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 Oil & Gas Careers V6, Upstream and Downstream

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SUSsupersound
post Aug 27 2014, 01:27 PM

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Try Middle East countries, they are offering high salary in O&G.
SUSsupersound
post Oct 20 2014, 02:37 PM

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QUOTE(noruazumi @ Oct 20 2014, 10:11 AM)
It was reported that there was a fatal accident happened at Rig E-104 (Chemingat Rig? anyone?). 2 crews were working on the life boat when the life boat suddenly fell off 35m onto the sea. Both were found dead by the rescue team.
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Most of the time such company will cover it up.
SUSsupersound
post Oct 21 2014, 06:19 PM

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QUOTE(noruazumi @ Oct 21 2014, 09:21 AM)
Stay safe, guys.
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Safety means nothing, as this shall be coming from heart.
SUSsupersound
post Nov 15 2014, 01:04 PM

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QUOTE(BillySteel @ Nov 15 2014, 12:34 PM)
Murphy has already sold 30% stake of Malaysian assets to Pertamina.

Unlikely for SKPetro to make a bid as with Newfield they are already cash straped and heavy in debt.

Now is probably a right time to buy oil assets for cheaper price but a double edged sword if oil prices remains at its current price for longer than a year.
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Try visit Middle East country's refineries first whistling.gif
Is our Kerteh's refinery big? In Malaysia maybe yes. But once you put your feet in ME, they are just small boys.
Now O&G business are not easy to do especially with those mega refineries being built.
SUSsupersound
post Nov 16 2014, 12:50 AM

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QUOTE(ch_teo @ Nov 15 2014, 10:47 PM)
agreed. and they hire qualified and competent expats to become or achieve world class standard.
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If really want to work in O&G, ME is the place.
SUSsupersound
post Nov 16 2014, 11:12 AM

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QUOTE(theonlyvin @ Nov 16 2014, 01:23 AM)
Hello guys, Any QS (Quantity Surveyor) or Contract Administrator working in this field?
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Not an easy job for this.
SUSsupersound
post Nov 16 2014, 01:44 PM

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QUOTE(theonlyvin @ Nov 16 2014, 01:41 PM)
Hello, u mean this job is not easy in this field or this job basically is not easy in every field? Thanks for the info bro
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Surveyor's job is to climb tank, take sample and measurement.
And no day and night, worst than shift workers.
SUSsupersound
post Nov 29 2014, 02:52 PM

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QUOTE(fzul07 @ Nov 29 2014, 01:03 PM)
Is Chiyoda Malaysia is a good o&g company to work for?
I mean in terms of environment, experience and benefit..
Thanks..
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Chiyoda is a sub con serving O&G companies.
SUSsupersound
post Dec 2 2014, 11:37 AM

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QUOTE(ethanpoh @ Dec 2 2014, 11:14 AM)
I heard THHE has started their retrenchment exercise today.. anyone can confirm this unfortunate news?
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Are you sure just THHE?
There will be more related to O&G in the pipeline.
Unfortunate? Not really, as O&G companies in the world are giving the most benefits.
Economy are good, they can recruit and create all those useless departments.
Economy bad, close the department down sweat.gif
Sometimes to really survive in O&G companies, just paper alone won't give 100% job security. You need to have real technical skills to support.
But not to worry much, if you have work experience and paper, can always try in Middle East countries. Saudi pay are lower, but cost of living are lower at the same time. Qatar not bad, but cost of living slightly higher. Best of all, tax free.
SUSsupersound
post Dec 2 2014, 02:20 PM

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QUOTE(ZZMsia @ Dec 2 2014, 01:50 PM)
If not mistaken, Saudi especially their client company Aramco pays the best salaries in the middle east.. THHE would be retrenching as most of their work is labour intensive thus with lack of projects can't sustain operations.. not due to some "useless" departments..
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In every big companies in the world, adviser and HR department are the most useless departments.
SUSsupersound
post Dec 3 2014, 05:08 PM

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QUOTE(feekle @ Dec 3 2014, 04:12 PM)
safety department sucks alot of money also worrr
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Primary target, HR and adviser post
Secondary target, safety department
SUSsupersound
post Dec 3 2014, 08:47 PM

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QUOTE(BillySteel @ Dec 3 2014, 08:39 PM)
I think the HR and advisors are the last to be retrenched.

Who else is going to do payroll and VSS etc... if got no HR. Advisors are valuable hence advisors.

First to go are frontline, direct hires and contractors.
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Sub it out, this is what HR likes to do.
Cut 1 HR manager = 10 operator's salary.
SUSsupersound
post Dec 11 2014, 11:17 PM

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QUOTE(lostxkitten @ Dec 11 2014, 11:48 AM)
Are you guys affected by the recent low crude oil price?
Or recent company statement regarding this issues.
Is it a problem or will go back to normal  aka rise?
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Most of the oil business companies are separated to 3 main section, upstream, downstream and trading to make the account complicated.
With current low crude oil price, upstream will be greatly affected.
But then this will only happens when the upstream are run by too many engineers and managers which increasing the cost significantly. Cut 50-80% from the top level will reduce the cost back.
Downstream and trading won't really be affected.
SUSsupersound
post Dec 13 2014, 07:42 AM

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QUOTE(InF.anime @ Dec 13 2014, 02:10 AM)
Boss.. why downstream is less affected?
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Downstream(over here in general are refineries and petro chemical plants).
I think I said before that crude oil is bought 2 months ahead while product price are review and changed depending on market drive(price can be changed every week or 2).
Because of this reason, downstream business will be affected if the crude oil price dropped continuously, you don't buy, after 2 months no crude to process. But after 2 months when low price crude comes, then they can start making money again. But when the crude price increases back, again they have 2 months of buffer.
Product price are more or less the same most of the time, so low price crude who is getting benefits?
SUSsupersound
post Dec 15 2014, 10:51 AM

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With current oil price going mega sale, smaller oil export countries will be greatly impacted.

SUSsupersound
post Dec 15 2014, 05:49 PM

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QUOTE(BaRT @ Dec 15 2014, 03:37 PM)
Bro...can you enlighten more about this? sweat.gif
Means 2 months no crude oil to process, so all plants will be idling?
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Nope, what ever the crude oil price is, they still have to buy. The impact usually are short term only.
SUSsupersound
post Jan 7 2015, 10:50 AM

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http://www.thestar.com.my/Business/Busines...ture/?style=biz
Petronas now are on the right track, if they really walk the talk(on cutting OPEX).
SUSsupersound
post Jan 7 2015, 10:56 AM

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QUOTE(yunodie @ Jan 6 2015, 05:06 PM)
Brother,

1&3. Only the Downstream Business(Refinery, Lubricants, Trading, Retail) is listed in the Bursa. Upstream activities are held by 2 asset companies, SSB and SSPC, which are private companies. Regardless of oil price, if your refining margin is narrow, it is very hard to make money. Moreover, the plant in PD is very old and need costly upgrades to keep the cost low.

2. There were already a reorganization world wide when the previous CEO took the helm in 2009-2010. And another re-org in 2012-2013
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Only the refinery are listed, other business are not listed as they are still making money.
SUSsupersound
post Jan 7 2015, 03:39 PM

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QUOTE(Binyamin @ Jan 7 2015, 02:20 PM)
laugh.gif  laugh.gif  laugh.gif  laugh.gif

Man, reading that gave me the rare WTF moment.

So meaning they public list it to share the lost with other investors.
So can I say that SSPC and SSB will sell oil to the refinery at a price to maximize their own profit and then Shell refinery which is public listed will buy it from them at prices set by them but have to sell at market price with a lost? Is that why they have been in a losing business all these years? Screwing the public investors and making money in the other 2 private company instead? I hope that's not the case. But F***, sounds like what a mega oil company will do.
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Trading side the price to consumer are fixed.
When a company get listed, sure is use share holder's money to enjoy(if make profit) and share the lost(but still getting high pay) even if losing money.
SUSsupersound
post Jan 8 2015, 09:16 AM

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QUOTE(mohdyakup @ Jan 7 2015, 09:15 PM)
Typically SSB & SSPC and other PSC's operator in Malaysia will sell their crude oil via PETCO, according to the PSC agreement.

Shell PD refinery processing heavy crude if not mistaken.

All Malaysian crude are sweet type & exported to overseas (at premium price), we never consume our own crude, except PP(T)SB refinery which process Tapis crude.
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What does heavy means? In terms of what?

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