Bp Singapore News

Oil major BP said Monday that its BP Singapore branch had delivered its ‎first carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan ‎‎(“CPC”), to the Yung An terminal in Taiwan in September 2021. The LNG was sourced ‎from BP’s LNG portfolio.‎"This is BP’s first delivery of carbon offset LNG in the Asia-Pacific region, following its ‎first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in ‎July 2021. This new carbon offset LNG offer strengthens BP’s natural gas offering in ‎the region…

Singapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP's Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.The long-term binding LNG sale and purchase agreement (SPA) is for the supply of about 0.8 million tonnes of LNG a year to Singapore, Pavilion and BP said in a joint statement. They did not give financial details.This is the third long-term deal that Pavilion, owned by Singapore state investor Temasek Holdings, has signed since November.

British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd. Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd, would be based in Singapore and provide ship fuel storage and sales. “Based in Singapore, one of the largest and busiest ports in the world, the joint venture will build out from its partners existing bunkering locations and activities. In addition to marine bunkering in Singapore, the joint venture will provide marine bunker sales in key global locations,” the statement said. The ports served by BP Sinopec Marine Fuels will be: Singapore…

BP Singapore kept its spot as a top marine fuel supplier by volume for the eleventh straight year in 2014 at the world's biggest bunkering port, the Maritime Port Authority of Singapore (MPA) said. MPA does not specify the volumes each supplier sells, but traders pegged the oil major's sales at around 400,000 tonnes a month, or about 10 percent of the country's monthly sales. Overall Singapore sold 42.4 million tonnes of marine fuel last year. This is slightly behind the sales volume achieved in 2013 at 42.7MT. Bunker traders sources have attributed the drop to more efficient use of ship-fuel systems, such as slow steaming and the slowdown of economic activities in Asia. While BP maintained its first position, the second to fifth positions remained unchanged from last year.

OW Bunker, suppliers and traders of marine fuel oil and lubricants, announce the appointment of Eric Hu as a new Branch Manager in its Hong Kong office. Mr. Hu previously spent two years as Market Manager for China/H.K. and ARA (Europe) at Brightoil Petroleum (Singapore) Pte Ltd. Prior to that he spent 14 years working for BP Marine in Taiwan and Singapore, where his last position was Market Manager for Singapore, Malaysia, Hong Kong and the Middle East in BP Singapore Pte Ltd. “I am delighted to welcome Eric to OW Bunker. He has a wealth of international and industry experience as well as a proven track record in managing and building successful business relationships. OW Bunker is one of the world's largest suppliers of marine fuel oil and related services.

Capital Product Partners L.P. (CPLP) attribute fourth quarter 2012 net loss to a US$43.2-million impairment charge. CPLP an international owner of modern tanker, dry bulk and container vessels has released its financial results for the fourth quarter ended December 31, 2012. The Partnership's net loss for the quarter ended December 31, 2012, was $35.0 million, including an impairment charge of $43.2 million, which is a non cash item, representing the difference between the carrying values and the fair market values of the M/T ‘Alexander the Great’ and the M/T ‘Achilleas’ on the date they were sold by CPLP to Capital Maritime in exchange for M/V ‘Archimidis’ and the M/V ‘Agamemnon' on 22, December 2012.