Tue 1 Jun 2010, 09:53 GMT

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.


Monjasa Oil & Shipping Trainee (MOST) trainees. Monjasa opens applications for global trainee programme  

Marine fuel supplier seeks candidates for MOST scheme spanning offices from Singapore to New York.

Singapore's first fully electric harbour tug. Singapore's first fully electric tug completes commissioning ahead of April deployment  

PaxOcean and ABB’s 50-tonne bollard-pull vessel represents an early step in harbour craft electrification.

Fuel for thought: Hydrogen report cover. Lloyd's Register report examines hydrogen's potential and challenges for decarbonisation  

Classification society highlights fuel's promise alongside safety, infrastructure, and cost barriers limiting maritime adoption.

Bureau Veritas and Straits Bio-LNG sign MoU. BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.

Molgas Energy logo. Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.

Yiannis Diamandopoulos, Elinoil. Diamandopoulos appointed CEO of Elinoil as Aligizakis becomes chairman  

Greek marine lube supplier announces leadership changes following board meeting on 5 January.

Sustainable Marine Fuel Services webinar hosted by BV graphic. Bureau Veritas to host webinar on sustainable marine fuel transition challenges  

Classification society to address regulatory compliance, market trends, and investment strategies in February online event.

Inchcape Shipping Services logo. Inchcape to provide bunkering services from new Indonesian offices  

Port agency establishes presence in key bulk and tanker operation hubs handling 150 calls annually.

CPN launch of B100 marine biodiesel supply in Hong Kong graphic. Chimbusco Pan Nation launches B100 biodiesel supply in Hong Kong  

Bunker tanker Guo Si becomes Hong Kong's first Type II certified vessel for pure biodiesel operations.

Vox Apolonia vessel. Van Oord completes Dutch beach replenishment using 100% bio-LNG  

Dredger Vox Apolonia deposited 1 million cbm of sand at Noord-Beveland beach under Coastline Care programme.





 Recommended