The oil and gas industry offers lucrative career opportunities. Internet job boards have made the task easier for employers and job seekers. Companies today receive numerous applications that need screening to filter out substandard candidates. Telephonic interview is usually the first step in the recruitment process. It is used for both pre-screening and post-interview to acquire talented professionals. In cases where a candidate resides out-of-town, the complete job interview can be conducted over the telephone or via an audio-visual aid.
Job seekers usually get tensed about the telephonic interview because they feel they will not be able to express themselves better and might be less impressive. There is also a category of job seekers who take telephonic interviews casually. However, the importance of telephonic interviews cannot be ruled out and yes, we agree it is tricky to impress an interviewer over a call. But if you follow the tips below, you will certainly be successful in your attempt.
Purpose of the telephonic interview
Before you begin your preparation for the telephonic interview, it is important to analyze the purpose of the interview, which can be:
Once you are aware of the purpose of the interview, you can plan and prepare better.
Schedule your call
Telephonic interviews are scheduled based on a mutually agreed date and time. So, make sure if the interviewer asks you for an available time slot, you provide a time where you will not be interrupted by background noises, family, friends or colleagues. However, if the interviewer shares his time slot and you are not comfortable with it, you should request for rescheduling to a later time or date. Even if you receive an unplanned call for an interview, you can politely request to reschedule.
Preparation for the call
Once you know the purpose and timings of the interview, you must start with the preparation for the interview. Here is what you can do:
Cut out all distractions before the call
Make sure you are not distracted by your surroundings. So, switch off the TV and other audio/visual devices. Look for a quiet spot where you do not get disturbed. Create a comfortable setup and have your notes, resume and job description nearby for easy access. Remember, the interviewer can easily detect your distraction if you are delaying your responses or are not responding in an expected way. So, don’t ruin your chances by not focussing.
When making or answering a call
If you are expecting a call from the interviewer, be ready and wait for the call. Make sure you are seated comfortably at the position pre-decided by you and you have all the necessary documents along with a notepad. When you receive a call start the conversation by introducing yourself. However, if the interviewer expects you to call, make sure you call on time, introduce yourself and explain the reason for your call.
During the Interview Call
This is your time to shine. During your interview call, you’ll have to be well prepared with your answers. Here is how you can up your chances:
Before you hang-up
During an interview, it is always the interviewer who must signal that the call is over. Until you get the hint, do not rush. Once the interview is over, the interviewer will ask you for any final questions. This is your chance to clarify any doubts that you may have regarding the company, your position, job role and so on. Ask relevant questions. Try to avoid talking or negotiating your salary over the call. Meet in person to do the needful.
Follow up after the call
As soon as you wind up the call, send a thank you note by email. If the interviewer has provided any dates for the results, consider following up. Even if you do not receive a call after a week, you may shoot a quick email enquiring about the process and update.
The success of your telephonic interview depends on your preparation and the above tips. If you have not qualified despite being good in the interview, then you might not be suitable for the job role. You must keep looking at relevant job openings at a dedicated site like Nrgedge for oil and gas related opportunities.
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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