to support the innovation needed for our decarbonised future.”

Frontier Technology Incubator
This new 5,300 m2+ facility will enable Fleet Space to accelerate the vertical integration of its business with supply chain, design, manufacturing, operations, engineering and R&D unified within a purpose-built, high-tech facility. In this environment, Fleet Space’s renowned team of engineers, scientists, and innovators will be able to collaborate and take the company’s global impact in space and mineral discovery to new heights. 

In 2026, Fleet Space’s lunar exploration technology – SPIDER – will be deployed on the Moon to search for water ice as part of Firefly Aerospace’s Blue Ghost Mission 2: the first Australian-borne technology to be used on the lunar surface. In January, Fleet Space was awarded a Moon to Mars Supply Chain Grant from the Australian Government to develop advanced gravity sensing capabilities to accelerate exploration on the Moon and Mars. On SpaceX’s Bandwagon-1 and Transporter-12 missions, Fleet Space launched its most advanced exploration satellites – Centauri VI, VII, VIII – to support the expansion of ExoSphere’s end-to-end capabilities on Earth.

Adelaide Airport: Catalyst Park
“We’re proud to welcome Fleet Space to Catalyst Park at Adelaide Airport and to be developing their new global headquarters and hyper factory to meet their specific needs,” said Adelaide Airport Managing Director, Brenton Cox. “As the developer of this state-of-the-art facility, we’re excited to support a pioneering South Australian company at the forefront of space and exploration technologies.”

“This project underscores Adelaide Airport’s commitment to driving innovation and growth with our business partners. With Catalyst Park continuing to expand, Fleet Space is precisely the forward-thinking, dynamic type of business that can take advantage of the unique opportunities Adelaide Airport has to offer.”

Center of Leading-Edge Science
Fleet Space’s new headquarters at the Adelaide Airport bolsters South Australia as the national center of Australia’s space industry. After years of exponential growth – including a AUD$150M Series D funding round led by Canada’s Teachers’ Venture Growth (TVG), more than doubling the company’s valuation to AUD$800M – Fleet Space regularly convenes and works alongside global space leaders, technologists, scientists, and explorers from around the world. In collaboration with MIT Media Lab’s Space Exploration Initiative, Fleet Space helped to advance off-world research needed for the planning of future missions to the Moon, Mars, and beyond, while partnering with Stanford University’s Mineral-X on critical research into paths to decarbonise the mineral supply chain with space-enabled technologies.

GHQ will also help to facilitate the expansion of Fleet Space’s STEM program with the development of a groundbreaking national STEM initiative – LaunchBox – providing expert-guided lessons for teachers and students to build educational satellites, bringing applied STEM knowledge and real-world experience to secondary students across Australia. Building on its deep relationships with the global science community, GHQ will scale Fleet Space’s ability to attract talent and gather leading-edge experts in space, exploration, and emerging technologies, advancing South Australia’s robust culture of innovation and collaboration.

About Fleet Space Technologies
Fleet Space Technologies, Australia’s leading space exploration company, is revolutionizing critical mineral discovery with its end-to-end mineral exploration solution, ExoSphere, which combines satellite connectivity, 3D multiphysics, and AI to image mineral systems in real-time. Over 40 leading exploration companies like Rio Tinto, Barrick, Gold Fields, and Ma’aden have used ExoSphere’s real-time 3D subsurface imaging on projects across five continents. In 2024, Fleet Space was recognised as the winner of the Innovation category at the Mining Technology Excellence Awards and received the Climate Impact Technology Award by the Banksia Foundation.To learn more about ExoSphere, please reach out to the Fleet Space team here.

Centauri VII & VIII satellites launched on SpaceX Transporter 12 mission | Image credit: SpaceX

Flavia Tata Nardini (CEO, Co-Founder), Matt Pearson (CXO, Co-Founder), Federico Tata Nardini (CFO, Chief Strategy & Investment Officer), Robyn Clay, (COO)

Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_ghq_space_tech_hyper_factory.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_centauri_vii_viii_satellites.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_c_level_personnel.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_logo.jpg

SINGAPORE, March 6, 2025 /PRNewswire/ — Recent market volatility, triggered by significant corrections in major assets such as Bitcoin and Ethereum, leads to heightened investor anxiety. Following these corrections, a pro-crypto endorsement from Donald Trump on X (formerly Twitter) injected renewed market speculation, amplifying price fluctuations and short-term trading activity. Faced with persistent high volatility, discerning capital seeks secure avenues to preserve assets and generate reliable returns.

As an alternative to high-risk, leveraged short-term trading, HTX’s USDD Flexible Earn product delivers a stable investment solution. Investors can secure a consistent 12% Annual Percentage Yield (APY), irrespective of market volatility, with hourly compounding providing transparent asset growth.

HTX Upgrades USDD Flexible Earn with 12% APY

USDD 2.0, launched on TRON on January 25, 2025, is a decentralized stablecoin backed by a multi-layered security and risk management system. By implementing overcollateralization, liquidations and auctions, a Peg Stability Module (PSM), and decentralized governance, USDD maintains a 1:1 peg to the U.S. dollar while mitigating  volatility risks. According to Justin Sun’s tweet data: “As of now, over $180 million USDT is available in the contract for conversion with USDD. The total USDD minted is over $200 million.” (USDD data available at https://usdd.io/data).

HTX has enhanced its USDD Flexible Earn product, officially enabling USDT-based subscriptions. Users can use USDT to subscribe to the product at a 1:1 conversion ratio with zero slippage. Following the conclusion of a promotional 20% APY period, the standard yield for USDD Flexible Earn is established at 12% APY, still significantly outpacing similar stablecoin products in the market. With hourly compounding and flexible redemptions, investors can secure  stable passive income, regardless of market fluctuations.

Why HTX’s USDD Flexible Earn?

High Yields: 12% APY outperforms industry benchmarks for stablecoin passive income products.

Zero Slippage Conversion: Seamless USDT subscription at a 1:1 ratio.

Instant Liquidity: Subscribe and redeem anytime, with hourly compounding.

Benefit: Individual subscription quota as high as 10 million USDD, allowing for large-scale earning potential.

Institutional-Grade Security: 12 years of secure platform operations with over 10 million global users, ensuring a safe and stable yield experience.

How to Participate?

To get started with USDD Flexible Earn, you need the HTX app version 10.44.0 or above or visit HTX’s official website. Navigate to “Earn”, choose USDD Flexible, and use Spot USDT as your funding source. Enter the desired amount and confirm. Earnings accrue hourly and are automatically reinvested, with redemption available at any time.

More Ways to Earn: HTX’s Diverse Passive Income Solutions

In the dynamic crypto market, no one can accurately predict the next big move. HTX provides a diverse portfolio of high-yield investment products, including XCN Flexible (20% APY), USDT Flexible (10% APY), and 7-day Fixed for BTC, ETH, and USDT (10% APY). This comprehensive offering allows users to generate passive income across various market conditions. 

As a global leader in digital asset trading, HTX is committed to optimizing user investment experiences, offering high-yield, secure, and stable earning products. Moving forward, HTX will continue launching innovative passive income solutions, empowering users worldwide to navigate crypto markets with confidence and financial security.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.

For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact glo-media@htx-inc.com.

Contact Details
Ruder Finn Asia 
htx@ruderfinn.com

Witness the power of advanced automation, multi-orbit connectivity and cloud-driven scalability in action  

HERNDON, Va., March 6, 2025 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, will showcase its Intuition ground system’s next-gen capabilities in advanced automation, multi-orbit connectivity and cloud-driven scalability through live demonstrations at the Satellite 2025 Conference and Exhibition. Designed to address the challenges of evolving satellite networks, Intuition’s next release is scheduled for later this year. Attendees at the event will also get a preview of its future automation capabilities and proof-of-concepts, with insights into how these innovations will shape the future of satellite ground operations.

Key highlights of the demonstrations include:

Deployment Options and Scalability

• Virtualized Network Processing: Displays high-speed performance and configurable scaling using Cloud compute to handle diverse workloads seamlessly.
• Flexible Baseband Options: Highlights virtualized baseband processing with flexibility to deploy on COTS hardware or High-Density Hub Baseband (XBB) for optimized efficiency and reduced costs.
• Scalable Architecture: Demonstrates Network Management Systems support in the public Cloud accommodating growing network demands.

Multi-Orbit Connectivity

• Optimized Traffic Routing: Presents best-path routing via GEO, MEO, LEO, terrestrial, and cellular networks for reliable service.
• Innovative Tracking Algorithm: Shows precise frequency and timing adjustments, enabling seamless beam switching and uninterrupted connectivity between satellites operating in multiple orbits.

Efficiency and Optimization

• Mx-DMA MRC Waveform: Demonstrates enhanced spectral efficiency with real-time adaptive bandwidth adjustments for shared capacity.
• Global Bandwidth Management: Highlights flexible connectivity through advanced load balancing and dynamic pooling of space segment resources.

ST Engineering iDirect will also provide a preview into Intuition’s future automation capabilities and proof-of-concept innovations that leverage machine learning and artificial intelligence technologies to enable automation and enhance network monitoring, troubleshooting and operations. These include:

• Zero-Touch Adaptive Coding and Modulation: Optimization of channel performance and real-time adjustments.
• AI-Powered Anomaly Detection: Early detection of network impacting activities such as rain fade and noise to reduce system disruptions.
• AI-Based Network Assistant: Enables smarter, faster interactions for improved network operational metrics.

Visit ST Engineering iDirect at Booth 2102 at Satellite 2025 Conference and Exhibition from March 10 to 13 or schedule a personalized demonstration to see firsthand how Intuition can reshape satellite ground operations.   

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.