HONG KONG, Aug. 27, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2025 interim results.

• Net production increased by 6.1% year-on-year (“YoY”) while natural gas up 12.0%
• Remained cost competitive and net profit attributable to equity shareholders reaching RMB 69.5billion
• Actively sharing development results, HK$0.73 per share (tax inclusive) of interim dividend declared

In the first half of 2025, with the concerted efforts of all employees, CNOOC Limited contained the impact of oil price volatility by sticking to its strategy of reserves and production growth while strictly controlling costs. The Company demonstrated profitability resilience and steady progress toward high-quality development.

CNOOC Limited continued to increase reserves and production, obtaining fruitful results in oil and gas exploration. In the first half of the year, 5 new oil and gas discoveries were made and 18 oil and gas bearing structures were successfully appraised. Offshore China, the Company discovered Jinzhou 27-6, Caofeidian 22-3, Weizhou 10-5 South, and successfully appraised Qinhuangdao 29-6 and Lingshui 25-1. Overseas, the Company actively advanced deployment in strategic areas. The reserves in Guyana continued to grow through three-dimensional deepwater exploration. The Company signed its first oil exploration contract for a new block in Kazakhstan, further expanding its overseas exploration potential.

The Company efficiently promoted the construction of major projects, achieving record-high oil and gas production. In the first half of the year, the net production was 384.6 million BOE, representing an increase of 6.1% YoY, with both domestic and international production exceeding previous record highs for the same period. During the period, 10 oil and gas field development projects successfully commenced production, including the Bozhong 26-6 Oilfield Development Project (Phase I), Wenchang 9-7 Oilfield Development Project, and the Buzios7 and Mero4 projects in Brazil, demonstrating the Company’s outstanding project execution capabilities. Natural gas production surged by 12.0% YoY, showing strong momentum of growth. The Dongfang 29-1 Gas Field Development Project and the Dongfang 1-1 Gas Field 13-3 Block Development Project commenced production, while production from major producing gas fields such as Shenhai-1 and Bozhong 19-6 continued to ramp up. With Shenhai-1 Phase II Natural Gas Development Project on-stream, “Shenhai-1” is expected to produce over 4.5 billion cubic meters of natural gas per annum, becoming China’s largest offshore gas field.

CNOOC Limited remained committed to innovation-driven growth, advancing its digital and intelligent transformation in an orderly manner. Key technologies for reserves and production growth were developed and applied. Reserve utilization and oil recovery rates continued to improve, while the natural decline rate of oilfields offshore China remained at a low level. Advanced geophysical technologies were applied to improve the quality of seismic data from deep plays. Intelligent injection-production technologies were deployed on a large scale to help control the natural decline rate. The Company promoted excellent intelligent drilling and completion, with the construction speed of the demonstration projects accelerated by 26%. The Company deployed “AI+” application scenarios, while the “Shenhai-1” Intelligent Gas Field was recognized as one of China’s first batch of top-tier smart facilities. The Company integrated satellite remote sensing, unmanned equipment, and AI algorithms, to enhance its emergency response capability against typhoon-related risks, laying solid foundation for safe production.

The Company adhered to integrated development of oil and gas and new energy sectors, making solid progress in green transition. By adopting multiple measures, including energy conservation in oil and gas production, green electricity substitution, and renewable power generation, the Company made new progress in producing oil and gas in a cleaner way. In the first half of the year, the Company applied permanent magnet electric submersible pumps on a large scale, and the Qinhuangdao 32-6 Oilfields saved approximately 18 million kWh of electricity through lean power management. During the period, the Company generated over 900 million kWh of green power, while “HaiyouGuanlan” provided stable green electricity to the Wenchang Oilfields. In addition, the Company purchased and consumed 500 million kWh of green electricity. To foster new industries, China’s first offshore CCUS project was commissioned on the Enping 15-1 platform, pioneering a new mode of carbon-driven oil recovery and oil-based carbon sequestration. The Bohai Oilfields are planned to host the largest offshore CCUS center in northern China, realizing full-cycle capture, injection, and storage of CO₂.

CNOOC Limited remained cost competitive, benefiting from its lean management. In the first half of the year, the Company tackled the uncertainties of external environment with stable high-quality development, demonstrating profitability resilience against oil price changes. Oil and gas sales revenue reached RMB171.7billion. Effective control over all-in cost was sustained, which remained flat YoY at US$26.94 per BOE. Net profit attributable to equity shareholders amounted to RMB69.5 billion. The Company has always actively returned to its shareholders. The Board of Directors has resolved to declare an interim dividend of HK$0.73 per share (tax inclusive).

Mr. Zhang Chuanjiang, Chairman of CNOOC Limited, said: “In the first half of the year, the Company advanced oil and gas development and production in a steady and efficient manner, effectively responding to market fluctuations and laying a solid foundation for achieving the full-year targets. Looking ahead to the second half of the year, the Company will stick to its strategy, remain committed to ensuring safe operations, to complete annual tasks, and strive to promote the high-quality development of China’s offshore energy industry to a new level.”

— End —

Notes to Editors:

More information about the Company is available at https://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. Cheng Yao
Ever Bloom (HK) Communications Consultants Group Limited
Tel: +852 5540 0725
Fax: +852 2111 1103
Email: cnooc.hk.list@everbloom.com.cn

– Club joins forces with global cryptocurrency exchange –
– Collaboration will accelerate international growth and deliver new digital opportunities for fans –

VICTORIA, Seychelles, Aug. 27, 2025 /PRNewswire/ — Newcastle United has signed a multi-year partnership with global cryptocurrency exchange BYDFi, marking an important step in the club’s continued international expansion.

As the club’s Official Cryptocurrency Exchange Partner, BYDFi will work closely with Newcastle United to connect with the Magpies’ rapidly growing global fanbase, while showcasing its innovative financial solutions to new audiences worldwide.

The partnership will strengthen the club’s presence in key international markets, while giving supporters access to digital finance tools, expertise, and new experiences through BYDFi’s cutting-edge platform.

Commenting on the new partnership, Newcastle United’s Chief Commercial Officer, Peter Silverstone, said: “We’re excited to welcome BYDFi to the Newcastle United family. They’re an ambitious, forward-thinking brand whose mission to help people build their financial futures really resonates with us.

“Our club has seen incredible growth in recent years – since the 21/22 season our broadcast audience has ranked second among Europe’s top clubs, and in the Asia-Pacific region we now attract the fifth-highest Premier League TV audience. Add to that being the fastest-growing club on Premier League social media last season, and it’s clear our fanbase is expanding at a remarkable pace.

“This partnership gives BYDFi a fantastic platform to connect with our supporters around the world, and together we’ll be creating new digital experiences to bring fans even closer to the club.”

Michael Hung, Co-founder and CEO of BYDFi, added: “Lasting success, on the pitch or in finance, comes from doing the right things, repeatedly, over time. We’re honoured to partner with Newcastle United and to support a mindset where belief meets steady practice. That’s what ‘BUIDL Your Dream Finance’ means to us; BUIDL is our term for taking actions which turn ideas into reality.

“Partnering with one of Europe’s biggest clubs shows our ambition to continue our growth and reach new audiences. We are delighted to be working with Newcastle United and to reach their growing global fanbase.”

BYDFi, founded in 2020, now serves over 1,000,000 users across 190+ countries and regions. It offers a suite of crypto trading services for both beginners and seasoned investors, with a strong emphasis on compliance, education, and community-building. For more information, please visit www.bydfi.com

GUIGANG, China, Aug. 27, 2025 /PRNewswire/ — On August 1, 2025, POWELLDD’s Vietnamese dealer delegation visited AIMA Smart Mobility Industrial Park in Guangxi, which provided fresh momentum for POWELLDD’s long-term development in the Vietnamese market.

AIMA’s factory in Guangxi comprises four major process systems: assembly, welding, painting, and injection molding. The production process is automated, with more than 40 sets of industrial robots and an annual production capacity of 1.2 million electric vehicles. Following the visit, the delegation expressed greater confidence in collaboration, and over 10 dealers signed contracts on the spot.

POWELLDD, derived from the “Global Leading Electric Two-wheeler Brand”, is AIMA’s new sub-brand targeting overseas consumers. Backed by an international and professional two-wheeler R&D team, it promotes a youthful and liberated lifestyle, striving to deliver an exceptional riding experience to users through “European industrial aesthetics”. Since the entry into the Vietnamese market in 2023, POWELLDD has established a local factory and launched its first model, “Walkmen”.

AIMA electric vehicles are now available in over 60 countries worldwide, supported by 11 major production bases. As of March 31, 2025, cumulative sales had reached 90 million units, earning recognition from the prestigious global enterprise growth consulting firm Frost & Sullivan as the “Global Leading Electric Two-wheeler Brand”  .

Moving forward, POWELLDD will continue leveraging its parent company’s robust manufacturing capabilities to enhance product R&D and provide a green and convenient mobility lifestyle for Vietnamese consumers.

• World’s most prominent crypto event promises its largest and most immersive edition yet
• Final rounds of tickets now on sale — prices increase to USD $599 this Friday 29 August with expected early event sell-out
• Over 500 exhibitors spanning the global digital asset ecosystem
• Speakers include Eric Trump and Donald Trump Jr., Co-Founders of World Liberty Financial; Tom Lee, Fundstrat CIO; Vlad Tenev, Robinhood Chairman and CEO; Paolo Ardoino, Tether CEO; Balaji Srinivasan, The Network State Founder; Arthur Hayes, Maelstrom CIO and many more

SINGAPORE, Aug. 27, 2025 /PRNewswire/ — TOKEN2049, the world’s largest and most influential crypto event, has unveiled its first wave of headline speakers for its flagship Singapore edition. Taking place 1–2 October 2025 at Marina Bay Sands, TOKEN2049 is set to welcome 25,000 attendees from over 160 countries, cementing its position as the main international industry gathering of the year.

With unprecedented demand driving record participation, TOKEN2049 is now entering the final rounds of ticket sales. Prices will increase to USD $599 this Friday 29 August 2025. Organizers strongly encourage attendees to secure passes early, as the event is expected to sell out ahead of time.

New to 2025 are two major additions: the debut of the TOKEN2049 Origins Hackathon, a 36-hour sprint bringing together 160 of the world’s most talented developers and builders, and the second edition of NEXUS — now the world’s largest Web3 startup competition — held in collaboration with leading venture investors Dragonfly, Pantera, and Maelstrom.

This year, TOKEN2049 will expand across all five floors of Marina Bay Sands, transforming the venue into a dynamic pop-up city. Throughout the week, 1,000 side events hosted by leading Web3 companies and projects will take place across Singapore, underscoring the event’s role as the global industry gathering of the year. At TOKEN2049, attendees can expect a festival-style experience featuring a rock-climbing wall, zipline, pickleball courts, cold plunges, live performances, breathwork sessions, and interactive zones, all complemented by TOKEN2049’s signature focus on high-quality, nutritious food.

Alex Fiskum, Co-Founder of TOKEN2049, said: “We’re incredibly excited for what will be the largest industry gathering of the year, with the global crypto community converging in Singapore. This will be our most ambitious edition yet, with 25,000 attendees and 500 exhibitors as the digital asset industry takes over the city for TOKEN2049 Week, culminating with the Formula 1 Grand Prix weekend. We can’t wait to open our doors on October 1 and welcome the international ecosystem back to Singapore.”

The latest confirmed speakers reflect the breadth of leadership across technology, finance, and policy. Headliners include Eric Trump and Donald Trump Jr. (World Liberty Financial), Tom Lee (Fundstrat CIO), Vlad Tenev (Robinhood Chairman & CEO), Paolo Ardoino (Tether CEO), Balaji Srinivasan (Founder, The Network State), and Arthur Hayes (CIO, Maelstrom), with many more to be announced.

TOKEN2049 Singapore will feature over 500 exhibitors, underscoring its role as the global stage for the industry’s most important companies and projects. Title Sponsors include OKX, BloFin, Coinbase, SPACECOIN, BingX, MetaEarth, Mesh Connect, TRON, Bitget, DWF Labs, and others.

To join the 2049 Origins Hackathon waitlist, please visit: http://t2049.co/2049-origins-waitlist

To apply to compete at the NEXUS startup competition, please visit: http://t2049.co/nexus-application

For more information and continued updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/

Alex Fiskum, Co-Founder of TOKEN2049 is available for interview.

PR Newswire is a community partner of TOKEN2049 Singapore.

ABOUT TOKEN2049

TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.

Media Contact
token2049sg@wachsman.com 

DA NANG, Vietnam, Aug. 27, 2025 /PRNewswire/ — At the Ariyana Convention Centre in Da Nang, HorecFex Vietnam 2025 officially opened, launching Vietnam’s largest two-day exhibition and forum (August 26–27). The event features more than 55 in-depth sessions and groundbreaking technology showcases dedicated to the HORECA industry (Hotels – Restaurants – Catering Services).

Organized by HorecFex Vietnam and the Vietnam Hotel Association, this year’s event attracts more than 3,500 participants, including leaders from government agencies, international experts, associations, investors, and over 500 leading enterprises. With this scale and impact, HorecFex Vietnam 2025 reaffirms its position as a premier annual forum for updating the latest trends and technological solutions in the HORECA sector.

HorecFex Vietnam 2025 also carries strategic significance for Da Nang. The event not only enhances the city’s image as a leading tourism destination in the region, but also reinforces its role as the central hub of Central Vietnam, balancing the leadership of Hanoi and Ho Chi Minh City in the tourism sector. Furthermore, it provides a foundation for addressing sustainable management and operational challenges as the city expands following administrative mergers.

The opening ceremony was attended by senior government officials and industry leaders, including Mr. Luong Nguyen Minh Triet – Chairman of Da Nang City People’s Committee; Mr. Nguyen Trung Khanh – Chairman of the Vietnam National Administration of Tourism (VNAT); Mr. Tan Van Vuong – Deputy Director of the Department of Culture, Sports and Tourism; along with representatives of various departments, agencies, and provinces nationwide.

Mr. Nguyen Duc Quynh, Founder of HorecFex Vietnam, shared:
“HorecFex enters its second year with the goal of becoming a prominent annual event for Vietnam’s and the region’s Tourism – Hospitality industry. We are proud of the quality of this year’s forums, gathering more than 90 speakers and guests from 20 countries, including first-time voices in Vietnam from the US and Australia, as well as many leading international experts. Notably, 40% of the speakers are foreign experts and 40% are women – clear evidence of the diversity and inclusivity we pursue. Under the theme ‘The Way Forward,’ HorecFex 2025 not only affirms its role in connecting knowledge but also opens new pathways for the future of the industry. This strong attention also lays the foundation for us to start building the 2026 program with even more innovative and exciting content.”

HorecFex Vietnam 2025 also makes its mark with the largest-ever HORECA technology exhibition in Vietnam, showcasing solutions and equipment worth VND 42 billion (USD 1.7 million). This figure not only reflects significant investment but also highlights the organizers’ commitment to bringing the most advanced management and operational solutions closer to businesses.

Delivering the keynote, Mr. Nguyen Trung Khanh – Chairman of the Vietnam National Administration of Tourism (VNAT), stated:
“According to the 2024 Travel & Tourism Development Index (TTDI), Vietnam ranked 59th among 199 countries and territories. This result reflects remarkable efforts, yet also underscores critical tasks ahead: investing in tourism development, improving infrastructure, accelerating digital transformation, and applying science and technology. With the participation of leading domestic and international speakers and enterprises, HorecFex Vietnam 2025 will serve as a platform for connection, experience-sharing, and practical solutions to enhance competitiveness and drive Vietnam’s tourism breakthrough in a new era.”

Ms. Do Thi Hong Xoan – Chairwoman of the Vietnam Hotel Association, emphasized:
“Vietnamese tourism is entering a period of strong transformation. In the first six months alone, Vietnam welcomed 10.6 million international visitors (up 20.7% compared to the same period in 2024), served 77.5 million domestic travelers, and achieved total tourism revenue of VND 518 trillion. However, the tourism and hospitality industry is also entering a ‘new race’—requiring innovative thinking, flexible strategies, and decisive actions more than ever. At HorecFex this year, three pillars for Vietnam’s hospitality sector are clearly being defined for the coming period: (1) Technology – comprehensive digital transformation. (2) Sustainability tied to responsible tourism. (3) Redefining customer experience.”

Representing the host city, Mr. Luong Nguyen Minh Triet – Chairman of Da Nang City People’s Committee, expressed:
“Da Nang holds outstanding advantages in tourism resources and modern infrastructure. The city also leads the nation in the number of 4- and 5-star hotels, with many top international hotel management brands. However, to fully unlock development potential and create sustainable value, we need innovation, creativity, and close collaboration among many stakeholders—including state agencies, businesses, and technical partners from both domestic and international organizations. I believe HorecFex Vietnam 2025 is an excellent opportunity to connect, share experiences, and jointly develop breakthrough, strategic solutions to elevate service quality in the industry.”

Being chosen as the host city, Da Nang further consolidates its position as a leading conference and exhibition destination in the region. The event provides a platform for policymakers, businesses, and cross-sector experts in Hospitality, Restaurants, Catering, and Technology to exchange insights, while enhancing Da Nang’s competitiveness against other Asian destinations in an era of constant technological innovation.

As 2025 marks the final year of Vietnam’s 2021–2025 Socio-Economic Development Plan, HorecFex Vietnam is considered not only an industry-specific forum but also a practical bridge connecting enterprises, policymakers, and international experts. The event contributes to tourism growth goals, fosters innovation, and enhances service quality and visitor experiences through the adoption of the latest solutions and technology trends.

Alongside the Ministry of Culture, Sports and Tourism in promoting Vietnam’s tourism and maximizing the peak travel season, HorecFex Vietnam 2025 stands as a testament to practical collaboration and a driver of sustainable tourism development, making a positive contribution to Vietnam’s socio-economic growth.

PR Newswire is one of the official media partners of HorecFex Vietnam 2025.