Canada’s Conservative leader unveils climate plan without carbon pricing

Canada’s Conservative Party leader unveiled his long-awaited climate and environmental plan on Wednesday that would eliminate the current federal carbon pricing program and focus on promoting green technologies. For more than a year, Conservative chief Andrew Scheer, who is currently leading in the polls, has been promising to deliver a climate plan that would replace [Read more]

Source: BOE Report

Roan Resources, Inc. Announces Commitments for a $100 Million Term Loan Facility and Reaffirmation of the $750 Million Borrowing Base

OKLAHOMA CITY–(BUSINESS WIRE)–Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced it has received commitments for a $100 million term loan facility from funds affiliated with certain significant shareholders of the Company that are represented on the board of directors. Borrowings under the term loan facility are expected to bear interest at a [Read more]

Source: BOE Report

Trans Mountain oil pipeline expansion may start in September

CALGARY, Alberta/WINNIPEG, Manitoba, June 19 (Reuters) – Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday. The $7.4 billion project was stalled a year ago after a Canadian court ruled the federal government, which also owns Trans Mountain, [Read more]

Source: BOE Report

The Crushing Cost Of Nuclear Waste Is Weighing On Taxpayers

“The Maine Yankee nuclear power plant hasn’t produced a single watt of energy in more than two decades, but it cost U.S. taxpayers about $35 million this year.” So begins a powerful report this week about the crushing cost of nuclear waste storage by the Los Angeles Times. Nuclear waste has always been a contentious topic in the United States, and the issue has a particularly long history of litigation and protest in the country, from the anti-nuclear movement of the 1960s to the major outcry over the Yucca Mountain nuclear waste…

Source: Oilprice.com

Rising Above the Fray Series – The Market Taketh and The Market Giveth

What’s Hot, What’s Not

As Wall Street has slammed the brakes on providing funding via secondary equity offerings and public bond raises, E&Ps are increasingly switching lanes towards other strong market segments as opportune sources of capital. This article provides data and insight on the depth of the Wall Street shutdown (The Market Taketh) as well as some sweet spots for U.S. E&P operators and capital providers to tap into for opportunities (The Market Giveth) including a strong Royalty and Minerals market, a strong Midstream market and other bright spots.

From an industry, capital allocator and investors perspective, the suite of product offerings by Drillinginfo, including its Market Research, Market Intelligence, Mineral and Midstream Research offerings allow for dynamic, single-sourced, integrated quality data sets to stay ahead of the pack and quickly identify profitable opportunities in the one of largest markets in the world (energy) across the entire the energy value chain — be it above ground or below ground, across commodities, in the U.S. or international, or in the public or private markets.

The Market Taketh

Now that we are approaching the mid-year point of 2019, it is remarkable that year-to-date no U.S. operator has raised a single dollar from an equity follow-on issuance.

In fact, the last issuance occurred back on November 19, 2018 when Contango Oil & Gas raised net proceeds of $33 million via issuance of 8.6 million common shares at $4.00/share to support its southern Delaware Basin Bullseye and NE Bullseye development in Pecos County.

This blowback from Wall Street stands in stark contrast to the run and go days for investors backing U.S. public E&P land grabs during 2016 and early 2017.

From Q2 2016 through Q1 2017, equity investors were eager to back acquisitions which totaled $90 billion, of which nearly 60% or $53 billion was for land (aka drilling inventory). In 2016 alone, Wall Street investors wrote $30 billion in equity checks to the acquirors, often overnight. At the time, the open-door policy of Wall Street enabled transformative acquisitions by U.S. operators that set the stage for decades of drilling.

In a twist of irony, soon after the land grab, which by default requires enormous piles of money to drill out the inventory, Wall Street slammed the bank shut and demanded companies develop those inventories through cash flow – significantly slowing the pace of growth. To put numbers around this, at mid-2018 our data indicates that operators publicly disclosed (in their own language) buying net 50,261 drilling locations from January 1, 2016 through June 30, 2018 which would require nearly $350 billion (by Drillinginfo cost estimates) in drilling and completion capital to drill out. That’s a lot to develop out of “cash flow”!

To be sure, the shut down of easy equity has slowed the pace of U.S. resource play inventory development — which is of such scale that going full throttle would certainly have increased the global supply/demand balance and pressured oil prices more than they already are.

In the past decade, annual bond raises by U.S. operators average around $30 billion. Since January 2015, U.S. operators have issued $107 billion in bonds, compared to $60 billion in equity.

Largely as a result of the equity market shutdown, the bond markets have followed suit as most companies are challenged to raise additional debt without a concomitant increase in equity. The few bonds that are getting through are largely refinances to extend maturities.
Nearing mid-year 2019, U.S. E&P operators have raised a paltry $3.2 billion in bonds thus far this year from just seven companies –

  • Apache, June 5 ($394 MM net, Unsecured Notes due 2049, 5.35% coupon)
  • Apache, June 5 ($596 MM net, Unsecured Notes due 2030, 4.25% coupon)
  • Goodrich, May 31 ($11.8 MM net, Secured Second Lien due 2020, 13.5% coupon)
  • Kosmos, April 4 ($637 MM net, Senior Notes due 2026, 7.125% coupon)
  • CNX Resources, March 14 ($490 MM net, Senior Notes due 2027, 7.25% coupon)
  • Centennial Resource, March 12 ($490 MM net, Senior Unsecured Notes due 2027, 6.875% coupon)
  • Cimarex, March 7 ($497 MM net, Unsecured Notes due 2029, 4.375% coupon)
  • PetroQuest, February 8 ($78 MM net Secured Second Lien due 2021, 10% coupon)

The Market Giveth – What’s Hot

While public investors have gone on strike funding E&P operators, one sector is gaining momentum as an alternative way to play the development of the U.S. resource plays. The mineral and royalty market set a record $3.3 billion in M&A activity in 2018.

Not only is this market active in M&A, the public markets are also pumping fresh capital into this market with the latest example being the IPO of Brigham Minerals (NYSE: MNRL, $1.0 billion market cap) which went public on April 18, 2019 via an upsized offering of 14.5 million shares priced at $18 and currently is trading north of $20. Other pure-play publicly-traded mineral and royalty companies (as of June 17) include –

  • Viper Energy Partners (NASDAQ: VENOM, $3.8B market cap, IPO June 2014)
  • Black Stone Minerals (NYSE: BSM, $3.2 B market cap, IPO April 2015)
  • Kimbell Royalty (NYSE, KRP, $1.1 B market cap, IPO Feb. 2017)
  • Falcon Minerals (NADAQ: FLMN, $0.6 B market cap, formed August 2018)
  • Dorchester Minerals (NASDAQ: DMLP, $0.6 B market cap, formed 2003)

The Grandaddy included in this sector is Texas Pacific Land Trust (NYSE: TPL), an entity created in 1888 via a reorg of the Texas and Pacific Railway that ultimately created the Trust. TPL is now one of the largest landowners in Texas holding 888,333 surface acres and 459,200 acres with a perpetual oil and gas royalty interest, much of which is in the Permian Basin. Prior to the onset of the US shale plays, this stock traded around $30/unit at the beginning of 2010. From January 1, 2010 to April 8, 2019, the stock soared to a recent peak of $901/unit. The units currently trade at ~ $715/unit and the Trust sports a market cap of $5.5 billion.

For U.S. E&P operators, a thriving mineral and royalty markets represent an opportunity to raise capital via the sale of outright minerals or carved-out royalties from high net revenue interest assets. Examples include Range Resources raising $300 million via a 1% ORRI carve out sold to Ontario Retirement Teachers Pension Plan, Continental Resources selling some Oklahoma minerals ($220 million) and forming a JV with Canada’s leading gold-focused royalty company, Franco-Nevada, and of course Diamondback Energy’s dropdowns to its affiliated company, Viper Energy. The attractiveness of this increasingly transparent market also drove Chevron to organize its U.S. minerals into an internal division so that it can retain move towards realizing the full value of these minerals which look to be undervalued under the Chevron company.

From 2015 through 2018, the U.S. Midstream deal market averaged ~$113 billion per year as buyers vie to capture the value from the growing midstream buildout to support surging production from the resource plays. In 2018, this activity reached a modern peak at $170 billion with U.S. E&P operators also participating with record $12 billion of sales into this market.

Recent, notable deals by U.S. E&P operators include the remaining sale of Anadarko’s ownership in Western Gas Partners for $4.0 billion in November 2018. In August 2019, Oxy sold non-core assets to privately held Lotus Midstream and Modus Midstream $2.6 billion. That same month, Apache sold 71% of its Alpine High midstream assets in the Delaware Basin for $2.5 billion. Earlier in the year, Gulfport and EQT sold Ohio gathering assets to EQT Midstream for $1.5 billion. Mid-cap E&Ps like Oasis Petroleum, PDC and Matador have also tapped into this market as avenues to raise additional capital outside of traditional sources.

Not to be discounted, the pivot of private equity into the midstream sector is alive and well. Since 2015, we’ve tallied over $24 billion in PE commitments to midstream companies and projects. 2018 was a record year with $9.2 billion committed (compared to $5.3 billion in the upstream sector) with 2019 thus far tallying over $3.4 billion.

Aside from backing new companies, private equity is directly investing in deals themselves. Since 2015 private equity and financiers bought about 6% of the $600 billion in U.S. midstream deals. However, the role of this sector on the buyside is surging and on a record pace YTD accounting for over 40% of this year’s $29 billion in U.S. midstream deals. Two strong examples include Stonepeak Infrastructure Partners $3.6 billion buy of Oryx Midstream and a Blackstone Infrastructure led group to invest $4.8 billion into a controlling stake in Tallgrass Energy, LP. In announcing the deal, management emphasized that the fund is an open-ended fund that is “very long-tailed” and capable of financing the $4 – $5 billion of capital projects on deck at Tallgrass.

As the public markets tighten their grip on financing upstream activities, we certainly expect E&P companies to look towards selling or forming joint ventures regarding midstream assets as the buyer universe looks to be hungry to expand. A case in point is Noble Energy who in April 2019 disclosed that with the assistance of its advisors, the company is conducting a review of strategic alternatives regarding its effective 45% ownership in Noble Midstream Partners.

Fundamentally, the landscape for private equity investors in the upstream sector is changing. In recent history, there are great success stories of PE sponsors backing talented teams for new private E&Ps with a playbook to go acquire lands early, deploy the latest technology and operational best practices with an objective to de-risk the lands for a sustainable, consistent drill and develop program. The poster child of this model is the Delaware Basin where PE-backed companies deployed risk dollars and were able to exit to a public company seeking to put a solid footprint in the emerging basin. The funding by the buyers was often supported by the public equity markets with funding secured in overnight raises.

As the table below depicts, since 2015 PE-sponsors have committed over $44 billion of which roughly 11% has turned. The Permian is the largest destination representing nearly 50% of those risk dollars. PE investments recently peaked in 2017 at nearly $14 billion.

PE investments dramatically slowed in 2018 to just a little over a third of the prior and in 2019 has only tracked $1.6 billion.

While new upstream commitments have slowed, the landscape of PE investments does offer opportunity on multiple fronts. Traditionally, PE model looks to exit within 3 to 7 years so there is a host of companies that are nearing the exit timeframe and certainly present buying opportunities. It is fair to say currently, the market favors buyers who have many choices of where to deploy acquisition capital.

Also, for those looking to deploy fresh private equity, the aforementioned Wall Street negative sentiment regarding equity and bond issuances sets up alternative models. Instead of the buy, de-risk, sell model, some PE backed companies are looking to build full scale E&P companies and drill out their de-risked positions. At the well level, even in today’s price environment there are attractive IRRs that PE backed companies can achieve – given access to additional drilling and completion capital. This capital may take the form of direct equity or alternative structures including non-op commitments, drillco commitments or joint ventures.

For those who look long term, there is also an opportunity in this market to deploy capital towards PDP production valued at current commodity prices. The lagniappe pie associated with PDP buys is increasing as the public markets continue to change the valuation metrics for public E&Ps.

Much has been written regarding the Drillco model. In short, the structure provides for a win/win between a capital provider seeking to invest in low risk wells and an E&P company seeking to accelerate the development of long-dated inventory. An example of the structure is shown to the right.

In simple terms, the operator wins once the capital provider achieves a certain rate of return via a flip of the share of the cash flow generally after the peak production from the well. The capital provider wins by achieving minimum required rates of returns and is rewarded with a tail of cash flow through the life of the well.

Given that many E&P companies have decades worth of de-risked inventory and limited capital sources, Drillco’s are an attractive model to supplement basic capital programs with additional drilling and cash flow.

The types of capital providers reach from typical PE firms to capital firms targeted directly to the Drillco structure.

In the current capital environment, Drillco’s present an excellent opportunity for both private capital and E&P operators (public or private). The key to success for the capital provider is technical due diligence of the geology and economics of a drilling program plus the operator’s ability to perform. For operators, there are choices of capital partners.

Keys to Success

The Drillinginfo platform has grown exponentially over its 20-year history. All the data in this article are sourced solely from our platforms. We provide the industry’s leading dynamic datasets that are easily accessible to both the industry and capital providers to find the best partners or deal opportunities. No longer are players left in the dark. The data talks and the opportunities for wealth creation, particularly in today’s environment, are numerous. If you haven’t checked in lately, we encourage you to call us for a full demo of the power of Drillinginfo.

Also, check out the prior articles I’ve written under this series:

For information regarding Drillinginfo products, click here.

The post Rising Above the Fray Series – The Market Taketh and The Market Giveth appeared first on Drillinginfo.

Chinese Oil Majors Refine Less Crude Due To ‘Maintenance Problems’

Chinese state-owned refiners’ operating rates remained low in the first half of June, because of more refinery extended refinery maintenance, JLC data shows. This lull comes on the heels of a record breaking spring, in which Chinese refineries returned to record-high processing rates last month driven by the so-called teapots.The operating rates averaged 74.90% on June 15, down by 1.86 percentage points from the end of May.PetroChina Liaoyang Petrochemical in northeast China’s Liaoning province began a turnaround at its 180,000 bbl/day…

Source: Oilprice.com

China’s ‘Elon Musk’ Sees Big Future For Hydrogen Cars

The world's largest auto market may be changing its focus on which alternative fuel will have the leading edge. The man credited with making China the world's center of electric vehicles sales is now championing hydrogen fuel-cell vehicles (FCVs).  Wan Gang, a vice chairman of China’s national advisory body for policy making and former science and technology minister, is advising his country to take FCVs very seriously. “We should look into establishing a hydrogen society,” Gang said. “We need to move further…

Source: Oilprice.com

Colorado Enviros, Activists Split On Oil & Natural Gas Rulemaking Process

Mainstream environmental groups are working alongside Colorado’s oil and natural gas industry to turn the sweeping regulatory overhaul known as SB 181 into an effective, efficient workable law. But the extensive rulemaking process is being impeded by fringe “Keep It In the Ground” activists set on banning all oil and natural gas development in the state.

Those differences of opinion have been made crystal clear at the Colorado Oil & Gas Conservation Commission (COGCC) meetings, in local communities throughout the state, and via verbal barbs in the media.

Activists Groups Didn’t Support Passage of SB 181

When SB 181 was passed by a Democratic-controlled state legislature and signed by Colorado Gov. Jared Polis in April, it had the support of Conservation Colorado and other mainstream environmental groups., Noticeably silent from the discussion were fringe KIITG activists who claimed the legislation didn’t go far enough. With the legislation becoming law, and all signs pointing to a willingness by multiple, diverse parties to work together to give clear direction to what it will entail, Polis declared the oil the gas wars were “over.”

But activist groups including Colorado Rising, 350 Colorado, and Be the Change, who never supported the bill in the first place, are now using it as a mechanism to call for a statewide moratorium on all new oil and natural gas production until the rulemaking process concludes in likely another two years.

Those requests were soundly rejected by the COGCC when Director Jeff Robbins said that a moratorium was “contrary to the intent” of SB 181. However, local communities, newly empowered by the law, have enacted their own moratoria.

Activists Attack COGCC and Polis

Since the COGCC’s declaration that there would be no state moratorium, activist groups have only pushed harder, and have accused the COGCC of undermining the intent of the law.

Joe Salazar, the executive director of Colorado Rising told the Colorado Sun:

“This is an utter disappointment. Legislators were thoughtful in drafting Senate Bill 181, and for them to find out the COGCC has screwed it up as monumentally as it has is going to be a disappointment to them.”

Similarly, Joel Dyer, an editor at Boulder Weekly, wrote a scathing column directed at elected officials who he feels aren’t doing enough:

“As our governor knows all too well, this is not the first time he has declared a truce with the oil and gas industry on our behalf without our permission or support. … The oil and gas war may indeed be over for these professional compromisers, but it’s not because the war was won. It’s because they chose to surrender.”

Differences Emerge

During public hearings this week at the COGCC, representatives from Colorado Rising, 350 Colorado, and Be the Change joined together and chose to ignore the narrow scope of the rulemaking process. Instead, they re-upped their previously-rejected calls for a statewide moratorium and issued boilerplate statements about climate change.

The scene was summed up by Commissioner Howard Boigan who twice asked these groups what they specifically wanted:

“The context of this specific rulemaking was, convened in accordance with the notice, the scoping description of what it was going to cover. I’m asking you what you want us to do specifically today in this rulemaking that is within the framework of what we can lawfully discuss and consider today.”

Dan Leftwich, an attorney representing either could not or did not come up with any specific recommendations, again falling back onto the old talking points of halting permits.

That stood in sharp contrast to Conservation Colorado and a number of other mainstream groups that were represented by attorney Matthew Sura, who gave detailed, substantive recommendations to the commission on the standards for administrative law judges and revised forced pooling rules.

Similarly, industry officials representing trade groups and operators gave precise feedback to the commission and stated a willingness to work together.

This has put Conservation Colorado and the industry in the same lane, where both are taking a practical approach to ensure the law protects public health and the environment while creating business certainty to keep the economy strong.

Collaboration to Make SB-181 Work

SB 181 is not the first time mainstream environmental groups and industry have worked together. Last December, they agreed on a new setback distance for operations around schools that was acceptable to all parties. Colorado Oil & Gas Association President Dan Haley said at the time:

“If we take the time to work on important and complex issues together, we can find constructive solutions.”

The collaboration between mainstream groups and industry is a good-faith attempt to make SB 181 an effective law and to avoid another ballot initiative like Prop 112 – an increased setback measure – that was rejected by voters in November 2018.

Meanwhile, the activist groups who supported Prop 112 and are attempting to halt new production may soon find themselves on the outside looking in, their statements ignored by regulators and mainstream business and political leaders who have begun to focus on constructive efforts to protect the environment and grow the economy.

The post Colorado Enviros, Activists Split On Oil & Natural Gas Rulemaking Process appeared first on .

Source: Energy In Depth

Senior Commercial Specialist (#548973126)

Posted: 19 June 2019 at 16:31   Expires: 17 July 2019 at 16:31

Posted In: Management > Contracts

Location: Qatar

We are seeking to recruit for the position of SR. SPECIALIST, PCHEM, IND & PWR COMML who will be responsible for looking after the commercial interests of the client embedded in a complex range of existing fiscal and shareholding agreements, related to Petrochemicals, Chemicals, Power & Water and Metals assets (the “Assets”), using effective asset management commercial processes. Each position will be assigned certain focus areas. The position will be in based in QATAR in the client’s Commercial Optimisation Department on a long-term residential contract on married or single status.

Key Requirements

Experience/Qualifications Required 10 years of work experience in oil and gas industries (such as petroleum refining, fertilizers, petrochemicals, chemicals, power and gas processing) in technical services, operations, economics analysis, marketing and drafting agreements Good knowledge in broad aspects of oil & gas industry economics analysis, commercial negotiations Experience in working within a large, preferably multicultural, international organization Excellent problem solving, communication, presentation and computing skills Good command of the English language (verbal and written) BSc Engineering, science, or related field from an accredited university Related postgraduate qualification (MSc. or MBA) is advantageous

Job Description

We are seeking to recruit for the position of SR. SPECIALIST, PCHEM, IND & PWR COMML who will be responsible for looking after the commercial interests of the client embedded in a complex range of existing fiscal and shareholding agreements, related to Petrochemicals, Chemicals, Power & Water and Metals assets (the “Assets”), using effective asset management commercial processes. Each position will be assigned certain focus areas. The position will be in based in QATAR in the client’s Commercial Optimisation Department on a long-term residential contract on married or single status.

Experience/Qualifications Required

10 years of work experience in oil and gas industries (such as petroleum refining, fertilizers, petrochemicals, chemicals, power and gas processing) in technical services, operations, economics analysis, marketing and drafting agreements

Good knowledge in broad aspects of oil & gas industry economics analysis, commercial negotiations

Experience in working within a large, preferably multicultural, international organization

Excellent problem solving, communication, presentation and computing skills

Good command of the English language (verbal and written)

BSc Engineering, science, or related field from an accredited university

Related postgraduate qualification (MSc. or MBA) is advantageous

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)

Assistant Manager Reliability and Optimisation (#888973069)

Posted: 19 June 2019 at 16:30   Expires: 18 August 2019 at 16:30

Posted In: Management > Asset Management

Location: Qatar

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Key Requirements

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations • Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location • Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location • Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing Experience/Qualifications • 15 years multi-disciplined experience in engineering within petrochemical industry • At least 5 years in engineering Reliability and Optimisation study • Familiarity with maintenance engineering • Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies • BSc Degree in Engineering • Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

Job Description

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Duties/Responsibilities

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations

• Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location

• Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location

• Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing

Experience/Qualifications

• 15 years multi-disciplined experience in engineering within petrochemical industry

• At least 5 years in engineering Reliability and Optimisation study

• Familiarity with maintenance engineering

• Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies

• BSc Degree in Engineering

• Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)

Assistant Manager Reliability and Optimisation (#438972925)

Posted: 19 June 2019 at 16:30   Expires: 18 August 2019 at 16:30

Posted In: Engineering > Optimization

Location: Qatar

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Key Requirements

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations • Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location • Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location • Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing Experience/Qualifications • 15 years multi-disciplined experience in engineering within petrochemical industry • At least 5 years in engineering Reliability and Optimisation study • Familiarity with maintenance engineering • Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies • BSc Degree in Engineering • Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

Job Description

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Duties/Responsibilities

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations

• Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location

• Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location

• Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing

Experience/Qualifications

• 15 years multi-disciplined experience in engineering within petrochemical industry

• At least 5 years in engineering Reliability and Optimisation study

• Familiarity with maintenance engineering

• Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies

• BSc Degree in Engineering

• Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)

Assistant Manager Reliability and Optimisation (#888972869)

Posted: 19 June 2019 at 16:30   Expires: 18 August 2019 at 16:30

Posted In: Engineering > Reliability

Location: Qatar

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Key Requirements

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations • Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location • Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location • Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing Experience/Qualifications • 15 years multi-disciplined experience in engineering within petrochemical industry • At least 5 years in engineering Reliability and Optimisation study • Familiarity with maintenance engineering • Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies • BSc Degree in Engineering • Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

Job Description

We are seeking to recruit an ASSISTANT MANAGER RELIABILITY & OPTIMISATION who will based in Qatar on a married or single status working for the client’s Asset Integrity Department and will be responsible for managing and directing a division which provides a broad range of Optimisation and Reliability services at Operations location

Duties/Responsibilities

• Works closely with other Assistant Managers, Division Heads and Department Managers to achieve the corporate goals, objectives, targets and fulfils the all the relevant environmental and statutory obligations

• Manages and directs a multidisciplinary team consisting of maintenance Optimisation & Reliability engineering professionals who perform tasks of CMMS Projects, SAP PM Master Data Maintenance, Maintenance Strategy & PM Optimisation and Reliability engineering studies at Operations location

• Directs and supervises the Operations IT focal point for all system hardware, software requirements, upgrades and coordination & IT Projects. In addition, also oversee the SAP system and related applications implementation as a focal point for Operations location

• Establish systems to continuously develop, implement and improve world-class business standards and utilise APMS to ensure enhanced personnel safety, asset integrity, optimised maintenance, optimised critical spares, increase NGL systems & equipment Reliability and Availability; and reduce downtime and the life cycle costing

Experience/Qualifications

• 15 years multi-disciplined experience in engineering within petrochemical industry

• At least 5 years in engineering Reliability and Optimisation study

• Familiarity with maintenance engineering

• Has appropriate computer literacy and knowledge of using computer features to solve/support different technical problem solving and Reliability studies

• BSc Degree in Engineering

• Relevant short courses in SAP PM, MM modules, RCM, RCFA, FMEA, business process and management

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


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Senior Reservoir Engineer Gas Field Development (#658972737)

Posted: 19 June 2019 at 16:29   Expires: 18 August 2019 at 16:29

Posted In: Engineering > Reservoir

Location: Qatar

We are seeking to recruit for the position of SENIOR RESERVOIR ENGINEER (Gas Field Development ) to direct and participate in well surveillance activities which are properly designed to meet the reservoir objectives and to optimise the performance of the largest gas producing field in the world. To follow up and assure with the joint ventures that the ongoing monitoring activities are done as per client standards and requirements The position will be in based in QATAR in the client’s Gas Field Development Department on a long-term residential contract on married or single status.

Key Requirements

Experience/Qualifications Required Experience of 15 years practising Reservoir Engineering in reservoir management, field operations and monitoring Excellent communication and interpersonal skills Demonstrated ability to perform as an effective team member in a multidisciplinary team Ability to guide and help more junior members of the reservoir engineers in the team BSc or MS in Petroleum Engineering or related fields is required. Fluent in English (demonstrated verbal and written skills)

Job Description

We are seeking to recruit for the position of SENIOR RESERVOIR ENGINEER (Gas Field Development ) to direct and participate in well surveillance activities which are properly designed to meet the reservoir objectives and to optimise the performance of the largest gas producing field in the world.

To follow up and assure with the joint ventures that the ongoing monitoring activities are done as per client standards and requirements

The position will be in based in QATAR in the client’s Gas Field Development Department on a long-term residential contract on married or single status.

Experience/Qualifications Required

Experience of 15 years practising Reservoir Engineering in reservoir management, field operations and monitoring

Excellent communication and interpersonal skills

Demonstrated ability to perform as an effective team member in a multidisciplinary team

Ability to guide and help more junior members of the reservoir engineers in the team

BSc or MS in Petroleum Engineering or related fields is required.

Fluent in English (demonstrated verbal and written skills)

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


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Senior Petroleum Engineer Gas Field Development – (#548972626)

Posted: 19 June 2019 at 16:29   Expires: 18 August 2019 at 16:29

Posted In: Engineering > Petroleum

Location: Qatar

We are seeking to recruit for the position of SENIOR PETROLEUM ENGINEER (Gas Field Development ) must be a technical expert in drilling, completion and well intervention activities who will review drilling, completion and well intervention proposals by the Joint Venture (JV) Operators of the client’s Field. Ensure the Field wells are drilled and completed using accepted and advanced technology in a safe and effective manner, and in accordance to accepted industry standards (such as ANSI, API, BSI, etc.). Work with the specialists and technical experts of the JV Operators to design the drilling, testing, completion and/or well interventions programs to ensure the Shareholders’ objectives are met.

Key Requirements

Conduct daily surveillance of all well operations (drilling, workover, completion, testing and well intervention activities…etc.) to ensure compliance to the agreed and approved objectives and programs. Keep the Head of Well Operations and client Management fully apprised of the implementation and status of the on-going rig and rig-less activities. The position will be in based in QATAR in the client’s Gas Field Development Department on a long-term residential contract on married or single status. Experience/Qualifications Required 15 years of relevant working experiences as Petroleum Engineer (including well testing, well integrity, well intervention) with strong background in Drilling and well Completion aspects Experience of being Involved in all aspects of drilling, testing, workover and completions of development wells. Experience in drilling and testing appraisal wells Good knowledge and experience related to rig and rig-less well intervention activities Extensive on-site experience and familiarity with rig equipment and operations, as well as rig-less equipment and operations such as coiled-tubing, mechanical wireline, electric wireline, etc Up-to-date with respect to new technological advancements in drilling/completion operations Excellent communication and interpersonal skills Ability to work in a multi-cultural environment BS in Petroleum Engineering or related discipline from an accredited and recognized university supplemented with industry courses in drilling/completion and related subjects Fluent in English (demonstrated verbal and written skills)

Job Description

We are seeking to recruit for the position of SENIOR PETROLEUM ENGINEER (Gas Field Development ) must be a technical expert in drilling, completion and well intervention activities who will review drilling, completion and well intervention proposals by the Joint Venture (JV) Operators of the client’s Field.

Ensure the Field wells are drilled and completed using accepted and advanced technology in a safe and effective manner, and in accordance to accepted industry standards (such as ANSI, API, BSI, etc.).

Work with the specialists and technical experts of the JV Operators to design the drilling, testing, completion and/or well interventions programs to ensure the Shareholders’ objectives are met.

Conduct daily surveillance of all well operations (drilling, workover, completion, testing and well intervention activities…etc.) to ensure compliance to the agreed and approved objectives and programs.

Keep the Head of Well Operations and client Management fully apprised of the implementation and status of the on-going rig and rig-less activities.

The position will be in based in QATAR in the client’s Gas Field Development Department on a long-term residential contract on married or single status.

Experience/Qualifications Required

15 years of relevant working experiences as Petroleum Engineer (including well testing, well integrity, well intervention) with strong background in Drilling and well Completion aspects

Experience of being Involved in all aspects of drilling, testing, workover and completions of development wells.

Experience in drilling and testing appraisal wells

Good knowledge and experience related to rig and rig-less well intervention activities

Extensive on-site experience and familiarity with rig equipment and operations, as well as rig-less equipment and operations such as coiled-tubing, mechanical wireline, electric wireline, etc

Up-to-date with respect to new technological advancements in drilling/completion operations

Excellent communication and interpersonal skills

Ability to work in a multi-cultural environment

BS in Petroleum Engineering or related discipline from an accredited and recognized university supplemented with industry courses in drilling/completion and related subjects

Fluent in English (demonstrated verbal and written skills)

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)