Use your CV as a personal marketing tool. It serves as a platform from which to promote yourself to a prospective employer and, as your life is constantly changing and your career developing, you must consistently update this information. The most effective CVs are those that are tailored or customised to a specific occupation or application - an employer will only spend 20 to 30 seconds glancing at a CV, so you need to highlight your main attractions at the beginning.
It is important to remember that ultimately there are no rules to creating a CV, only conventions and guidelines. You must decide what you want to include that will reflect your good points in relation to the job requirements. This article aims to clarify some of the main steps to creating your perfect fit CV.
To make your CV as effective as possible, think about what skills and qualities they may wish to invest in and why. You can then organise and present your information in a way that is likely to interest the employer.Self-assessment
The first step in your CV writing process should be to assess yourself against the criteria of the role. You should have been provided with a detailed job specification - either upon request from the company or through your recruitment consultant. This offers you insight into the requirements of the employer and is your first opportunity to display evidence of your suitability to the post. By working through a specification and noting examples of when and how you displayed particular skills, you create an application that highlights all the key points an employer is looking for.Content
Make sure your CV is interesting to read and flows in a logical manner. Include personal details such as name, address, telephone number and email address. If you wish to include a personal profile, then it can follow on from these details. A personal profile is an optional paragraph but its purpose is to provide a short, punchy summary of your individual qualities. Through this you can clarify your career plan and highlight your key attributes.Education and qualifications
This section provides details of your educational achievements to date, giving particular prominence to those most recent / relevant. It normally includes names and dates of attendance at school, college and higher education. It is often best to list your education and qualifications in reverse chronological order - and don’t be modest, give your educational achievements the glory they deserve! Don’t assume employers will know about your particular degree or qualification, be prepared to offer a description of what the course entailed and the training you received.Skills, training and memberships
It is important that you include all your software skills - applications, packages, operating systems or databases, as well as details of any additional language skills a level of proficiency. Also include any extra training achieved you feel relevant to the post, such as workshops, seminars or courses.Employment and experience
Details of employment, placements and voluntary work should be included in a specific section of your CV. List positions in reverse chronological order and provide a brief description of the key tasks and skills you developed in each role. Include details of each employer, dates of employment and your own job titles. Use concise sentences or bullet points to save space and ensure the document is aesthetically pleasing.
Even if previous roles are not directly related to the one you are seeking, you can draw attention to examples of transferable skills such as: communication; financial awareness; flexibility; organising and co-ordinating; team work; initiative; supervising and time management. Never leave gaps - if you took a year out, or carried out interim assignments, then say so. It is also advisable that you don’t cite your reasons for leaving a job on your CV - keep it positive and leave this topic for discussion in an interview.References
It is normal to provide the contact details of two referees. These could be one from university and the other from an employer, or if you have gained extensive experience since finishing full time education, could be from two previous employers. If possible, select referees who are appropriate to the specific job for which you are applying and always ask permission from the people you intend to include on your CV before you do so.Presentation
The quality and presentation of your CV is vital when selling yourself. The appearance of your CV is an indication to a prospective employer of the type of person you are. The most effective way to present your CV is with bullet points, bold headings and underlining. These simple methods achieve a clear, structured, user-friendly style. Use headings and sections to signpost your reader to the information they are seeking. Be consistent in how you organise information, for example providing both educational and employment details in reverse chronological order.
Unless your experience spans a considerable number of years, you should try to make sure your CV is no longer than two pages. Use a good quality paper to print your CV and the same stationery for your cover letter. Avoid using a typeface less than 10pts.Types of CV
CVs can be used when applying for advertised job vacancies or can be issued by job seekers and recruitment consultants on a speculative basis. If there are particular firms that interest you, it’s worth sending across your CV for them to keep on file, as many companies keep good CVs that they receive so that they can be reviewed at a later date. Online CVs are also an excellent method of ensuring that employers have immediate access to your professional details, so register with job boards that allow you to upload your CV free of charge for employers to view.
There are a few common mistakes people make when creating a CV: lack of care in particular can be heavily penalised. The importance of checking over your CV for spelling and grammatical errors cannot be emphasised enough. Ask a friend or family member to check over it too, as mistakes will not always be obvious to you.
Do not bind or issue your CV in a plastic wallet or other form of presentation folder, as these are unnecessary and can prove to be more of a hindrance than a help! Send your CV in a good quality A4 envelope so that you don’t have to fold it and post it first class to indicate efficiency.
*This article was first published on 1st June 2014 by Paul Robinson, Business Development Manager in Oil & Gas and is reprinted here with full permission.
**About the Writer:
Experienced Recruiter/Manager with over 20 years in Recruitment including 12 years in the Malaysia Oil & Gas Industry.
Paul is a member of a number of committees supporting both Malaysian, British and Australian companies. These include, MOGSC Subsurface and Drilling Committee, MOGSC Decommissioning Committee, MOGSC CTWG committee, Austrade Oil & Gas Committee Malaysia, EIC Energy Committee - Asia and most recently British Malaysian Chamber of Commerce Energy Committee.
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Headline crude prices for the week beginning 20 May 2019 – Brent: US$73/b; WTI: US$63/b
Headlines of the week
Midstream & Downstream
At first, it seemed like a done deal. Chevron made a US$33 billion offer to take over US-based upstream independent Anadarko Petroleum. It was a 39% premium to Anadarko’s last traded price at the time and would have been the largest industry deal since Shell’s US$61 billion takeover of the BG Group in 2015. The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko’s high potential projects in Africa. Then Occidental Petroleum swooped in at the eleventh hour, making the delicious new bid and pulling the carpet out from under Chevron.
We can thank Warren Buffet for this. Occidental Petroleum, or Oxy, had previously made several quiet approaches to purchase Anadarko. These were rebuffed in favour of Chevron’s. Then Oxy’s CEO Vicki Hollub took the company jet to meet with Buffet. Playing to his reported desire to buy into shale, Hollub returned with a US$10 billion cash infusion from Buffet’s Berkshire Hathaway – which was contingent on Oxy’s successful purchase of Anadarko. Hollub also secured a US$8.8 billion commitment from France’s Total to sell off Anadarko’s African assets. With these aces, she then re-approached Anadarko with a new deal – for US$38 billion.
This could have sparked off a price war. After all, the Chevron-Anadarko deal made a lot of sense – securing premium spots in the prolific Permian, creating a 120 sq.km corridor in the sweet spot of the shale basin, the Delaware. But the risk-adverse appetite of Chevron’s CEO Michael Wirth returned, and Chevron declined to increase its offer. By bowing out of the bid, Wirth said ‘Cost and capital discipline always matters…. winning in any environment doesn’t mean winning at any cost… for the sake for doing a deal.” Chevron walks away with a termination fee of US$1 billion and the scuppered dreams of matching ExxonMobil in size.
And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public after the Chevron bid. This new ‘global energy leader’ has a combined 1.3 mmb/d boe production, but instead of leveraging Anadarko’s more international spread of operations, Oxy is looking for a future that is significantly more domestic.
The Oxy-Anadarko marriage will make Occidental the undisputed top producer in the Permian Basin, the hottest of all current oil and gas hotspots. Oxy was once a more international player, under former CEO Armand Hammer, who took Occidental to Libya, Peru, Venezuela, Bolivia, the Congo and other developing markets. A downturn in the 1990s led to a refocusing of operations on the US, with Oxy being one of the first companies to research extracting shale oil. And so, as the deal was done, Anadarko’s promising projects in Africa – Area 1 and the Mozambique LNG project, as well as interest in Ghana, Algeria and South Africa – go to Total, which has plenty of synergies to exploit. The retreat back to the US makes sense; Anadarko’s 600,000 acres in the Permian are reportedly the most ‘potentially profitable’ and it also has a major presence in Gulf of Mexico deepwater. Occidental has already identified 10,000 drilling locations in Anadarko areas that are near existing Oxy operations.
While Chevron licks its wounds, it can comfort itself with the fact that it is still the largest current supermajor presence in the Permian, with output there surging 70% in 2018 y-o-y. There could be other targets for acquisitions – Pioneer Natural Resources, Concho Resources or Diamondback Energy – but Chevron’s hunger for takeover seems to have diminished. And with it, the promises of an M&A bonanza in the Permian over 2019.
The Occidental-Anadarko deal:
Source: U.S. Energy Information Administration, Short-Term Energy Outlook
In April 2019, Venezuela's crude oil production averaged 830,000 barrels per day (b/d), down from 1.2 million b/d at the beginning of the year, according to EIA’s May 2019 Short-Term Energy Outlook. This average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela's state oil company, Petróleos de Venezuela, S.A. (PdVSA), to a halt. Widespread power outages, mismanagement of the country's oil industry, and U.S. sanctions directed at Venezuela's energy sector and PdVSA have all contributed to the recent declines.
Source: U.S. Energy Information Administration, based on Baker Hughes
Venezuela’s oil production has decreased significantly over the last three years. Production declines accelerated in 2018, decreasing by an average of 33,000 b/d each month in 2018, and the rate of decline increased to an average of over 135,000 b/d per month in the first quarter of 2019. The number of active oil rigs—an indicator of future oil production—also fell from nearly 70 rigs in the first quarter of 2016 to 24 rigs in the first quarter of 2019. The declines in Venezuelan crude oil production will have limited effects on the United States, as U.S. imports of Venezuelan crude oil have decreased over the last several years. EIA estimates that U.S. crude oil imports from Venezuela in 2018 averaged 505,000 b/d and were the lowest since 1989.
EIA expects Venezuela's crude oil production to continue decreasing in 2019, and declines may accelerate as sanctions-related deadlines pass. These deadlines include provisions that third-party entities using the U.S. financial system stop transactions with PdVSA by April 28 and that U.S. companies, including oil service companies, involved in the oil sector must cease operations in Venezuela by July 27. Venezuela's chronic shortage of workers across the industry and the departure of U.S. oilfield service companies, among other factors, will contribute to a further decrease in production.
Additionally, U.S. sanctions, as outlined in the January 25, 2019 Executive Order 13857, immediately banned U.S. exports of petroleum products—including unfinished oils that are blended with Venezuela's heavy crude oil for processing—to Venezuela. The Executive Order also required payments for PdVSA-owned petroleum and petroleum products to be placed into an escrow account inaccessible by the company. Preliminary weekly estimates indicate a significant decline in U.S. crude oil imports from Venezuela in February and March, as without direct access to cash payments, PdVSA had little reason to export crude oil to the United States.
India, China, and some European countries continued to receive Venezuela's crude oil, according to data published by ClipperData Inc. Venezuela is likely keeping some crude oil cargoes intended for exports in floating storageuntil it finds buyers for the cargoes.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, and Clipper Data Inc.
A series of ongoing nationwide power outages in Venezuela that began on March 7 cut electricity to the country's oil-producing areas, likely damaging the reservoirs and associated infrastructure. In the Orinoco Oil Belt area, Venezuela produces extra-heavy crude oil that requires dilution with condensate or other light oils before the oil is sent by pipeline to domestic refineries or export terminals. Venezuela’s upgraders, complex processing units that upgrade the extra-heavy crude oil to help facilitate transport, were shut down in March during the power outages.
If Venezuelan crude or upgraded oil cannot flow as a result of a lack of power to the pumping infrastructure, heavier molecules sink and form a tar-like layer in the pipelines that can hinder the flow from resuming even after the power outages are resolved. However, according to tanker tracking data, Venezuela's main export terminal at Puerto José was apparently able to load crude oil onto vessels between power outages, possibly indicating that the loaded crude oil was taken from onshore storage. For this reason, EIA estimates that Venezuela's production fell at a faster rate than its exports.
EIA forecasts that Venezuela's crude oil production will continue to fall through at least the end of 2020, reflecting further declines in crude oil production capacity. Although EIA does not publish forecasts for individual OPEC countries, it does publish total OPEC crude oil and other liquids production. Further disruptions to Venezuela's production beyond what EIA currently assumes would change this forecast.