You've been perfecting your CV for weeks and have finally sent it out to prospective employers. Congratulations, you've got interviews lined up! But that's not the final step, you still need to prepare yourself for the interview and do some homework. Because, as Benjamin Franklin once said, "By failing to prepare, you are preparing to fail."
Here are 8 of the most asked interview questions and our tips on how you can answer them.
1. Describe yourself
This may seem like a very broad question, but this is your opportunity to say something interesting about your background, education and work experience. You should do this under 3 minutes because you don’t want to bore the interviewer. Be confident and remember to relax.
2. Why should we hire you?
You should focus on specific skillsets and technical knowledge that you might bring to the table. Bring up past achievements that might be relevant to the job scope. Show that you would be an asset to the team, but don’t brag about yourself. Be humble and ask about specific projects in the company that you would like to learn more about.
3. Why did you leave your last job?
It is never a good idea to speak negatively about your previous employers as it makes you sound unprofessional. A good way to answer this is to talk about how you would like to grow professionally and expand your skills in a new environment.
4. What is your greatest weakness?
You should be truthful with your answer and add action items to show that you acknowledge your weakness, and plan to improve on them. For example, if you have poor business writing skills, you can that you are currently taking business writing courses to improve yourself.
5. What is your greatest strength?
Here is where you can answer a positive trait or skillset that is relevant to the job scope, followed by an example. For example, if you’re applying to be a project engineer, you can explain how time management is one of your strengths as all your projects were delivered in a timely manner.
6. What has been your biggest achievement?
Talk about a career-related milestone that positively impacted the company or industry. Perhaps you introduced a new process work flow, or helped to increase the company revenue, etc. If you received any industry-related awards or certifications, you can also mention those.
7. What is your measure of success?
This is a pretty subjective question, but you can talk about what professional and personal success mean to you. For example, professional success could mean, “I am able to deliver the job 110% every time and be able to inspire others around me”. And personal success perhaps means “being able to provide for my family, and being able to balance time between work and home.”
8. Do you have any questions for me?
You should always research about the job or company beforehand and prepare a few questions to ask the interviewers. This shows that you are curious about the job and company, and you are eager to work for them. You can ask them about the company’s directions for the next 5-10 years, what are the company’s expectations of you in this role, what is the organization set-up like, etc.
NrgEdge would like to wish you good luck to your future career!
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Headline crude prices for the week beginning 17 February 2020 – Brent: US$53/b; WTI: US$49/b
Headlines of the week
Forecast growth in demand for U.S. petroleum and other liquids is not driven by transportation and not supplied by refineries
The U.S. Energy Information Administration’s (EIA) February Short-Term Energy Outlook (STEO) forecasts that in 2021, U.S. consumption (as measured by product supplied) of total petroleum and other liquid fuels will average 20.71 million barrels per day (b/d), surpassing the 2007 pre-recession level of 20.68 million b/d. However, the drivers of this consumption growth have changed. Since the 2007–09 recession, U.S. consumption growth has shifted toward liquid fuels that are used primarily outside the transportation sector and are supplied mostly from non-refinery sources. Despite this shift away from domestic demand for refinery-produced fuels, U.S. refinery runs have increased, and the excess products have been exported, greatly contributing to the United States becoming a net exporter of petroleum in September 2019. EIA expects these trends to continue for at least the next 10 years.
Hydrocarbon gas liquids (HGL) have been the main driver of U.S. petroleum and other liquids demand growth since 2007 (Figure 1). U.S. production and consumption of HGLs—a group of products that include ethane, propane, normal butane and isobutane, natural gasoline, and refinery olefins—have risen with increased natural gas production and demand from an expanding petrochemical sector. As a result, EIA forecasts U.S. HGL consumption will be 1.27 million b/d more in 2021 than in 2007, and will average 3.45 million b/d.
With the exception of jet fuel, EIA expects less U.S. consumption of refinery-produced products in 2021 than in 2007. Since 2007, increases in U.S. vehicle miles traveled, which normally increases total motor gasoline consumption, have been countered to some extent by increases in vehicle fuel efficiency. In addition, although U.S. total motor gasoline consumption exceeded 2007 levels for the first time in 2016, increased blending of ethanol into finished motor gasoline has displaced some of the petroleum-based, or refinery-produced, portion of gasoline consumption. Therefore, EIA forecasts 570,000 b/d less consumption of refinery-produced gasoline in the United States in 2021 than in 2007, while ethanol will be 0.5 million b/d higher. Ethanol is almost exclusively produced at non-petroleum refinery sites.
Some HGLs can be produced by both refineries and natural gas processing plants. Natural gas plant liquids (NGPLs)—a subset of HGLs that includes ethane, propane, normal butanes and isobutanes, and natural gasoline—can be extracted from natural gas production streams or produced at refineries that process crude oil. However, as U.S. natural gas production increased from 55.3 billion cubic feet per day (Bcf/d) in 2007 to 98.9 Bcf/d in 2019, the amount of HGLs extracted from natural gas production increased from 1.78 million b/d in 2007 to 4.83 million b/d in 2019. EIA expects HGL production from natural gas processing plants to continue to increase to 5.47 million b/d in 2021. Meanwhile, refinery HGL production has been flat at about 600,000 b/d (Figure 2).
Although HGLs have several different end uses, such as propane for space heating and normal butane for blending with motor gasoline, most of the growth in consumption stems from the use of HGLs as feedstock for petrochemical processes. The large increase in U.S. production of HGLs, and the resulting low prices, led to large investments in U.S. infrastructure to extract and transport HGLs to market, as well as investments in petrochemical facilities to consume it. Many of these facilities consume ethane, and to a lesser degree propane and normal butane, as feedstocks to produce intermediate building blocks for plastics, resins, and other materials with nonenergy uses. EIA forecasts that U.S. ethane consumption will reach 1.96 million b/d in 2021, up from 743,000 b/d in 2007, which represents 96% of the increase in U.S. HGL consumption between 2007 and 2021.
Removing HGL and ethanol consumption from the total demand for U.S. petroleum and other liquids indicates that EIA’s 2021 forecast U.S. demand for principally refinery-produced products is about 16.31 million b/d, on par with the 1997 level (Figure 3).
Despite domestic demand shifting away from traditionally refinery-produced products, U.S. refinery capacity has increased 1.7 million b/d between 2007 and 2019. U.S. refineries have adapted to falling domestic demand for certain products, such as residual fuel, by investing in downstream coking capacity to upgrade it into more valuable products. More importantly, international demand for refinery-produced products has increased since 2007, allowing U.S. refineries to increase runs and utilization beyond what the domestic market demanded to supply products to export markets. As a result, the United States became a net exporter on an annual basis of distillate and residual fuel in 2008, of jet fuel in 2011, and of motor gasoline in 2016.
Similarly, demand for HGLs outside of the United States has increased and caused U.S exports of HGLs to increase from 70,000 b/d in 2007 to 2.07 million b/d in November 2019. Between 2013 and 2016, exports of HGLs were the largest contributor to the increase in U.S. exports of petroleum products. U.S. exports of HGLs are mostly of propane and ethane to markets in Asia and Europe, where they are also displacing refinery-produced naphtha as a petrochemical feedstock.
EIA projects that these trends of increasing U.S. production of HGLs, increasing domestic consumption of HGLs, and increasing exports of HGLs will continue beyond 2021. EIA’s Annual Energy Outlook 2020 (AEO2020), released in January, shows projections for further growth in HGL production at natural gas processing plants from 4.91 million b/d in 2019 to a peak of 6.58 million b/d in 2029 and then slowly decline to 6.17 million b/d by 2050. Domestic consumption of HGLs will also increase, driven by continued petrochemical demand for feedstock, which rises from about 3.14 million b/d in 2019 to more than 4.0 million b/d in 2029. Meanwhile, in the AEO2020 Reference case, U.S. consumption of motor gasoline declines until 2042, distillate consumption declines until 2040, and residual fuel consumption continues declining out to 2050.
U.S. average regular gasoline prices rise, diesel prices decline
The U.S. average regular gasoline retail price increased nearly 1 cent from the previous week to $2.43 per gallon on February 17, 11 cents higher than the same time last year. The Midwest price rose nearly 5 cents to $2.31 per gallon. The Rocky Mountain price fell more than 3 cents to $2.47 per gallon, the West Coast price fell 1 cent to $3.14 per gallon, the East Coast price fell nearly 1 cent to $2.36 per gallon, and the Gulf Coast price declined by less than 1 cent to $2.08 per gallon.
The U.S. average diesel fuel price fell 2 cents from the previous week to $2.89 per gallon on February 17, 12 cents lower than a year ago. The Rocky Mountain price fell nearly 4 cents to $2.86 per gallon, the East Coast price fell more than 2 cents to $2.94 per gallon, the Midwest and Gulf Coast prices each fell nearly 2 cents to $2.76 per gallon and $2.66 per gallon, respectively, and the West Coast price fell more than 1 cent to $3.47 per gallon.
Residential heating oil prices increase, propane prices decrease
As of February 17, 2020, residential heating oil prices averaged more than $2.91 per gallon, almost 1 cent per gallon above last week’s price but more than 31 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged $1.80 per gallon, more than 5 cents per gallon above last week’s price but 34 cents per gallon lower than a year ago.
Residential propane prices averaged more than $1.98 per gallon, less than 1 cent per gallon below last week’s price and nearly 45 cents per gallon less than a year ago. Wholesale propane prices averaged more than $0.56 per gallon, more than 1 cent per gallon higher than last week’s price but almost 27 cents per gallon below last year’s price.
Propane/propylene inventories decline
U.S. propane/propylene stocks decreased by 3.0 million barrels last week to 74.3 million barrels as of February 14, 2020, 18.4 million barrels (32.9%) greater than the five-year (2015-19) average inventory levels for this same time of year. Midwest, Gulf Coast, East Coast, and Rocky Mountain/West Coast inventories decreased by 1.1 million barrels, 1.0 million barrels, 0.6 million barrels, and 0.4 million barrels, respectively. Propylene non-fuel-use inventories represented 7.5% of total propane/propylene inventories.
According to projections published in the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020), total dry natural gas production in the United States will continue to increase until 2050 in most of the AEO2020 cases, primarily to support growing U.S. exports of natural gas to global markets. The United States began exporting more natural gas than it imports on an annual basis in 2017, driven by increased liquefied natural gas (LNG) exports, increased pipeline exports to Mexico, and reduced imports from Canada. In most of the AEO2020 cases, net natural gas exports continue to increase through 2050, and most of the increase is in the near term.
The AEO2020 Reference case represents EIA’s best assessment of how U.S. and world energy markets will operate through 2050, assuming no significant changes in energy policy occur. Side cases show the effects of changing model assumptions: the High and Low Oil Price cases simulate international conditions that could drive crude oil prices higher or lower, and the High and Low Oil and Gas Supply cases vary production costs and resource recoverability within the United States.
Source: U.S. Energy Information Administration, Annual Energy Outlook 2020
EIA expects dry natural gas production to total 34 trillion cubic feet (Tcf) in 2019 once the final data is in. In the AEO2020 Reference case, EIA projects that U.S. dry natural gas production will reach 45 Tcf by 2050. Production growth results largely from continued development of tight and shale resources in the East, Gulf Coast, and Southwest regions, which more than offsets production declines in other regions. Dry natural gas production from these three regions accounted for 68% of total U.S. dry natural gas production in 2019 and, in the Reference case, 78% of dry natural gas production in 2050.
Most of the increase in dry natural gas production is coming from natural gas formations such as the Marcellus and Utica in the East region and the Haynesville in the Gulf Coast region. A smaller but still significant portion of the growth is from natural gas production in oil formations (also known as associated gas), especially in the Permian Basin in the Southwest region.
Source: U.S. Energy Information Administration, Annual Energy Outlook 2020
In the Reference case, both U.S. natural gas exports by pipeline and U.S. LNG exports continue to grow through 2030. LNG exports account for most of the export growth because more LNG export facilities are becoming operational and more projects are under construction. In the Reference case, EIA projects that LNG exports will almost triple, from 1.7 Tcf in 2019 to 5.8 Tcf in 2030, the equivalent of nearly 16 billion cubic feet per day (Bcf/d). LNG exports remain at this level through 2050 as U.S.-sourced LNG becomes less competitive in world markets and as more countries become global LNG suppliers.
U.S. LNG exports are more competitive when oil prices are high (as in the High Oil Price case) and U.S. natural gas prices are low (as in the High Oil and Gas Supply case) because of pricing structures that link Brent crude oil prices to LNG prices in many world markets. In the High Oil Price case, U.S. natural gas net exports reach nearly 13 Tcf by the late 2030s, most of which is LNG. Conversely, in the Low Oil Price case and Low Oil and Gas Supply case, U.S. LNG is less competitive globally and remains lower than 5 Tcf per year through 2050.
By comparison, pipeline trade of U.S. natural gas is less sensitive to changes in assumptions about domestic natural gas supply and world oil prices. Pipeline trade of natural gas is highest in the High Oil and Gas Supply case because low domestic natural gas prices reduce U.S. natural gas imports from Canada.
Source: U.S. Energy Information Administration, Annual Energy Outlook 2020