Thu 22 Jul 2010 07:21

BP files lawsuit against former staff


Lawsuit filed for breach of contract against former fuel oil, marine fuel staff in Singapore.



A lawsuit for breach of contract has been filed by oil major BP against six former members of staff who formed part of the company's fuel oil and marine fuels teams in Singapore, according to industry sources.

The Singapore High Court has issued a writ of summons against six former BP employees who left the company in the last two months.

They include former BP global fuel oil trading head Quek Chin Thean and the former head of its marine fuels business in Asia, Clarence Chang. The names of Senior traders John Foo and Paul John Bradshaw are also said to be included in the court documents.

As many as 18 traders were reported to have left BP during a wave of resignations that extended internationally with traders leaving their posts at BP's offices in the United States and the UK in addition to trading desk and support staff in Singapore.

In the United States, BP's fuel oil trading desk was said to have been left with one derivatives trader following the resignation of Tim Gawne, fuel oil team leader, another physical trader and a third who traded derivatives. In the UK, London team head Chris Paine also resigned from his position.

Industry sources said in June that a number of former BP fuel oil traders would be joining Chinese trading firm Brightoil Petroleum. They included Quek Chin Thean, ex-Asia team leader Edmund Lau and U.S. fuel oil team leader Tim Gawne.

Other members of the trading team and support staff who left the oil major were also said to be joining Hong Kong-listed Brightoil.

Meanwhile, London fuel oil team leader Chris Paine, was said to be joining Vitol, whilst two ex-U.S. traders would begin working for Mercuria and Noble Group, sources said.

Earlier this month BP confirmed that it was carrying out an investigation into the reasons behind the resignations from its fuel oil trading desk and support team in Singapore.

The company has already replaced key staff in Singapore with the appointment of Marcus Cooper as new global fuel oil trading head. He was previously employed as the oil major's director of crude trading and was also in charge of BP's global gasoline trading operations in the United States.

The new head of BP's regional fuel oil desk is experienced trader Stephen Ng and the new leader of the Asia marine fuels division is Carlos Torres.

In addition to the three key appointments, BP has also moved two junior staff into the Asia fuel oil desk as traders, according to market sources.

BP has been the leading supplier in Singapore for the past seven years. Bunker sales in Singapore - the world's leading bunker port - reached a new record of 36.5 million tonnes in 2009 and are on course to break through the 40 million tonne barrier this year following sales of 20 million tonnes during the first six months of 2010.

The oil major is estimated to have a market share of approximately 10 percent of marine fuel sales in the city-state. It has also been a key player in the fuel oil cargo trading market for more than a decade.

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.

Stanley George, VPS Group Technical and Science Manager, VPS. How to engineer and manage green shipping fuels | Stanley George, VPS  

Effective management strategies and insights for evolving fuel use.

Sweden flag with water in background. Swedish government bans scrubber wastewater discharges  

Discharges from open-loop scrubbers to be prohibited in Swedish waters from July 2025.

The ME-LGIA test engine at MAN's Research Centre Copenhagen. MAN Energy Solutions achieves 100% load milestone for ammonia engine  

Latest tests validate fuel injection system throughout the entire load curve.

Terminal Aquaviário de Rio Grande (TERIG), operated by Transpetro. Petrobras secures ISCC EU RED certification for B24 biofuel blend at Rio Grande  

Blend consisting of 24% FAME is said to have been rigorously tested to meet international standards.

Avenir LNG logo on sea background. Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.

Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.

The world's first methanol-fuelled container ship, Laura Maersk. Methanol as a marine fuel | Steve Bee, VPS  

How environmental legislation has driven the development of low-sulphur fuels and methanol-ready ships.


↑  Back to Top