Rogaland, Norway
I am a highly accomplished, experienced and diligent oil industry professional with 34 years’ experience in energy trading/operations/economic analysis with a proven record of success in the ethical and successful management of multi-million dollar deals. Throughout my career I have demonstrated a high level of initiative and advanced decision making skills alongside a natural flair for negotiation on the international stage; swiftly building productive working relationships with all relevant stakeholders. On a daily basis I utilise my in-depth oil market knowledge to maximise the value gained from assets while appropriately managing risk and exposure in order to safeguard future operations and maintain ongoing compliance with legislative requirements. I am a self-motivated, ambitious and versatile team player with a robust background in the marketing / trading of physical oil, supply of crude oil and other feedstock to refineries and optimisation of storage assets including risk managing / trading around these assets. I am always keen to explore new opportunities for growth and professional development and am open to relocation.
The same type of tasks that was previously done in my almost 9 years as an advisor in crude oil operations in Stavanger, Norway. In addition, arbitraging crude oil barrels to and from US from other regions.
Working with crude oil logistics speaking to customers, terminals, shipping, etc to make sure that we operate in a safe, efficient and timely manner. Also working with other feedstock operations.
Trader in Crude Oil Trading Team, Stavanger; January 2015 to Oct 2015 - Working on different project for management such as bunker fuel, looking for storage opportunities, back-up for North Sea crude oil and feedstock traders Senior Feedstock Trader; October 2013 to December 2014 - Accountable for the supply and trade of feedstock and other components for Statoil’s own Mongstad refinery system in NWE and for the sale of VGO from Kalundborg refinery Feedstock Trader; September 2011 to October 2013 - Undertook primary duties in buying / arbitraging feedstock, HSSR/HSVGO from Baltics / Black Sea to US East Coast refineries which Statoil supplied in Delaware, USA - Worked within a two person team to supply two US refineries with feedstock, mainly Straight Run Fuel Oil but also VGO; arbitraging approx. 16m barrels of high sulphur straight run per year over two years from Europe to the US - Successfully generated $12m USD in the first year and $15m USD in the second (including VGO which was supplied either with arbitraged / domestic barrels) Trader in Fuel & Bunkers Trading Team; July 2010 to August 2011 - Supplied bunkers to approx. 50 vessels which were on time-charter and sold bunker fuel from Statoil refineries to vessels loading / discharging at their terminals / refineries - Generated $2m USD per year from marketing bunkers from Mongstad refinery - Involved in discussions of hedging bunker flat-price, assessing term physical vs spot supplies in specific locations Short Term Crude Oil Normprices Project; March 2010 to June 2010 - Forecasted most likely changes to crude oil normprices (Norwegian crude oil taxation prices) and their resultant consequences / impacts / opportunities posed to various Statoil trading books
- Worked within Crude Dept. of Risk Management Group as an expatriate with responsibility for the management of Statoil’s Dated Brent exposure (quoting CFD market to all internal units) and for overseeing the physical BFOE market on behalf of refineries and arbitrage business (i.e. VLCC’s of Forties to Asia, US) - Traded paper derivatives such as CFD’s, EFP’s, DFL’s and time spreads and risk managed Statoil’s overall dated Brent Blend exposure and part of their storage volume - Handled physical BFOE cargoes and held involvement in term business and creation of outlets for BFOE grades
Trader in Crude Dept. in Stavanger; August 2005 to August 2008 - Traded and marketed Statoil North Sea crude oil cargoes and 3rd party barrels (Russian Urals cargoes, North Sea crude oils) in NWE / Med and supplied company’s own refineries (Mongstad and Kalundborg) with own equity / 3rd party barrels (Duc, BFOE grades) during this time period - Held shared responsibility for between $12m and $16m USD crude feed stock optimisation vs running own base crude slate - Traded paper such as time spreads and Brent flat-price when covering hedging of internal stored volume Trader in Processing Dept.; October 2000 to July 2005 - Supplied Processing deal partner with physical crude (operating own mini LP-model) traded crude oils such as Urals, Kirkuk and Iranian Heavy - Hedged processing deals refinery margin exposure trading product cracks, CFDs and DFLs - Forward risk managed Statoil’s own refineries (Mongstad / Kalundborg and their share in Pernis refinery) exposure using a more strategic approach such as ROCE (return on cap employed) and traded cracks, options on margins - Proactively traded forward refinery margins exposure (often with 2 years forward view as length of processing deal) - Made pivotal decision to hedge 100% of forward margin exposure in 2003 for 2004; successfully making $10m USD on paper 6 month Training Program at Mongstad Refinery; April 2000 to September 2000 - Responsible for feedstock to the crude unit, cat cracker, cooker and bunker blending for part of this period