Yes, move out mid of Aug

Now is under long term thunderstorm in O&G, time for big company like Petronas to review contracts with Alibaba companies. Which ever Alibaba companies that still can get contract from Petronas must have strong connection with top management
Maybe will jump out an Alibaba company and buy Shell Malaysia totally, just like Petron bought over ESSO last time

So I guess it spells GG.com for SMEP?

Maybe, as said many many times, brace your self if you still want to survive in O&G, be it from upstream or downstream.
With oil price maintaining or testing new low, when it breaches below USD40, by next year Petronas will start to lose money, if they still continuing awarding white elephant projects to their Alibaba companies.

I've been thinking, sticking around applying to other O&G companies, but then everywhere also tak secure langsung, retrenchment sini sana.

So, otai otai, adik ingin minta tunjuk ajar, mahu ask for advice here. First of all, adik juga kerja sebagai engineer dalam satu O&G company di Malaysia. So, would it be a good idea to venture out from this industry for at least, this while? Adik bukanlah senior sangat, 3 tahun kerja sebagai engineer saja.

Maybe 1-2 years until everything recovers to a better situation baru come back?

This post has been edited by jianh: Aug 5 2015, 03:11 PM

Got job already just continue until get slashed. Gain more experience then jump ship to Middle East, at least will be 2X from what you have now.

if you have the opportunity, by all means join and get more exposure.

Shell retail business is different, as the market leader in Malaysia, it's a cash cow and holding a big volume and significant profit contribution to the company.

Esso in Malaysia was not doing I remember, San Miguel was buying it with a high price during the O&G good time.

Just wait and see
Anything can happen

Brent Crude Oil
$49.99 ▲0.47 0.94%
2015.08.04 end-of-day

WTI Crude Oil
$45.74 ▲0.57 1.25%
2015.08.04 end-of-day

Today up slightly

M’sian crude price falls by US$5.35 to US$61.54/bbl


The selling price (OSP) of a basket of Malaysian crude oil for July-loading has been set at US$61.54 a barrel, state-owned Petronas said today.

The July price for flagship Labuan fell US$5.35 a barrel from June. The price had reached its lowest in January since April 2009.

Petronas introduced a new benchmark starting January 2014, based on the spot differentials to dated Brent for three grades - Labuan, Miri and Kikeh.

As a result of the change, Tapis Blend was dropped as the key pricing reference to dated Brent due to low liquidity and falling output.

Kimanis, a new grade that started production in the fourth quarter of 2014, could be included in the price reference basket in late-2015 or 2016.

They do more on brown field right? Were they hiring or had speculative vacancies?? Pm me

My info said someone put deposit already to buy, my friend just resigned from Shell n join another "sister"

(^__^)

This post has been edited by nash9701: Aug 6 2015, 10:44 AM

Well, Petronas can shout for USD100 a barrel for our sweet crude, since the main buyer is still the refinery in Paka and Melaka

Wind are blowing everyday

Can PM me? Thanks in advance

A secret will remain a secret when only 1 person knows, it will be news when 2nd person knows on it

Hi anyone heard about this Tri C Plus Management?
One recruiter introduce himself from this company (a local recruitment agency, according to him) but i unable to find this agency on Google..
Is it a spam or fraud?
He did give me his phone number and wassapp me..

I juZ came across a Petronas thread in this lowyat job & career section.

Seem like petronas are hiring freah graduates still. I thought they freeze hiring.

What is ur comment?