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 Oil & Gas Careers V10, Upstream & Downstream, Market slump ahead

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SUSsupersound
post Jan 26 2016, 07:11 PM

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Moddy's upgrading MISC and Petronas LNG rating
Good news for O&G, at least this move will enhance the poor market condition.

This post has been edited by supersound: Jan 26 2016, 07:16 PM
SUSsupersound
post Jan 26 2016, 07:15 PM

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QUOTE(adamhzm90 @ Jan 26 2016, 05:05 PM)
I joined ong last year nov..contract one year..
But now based on current condition.better for me to apply for other fields as well..
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Just 3rd month, gain some extra experience first before run.
Just throw your resume to other companies if you found that matches your competencies. But do not simply throw as this may "downgrade" your self.
Or unless you have strong experience till head hunters hunting for you, like my head got chopped by Singapore company and sent to Qatar, now enjoying life in Malaysia again for long vacation thumbup.gif
SUSsupersound
post Jan 27 2016, 01:13 PM

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QUOTE(mingosaur @ Jan 27 2016, 11:17 AM)
Hey guys, would just like your humble opinion on career and the current O&G situation. I'll be receiving an offer for a grad position in well engineering and would like to know what are your opinions in taking up this job? Currently working in a consulting firm with a decent pay of 3.5k not including allowances.

I'm highly interested in the MNC firm so changing from one industry wouldn't be a problem, just worried on how the oil crisis would affect my work and job progression the next couple of years.

Cheers!
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Is it under contract basis? And is the company having their own well or supplying manpower under contract only?
SUSsupersound
post Jan 27 2016, 01:21 PM

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QUOTE(mingosaur @ Jan 27 2016, 01:19 PM)
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.
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Then can try, but upstream is like sheet currently for Malaysia, so be prepared to get slaughtered when condition gets worsen.
SUSsupersound
post Jan 28 2016, 02:20 PM

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QUOTE(kusyah @ Jan 28 2016, 08:30 AM)
How's Aramco doing right now bro? Still hiring as usual?
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Still hiring, but is about 100km to Yemen on their new Jazan refinery. Now Saudi are having conflict with Yemen.
Have a small airport near there that will transfer you to international airport.
SUSsupersound
post Mar 1 2016, 01:16 PM

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QUOTE(langstrasse @ Mar 1 2016, 12:02 PM)
I'm curious, which sectors of the industry are actually booming ?

New technologies related to cost savings - seismic or drilling related ?
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Shell and Petron are making hell of money, 1 of them are making profit of USD500k a day currently.
SUSsupersound
post Mar 1 2016, 01:25 PM

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QUOTE(sukhoi35mk @ Mar 1 2016, 12:23 PM)
Petronas trying to peg Malaysian crude oils?
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Peg own crude are good to protect rice bowl of way over manpower Petronas. Only > 30 years old refineries still need to buy our crude. Modern refineries like what in India, China, Vietnam just built within 5 years back are buying Arabian crude that only cost USD20-26 currently.

SUSsupersound
post Mar 9 2016, 02:27 AM

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QUOTE(mark_vyz @ Mar 8 2016, 10:02 PM)
Brent hit 41.06. Hope it continues the momentum
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https://in.news.yahoo.com/crude-prices-resu...-175919400.html
Is time to wake up, I can't see 4 in front.
SUSsupersound
post Mar 9 2016, 07:27 AM

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QUOTE(ZZMsia @ Mar 9 2016, 07:24 AM)
Go back to sleep, we will rise from the downturn and some people will still be whining.
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Is it? Saudi never reduce outputs, Russia still continues to pump, Iran gets green to open valve fully, while Kuwait are doing mid year offers.
China just landed softly as what Mr. lee said 1-2 days back.
Will O&G rise soon? Sure will, in this Lowyat forum rclxs0.gif
SUSsupersound
post Apr 15 2016, 01:45 PM

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http://www.thestar.com.my/business/busines...ts-rapid-capex/
http://www.thestar.com.my/business/busines...oject-in-rapid/
At least now Petronas are on the right track, bad for crony but good for company.
SUSsupersound
post Apr 15 2016, 11:13 PM

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QUOTE(shahrilidzwan @ Apr 15 2016, 04:00 PM)
FYI, elastomer package was awarded to Hyundai Engineering and they has done some work in advance. Yeah, korean crony  bangwall.gif  bangwall.gif
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Well, too bad that my IQ and EQ way higher than you. Any foreign company that want to get any contract in Malaysia must open a company in Malaysia and get the right man in the senior position.
And that right man is from a political party's division head. So your myth of no crony involved are busted whistling.gif

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