News

OILspace and C1 Energy partner to deliver bilingual information on China's energy market on OILwatch
The first portal to release real-time energy news and data services in English and Chinese on desktop and handheld devices.

Singapore. 13 October 2005

OILspace (www.oilspace.com), a global industry leader in providing energy market information, content management tools, and supply chain management solutions to downstream energy companies, and C1 Energy, the leading publisher of China's energy market pricing and news, are pleased to announce an agreement to deliver C1 Energy market news, reports, and pricing data via OILwatch.

OILwatch, the world's first fully web-based energy market system, allows energy traders, suppliers and other professionals to log-on via the Internet for real-time and historical futures from NYMEX, ICE and leading industry publishers of news and pricing indices. Now, with C1 Energy market pricing and news being delivered in both English and Simplified Chinese languages, OILwatch is the first and only market data system to make C1 Energy news reporting available in Chinese. Additionally, OILwatch will be the only provider delivering China energy market's local news via PDA, a significant benefit to the mobile Asian energy professionals.

Shen Ping, the founding director of C1 Energy, said "We chose to partner with OILspace because of its leading technology and tools, and its understanding and support of the local Chinese market. With our market pricing and news, available in both Chinese and English, delivered in a very timely manner via OILwatch and PDA, OILspace offers unparalleled value to our local customers. The analytical tools available to OILspace clients across the globe also add value to our pricing data, delivering compelling market intelligence to bolster China's oil trading potential to the global marketplace."

Jensen Koo, OILspace Regional Manager, Asia Pacific, said, "We are delighted to be partnering with C1 as the premium Chinese energy market pricing and news provider. Reputable and timely information on China's petroleum market is essential to oil professionals across the world."

Mr. Koo emphasized OILspace's commitment to customers in the burgeoning Chinese market. "This is another activity that underpins our commitment to serving the Chinese marketplace. We have local Chinese offices with full support, a Chinese language corporate site (http://www.oilspace.com/chi), and Chinese language data delivery. This together with competitive pricing and unmatched mobility, makes us the market information portal of choice for hundreds of customers focusing on China's market."

For a limited time, interested parties can contact OILspace for a free two-week enhanced trial of the C1 Energy's China Oil Data pricing service via OILwatch.
Contact: cho@oilspace.com

About C1 Energy
C1 Energy ("C1") was the first independent and professional market reporting and pricing agency to be established in China. C1 began publishing, in both Chinese and English, on China's petroleum markets on a daily basis from August 2000. C1 is now recognized in the industry as the leading provider of market intelligence on China's petroleum markets. C1's international readers span 28 countries, and include all the international oil majors, and many key producers, refiners, trading and brokering houses, banks, fund managers, as well as global institutions like the International Energy Agency and OPEC. Please contact sales@c1energy.biz if you want more information.

About OILspace
Launched in 1999, OILspace® delivers supply chain and market information solutions to the world's top oil companies and employs over 120 staff in Houston, London, Singapore, Shanghai and Moscow. Clients produce, refine, market, ship and trade globally and rely on OILspace's expertise in complex physical oil, natural gas and petrochemical markets. OILspace is an applications developer and integrator with a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI) through adaptive, component, real-time web-based applications. (See our website, www.oilspace.com, for more information on our service-oriented architecture (SOA) and Energy Service Bus (ESB) real-time messaging platform.) Other OILspace applications include: ASPect Office , an integrated suite of front- and mid-office supply chain management applications; and TeamWorks, a collaborative system for efficiently buying, selling and shipping oil.

About OILwatch
Energy buyers, sellers, traders, and analysts rely on OILwatch as a trusted, single source to view critical news and pricing benchmarks essential for making minute-by-minute financial decisions. Critical news and pricing feeds include: NYMEX & ICE futures, Platts, Dow Jones Energy, Petroleum Argus, NGI, Forex data and more. Its intuitive interface allows users to easily browse through panels of market data to swiftly track, chart and forecast transactions; and identify risks, trends and profitable opportunities ahead of competitors. OILwatch is the single market data system that allows companies to save money traditionally spent on implementing, integrating and maintaining complex, multiple legacy systems. It's fully web-based with unparalleled service reliability, providing essential market visibility while in the office or traveling via handheld wireless PDA and BlackBerry devices.

Note:
C1 Energy content on OILwatch:

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