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Share Price: 510.40

Bid: 509.40

Ask: 509.50

Change: 0.00 (0.00%)

Spread: 0.10 (0.02%)

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Prev. Close: 510.40

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UPDATE: BP Investigating Resignation Of Oil Traders In Singapore

Thu, 08th Jul 2010 03:03

SINGAPORE (Dow Jones)--BP PLC (BP) is investigating the reasons behind the resignation of some of its traders in Singapore in the "last few weeks," a company spokeswoman said Thursday. The company will share more details in due course, the spokeswoman said when asked to comment on a report in the Business Times newspaper that as many as 18 traders, mainly from its Singapore fuel-oil trading operations, had resigned. The number of resignations involved is more than the usual attrition rate and comes amid some market talk of possible trading losses, the newspaper said, without giving details. "The part about trading losses is unfounded," the spokeswoman told Dow Jones Newswires. The Business Times report said the company has "re-staffed" and brought its operations back to normal. BP, which is under intense pressure to contain a disastrous crude oil spill in the Gulf of Mexico, has a large trading team in Singapore, and dominates parts of the regional oil market. In 2009, its local unit continued to be the largest marine fuel oil supplier in Singapore, the world's top bunking port by volume, according to the Maritime and Port Authority of Singapore. Last year 36.4 million tons of bunker fuel were sold to refuel ships in Singapore. In late May, traders said that several BP fuel-oil traders in Singapore had left, including team leader Edmund Lau. BP shares have tanked more than 40% following an explosion at the Macondo well, 80 kilometers off the Louisiana coast, in April that sank the Deepwater Horizon rig and triggered the biggest offshore spill in U.S. history. BP said that it captured about 24,980 barrels of crude from the underwater gusher on Monday, indicating that oil-recovery efforts have stabilized after high seas hindered its efforts late last week. -By Gaurav Raghuvanshi; Dow Jones Newswires; +65 64154 154; gaurav.raghuvanshi@dowjones.com (END) Dow Jones Newswires July 07, 2010 22:03 ET (02:03 GMT)

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January
Aberforth Smaller Companies Trust PLC	Full Year Results
abrdn Private Equity Opportunities Trust PLC	Full Year Results
Ecora Resources PLC	Trading Statement
GSK PLC	Full Year Results
ITM Power PLC	Half Year Results
NWF Group PLC	Half Year Results
Thursday 1 February
Airtel Africa PLC	Trading Statement
AG Barr PLC	Trading Statement
BT Group PLC	Trading Statement
Cranswick PLC	Trading Statement
Gem Diamonds Ltd	Trading Statement
Glencore PLC	Trading Statement
JTC PLC	Trading Statement
Rank Group PLC	Half Year Results
Shell PLC	Full Year Results
TClarke PLC	Trading Statement
Friday 2 February
YouGov PLC	Trading Statement
Monday 5 February
Home REIT PLC	Trading Statement
Porvair PLC	Full Year Results
Trident Royalties PLC	Trading Statement
Vodafone Group PLC	Trading Statement
Tuesday 6 February
Alumasc Group PLC	Half Year Results
BP PLC	Full Year Results
Filtronic PLC	Half Year Results
Mattioli Woods PLC	Half Year Results
Renishaw PLC	Half Year Results
Virgin Money UK PLC	Trading Statement

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

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UPDATE: BP Investigating Resignation Of Oil Traders In Singapore

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