technician post

bagi sikit kantao to a fellow chem eng grad here

(^__^)

Try and go for an engineering position..
Say u got 3 yrs as technician..10yrs as engineer, in future u consider yourself as 13years experience..However, other companies wont!

I just got into Murphy. But now shell keeps calling me to attend the 3rd stage SRD interview. Should i go or jz stay at murphy? Bcoz it will be hard for me to apply for holiday to attend the shell interview bcoz i jz got into murphy. Any advise? Would it be a great loss if im not trying my luck with shell?

tell murphy your cat passed away and you need to give it a royal burial.

3rd interview? Go try 1st la..who knows your got better offer from shell

May I know how did u apply for fresh grad position in murphy. Through website career or hr email.

sounds alarming...should o&g workers be afraid?

It is quite obvious that downsizing/ laying off is happening in Malaysia but not on a large scale.

earlier last week, my friend from Mcdermott came to my company to sit for an interview.
Seems like most fabricator/ EPC companies arent getting enough job and start advising their employee to seek other opportunities elsewhere, same goes to Technip.

but the problem is, last year I can see more than 300 vacancies floating around the intranet but today, the number halved to only 150 positions across the world, and none in Malaysia.

The only safe company to be in right now would be the operator, they would be the last one affected by this unfortunate event.

Perhaps ur friend know my friend in McDermott KL too,

(^__^)

Sapura Kencana 2014/15 projects look promising. Their fabrication yard at lumut almost fully occupied on 2015.
Nway, time being I prefer to stay where I work now.

This post has been edited by BaRT: Oct 10 2014, 08:46 PM

How long do you think this going to happen untill the o&g stable again?

Guess those small time maintenance service provider should be ok..

-DELETED-

This post has been edited by undertaker123: Oct 12 2014, 07:52 PM

Is there any chance of people from telco industry with 10-15 years experiace to join OnG? IT yes , but Telco? I dont see anyway for telco people to penetrate the industry (mostly conquer by mechanical/chemical/structural/geological people)

I am not an analyst, though I wish I am. But as usual it is always a cycle:
Prices fall, production falls, costs fall, >>> demand increases, prices increase, production increases, costs increase and the commodity cycle begins anew.

Things might be different now: as recently the major fracking operation in US results to oversupply of crude oil and now US re-emerge into a major Oil producer in the world. The fracking from the shale oil technique in USA has been widely criticised for the damage it causes in a long term but in an economic standpoint, it yields the best result as of now. When we have an oversupply of crude, the price now should be cheaper; no longer above $100 per barrel which is detrimental to the cash flow of major Oil companies.

The OPEC usually acts as a stablising role of the oil price, they should agree on cutting down on the production. This will create less supply and in return will increase the price of oil, but would Saudi and these OPEC countries would want to cut down on the production?

Why would crude price > $100 per barrel be detrimental to cash flow of oil majors? I'm no analyst, still learning the ins and outs of the oil production business.

Also while OPEC cutting down production might tighten up supply, everyone is still talking about how China's demand for oil is slowing down significantly in the upcoming year which should put more pressure on the price of crude. At least from looking at things today, I don't expect crude oil pricing to go > $100 unless there's a major war somewhere.

Brent crude price already hit their four-year low under $90 per barrel last week. They need to control the price of Oil so that it compensate/balance the cash outflow of extracting the crude itself. It is not economical for a company to spend millions on operation only to be able to sell the oil in a very low price, at this moment.

The OPEC will have their next meeting on November 2014 and we shall see how the resolution for this cartel would be.

I think you missed a comma in your original statement, which I understood as "crude above $100 per barrel is detrimental to cash flow" which is definitely confusing. We're on the same page on this one.