Outline ·
[ Standard ] ·
Linear+
Oil & Gas Careers V6, Upstream and Downstream
|
SUSsupersound
|
 Feb 1 2015, 09:00 PM
|
|
QUOTE(em0kia @ Feb 1 2015, 08:57 PM) So you are saying that they are actually competing for clients so that when the market turns better, the one with more clients with earn more. i know this is a stupid question, but based on the example you give: If US decide to drop its production, how will it benefit US other than being able to increase its oil price/barrel? Nope, who ever drop production will be loser. At first, is US that trying to flood the market with shale oil, not OPEC. They want to get a bigger % of the cake, this is easier for them to manipulate the price. |
|
|
|
|
|
SUSsupersound
|
Feb 1 2015, 09:07 PM
|
|
|
QUOTE(em0kia @ Feb 1 2015, 09:03 PM) hmmm, is it because whoever produce lesser oil will increase demand ->increase in price-> client jump to the other side-> lose % in the market? Then why dont saudi straightly mass produce it to decrease its price below US shale oil price and bring their % to insignificance? The problem is, petroleum product's demand are lower now. Oil price drop too fast also no good for the economy. |
|
|
|
|
|
SUSsupersound
|
Feb 1 2015, 10:10 PM
|
|
|
QUOTE(em0kia @ Feb 1 2015, 09:28 PM) Okay, just to make sure i am understanding it correctly, saudi is trying to kill shale oil by offering lower price but not too low that they are not able to maximize the profit of every single drop of oil. Correct? haha What kind of ripple effect do you see?  They are trying to protect their ass  |
|
|
|
|
|
SUSsupersound
|
Feb 2 2015, 11:08 AM
|
|
|
QUOTE(carloz28 @ Feb 1 2015, 11:18 PM) Saudis production cost per barrel is only USD10 and shale oil operators's cost are estimated at USD50-80 to break even. Guess who dies first? Ripple effect? Those you see everyday are Lay-offs, business suffers, less expenditure and spending power. On a larger scale, currency wars, depreciation and economic recession. But some companies still keep on taking new employees  Then after that, retrenchments or probation period extended. |
|
|
|
|
|
SUSsupersound
|
Feb 8 2015, 01:24 AM
|
|
|
QUOTE(mohdyakup @ Feb 8 2015, 01:03 AM) Shell PD expansion? Or Shell MDS Bintulu expansion? Floor only involved in Shell PD's latest hydro treater project. SMDS already got Pearl GTL. |
|
|
|
|
|
SUSsupersound
|
Feb 8 2015, 11:11 AM
|
|
|
QUOTE(mohdyakup @ Feb 8 2015, 07:05 AM) Seems that you really know Fluor very well  Are you residing at Intermark or Manila office? Dont forget to say holla to me via Sametimes Know them thru my relative. But work quality are very bad if compare to WH group. Sand inside the pipe  |
|
|
|
|
|
SUSsupersound
|
Feb 8 2015, 12:41 PM
|
|
|
QUOTE(mohdyakup @ Feb 8 2015, 12:01 PM) What do you mean by work quality? For which project? EPCM is different in nature compare to other EPCC/EPCIC contracting. What is WH group? WH group is Wong Hing group or Warga Hikmat, very popular company for sub con works. Their price are always higher, next will be PEC which is quite good also. As said, Floor project in Shell is only the hydro treater. |
|
|
|
|
Quote
0.0688sec
0.53
7 queries
GZIP Disabled