Hey buddy, it's for a permanent grad position. There's this requirement to obtain a Master degree in Well Engineer which is also part of the program. So sounds like a work-study kind of job. I do believe there would be 2 exams spread across the 4 year study course which I assume is compulsory.

Mhmm... Being bonded is another thing hahaha. Hopefully not too long... It plays a part in my decision to switch, but not that significant. Mainly I think I'm worried about job security but as a freshie I shouldn't be too concerned with this should I?

FYI, I just graduated at the end of 2014 so yeah, I'm pretty new in the workforce.

Drilling fags kambing...

A few rigs working and a few rigs stack. Probably busy with bidding the future jobs.

Wednesday, 24 February 2016 | MYT 6:47 AM
Oil prices fall in early trade Wednesday as OPEC producers squabble(Update)

SINGAPORE: Oil prices slid in early trading on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles.

U.S. West Texas Intermediate (WTI) crude futures <CLc1> were trading at $31.46 per barrel at 0012 GMT, down 41 cents from their last settlement. They had already dropped 6 percent the previous day.

The falls were a result of an apparent lack in cooperation among members of the Organization of the Petroleum Exporting Countries (OPEC) to freeze or cut production to rein in ballooning oversupply that has pulled down prices by 70 percent since mid-2014.

Saudi Arabia's veteran oil minister Ali Al-Naimi said on Tuesday at a conference in Houston, Texas, that a coordinated production cut by OPEC and non-OPEC exporters was "not going to happen because not many countries are going to deliver."

He also said that a proposed freeze in output at January levels, which were near record highs, would require "all the major producers to agree not to add additional barrels."

While non-OPEC giant Russia has tentatively agreed on freezing its output at January levels, when they hit a post-Soviet record, Iran called the proposal "laughable" because it would prevent Tehran from regaining market share it lost during Western sanctions, which were still in place in January.

"Some of our neighbours have increased their production to 10 million barrels a day in recent years and export this amount, and now they have the nerve to say we should all freeze our production together," Bijan Zanganeh was quoted as saying by the Iranian student news agency ISNA.

"So they should freeze their production at 10 million barrels and we should freeze ours at 1 million barrels - this is a laughable proposal," he said.

At current global output levels between 1 million and 2 million barrels of crude are produced every day in excess of demand, leaving storage facilities around the worlds brimming with unwanted supplies.

The American Petroleum Institute (API) said on Tuesday that crude inventories rose 7.1 million barrels in the week to Feb. 19 to 506.2 million, far exceeding analysts' expectations for an increase of 3.4 million barrels.

The U.S. Energy Information Administration will report official inventory data later on Wednesday. - Reuters

Earlier report:

NEW YORK: Oil prices tumbled 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out production cuts, and extended losses after settlement when a U.S. industry trade group API said domestic crude stockpiles swelled by more than twice what analysts had expected.


Crude slid as Al-Naimi, at a conference in Houston, restated the kingdom's rationale for maintaining output was that demand would absorb excess crude that has crushed prices over the past 20 months.

Big oil exporters Saudi Arabia and Russia have proposed to freeze output at January levels, which were near record highs, but only if other producers also do the same.

More meetings on the potential freezes will be held in March, al-Naimi told the IHS CERAweek conference in Houston.

An estimated 1 million to 2 million barrels of oil are being produced daily in excess of demand, and analysts and traders remained skeptical that the freeze will erase the big global supply glut.

Benchmark Brent crude futures <LCOc1> settled down $1.42, or 4 percent, at $33.27 a barrel, while U.S. crude futures <CLc1> fell $1.52, or 4.6 percent, to $31.87 a barrel.

The American Petroleum Institute (API) said crude inventories rose 7.1 million barrels in the week to Feb. 19 to 506.2 million, far exceeding analysts' expectations for an increase of 3.4 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 307,000 barrels, API said. The U.S. Energy Information Administration will report official inventory data on Wednesday morning. [EIA/S]

After the API report, Brent sank further to $32.92 at 4:47 EST, and U.S. crude fell to $31.30 a barrel.

"Saudi Arabia is going to continue pumping - that's the bottom line," said Tariq Zahir, managing member of Tyche Capital Advisors in Laurel Hollow, New York. "The level of trust is not there to implement cuts.".

"If they freeze production at January levels when you're already oversupplied by around a million barrels per day it just prolongs that situation of oversupply," said Energy Aspects analyst Dominic Haywood.

Also, Iran, now free of Western sanctions that hurt its crude trade, is seen as unlikely to agree to an output cap. According to a report from Iran's student news agency ISNA, the country's oil minister said the production freeze is "laughable," because it does not allow Iran to regain its production share.

The oil market remained bearish on the first day of trading for the April U.S. crude futures contract.

Investment bank Jefferies expects OPEC output to hit 32.6 million barrels per day (bpd) in the second quarter, including higher Iranian output, with markets starting to rebalance by the third quarter as production outside OPEC falls by 800,000 bpd this year.

If U.S. crude futures drop below $31.30 a barrel, there may another downward leg, said Zahir, adding that crude stockpiles are expected to build as refineries shut for spring maintenance.- Reuters

Heard no hp is allow to bring in

Dato Wee leaving Petronas. Some segments of oil&gas will rejoice for this! 

you gotta get explanation from supersound

Pak Lah appointed Petronas adviser. What does he knows about OnG business.Nice office to sleep during the job. Lol.

http://www.thestar.com.my/news/nation/2016...tronas-adviser/

In exchange for his loyalty..Anyway, no difference, only some good gaji..

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And what is your background?
this is really dilemma rite? They not really count or consider the years of experience in construction when we join O&G.
But from o&g to construction, same also?

Masuk jer civil construction line for a while. There are some specific skillsets which still required in O&G construction too. When market recover, kau masuk fabrication yard bikin modular construction, then slow2 masuk client side. Boleh punya.

Project apa kat Singapore? MRT? Tunneling? Changi expansion?

Try delay you joining date. Get the retrenchment package then join the construction company. Best of both worlds haha

Civil engineer doesnt have site experience?     

Before design stage must go site to identify constraints/ obstructions etc. am i right?
Yeap site engineer don't do much design, but must have knowledge on how to do setting out , levelling , calculating steel bar tonnage , concrete planning etc. which is more valuable than doing design in office IMO.

there is a lot of works in downstream. not necessary upstream. it is a matter one willing to take it with pay-cut or can take the work loads or restart learning from zero.

TheReaderReads I dont know much about salary scale at SG for civil construction, and if you think you deserve a better pay just go nego with them. But you have to remember that SG also hit by economy slowdown like us too - employers market nowadays.