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BP Americas, Inc. LNG Originator - North America in Houston, Texas

124097BR

Job title:

LNG Originator - North America

Req ID:

124097BR

Relocation available:

Negotiable

Travel required:

Yes - up to 10%

About BP:

TRADING & SHIPPING

Our purpose is to bring together people, energy and markets to power and navigate a changing world.

In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.

Join us and help us achieve these goals by:

• developing and continuously evolving a globally diversified portfolio that accesses new markets, commodities and commercial opportunities

• collaborating with our business groups to provide innovative commercial and marine solutions that add value to bp’s assets and flows

• delivering high-quality earnings and creating an organisation that is swift to identify and optimise market insights

• navigating a new era of energy for our planet, by sea

• acting with respect and integrity at all times, with the people we work with and the markets we operate in

• maintaining a comprehensive, rigorous and holistic risk control framework that ensures we operate in a safe, compliant and efficient way at all times

• empowering the deep expertise and leadership of our people

Job Family Group:

Supply & Trading Group

Legal disclaimer:

If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test(and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)

As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at BPUSApplicationAssis@bp.com ; or by telephone at 281.366.1999.

Read the Equal Employment Opportunity is the Law poster (http://www.bp.com/content/dam/bp-careers/en/PDF/careers-bp-us-eeo-is-the-law-english.pdf) and the poster supplement (http://www.bp.com/content/dam/bp-careers/en/PDF/careers-bp-us-eeo-is-the-law-supplement-english.pdf) - for more information about Equal Employment Opportunities. (Spanish version (http://www.bp.com/content/dam/bp-careers/en/PDF/careers-bp-us-eeo-is-the-law-spanish.pdf) )

BP is an equal employment opportunity and affirmative action employer. View our policy statement (http://www.bp.com/content/dam/bp-careers/en/PDF/careers-bp-us-eeo-policy-statement.pdf)

Job Profile Summary:

Responsible for managing a large team to identify opportunities to grow bp's business, contributing to strategic development, delivering comprehensive commercial operations support and facilitating the implementation of strategic priorities to optimize the team's financial performance.

Time Type:

Full time

Country:

United States of America

Location:

United States - Texas - Houston

Job Advert:

bp is seeking a dynamic individual with LNG regional experience and deal-making capabilities to join our LNG origination team.

bp’s LNG Book is a world class global Liquefied Natural Gas (LNG) business. bp has term and spot supply contracts in North America, Africa, the Caribbean, the Middle East, Asia and Australia. bp has announced a strategy to grow its LNG business to 30 mtpa by 2030 and the LNG Book continues to develop new supply and sales opportunities in line with this objective.

The role of the LNG Book within bp’s trading and supply business is to:

  • Optimise the utilisation of bp’s LNG assets including supply contracts, shipping and market access rights.

  • Ensure bp’s market and supply commitments are met in the most effective way.

  • Provide liquidity to bp with regard to monetisation of upstream gas.

  • Enhance risk management of existing and planned LNG positions.

  • Capture trading value added through continuation and development of the merchant trade.

  • Effectively integrate both downstream and upstream sectors of the Gas Value chain to maximize group value.

The Atlantic LNG origination team is based between Houston and London covering European, African and American markets. It is responsible in the LNG Book for establishing and implementing the strategy for origination and marketing of bp equity and merchant LNG contracts in these regions. It is also responsible for the execution of contracts relating to short-term and mid-term trading activity carried out by the LNG trading and portfolio teams.

As LNG Originator you will be expected to engage effectively with assigned market counterparts and with bp LNG traders and originators, in-country commercial teams, LNG deal structurers and analysts, LNG operations and shipping, as well as bp legal, credit, and other functions.

Key accountabilities

  • Screen assigned markets in the Americas and maintain a robust hopper of opportunities for mid- and long-term sales and purchases in line with the LNG Book strategy.

  • Develop and manage relationships with counterparties in those countries. Make Key Terms proposals, progress buyers and sellers to detailed HOA negotiations, and negotiate and execute LNG SPA agreements.

  • Promoting bp access to spot and short-term LNG trading opportunities through negotiation, conclusion and implementation of MTAs and CNs, and ongoing management of MTAs.

  • Delivering commercial terms and secure binding commitments (prices, flexibility, shipping etc).

  • Acting as contract manager for executed SPAs as are assigned.

  • Working with Gas & Low-Carbon teams to maximize the value of bp's equity LNG and downstream positions.

  • Ensuring understanding and adherence to bp policies, trading compliance policies and standards, and to its Code of Conduct.

  • Supporting the LNG trading and portfolio teams in making offers or bids in the spot and mid-term markets, including participation in tenders.

Essential experience and job requirements

  • In-depth knowledge of LNG industry to engage with LNG counterparts and develop deals among a range of counterparts

  • Understand value drivers and identify counterparty perceptions of value

  • In-depth experience in understanding and negotiating LNG contracts

  • Strong record of commercial delivery and sound commercial decision-making

  • Understand risk and identify contractual mitigations, judging the trade-off between risk and return

  • Flexible and commercially focused, with a keen interest in trading and contracting

  • Open communication style and ability to build and nurture internal and external relationships

Desirable criteria and qualifications

  • Minimum of 5+ years of experience in LNG trading and/or origination activities

  • Experience in LNG and/or gas project development

  • Experience in oil & gas upstream activities

  • Fluent in Portuguese and/or Spanish

  • Experience in project financing

#LI-MH2

Experience Level:

Senior

Entity:

Trading & Shipping

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