HONG KONG, Dec. 2, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Huizhou 26-6 Oilfield Development Project has commenced production. The project is located in the Pearl River Mouth Basin, with an average water depth of approximately 110 meters. The main production facilities include a new intelligent drilling production platform, as well as the adaptively-modified "NAN HAI FEN J

South Korea plans to extend its tariff rate quota on energy and food imports into part of next year to help ease the burden on households, the finance ministry said Monday, as the nation continues to struggle with high inflation and a strong U.S. dollar. The tariff rate quota system allows a specified volume of imports to enter the country under reduced tariff rates for a specific period of time. Under the initiative, the zero-tariff policy for liquefied natural gas imports, used for power gener

South Korea's major confectionery companies have decided to raise the prices of their popular chocolate snacks on the back of soaring cacao prices, driven by climate change. Orion announced a 10.6 percent average price increase for 13 products starting Sunday. The price of its popular products like Choco Songyi and Bichobi will rise by as much as 20 percent. Orion also said it would temporarily suspend the supply of its chocolate bar, To You, instead of applying an unavoidable price increas

South Korea's exports posted year-on-year growth for the 14th consecutive month in November, driven by record semiconductor shipments, data from the Ministry of Trade, Industry and Energy showed Sunday. Outbound shipments rose 1.4 percent from a year earlier to $56.3 billion last month, while imports fell 2.4 percent on-year to $50.7 billion, resulting in a trade surplus of $5.61 billion. The country has maintained a trade surplus for 18 consecutive months. By sector, exports of semiconduct

ABU DHABI, UAE, Nov. 30, 2024 /PRNewswire/ -- ADGM, the international financial centre ("IFC") of Abu Dhabi, announced another quarter of unprecedented growth, with exceptional achievements for the third quarter ("Q3") of 2024 across key metrics. The results underscore ADGM's pivotal role in Abu Dhabi's strategic ambition to diversify its economy and solidify its position as a premier global destination for finance, investment, and innovation. ADGM continues to align with A

BEIJING, Nov. 30, 2024 /PRNewswire/ -- This is a report from China.org.cn.   Is used cooking oil also clean energy? Which energy sources can make our world cleaner? What does the whole supply chain look like? Our host Jason had an eye-opening day at the 2nd China International Supply Chain Expo (CISCE). Is used cooking oil also clean energy? Which energy sources can make our world cleaner? What does the whole supply chain look like? Our host Jason had an eye-o

BEIJING, Nov. 29, 2024 /PRNewswire/ -- This is a report from China.org.cn: Hotpot, a beloved Chinese cuisine, is set to make a global impact as industry insiders and ingredient suppliers convened this week at the 2nd China International Supply Chain Expo (CISCE) in Beijing to explore the future of the hotpot industry. According to Huang Li, president of the China Council for the Promotion of International Trade Sichuan Council, the Sichuan-Chongqing Hotpot Industry Supply Chain Expo und

South Korean oil refiner S-Oil hosted an awards ceremony in Seoul on Thursday to honor the contributions of eight “Hero Firefighters,” together with the Korea National Council on Social Welfare. At the 2024 Hero Firefighters Award Ceremony, a panel of firefighting experts named Fire Lt. Yoo Seung-geol as the “Top Hero Firefighter.” Yoo received a cash prize of 20 million won ($14,300) for acts of bravery. In June, he rescued a person trapped in a flood during an underwate

SEOUL, South Korea, Nov. 27, 2024 /PRNewswire/ -- ASNO is a vegan beauty brand which has a concept of protecting animals in Arctic and Antarctica, which are endangered due to environmental pollution. Its products formulated with non-irritating, natural, vegan and active ingredients. They are free of harmful ingredients such as allergenic and comedogenic ingredients. Furthermore, ASNO supports 100% vegan beauty (cruelty-free) and use sustainable materials for packaging. For now, they have hypoall

South Korean stocks closed lower Wednesday as investors offloaded semiconductor shares amid concerns that the incoming US administration may scrap subsidies for chipmakers. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 17.3 points, or 0.69 percent, to close at 2,503.06. Trade volume was moderate at 406.3 million shares worth 8.4 trillion won (US$6 billion), with losers outnumbering winners 516 to 372. Major tech shares lost ground after a sen

By Nurgali Arystanov Ambassador of the Republic of Kazakhstan to the Republic of Korea Kazakhstan is emerging as a key investment destination in its region, consistently attracting substantial foreign direct investment (FDI) since its independence in 1991. With over $431 billion in FDI to date, driven by investors such as the Netherlands, the US and Switzerland, Kazakhstan is emerging as a promising landscape for foreign companies, including those from South Korea. This robust economic relations

Asia's leading dairy brand Yili Group in partnership with China's largest palm oil trader Yihai Kerry spearheaded the first shipment of RSPO-Identity Preserved (IP) Certified sustainable palm oil to China, marking a milestone in advancing the country's sustainability agenda. SHANGHAI, Nov. 25, 2024 /PRNewswire/ -- Representing a significant milestone for the Chinese market, the very first shipment of RSPO Certified Sustainable Palm Oil (CSPO) arrived at the Shanghai port today. This pioneering

As US President-elect Donald Trump assembles his energy team with the aim of expanding oil and gas production in his second term, there may be pressure on allies to import US oil. However, South Korean oil companies, heavily reliant on Middle Eastern suppliers, might hesitate to switch to US crude, industry sources said Monday. Over the weekend, Trump tapped Chris Wright, CEO of Liberty Energy, a natural gas fracking company, as the secretary of energy, and North Dakota Gov. Doug Burgum to head

Hanwha has signed an MOU with TC Energy, one of North America's largest natural gas pipeline operators, to develop next-generation clean power solutions. Project aims to commercialize super-critical CO2 waste heat recovery technology in a pipeline compressor station providing zero-carbon electricity for on-site demand. SEOUL, South Korea, Nov. 22, 2024 /PRNewswire/ -- Hanwha Power Systems Co., Ltd. (CEO: Justin (Koo Yung) Lee) today announced that it has signed a Memorandum of Understa

The anniversary marks a year of achievement by Durabook, including introducing two rugged AI PCs, realising ATEX certifications, and deployment of a FirstNet Ready® S14I Rugged Laptop, amongst global enterprise deployments. TAIPEI, Nov. 20, 2024 /PRNewswire/ -- Durabook, along with its parent company Twinhead International Corp., is celebrating 40 years of pioneering innovation in electronic product manufacturing. This significant milestone underscores Durabook's dedication to creating pur