http://www.akersolutions.com/Global-menu/M...Value-Creation/

Major restructuring for Aker Solutions. It will split into two diff companies. Looking at the current scene in the industry, we better embrace the 'bad weather' incoming.

Wish us all in this boat the best of luck.

Fearing of what gonna happen next, I went to Singapore earlier this week and starts submitting my resume by hand to major oil companies operating there.

this pressure pumping is a unique coil tubing operation mainly provided by SLB and BHI. Pressure pumping mainly used during the early completion of well and also during the remedial job. If I am not mistaken. they are used to enhance production by creating fracture alongside the wellbore: greater penetration into the producing zone.

Lucky that I saw this here, almost forgot to pay a visit there. Anything interesting that I should check out tomorrow?

Ive been meaning to learn more about OneSubsea here in Malaysia, and why cant I see Aker and Subsea 7 in the exhibitor list?

You can venture into consulting firm.

Accenture have their Oil and Gas division. You can try there
I was interviewed for SBC Schlumberger Business Consulting. yes they prefer someone with MBA as for the SBC case.

It is good that you are willing to take up the technical position. Most of the times, the HR of the company will consider moving you around ( change department/ promoted to engineer) after a year of employment. ( subject to discussion with your department manager.) Its Baker Hughes, you have a lot to learn and vast opportunity to grow from inside the company itself.

If you have another option of job offering you an engineering position with better prospect, then you should know which one to choose.

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.

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?

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.

anyone here received an email from Baker Hughes recruiter (Hirevue) for the digital interview? Graduate Field Engineer position.

kindly shed me some light on the type of questions as this would be the first year BHI implemented this new way of interviewiing.

I have a traumatic experience of phone intvw with SLB last year, and I wish I will not f*ck this up.

I am not trying to sound like a grumpy old man but sayang, life is unfair. I dont see the point of us here circlejerking on these people that use 'cable' to be where they are. The discussion brought us nowhere except to the same very place we are right now.

The wayforward now is to build yourself your cable. Get in the industry from any means you can, you can try from the below; sub vendor company, small/medium oil and gas enterprise and build your network from then on. slowly but surely. Once you are up there, you have a firm grasp of understanding on the business since you went through greater experience than the 'fast-tracker'. And now you can start helping your family/distant relatives/your friend's son/ your classmates even that are trying to get in the industry.

“The only time you look in your neighbor's bowl is to make sure that they have enough. You don't look in your neighbor's bowl to see if you have as much as them.”
― Louis C.K.

This post has been edited by mouthpoop: Nov 7 2014, 09:43 AM

I am actually excited to see how this will evolve.
The merger of two largest service companies in the industry.

Though I am still in the recruitment process of one of this companies, I wish they will agree to come out with something productive.

http://www.reuters.com/article/2014/11/13/...N0IX2HZ20141113

This post has been edited by mouthpoop: Nov 14 2014, 02:35 PM

Heard the process still in their early stage.
Most US oil firms are shedding thier assets overseas due to the recent boom of shale-gas in US.

Any chance SapuKencang will manage to buy the billions asset from Murphy?

Thank you, I went through it and received their email last week on the confirmation of candidacy. I was just curious on the status since Hali just bought BHI recently on a deal.

No worries, keep on working on the MRT. Soon when the tender for Singapore-KL train is awarded , jump into the company that won the tender, learn as much as you can.
Oil n Gas business is experiencing their gloomy days I must say. Lots of Merger and Acquisition happening, not saying that it is bad, but there is an uncertainty on what gonna happen in a year from now if the oil price is in the current level.

maybe we can continue this in the PM.
Received invitation for intvw 29-oct-14, i did it on the same day. and received another email stating my status on the 20-Nov-14. The results whether I make the cut or not will be announced in December, based on the last email from BHI.

Good luck to both of us.

The news already break in the houston that BH is cutting a huge chunk of jobs in the logisitc and administration. there are overlapping of business since the merger and they are shedding off the extra baggages.

Sigh, just when I thought I have a bright chance to get into the service companies, the economy isnt helping pulak.

Anyway, quite interested with the backbreaking work you are suggesting. Mind to PM me the info. Thanks

Come to IPTC tomorrow, its their last day of exhibition. Quite a lot of companies from mid to large size set up their booth this year.

No one can say 'NO' to Free food, freebies and connections.