Tue 1 Jun 2010 09:53

BP resignations extend globally


Fuel oil traders resign in the US and the UK as the list of departures in recent weeks increases.



Resignations at BP Plc's fuel oil trading team have extended internationally following reports that traders at the oil major's offices in the United States and the UK have also resigned in recent weeks.

BP's fuel oil trading desk in the United States is reported to have been left with one derivatives trader following the resignation of Tim Gawne, fuel oil team leader in the United States, another physical trader and a third who traded derivatives.

Meanwhile, in the UK, London team head Chris Paine is understood to have left the company around a month ago, with six other traders still continuing to work on the team. Paine, aged 30, was said to be BP's youngest team leader when appointed two years ago.

News of the resignations in the United States and the UK have come to light following reports last week that five fuel oil traders in Singapore and four support staff left their jobs last Wednesday following the resignation of global fuel oil head Quek Chin Thean the previous week.

The departures in Europe and North America bring the total number of resignations to 14 worldwide.

The reason for the resignations is currently unclear. BP has thus far declined to comment on the matter, stating that the company does not comment on staff moves and related issues.

As a consequence of the resignations of its Singapore fuel oil team, BP's marine fuels division at the city-state was reported to have not offered spot bunkers on Wednesday and Thursday. But it has since resumed offers of marine fuel on Monday following the Vesak Day public holiday on Friday, market sources said.


Lease agreement between Inter Terminals Sweden and the Port of Gothenburg, signed on July 1st. Pictured: Göran Eriksson, CEO of the Port of Gothenburg (left) and Johan Zettergren, Managing Director of Inter Terminals Sweden (right). New Gothenburg lease an opportunity to expand green portfolio: Inter Terminals  

Bunker terminal operator eyes tank conversion and construction projects for renewable products.

Map of US Gulf. Peninsula extends US Gulf operation offshore  

Supplier to focus on Galveston Offshore Lightering Area (GOLA) in strategy to serve growing client base.

The M/T Jutlandia Swan, operated by Uni-Tankers. Uni-Tankers vessel gets wind-assisted propulsion  

Fourth tanker sails with VentoFoil units as manufacturer says suction wing technology is gaining traction.

Port of Gothenburg Energy Port. Swedish biomethane bunkered in Gothenburg  

Test delivery performed by St1 and St1 Biokraft, who aim to become large-scale suppliers.

Image from Cockett Marine Oil presentation. Cockett to be closed down after 45 years  

End of an era as shareholders make decision based on 'non-core nature' of Cockett's business.

Petrobras logo. Petrobras confirms prompt availability of VLS B24 at Rio Grande  

Lead time for barge deliveries currently five days.

Opening of the IMO Marine Environment Protection Committee (MEPC), 83rd Session, April 7, 2025. IMO approves pricing mechanism based on GHG intensity thresholds  

Charges to be levied on ships that do not meet yearly GHG fuel intensity reduction targets.

Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.

Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.

Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.


↑  Back to Top


 Recommended