Core Viewpoint - The company has completed the sale of its subsidiary HLG BVI, which operated in the Los Blancos oil extraction area in Argentina, marking its exit from the Argentine oil business and a strategic move to streamline operations and reduce geopolitical risks [1][2]. Group 1 - The company, through its wholly-owned subsidiary HLG BVI, held a 50% interest in the Los Blancos oil extraction rights in Salta Province, Argentina, alongside Pampa Energía S.A. [1] - The rights were granted in October 2020 for a 25-year period to produce crude oil in the Los Blancos area [1]. - The sale agreement with Lantau Tomorrow Development Inc. was signed on December 31, 2025, for the entire issued share capital of HLG BVI, with the price determined based on fair negotiations considering HLG BVI's net asset value and market conditions [1]. Group 2 - The sale was completed immediately on the date of the agreement, resulting in HLG BVI no longer being a subsidiary of the company, and its financial data will not be consolidated into future financial statements [2]. - The company will cease its operations in the Argentine oil business as a result of this sale, fully disposing of all its assets in Argentina [2]. - This divestment aligns with the company's intention to exit the northeastern Argentine oil and gas sector, streamline operations, and reallocate resources to other business segments [2].

Group 1 - The company announced the sale of its wholly-owned subsidiary HLG BVI, which operates the Los Blancos oil concession in Argentina, holding a 50% interest in oil extraction rights [1][2] - The sale agreement was signed with Lantau Tomorrow Development Inc., a buyer familiar with the Argentine business environment, and the price was determined based on HLG BVI's net asset value and market conditions [1] - Following the completion of the sale, HLG BVI will no longer be a subsidiary of the company, and its financial data will not be consolidated into the company's future financial statements [2] Group 2 - The sale aligns with the company's intention to exit the northeastern Argentine oil and gas business, allowing for operational streamlining and resource reallocation to other business segments [2] - The strategic move aims to reduce geopolitical and operational risks associated with the Argentine oil business [2]

Group 1 - The company, New Era Group Holdings, announced the sale of its entire issued share capital of HLGBVI, which operates the Los Blancos oil extraction rights in Argentina [1][2] - The company holds a 50% interest in the Los Blancos oil extraction, with Pampa Energía S.A. owning the remaining 50% [1] - The sale aligns with the company's strategy to exit the northeastern oil and gas business in Argentina, allowing for resource reallocation and reduction of geopolitical and operational risks associated with the Argentine oil business [2] Group 2 - The sale was completed immediately upon the signing of the agreement, resulting in HLGBVI no longer being a subsidiary of the company [2] - Financial data from HLGBVI and its subsidiaries will not be consolidated into the company's future financial statements [2] - The terms of the sale were deemed fair and reasonable by the company's board, reflecting the overall interests of the company and its shareholders [2]

NEW TIMES CORPORATION LIMITED 新時代集團控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：00166） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 由於出售事項的適用百分比率（定義見上市規則）低於 5%，故根據上市規則第 14 章， 出售事項並不構成本公司的須予公佈交易。 股東及潛在投資者於買賣股份時務請審慎行事。 承董事會命 新時代集團控股有限公司 主席 鄭錦超 內幕消息公告 出售阿根廷東北部上游油氣業務 本公告乃由新時代集團控股有限公司（「本公司」，連同其附屬公司「本集團」）根 據證券及期貨條例（香港法例第 571 章）第 XIVA 部內幕消息條文（定義見香港聯合 交易所有限公司證券上市規則（「上市規則」））及上市規則第 13.09(2)(a)條所作出。 本集團通過其全資附屬公司高運集團有限公司（「HLG BVI」，一間於英屬處女群 島註冊成立的公司，而 HLG BVI 包括其阿根廷分公司）運作 Los ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced that the cumulative production of oil and gas equivalent from the offshore gas field group around Hainan Island will exceed 10 million tons by 2025, marking a historic high and doubling the output compared to the end of the 13th Five-Year Plan, which is significant for national energy security and the high-quality construction of Hainan Free Trade Port [2] Group 1 - CNOOC has implemented a "Seven-Year Action Plan" for domestic oil and gas reserve increase and production since the 14th Five-Year Plan, focusing on resource assessment in three major oil and gas structures: Yinggehai Basin, Qiongdongnan Basin, and Zhujiangkou Basin [2] - The company has intensified oil and gas exploration and development efforts, accelerating the construction of marine energy infrastructure, and has established the largest offshore natural gas production cluster in China, consisting of 19 offshore platforms, 3 land terminals, and several underwater production facilities [2] Group 2 - The production management team at CNOOC's Hainan branch is focused on maintaining high and stable production from existing gas fields while ensuring the orderly development of new projects, employing various lean management measures [3] - The company is enhancing the recovery rate of existing offshore gas fields through practices like "pressure reduction production" and is committed to the successful commissioning of key projects such as the second phase of the "Deep Sea No. 1" [3] - CNOOC has established a marine natural gas production, supply, and sales network that extends to the South China coastal region, utilizing a 24-hour scheduling mechanism and big data analysis for supply-demand management, achieving a near "full production and full sales" model for offshore natural gas [3]

Core Insights - CNOOC announced that the cumulative production of oil and gas equivalent from the offshore gas field cluster around Hainan Island will exceed 10 million tons by 2025, marking a historical high and doubling the production compared to the end of the 13th Five-Year Plan [2] Group 1 - The production milestone of over 10 million tons is expected to be achieved by 2025 [2] - This production level represents a significant increase, effectively doubling the output from the end of the previous five-year plan [2]

新华社发（中国海油供图） 中国海油12月30日宣布，环海南岛海上气田群2025年累计生产油气当量突破1000万吨，创历史新 高，较"十三五"末实现产量翻番。 图为"深海一号"二期深水气井放喷测试瞬间（资料照片）。 ...

图为"深海一号"二期深水气井放喷测试瞬间（资料照片）。中国海油12月30日宣布，环海南岛海上气田 群2025年累计生产油气当量突破1000万吨，创历史新高，较"十三五"末实现产量翻番。新华社发（中国 海油供图） ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced that its offshore oil and gas production in the Hainan Island region will exceed 10 million tons by 2025, marking a historic high and doubling production compared to the end of the 13th Five-Year Plan, which is significant for national energy security and the high-quality development of Hainan Free Trade Port [1][2] Group 1 - CNOOC has been actively exploring and utilizing marine oil and gas resources in Hainan since the 1950s, with significant developments in offshore natural gas production starting in the 1980s [1] - The "Deep Sea No. 1" project, China's first self-operated ultra-deepwater gas field, has significantly contributed to the production increase in the Hainan offshore oil and gas fields [1][2] - The company has established the largest offshore natural gas production cluster in China, consisting of 19 offshore platforms and multiple underwater production facilities [2] Group 2 - CNOOC's production management team is implementing various lean management measures to enhance production efficiency, including deepening the extraction from existing fields and ensuring the smooth commissioning of new projects [2][3] - The company has set a target of producing 10 million tons and has mobilized over 10,000 workers in the marine oil industry to support this production increase [3] - CNOOC has developed a marine natural gas supply network that serves the South China coastal region, utilizing big data for supply-demand management [3] Group 3 - CNOOC aims to leverage the advantages of the Hainan offshore oil and gas industry cluster to create a new pattern of resource development and utilization, contributing to the establishment of the largest offshore clean energy supply base in the country [4]

Core Insights - The Nanhai Eastern Oilfield has maintained an annual oil and gas production exceeding 20 million tons for four consecutive years, contributing over 100 million tons during the 14th Five-Year Plan period [1][2] Group 1: Production Achievements - The oilfield's production surpassed 20 million tons of oil equivalent in 2025, marking a significant milestone since it first achieved this level in 2022 [1] - The oilfield has transitioned from an initial production of several hundred thousand tons to a stable output of over 20 million tons, significantly altering the energy landscape in southern China [1] Group 2: Operational Strategies - In 2025, the oilfield overcame challenges such as ten typhoons, optimizing operational efforts and maximizing production during peak periods [1] - The oilfield implemented a "few wells, high efficiency" exploration strategy, drilling nearly 50 wells and adding over 100 million tons of proven reserves [2] Group 3: Technological Innovations - The oilfield achieved breakthroughs in deep-water exploration and water control, with innovative theories leading to significant discoveries in deep-water oil and gas [2] - The first offshore CCUS project in China was successfully implemented, enhancing the recovery rate at the Liuhua 11-1 oilfield [2] Group 4: Economic Contributions - The oilfield is a key economic driver, ranking among the top three in industrial added value in Shenzhen during the 14th Five-Year Plan, and is projected to be the leading industrial enterprise in Nanshan District in 2024 [2] - The natural gas produced is processed and distributed to cover a large part of the Guangdong-Hong Kong-Macao Greater Bay Area, supplying nearly 5.8 billion cubic meters of clean natural gas annually [2]