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 Oil & Gas Careers V6, Upstream and Downstream

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em0kia
post Jun 13 2014, 04:43 PM

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hello! laugh.gif

Sorry for this long long question ya, but i know this is the only place that has professionals that knows the engineering market flex.gif
I am an engineering student who is sponsored by a company to study in an university. i would say that my academic results is above average and i involved in a lot of events and clubs activities.

So recently I was bothered by my future. FYI, I have undergone a practical training with the company that sponsor me (a quite reputable palm oil plantation-based company) during my sem break and for the coming internship, I am sure that i will be called to undergo my internship there.

However, as a student from this university who has great connection with OnG companies, I also stand a high chances of entering OnG companies, and I know that OnG has far higher pay and more benefit to employees.

I am hesitating right now. the main factor that I am seeking at now are High pay/Attractive bonuses, Career development (climb up the ladder) and networking. But I am also interested to know if staying in palm oil factory for years is a good investment for a high pay job in palm oil field.

Sifu, help help sad.gif

This post has been edited by em0kia: Jun 13 2014, 04:44 PM
em0kia
post Jun 14 2014, 04:10 PM

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QUOTE(NewbieBetta @ Jun 14 2014, 10:27 AM)
Plant manager for palm oil factory located at secluded area have high pay too. It can be on par with offshore pay.
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Hmm, secluded area? is it within Malaysia? mind telling more about it? hmm.gif
em0kia
post Oct 23 2014, 08:47 PM

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Guys, I will be undergoing my internship next year from Jan 2015 til August 2015. Mech Eng based above average student willing to be allocated to any places in Malaysia. Lowyat OnG sifus/HR, if you so happen to seek for interns/potential employees, pleaseeeeeeeeee inform me!!! Highly energetic and ready to serve your company!!!
em0kia
post Oct 24 2014, 03:26 AM

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QUOTE(kaizoku30 @ Oct 23 2014, 10:40 PM)
UTP student?
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Yeap tongue.gif You also?
em0kia
post Oct 24 2014, 02:12 PM

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QUOTE(sho3lace @ Oct 24 2014, 11:34 AM)
uni mana lagi intern 7 bulan selain utp?
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UTP longest smile.gif I love about this because UTP force the students to go out and gain as much practical experience as they could so that they are competitive in the engineering market.
em0kia
post Feb 1 2015, 07:39 PM

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Hello OnG peeps! biggrin.gif
I have read some your post. I know some technical stuff but i am completely zero in politics sad.gif
May i know why will oil price rise if Saudi lose? I thought killing US is the reason why Saudi set the oil price so low?

em0kia
post Feb 1 2015, 08:57 PM

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QUOTE(supersound @ Feb 1 2015, 08:33 PM)
US has no money already after they extended QE for few times. QE won't solve economic issues, rather than make it worst.
That's why US try to flood the market with shale oil.
To make it simple, now is fight between US and Saudi. Both are having 4 customers(just example) with each taking 100 barrel.
As the price of crude oil are based on supply and demand, with current situation, the price sure will come down if both of them refuse to drop the production. But either US or Saudi dropping the production, like US dropping 100 barrel, meaning they will lose 1 customer. So this customer will buy from Saudi with the same price. When the demand rises due to market demand, Saudi will gain extra profit as they have 5 customers while US only has 3.
This is what Saudi sees already and the main reason production still maintain despite of weak demand.
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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?

And right now if saudi decide to sell the same price as US, how will saudi defeat US? since both of them will have business.

This post has been edited by em0kia: Feb 1 2015, 08:58 PM
em0kia
post Feb 1 2015, 09:03 PM

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QUOTE(supersound @ Feb 1 2015, 09:00 PM)
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.
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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?
em0kia
post Feb 1 2015, 09:28 PM

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QUOTE(carloz28 @ Feb 1 2015, 09:10 PM)
Cannot. Saudis have to play this delicately. Mass production kills the small players yes, but at the same it will also drain their own reserves.

It's a dangerous ground they are treading now. In the end, it's a question of whether who has the largest cash to last the lap.

Bleak time for oil and gas industry. The ripple effect will come soon.
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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? hmm.gif

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