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BP Marine to cease bunkering in US, Panama

Oil major confirms that it plans to withdraw from Houston, New York, Offshore Gulf of Mexico and Panama.





Updated on 27 Jan 2015 11:25 GMT

BP Marine has confirmed that it has decided to cease its bunkering activities in Houston, Offshore Gulf of Mexico, Panama and New York.

In a statement, the oil major said that the decision had been made "following a wider review of our portfolio".

BP confirmed that it intends to cease bunker supply operations in Panama, Houston and New York in the first half of 2015 and Offshore Gulf of Mexico during early February 2015.

"We have been committed to these markets for a long period of time and have not taken this decision lightly," BP Marine stated.

BP Marine's presence in the Americas currently covers the US East Coast, US Gulf Coast, the Gulf of Mexico, the US Pacific Northwest and Panama.

In New York, BP Marine has been carrying out barge deliveries of 500 centistoke (cSt) RMK 500 intermediate fuel oil (IFO), 380 cSt RMG 380, low-sulphur DMA-specification marine gas oil (MGO) and other IFO blends.

In Offshore Gulf of Mexico, BP Marine has been supplying RMG 380 and DMA MGO by barge.

In the US Gulf Coast ports, BP Marine has been carrying out deliveries of RMG 380, RMG 180, DMB marine diesel oil (MDO) and MGO at Barbours Cut, Bolivar Roads, Galveston/Texas City and Houston.

In Panama, the oil giant has been supplying RMG 380 and DMA MGO to clients in Balboa and Cristobal by barge.

Meanwhile, in the US Pacific Northwest, BP Marine supplies low-sulphur DMB MDO and DMA MGO by barge to customers in Anacortes, Vendovi Island, Port Angeles, Tacoma and Seattle.

Earlier this month, the Maritime and Port Authority of Singapore (MPA) confirmed that BP Singapore Pte Ltd had been the leading supplier by volume in Singapore last year. The company has maintained its position as leading supplier at the world's biggest bunker port since 2003.






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