News
BP Singapore Chooses OILspace's OILwatch For Real-Time Energy Market InformationSingapore. 6 October 2005
OILspace®, a global industry leader in providing energy market information, content management tools, and supply chain management solutions, announced today that BP Singapore Pte Limited has selected OILspace's Web-based portal for real-time, aggregated energy prices, news and analytics. OILwatch is being rolled out to BP professionals throughout the Asia Pacific region.
OILwatch runs on any internet-enabled machine including wireless devices such as BlackBerry and XDAs. OILwatch delivers true real-time NYMEX, ICE futures and Forex ticks, and news from benchmark sources including Platts, Dow Jones, Petroleum Argus and C1 Energy. Prices and news are delivered live, changing simultaneously with the market. A sophisticated data algorithm delivers only changes to the display to keep data transfers to a minimum.
The Desktop Manager, for Gas, Renewables and Supply & Trading, BP Singapore Pte Limited, said "With OILwatch, our traders are now able to track and analyze energy markets at any time, anywhere, on any device. You can't underestimate the importance of this market freedom for our team, who can always remain on top of the global energy markets."
Jensen Koo, OILspace Regional Director, Asia Pacific, said, "We are delighted to be delivering the BP team the freedom to check the markets when and where their job demands. The dynamics of the Asian energy market necessitate that traders often need to check the status of the market at irregular times. OILwatch gives them this solution."
Mr. Koo also emphasized OILspace's commitment to the Asia Pacific market place. "We have local offices in Singapore and in China, with full support and local knowledge, a Chinese language corporate site (www.oilspace.com/chi), and local language market data delivery. This together with competitive pricing and unmatched mobility, makes us the market information of choice for hundreds of customers across the Asia Pacific region."
OILspace provides more information at www.oilspace.com/eng/applications/energy.php and offers 14-day trials at no cost at www.oilspace.com/eng/forms/free_trial.html.
About BP Singapore Pte
BP in Singapore, with the Country's strategic, progressive and pro-business environment, has enjoyed rapid growth since it started operations in 1964. Its main business activities include Oil, Gas & Chemicals Trading, Shipping, and Lubricants, Aviation fuel and Marine fuel marketing. Within the lubricants business, BP also markets under the Castrol and Duckhams brands. In addition to these business sectors, BP Singapore provides a wide range of knowledge-based functions and services to the Group's diverse range of activities in the Asia Pacific Region. Legal, Tax, Finance, IT, HR, Audit and Security all have centres of expertise in Singapore. BP provides a well-known brand and has built a reputation for excellent product quality and reliability.
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.
Contact:
OILspace US/ Canada
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046
EMEA PR Agency
Kevin Fiske
kevin@sagepartnership.com
+44 1189 344007
OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075
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