SINGAPORE (Reuters) – Oil major BP is restructuring its trading unit into a leaner and nimbler outfit in the face of eroding profits, the head of the unit says in an internal document obtained by Reuters on Friday.
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BP to restructure trading arm amid profit erosion
Posted on 08 October 2010.
Posted in Stock market - EuropeComments (0)
Energy: A sea change needed
Posted on 07 October 2010.
Energy: BP’s new head has vowed to strengthen a safety culture blamed for causing the Gulf of Mexico oil spill; the group’s survival depends on him getting it right
Posted in Commodities, EnergyComments (0)
BP CEO says may sell Vietnam assets to TNK
Posted on 04 October 2010.
NEW DELHI (Reuters) – BP may sell its main Vietnam assets worth around $1 billion (631 million pounds) to its Russian joint venture, TNK-BP , without inviting other parties to bid, Chief Executive Bob Dudley said on Monday.
Posted in Stock market - EuropeComments (0)
Distance not a factor in BP claims
Posted on 04 October 2010.
The official in charge of managing claims related to the BP oil spill said Monday that distance from the disaster site will not prevent legitimate claims from being processed.
Posted in Stock Market, US Markets, US NewsComments (0)
BP to cut assets in Gulf of Mexico
Posted on 02 October 2010.
BP is looking to reduce the number of operatorships it holds in the Gulf of Mexico as part of a move to cut its capital spending and rebalance its portfolio of assets in the wake of the Macondo oil spill
Posted in Commodities, EnergyComments (0)
BP pledges Gulf of Mexico oil fields to spill fund
Posted on 01 October 2010.
LONDON (Reuters) – BP, which faces U.S. opposition to drilling for oil in the Gulf of Mexico, named fields there that it will use to help finance its $20 billion fund for victims of the worst oil spill in U.S. history.
Posted in Stock market - EuropeComments (0)
Timeline: Bob Dudley
Posted on 30 September 2010.
Key moments in the life of Bob Dudley, BP’s new chief executive
Posted in Commodities, EnergyComments (0)
BP shakes up management in wake of spill
Posted on 29 September 2010.
BP announced a management shake-up Wednesday in the wake of the Gulf oil spill, including the creation of a new unit to manage safety and operational risk and the departure of an executive in its exploration and production unit.
Posted in Stock Market, US Markets, US NewsComments (0)
BP creating new safety unit in restructuring
Posted on 29 September 2010.
LONDON (Reuters) – BP said it was to fundamentally restructure itself in the wake of the Gulf of Mexico spill, creating a new safety unit, reviewing incentives it offers managers, and splitting up its core upstream unit.
Posted in Stock market - EuropeComments (0)
BP Capital Markets sells $3.5 billion of debt
Posted on 29 September 2010.
NEW YORK (Reuters) – BP Capital Markets sold $3.5 billion (£2.21 billion) of debt in two parts on Tuesday, said IFR, a Thomson Reuters service.
Posted in Stock market - EuropeComments (0)
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