Travelling the world with potentially high salaries along with expertise in cutting-edge technology; if that is how your dream job looks like, then the oil and gas sector has everything you need.
The production and distribution of oil and gas begin with exploration and ends with distribution; job opportunities lie within this long supply chain.
The oil and gas industry is the lifeline of the world and it is one of the most profitable industries to work in. From engineers and geologists to accounting and human resources, employers require a talent pool of graduates with different academic background, interests and skill set. If you think you belong to this industry, then, check out the available options.
Find your perfect fit!
Based on your skill set, interest and qualifications, let us figure out what will suit you best.
Engineers in the oil and gas sector work in various departments of petroleum exploration and extraction. Often, they have expertise in one area. However, they are expected to know the working of the entire process and how their work impacts the entire system. Engineers are expected to use their petrophysics knowledge to accurately perform tasks such as drilling while complying with safety and environmental laws. They work in offshore drilling platforms and oil reserves around the world.
Skills and qualifications:
A sound technical knowledge along with proficiency in science, mathematics, and physics are prerequisites for any engineering job. Along with this, you require an engineering degree in any one academic stream such as Civil, Mechanical or Computer Science based on the job profile. Below is the list of job profiles:
Trainee Engineer: Usually this is an entry-level job meant for freshers. The applicant must have strong mathematical skills along with the required degree and clarity in scientific principles.
Chemical Process Operator: The applicant must be adept at performing specific tests and measurements to ensure the smooth functioning of the equipment.
Project Coordinator: This job role requires you to manage a team of technical workers. Hence, you would require mechanical or electrical engineering skills along with managerial and project management skills.
Other job roles related to engineering that require specific skills:
If you have flair for industrial drawing, then you can easily fit into the oil and gas sector. Here you will be responsible for designing products, equipment, or operating system. This discipline works closely with the engineering department for executing the project as per the requirement. You will also be responsible for new idea generation or improvement of existing products, processes and equipment based on your area of expertise.
Skills and qualifications:
It requires advanced technical skills, attention to detail along with creativity. In most design jobs, a diploma in Civil Construction Design or a Bachelor of Industrial Design is preferred. Additionally, knowledge of designing tools like CAD is expected. Some of the profiles that you can apply to are:
It is an important profile that deals with drilling requirements, management and execution. Drillers analyze the signals from oil wells to locate the site with high-pressure gas and fluids. They also monitor the level of gas coming out of the drilling site and the amount of mud going in. So, if this is your area of interest, you can be a part of a drilling crew, or you can manage, monitor or run a rig.
Skills and qualifications:
It requires a high level of expertise and logical thinking to perform the job with accuracy. Analytical skills are essential for managing complex processes. Along with this, adhering to safety measures is a must. Usually, to work in this profile, you require a general diploma or a bachelor’s degree but with additional expertise in drilling. However, some profiles look for a specific degree or diploma in Drilling Oil and Gas Onshore or a Bachelor of Petroleum Engineering. Once you have the required skill set and qualifications, you can apply for the following positions:
SPECIFIC TRADES JOBS
Oil and Gas trades jobs are required at every stage of the oil and gas field development and production. The job comprises a specific skill set and requires you to have training or apprenticeship.
Skills and qualifications:
This job role usually does not require any engineering degree; however, it requires an apprenticeship, special license or training to perform the work. Along with this it also requires attention to detail, teamwork and manual deftness. Some of the job roles that fall under specific trades job include:
Management is crucial for any sector and oil and gas is no exception. The sector offers numerous job opportunities at different levels. For instance, you can take up a role of supervising, scheduling, project management, safety management, or quality inspection and management. Additionally, you can also be responsible for production management, or hiring and managing new staff; The scope is immense.
Skills and qualifications:
The skill and qualification depend upon the area one manages. However, there are few qualities that are expected from all the managerial staff which include leadership capability, interpersonal skills, decision-making, planning and strategizing, and advanced knowledge of the area of the management. Some profiles require you to have a specific degree, for example, MBA in HR (Human Resources) for hiring and recruiting staff; MBA in Oil and Gas Management or Petroleum management for core management profile. However, there are other profiles that demand technical skills in addition to managerial qualities. Thus, it requires degrees like Master of Engineering in Oil and Gas or Bachelor of Engineering. Based on your interest, you can aim for one of the following profiles in the Oil and Gas sector:
In addition to the basic skill requirements, it is important that you also keep upskilling to keep pace with the changing technologies, industry changes and process enhancements.
NrgEDGE can help you network, find jobs and upgrade your skills to get the job you are looking at. Visit us at https://www.nrgedge.net/home.
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The week started off ominously. Qatar, a member of OPEC since 1960, quit the organisation. Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia’s attempts to corral members. Qatar, under a Saudi-led blockade, was allied with Iran – and Saudi Arabia and Iran were not friends, to say the least. This, and other simmering divisions, coloured the picture as OPEC went into its last meeting for the year in Vienna.
Against all odds, OPEC and its NOPEC allies managed to come to an agreement. After a nervy start to the conference – where it looked like no consensus could be reached – OPEC+ announced that they would cut 1.2 mmb/d of crude oil production beginning January. Split between 800,000 b/d from OPEC members and 400,000 b/d from NOPEC, the supply deal contained a little bit of everything. It was sizable enough to placate the market (market analysts had predicted only a 800,000 b/d cut). It was not country-specific (beyond a casual mention by the Saudi Oil Minister that the Kingdom was aiming for a 500,000 b/d cut), a sly way of building in Iran’s natural decline in crude exports from American sanctions into the deal without having individual member commitments. And since the baseline for the output was October production levels, it represents pre-sanction Iranian volumes, which were 3.3 mmb/d according to OPEC – making the mathematics of the deal simpler.
Crude oil markets rallied in response. Brent climbed by 5%, breaking a long losing streak, as the market reacted to the move. But the deal doesn’t so much as solve the problem as it does kick the can further down the road. A review is scheduled for April; coincidentally (or not), American waivers granted to eight countries on the import of Iranian crude expire in May. By April, it should be clear whether those will continue, allowing OPEC+ to monitor the situation and the direction of Washington’s policy against Iran in a new American political environment post-midterm elections. If the waivers continue, then the deal might stick. If they don’t, then OPEC+ has time to react.
There are caveats as well. OPEC members, who are shouldering the bigger part of the burden, said there would be ‘special considerations’ for its members. Libya and Venezuela - both facing challenging production environments – received official exemptions from the new group-level quota. Nigeria, exempted in the last round, did not. Iran claims to have been given an exemption but OPEC says that Iran had agreed to a ‘symbolic cut’ – a situation of splitting hairs over language that ultimately have the same result. But more important will be adherence. The supply deals of the last 18 months have been unusual in the high adherence by OPEC members. Can it happen again this time? Russia – which is rumoured to be targeting a 228,000 b/d cut – has already said that it would take the country ‘months’ to get its production level down to the requested level. There might be similar inertia in other members of OPEC+. Meanwhile, American crude output is surging and there is a risk to OPEC+ that they will be displaced out of their established markets. For now, OPEC remains powerful enough to sway the market. How long it will remain that way?
Infographic: OPEC+ December Supply Deal
Headline crude prices for the week beginning 10 December 2018 – Brent: US$62/b; WTI: US$52/b
Headlines of the week
The Permian is in desperate need of pipelines. That much is true. There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world’s largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to the Gulf Coast that would take them to the big wider world.
The stakes are high. Even though the US is poised to reach some 12 mmb/d of crude oil production next year – more than half of that coming from shale oil formations – it could be producing a lot more. This has already caused the Brent-WTI spread to widen to a constant US$10/b since mid-2018 – when the Permian’s pipeline bottlenecks first became critical – from an average of US$4/b prior to that. It is even more dramatic in the Permian itself, where crude is selling at a US$10-16/b discount to Houston WTI, with trends pointing to the spread going as wide as US$20/b soon. Estimates suggest that a record 3,722 wells were drilled in the Permian this year but never opened because the oil could not be brought to market. This is part of the reason why the US active rig count hasn’t increased as much as would have been expected when crude prices were trending towards US$80/b – there’s no point in drilling if you can’t sell.
Assistance is on the way. Between now and 2020, estimates suggest that some 2.6 mmb/d of pipeline capacity across several projects will come onstream, with an additional 1 mmb/d in the planning stages. Add this to the existing 3.1 mmb/d of takeaway capacity (and 300,000 b/d of local refining) and Permian shale oil output currently dammed away by a wall of fixed capacity could double in size when freed to make it to market.
And more pipelines keep getting announced. In the last two weeks, Jupiter Energy Group announced a 90-day open season seeking binding commitments for a planned 1 mmb/d, 1050km long Jupiter Pipeline – which could connect the Permian to all three of Texas’ deepwater ports, Houston, Corpus Christi and Brownsville. Plains All American is launching its 500,000 b/d Sunrise Pipeline, connecting the Permian to Cushing, Oklahoma. Wolf Midstream has also launched an open season, seeking interest for its 120,000 b/d Red Wolf Crude Connector branch, connecting to its existing terminal and infrastructure in Colorado City.
Current estimates suggest that Permian output numbered around 3.5 mmb/d in October. At maximum capacity, that’s still about 100,000 b/d of shale oil trapped inland. As planned pipelines come online over the next two years, that trickle could turn into a flood. Consider this. Even at the current maxing out of Permian infrastructure, the US is already on the cusp on 12 mmb/d crude production. By 2021, it could go as high as 15 mmb/d – crude prices, permitting, of course.
As recently reported in the WSJ; “For years, the companies behind the U.S. oil-and-gas boom, including Noble Energy Inc. and Whiting Petroleum Corp. have promised shareholders they have thousands of prospective wells they can drill profitably even at $40 a barrel. Some have even said they can generate returns on investment of 30%. But most shale drillers haven’t made much, if any, money at those prices. From 2012 to 2017, the 30 biggest shale producers lost more than $50 billion. Last year, when oil prices averaged about $50 a barrel, the group as a whole was barely in the black, with profits of about $1.7 billion, or roughly 1.3% of revenue, according to FactSet.”
The immense growth experienced in the Permian has consequences for the entire oil supply chain, from refining balances – shale oil is more suitable for lighter ends like gasoline, but the world is heading for a gasoline glut and is more interested in cracking gasoil for the IMO’s strict marine fuels sulphur levels coming up in 2020 – to geopolitics, by diminishing OPEC’s power and particularly Saudi Arabia’s role as a swing producer. For now, the walls keeping a Permian flood in are still standing. In two years, they won’t, with new pipeline infrastructure in place. And so the oil world has two years to prepare for the coming tsunami, but only if crude prices stay on course.
Recent Announced Permian Pipeline Projects