Oil & Gas Careers V8, Upstream and Downstream, Crude Oil (WTI): USD 45.22/bbl
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 Dec 20 2015, 12:33 PM
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#1
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Junior Member
387 posts Joined: Sep 2014  
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Im currently working in national oil n gas company, doing utilities. Despite the oil price fall, my company unit still lunching some new projects. Guess the price fall doesn't hit much on gas n utilities business
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Dec 20 2015, 06:17 PM
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#2
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Junior Member
387 posts Joined: Sep 2014
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QUOTE(MEngineer @ Dec 20 2015, 03:06 PM) What is the job scope under utilities? Is it like building maintenance. We provide steam, electricity, oxygen, nitrogen etcs to the neighbouring plants (optimal, petlin, ammonia). Our nature of business not much like oil or gas processing plant but we are part of it   |
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Dec 21 2015, 11:12 AM
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#3
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Junior Member
387 posts Joined: Sep 2014
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QUOTE(MEngineer @ Dec 20 2015, 07:19 PM) Oh that is because when crude oil price is low, the downstream business is much more profitable due to the simple fact that the feedstock cost is cheap now. That is why you don't see much slow down for downstream side of the industry. Yup. Exectly. I also heard some rumors on relocation of upstream staff to downstream business to cope with this price fall issueQUOTE(mohdyakup @ Dec 20 2015, 08:05 PM) Sounds that you are with CUF-PGB. QUOTE(felixthecat @ Dec 20 2015, 09:22 PM) Must be CUF. Perhaps the price fall only hit the upstream business. Most downstream subsidiary (except refinery), e.g petchem will benefit from current scenario as they bought at low price and sell at standard/market/high price. Haha yup. You both got it right  But now our plant has been renamed to utilities kertih aka uk for better indication rather than the lengthy 'cufk' |
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