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Tag Archives: UTI

2014 Inter Lubric China: 15th Anniversary, A New Start for Us

SHANGHAI, Aug. 29, 2014 /PRNewswire/ -- With its successful conclusion in Guangzhou in 2013, Inter Lubric China is heralding its 15 years anniversary. The 15th China International Lubricants and Technology Exhibition (Inter Lubric China) wil...

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Sasol, EDM Inaugurate New Gas-to-Power Plant in Mozambique

RESSANO GARCIA, Mozambique, Aug. 29, 2014 /PRNewswire/ --

Earlier today, the President of the Republic of Mozambique, Armando Guebuza, and the Mozambican Minister of Energy, Salvador Namburete, joined the chairman of the Mozambican state power utility, Electridade de Mozambique (EDM), Augusto Fernando de Sousa and the President and CEO of Sasol, David Constable, at the inauguration of Central Termica de Ressano Garcia (CTRG).

The CTRG power plant, which is a partnership between EDM (51%) and Sasol (49%), represents Mozambique's first permanent large-scale gas-to-power facility in Ressano Garcia, which is on the border between Mozambique and South Africa.

Natural gas will be supplied to the new power plant from the Sasol-operated central processing facility (CPF) in Temane in the Inhambane province. Together with its partners, Sasol has expended approximately US$3 billion in capital investments, which include the development and expansion of the CPF and natural gas fields in Southern Mozambique, the construction of a cross-border pipeline, and the completion of the CTRG gas-to-power project.

The 175MW gas-fired power plant will supply electricity to more than two million Mozambicans - this equates to 23% of the country's current demand. The Mozambican economy is one of the fastest growing on the African continent, and is seeing electricity demand increasing by approximately 14% annually.

The opening of the CTRG power facility comes as Sasol celebrates its 10th anniversary of developing the Temane and Pande stranded gas fields in Mozambique, through strong in-country partnerships and its technical expertise. The company's investments over the past decade have contributed to the creation of a favourable investment climate for Mozambique, while establishing an exploration and natural gas production sector in the region. These investments also serve to support economic growth and development in both Mozambique and South Africa.

Sasol President and CEO, David Constable said, "By working together with our Mozambican and South African partners, we are well-placed to unlock the ultimate potential of Mozambique's hydrocarbon resources in an integrated and sustainable manner, which will benefit not only the country but the broader region."

EDM Chairman Augusto Fernando de Sousa commented, "Despite Mozambique's extensive hydrocarbon resources, EDM is currently experiencing an electricity deficit which necessitates importing power. CTRG will help enhance the country's energy self-sufficiency and will also help to diversify our energy base."

The gas-fired power plant is expected to reach beneficial operation in October this year.

About Sasol:

Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 33 000 people working in 37 countries. We develop and commercialise technologies, and build and operate world-scale facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.

While remaining committed to our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition.

Issued by: 

Alex Anderson, Head of Group Media Relations
Direct telephone +27-(11)441-3295
Mobile +27-(0)71-600-9605
alex.anderson@sasol.com

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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


-----------------------------------




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


-----------------




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

------------------------------------------------------------

------------------------------



2014 New Zealand Aged Care Company


of the Year                     

Ryman Healthcare Ltd

---------------------------------------------------------------

----------------------------------



Food


--------




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

---------------------------------------------------

---------------------

2014 New Zealand Edible Oil Company


of the Year                     

The Village Press

--------------------------------------------------------------

----------------------------



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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ZigBee Certified Products Surpass 1,000

-- Continual growth in ZigBee Certified products signals the growing demand for the Internet of Things

SAN RAMON, Calif., Aug. 27, 2014 /PRNewswire/ -- The ZigBee Alliance, a global ecosystem of organizations creating wireless solutions for use in energy management, commercial and consumer applications, today announced that there are now more than 1,000 ZigBee Certified products available to the market, demonstrating the rising demand for the Internet of Things.

Logo - http://photos.prnewswire.com/prnh/20091005/SF86596LOGO

ZigBee standards have been implemented in products developed by more than 400 global manufacturers. The rising number of Alliance members and ZigBee Certified products is a reflection of market demand. In fact, analysts from Research and Markets have forecasted that the global ZigBee enabled devices market will grow at a compound annual growth rate of more than 67 percent from 2014-2018.

The ZigBee Certified program ensures that quality, interoperable ZigBee products are available for product manufacturers and their customers. The program focuses on two areas, the ZigBee Compliant Platform program and the ZigBee Certified Product program. The ZigBee Compliant Platform program evaluates all platforms before they can be engineered into products, including testing for compliance to a ZigBee specification. The ZigBee Certified Product program tests any product using an Alliance-developed standard, ensuring that the product is fully compliant to the standard. To learn more about the ZigBee Certified program, visit: http://www.zigbee.org/Certification.aspx

"The rise to 1,000 certified products is the result of ZigBee's prominence in the booming Internet of Things industry," said Tobin J.M. Richardson, President and CEO of the ZigBee Alliance. "ZigBee is the only standards-based wireless technology designed to address the unique needs of device-to-device communication in just about any market, and the more than 400 member companies consistently certifying new products with ZigBee are a testament to that fact."

ZigBee members continue to experience success, delivering tens of millions of devices to a variety of markets including:

Smart Home
ZigBee is the only global, standards-based wireless solution that can conveniently and affordably control the widest range of devices to improve comfort, security and convenience for consumers. ZigBee enjoys strong adoption in the smart home driven by consumers purchasing through retail stores such as Staples and Lowes, telecommunication companies such as Comcast, Deutsche Telekom and EchoStar, and directly from home automation companies including LeGrand, Schneider, and many others.

Connected Lighting
ZigBee continues to drive interoperable and very easy-to-use consumer lighting and control products allowing consumers to gain wireless control over all their LED fixtures, light bulbs, remotes and switches. Recent announcements by GE, OSRAM, Philips, Busch Jaeger and others demonstrate the growing dominance of ZigBee for connected lighting.

The Connected Lighting Alliance, comprising almost all the major global lighting vendors, has endorsed ZigBee Light Link as the preferred standard for residential lighting applications. This decision represents the first time an alliance of leading lighting companies has unanimously endorsed a common open standard for wireless lighting solutions.

Energy Management
ZigBee is already installed in tens of millions of smart meters today and continues to be the standard of choice for utilities around the world. For instance, Great Britain will begin its Smart Metering Implementation Programme which will lead to the replacement of 53 million meters in homes and small businesses across Great Britain with smart electricity and gas meters by 2020.

To see the full list of ZigBee Certified products, visit: http://zigbee.org/Products/Overview.aspx.

ZigBee: Control your world
ZigBee offers green and global wireless standards, connecting the widest range of devices to work together intelligently and help you control your world. The ZigBee Alliance is an open, non-profit association of approximately 400 members driving development of innovative, reliable and easy-to-use ZigBee standards. The Alliance promotes worldwide adoption of ZigBee as the leading wirelessly networked, sensing and control standard for use in consumer, commercial and industrial areas. For more information, visit: www.ZigBee.org


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SunWize Installs Independent Samoa’s Largest Solar System

-- Project Designed to Mesh with Existing Electric Grid While Withstanding Extreme Weather Conditions and Providing a Clean, Reliable and Affordable Electricity Source

APIA, Independent Samoa, Aug. 26, 2014 /PRNewswire/ -- SunWize Technologies, Inc., a leading provider of sustainable energy solutions, today announced that it completed the installation of a 546 kW solar electric system for the Independent State of Samoa. The project with Samoa's power utility, Electric Power Corporation (EPC), is the country's largest, reducing Samoa's reliance on imported fossil fuels.

"For too long we have had to rely on expensive diesel from other countries for our electricity needs," said Rapa J. Young, EPC's solar project team leader. "This system is moving us closer to independence using clean, reliable solar energy."

The complete solar electric system, financed by the Government of Japan through the Pacific Environment Community Fund, spans three separate sites on the two Independent Samoan islands of Savai'I and Upolu. The Salelologa community of Savai'I and the Tanugamanono community of Upolu house the ground-mount installations. A third site, Vaitele, Upolu, is home to an additional ground-mount installation and a solar canopy for equipment storage.

The project is SunWize's third system in the region, having successfully installed 1.8 MW at the airport in nearby American Samoa in 2012 and a smaller system at the VA Hospital in Pago Pago. Leveraging industry experience from these projects, SunWize deployed best practices for overcoming the logistical and construction challenges involved in installing solar on the South Pacific islands.

"Our previous projects in American Samoa and Pago Pago required a solar electric system that could withstand 124-mile per hour typhoon force winds and corrosive ocean air. We applied similar design and engineering principals to the ground mount systems and the solar canopy while also ensuring seamless alignment with the existing electric grid. We're thrilled to be providing Independent Samoa with a robust source of clean energy," said David Kaltsas, SunWize's President and Chief Operating Officer.

Using the American Samoa and Pago Pago projects as models, SunWize also implemented a control plan that will limit corrosion and extend the life of the system for 25 years.

The solar electric project created 10 jobs between August 2013 and February of this year and will create additional jobs for the ongoing operation of the system.

ABOUT SUNWIZE TECHNOLOGIES, INC.

SunWize sells, finances and builds sustainable energy systems for the public, private and residential sectors. For over twenty years, customers have selected SunWize to deliver sustainable energy solutions on time and within budget. Based in San Jose with offices in CA, NY, OR, HI and AZ, SunWize has deployed 100s of MWs of solar throughout the Americas.

For more information, visit www.sunwize.com.


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Wenchang 13-6 Oilfield Commences Production

HONG KONG, Aug. 25, 2014 /PRNewswire/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Wenchang 13-6 oilfield has commenced production.

Wenchang 13-6 oilfield, located in the west of Pearl River Mouth Basin with an average water depth of approximately 120 meters, is part of the Wenchang oilfields and shares the existing adjacent facilities for the development. The main production facilities include one wellhead platform and 12 producing wells. There are currently 5 wells producing approximately 1,300 barrels per day.

Wenchang 13-6 is an independent oilfield in which the Company holds 100% interest and acts as the Operator.

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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