OILspace Achieves Key Dow Jones Newswires Accreditation

London, August 22, 2006

OILspace's, www.oilspace.com online energy market information and decision support portal, OILwatch, has become the energy industry's first to secure Bronze Level Vendor Accreditation by the internationally respected business and financial news provider, Dow Jones Newswires.

The accreditation acknowledges how well OILwatch delivers Dow Jones news to its subscribers alongside a dozen other global energy related news and pricing feeds. Trusted by thousands of buyers, sellers, traders, analysts and back-office personnel, OILwatch is produced by trading risk and supply chain solutions provider OILspace. Its CEO, Steve Hughes, welcomed the news.

"This is official recognition of what we've known for a long time: OILwatch is simply the best way for busy professionals to stay on top of the fast moving energy business. As the only energy sector company worldwide to achieve bronze accreditation we're proud to receive this rating from Dow Jones Newswires."

Michael Bergmeijer, vice president and managing director, international, Dow Jones Newswires, commented, "Information vendors like OILspace are key to making Dow Jones Newswires content available to those who need it. In granting Bronze Level Vendor Certification we're recognizing the degree to which the OILwatch service makes it quick and easy for people in high pressure jobs to access our content, and so help them in their critical, multi-million dollar investment decisions."

OILwatch is the industry's first completely Web-based service of its kind and the first to make real-time news and exchange prices available via mobile devices including PDA and BlackBerry. The service provides news on crude oil, natural gas, refined products, metals, LPG and petrochemicals and also includes feeds from NYMEX, ICE and Shanghai futures, Platts, Energy Argus, C1 Energy, NGI, OPIS, and Forex. OILspace offers complimentary trials of its OILwatch system at www.oilspace.com/eng/forms/free_trial.html.

To find out more information about OILwatch visit www.oilspace.com/eng/applications/energy.php.

The Dow Jones Certification Program is open to all information vendors carrying content from Dow Jones Newswires. The program aims to ensure a core level of functionality across all vendor terminals and products that distribute Dow Jones Newswires.

About OILspace:
OILspace is a leading global provider of real-time on-demand, web-based applications for oil, gas and petrochemical marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI).

About Dow Jones Newswires
Dow Jones Newswires is the world's leading independent provider of real-time business, financial, economic and market-moving political news and analysis. It delivers up to 12,000 news, commentary and analysis items a day to more than 435,000 financial professionals in 66 countries, via more than 80 market data vendors world-wide.

In addition to this, millions of people access selected Dow Jones Newswires content through various corporate Internet sites, electronic exchanges, corporate intranets, business information services and on a range of mobile devices. Dow Jones Newswires provides real-time news services in 11 languages.

Founded in 1882, Dow Jones Newswires has nearly 1,000 real-time editors and reporters worldwide, part of Dow Jones & Company's global news network of nearly 1,900 business and financial news staff. Dow Jones Newswires also draws on the resources of several of its media partners including the Associated Press and Nikkei.

Contacts:

OILspace US/ Canada
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046

OILspace EMEA PR Agency
Sage Partnership
info@sagepartnership.com
+44 1189 344007

OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075