Sep 12th

Oil Trading Language? What do you mean?

By stewo
"The Oil Traders' Word(s)" at  www.woenzel.com

Here I am, working 25 years in the oil business. Talking and talking using a lot of slang. "Oil Trading Jargon" they call it. 
3D book.png
Oil language is a tribal language. We use the words as if the oilmen talk in common language. The oil business words are so much used that often we forget what they mean.

I can tell a person about the market and talk about the 'forward curve', 'the structure' or the 'contango situation'. The person will forward my message on to his mananger and that manager will forward the message again.

Telling a message is something every one can do. But understanding a message is something different. How many of you, reading this blog, can explain what I mean with the 'forward curve', the 'structure' and the 'contango'. These words are common words in our business, but too little number of people can explain what they mean.

When I started 25 years ago in the business I did not know any thing about this language. The reason why oil language is not a common language: "You do not learn it on school." The only place where to learn oil business language is on the job, at work. And then when you are on the job and you have discussions then the best way to learn is by asking ask questions. I can tell that the number of questions I got during the last couple of years about the meaning of an oil definition is very limited. Bot okay, a lot of definitions can be found on the internet, but there the explanations contain other difficult words again. I can say that I am a person who enjoys challenging other people. When I talk about the backwardation I ask people, during the discussion, if they know what it means. I just know that most people can not give a good answer on such questions, but I also wonder why people hesitate to ask.
 
When I started there were no good books explaining the trading language and therefore I decided to start collecting the words which are used in the oil business discussions.  related to my book  I talk here about words which are connected to trading, logistics, refining, HSE, documentations and oil qualities. It became a book of 560 pages with  the explanation of roughly 2,000 oil words. I also added some typical trading expressions, such as: "I am bullish, the trend is your friend, do not fall in love with your position" and many more. Find me on google and use search key "Woenzel" or "The oil traders' Word(s)" or find me on Amazon or any other online bookshop.

My book is already a success to those who got it. The world of oil trading is getting clearer and better understandable. Some admit that they use the oilmen's words but now they find out what it means. I do not say that a lot of words are used in a wrong way by the oilmen, but some background and understanding can bring people to a higher level. Some traders called my book a through contribution to the oil industry, which is alway nice to hear.

So if you have a job which is related to the commercial side of the oil business then I think that you should consider, no I strongly recommend you to have this book on your desk.

Understanding a language improves the quality of communication and performance at work.


Good luck with your next oil talk,

Stefan van Woenzel
Mar 26th

3 ways to write a great covering letter for an Oil and Gas job

By OpusSterling

Looking for a new change? Found the perfect job? These factors mean nothing without the perfect covering letter to compliment your CV.

Why? Because 9 times out of 10 the first document any recruiter, agency or company will open will be your covering letter. This is your chance to tell your new potential new employer who you are, what you are looking for and what you can bring

Researching the company to find out what they are about and what there company goals are will help you to relate to them and find a common ground this is something any gas recruiter would be delighted to see. Here are 3 helpful tips for writing a great covering letter:

Start with a brief personal statement. Include information about the role and the place you found it. Shouldn’t take up more than a few lines.

Don’t be cold! Be personal! Unlike a CV the covering letter must be more personal to you and personal to suit the employer.

Finish on a positive! Talk about why you wish to work for thecompany and which is the best way tocontact you to discuss the opportunity further.

A covering letter that reflects your personality and how you are likely to work within oil & gas shows the recruiter your passion for the position and show how much you really want it.

Below are a few points to make sure you include:

Your contact information – be sure to have your first and last name. Add your address phone and email address for the company to contact you on.

Date – It’s important to include the date your covering letter was recreated so a recruiter knows how old the covering letter is.

Body – This is the bonus and most important part of the covering letter, It is important you have a clear understanding of the role and you that you can show this within your covering letter.

There is no right or wrong way of writing a covering letter. It is these main facts that make it the Perfect covering letter. If you would like help in creating the perfect Oil and Gas covering letter or would like to apply for any of our roles then email me – charlotte@opussterling.co.uk.

Mar 5th

Energy Expert Dr. Daniel Fine of the New Mexico Center for Energy Policy discusses North Carolina's approach to shale gas and hy

By bluewill
Dr. Daniel Fine of the New Mexico Center for Energy Policy discusses North Carolina's approach to shale gas and hydraulic fracturing, or "fracking." Fine offered these comments during a Feb. 27, 2012, presentation to the John Locke Foundation's Shafesbury Society. Video courtesy of CarolinaJournal.tv. Watch full-length video of JLF events here:
Daniel Fine discusses North Carolina's approach to shale gas and hydraulic fracturing (two minutes)---
http://www.youtube.com/watch...
The full one hour video can be seen here-->"North Carolina?s approach to natural gas fracking" ---> http://lockerroom.johnlocke.org/2012/02/27/no...
Dr. Daniel I. Fine works with the New Mexico Center for Energy Policy. He is a longtime research associate at the Mining and Minerals Resources Institute, MIT. Fine is also a policy adviser on nonconventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defense, and has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. Fine has testified on strategic natural resources before the U.S. Senate committees on Foreign Affairs and Energy and Natural Resources. In this speech, he discusses "Shale Gas Wars: From Pennsylvania to North Carolina."
Jul 21st

The increasing demand for gas is raising the need of automation technology

By AutomationSystems

The growing demand for natural gas worldwide is putting pressure on the gas transport and distribution sectors to construct major infrastructure projects and maintain existing pipeline capacity. The surveys indicate that at the beginning of this year, 119,938 miles of pipelines are planned and under construction worldwide. Of these, 83,634 represent projects in the planning and design phase while 36,304 miles reflect pipelines in various stages of construction. In America only, according to the National Petroleum Council, natural gas distribution utilities must construct 255,000 miles of new lines by 2015 to bring natural gas to consumers, expanding the current system by about 25%. In Asia Pacific of the 41,525 miles of new and planned pipelines, 29,072 miles represent pipelines in the engineering and design phase, while 12,453 miles reflect projects in various stages of construction with China, India and Australia remain the most active. In Eastern and Western Europe, Middle East and even in Africa pipelines are being planned and built. (Source: Pipeline & Gas Journal – “2011 Worldwide Pipeline Construction Report”).

There are millions of kilometers of gas transportation networks worldwide and the regulation and measurement technologies play a more and more important role in all gas pipeline stations. Over the long term, the countries must ensure that natural gas supplies keep pace with growing demand, and that adequate infrastructure is in place to bring supplies to regional demand areas. With increasing transport distances and the ever-growing concentration of regional transport networks, the demands on these technologies continue to rise.

The quality and accuracy, supported by complex automation technology, are today the answer to the development of the gas network. We’re talking more and more about design criteria and the importance of accuracy in gas quantity and quality measurements, trying to eliminate the measurement uncertainty.”, says Ion Andronache, the CEO of the Romanian company Syscom18, one of the national leaders on the process control and automation market, company that provides integrated solutions for gas applications.

Briefly, wherever gas needs to be transported, measured or stored, there are necessary adequate solutions for design and manufacture of natural gas control, measurement and analysis equipment, including flow metering technology, regulating products and safety devices for the most demanding applications. The gas metering systems are used to measure and manage the custody transfer of gas in a pipeline and designed specifically for the environment where they will be used. The measurement systems usually manage product transfer at critical points for a range of operations including: pipelines, Onshore and Offshore production facilities, floating production, storage and offloading (FPSO) units, liquefied natural gas plants, refineries, and petrochemical plants.

Typically, the gas metering systems are located at critical measurement points on a pipeline such as international borders, interstate / county boundaries. But the gas metering systems may also be located on gas producing platforms, gas separation plants, gas storage facilities, LNG plants and gas processing facilities. The pipeline engineering offers solutions for gas measurement and transmission through pipelines. The measurement systems may include ultrasonic and orifice meter skids, flow control/SCADA, valve switching, inter-connect piping. The complete skid mounted metering systems that are fabricated in-house help ensure consistently high quality gas metering systems and they are produced faster than field-built options.

The works within the gas sector are complex. Syscom18, for example, realized locally in recent years, several projects in natural gas systems, mainly works of automation at gas compression stations, and natural gas measurement-metering systems at the main gas stations.”, as Mr. Andronache shows. The works at the measuring-metering gas stations were made accordingly to different principles of measurement used in Europe (systems with ultrasonic meters, systems with turbine meters or orifice plate). The measuring stations are made ​​at the interface between the main operators on the natural gas market in Romania (Transgaz, Romgaz, Petrom). Syscom18 also modernized the measuring stations Isaccea 1 and Negru Voda 1 for the international transit Ukraine-Romania-Bulgaria and has provided years of service among all the import and transit stations in Romania. During 2011 and continuing in 2012, the company will perform, produce, install and commissioning measuring-metering systems for the new transit station Giurgiu-Ruse, connecting Romania and Bulgaria.

It is important to have a system integrator’s expertise along the entire gas supply chain, particularly in the areas of natural gas transportation, storage, distribution and industrial consumption. Organizations managing automation systems must ensure the long-term security and compliance of those systems, while maintaining availability and reliability. These new capabilities will help our customers enhance operational excellence while more efficiently managing security and compliance infrastructure.”, says Ion Andronache.

Jun 22nd

Romania runs LPG with over 10% more per year

By AutomationSystems

The environmental legislation in Europe, the growth of many of Eastern Europe's LPG markets, and the expansion of the natural gas network, have all presented operators with unparalleled opportunities. In Romania, the LPG market, including the cylinders, the auto gas and the propane bulk, is situated around 440.000 tonnes annually. If in 2009 the cylinders took almost half of the LPG market, in 2010 the auto gas dominated the market with about 45% from the entire market, growing with over 10% comparative with 2009. In 2010 there were traded almost 200.000 auto gas tonnes from about 1.200 LPG auto skids existing in Romania (according to the Romanian Association of LPG). The growing was first of all determined by the price of auto gas, situated at half of the price of the gasoline.

Romania seems to enter the European trend concerning the LPG situation, fuel that is intensely promoted as viable alternative for the traditional fuels, both directly by the legislative rules, and by the auto vehicles producers who deliver cars already provided with LPG installations from the factory.

In neighboring countries as well, the LPG sector is growing. Although Serbia remains an import oriented market, the share of big market players in retail motor fuel LPG business increased. Since 2007 for all kind of LPG activities (wholesale trading, storage, retail Sale etc.) there is needed “Energy license” issued by state authority-Agency for energy. The minimum required LPG storage capacity in one depot is 1000 m3, but the condition is for a min. 3000 m3 storage capacity for “Energy license” for LPG trading and production activity. If in 2009, 78% of LPG consumption was through motor fuel mixture (35% Propane, 65% Butane), in 2010 there was almost the same level of consumption (320.000 tones). The motor fuel LPG represents 78 % of LPG consumption in Serbia. There are about 500,000 cars (25 % of 2 000,000 total cars) with LPG installations and more than 650 motor fuel LPG stations. In the last couple of years companies like OMV, EKO HELLENIC, MOL, LUKOIL, MB Gas, EUROGAS established their own network.

In Bulgaria the auto gas represents about 90% from the entire LPG market. The retail chains such as Lukoil, OMV, Shell, Eko, Petrol, Rompetrol represent more than 60% of the auto gas market and a share of about 40% is represented by independent from retail sites. Autogas is very popular with commercial users in Bulgaria, as 90% of minibuses and taxicabs were able to run on the fuel.

With the expansion of the LPG use and beyond the decisive aspect of its use, namely reducing the cost of fuel, the operation and safety measures in the auto LPG skid sites will also expand and diversify, so that the new equipment is not endangered. The market trend also reflects upon the suppliers of equipment dedicated to LPG industry.

It is clear that the consumption of LPG in the coming years will grow. Therefore it is important for providers to expand supply, but at the same time to provide services safely away from the risk of gas leaks or explosions that could occur when the systems are not inspected or properly used.”, says Ion Andronache, the CEO of the Romanian company Syscom18, a national leader on the process control and automation market, company that provides fiscal metering systems for LPG applications.

The extensive applications of LPG in the local market leads to growth among the local suppliers of equipment needed for the implementation of the projects or for the control of the systems and facilities. "Over the last five years, I found a real increase on the local LPG market, reflected in new orders placed. One of the last projects we’ve completed was the warehouse automation system at ButanGas, one of the largest LPG distributor in Europe.”, says Ion Andronache.

About the role that the LPG plays in the automotive sector and beyond, the industry leaders and policy makers in Europe and the world will debate at the Annual Congress of the European LPG Association to be held this year in Bucharest, between 22 and 24 June.

Feb 1st

Case study - How the largest oil companies in Romania protect the environment using vapor recovery systems

By AutomationSystems

Romania's alignment to the European Directive 94/63/EC relating to control of the volatile organic compounds emissions resulting from gasoline storage and distribution, has been a challenge and an opportunity for the Romanian industrial automation and process control companies to expand their activities within the downstream branches of the main players on the petroleum products market.

At Petrom’s warehouses, Romania’s largest oil company, from each loaded truck the gasoline vapors can be fully recovered, following the implementation of vapor recovery systems by the Romanian company Syscom 18, one of the national leaders in industrial automation. In the same time, use of truck bottom loading increases the safety standards and environmental protection in the loading zone.

Syscom 18 has in its portfolio 16 vapor recovery systems, being the most experienced company in Romania and one of the most important in Eastern Europe.

Over the years, for the vapor recovery systems at oil companies’ tank farms, Syscom 18 served as general contractor and systems integrator, providing the basic engineering, contracting with third parties for the design works, contracting and delivering the necessary equipment, performing the implementation of the application software and the execution of special high tech works.

The years 2004/2005 were the stage of analysis and adopting the most appropriate vapor processing and recovery technology, completed with the implementation of a comprehensive, balanced system for vapors coming from fixed roof gasoline storage tanks and loading operations in trucks and wagons loading bays in a Romanian refinery, RAFO SA.

The “heart” of this installation was a vapor processing skid connected to a vapor holder - specialized tank to integrate the peaks of the vapor stream and to intermediately storage the vapors, before being processed. We have chosen a membrane based VRU, manufactured by Borsig MT in Germany. In fact it was the first application of its kind in Romania, verified and approved by the competent environmental authorities.

The achievement, based on a turn-key contract, was a success, the proof being that the largest operator on the petroleum products market – Petrom, member of OMV Group, used our services for the implementation of other 5 systems in its tank farms, systems also based on Borsig VRUs. The projects were started in 2006 and completed on time in 2007. Because some clients have requested also the installation of recovery units based on adsorption of volatile organic compounds (VOCs) in active carbon, this technology was also examined, starting cooperation with Jordan Technologies. The decision was timely, because in the coming years 2008/2009 Syscom 18 has been implemented another 10 such plants, of which 7 are working with active carbon and the rest with membrane separation. Most of these projects, as well as the first, were turn key projects, Syscom 18 providing the engineering, installation and commissioning.

 

Jul 8th

Omega Resources to Utilise New Oil and Gas Recruitment Site

By Site Owner

Omega Resources, a leading recruitment specialist in the Oil and Gas Industry has today announced that they will be utilising the services of an innovative new recruitment website, www.oilandgaspeople.com

Omega Resources Director, Sharon Shepherd, said “We are delighted to be working with Oil and Gas People and to be included among the first recruitment companies to be using this fantastic new website. At Omega Resources we are continually developing and looking for new solutions to enable us to offer our clients and candidates the best possible service. We believe that Oil and Gas Peoples’ new model will offer us not only a more efficient service, but also huge cost savings over current oil and gas job sites.’’

Managing Director of Oil and Gas People, Kevin Forbes responded, “Oil and Gas People has seen significant growth over the last six months since we went live to recruiters. We are excited to add Omega Resources to an ever growing list of recruitment companies who can see the benefits our site brings. We offer genuine cost savings of up to 95% compared to other Industry job sites and a much Improved process that saves recruiters lots of time as well as money’’

Kevin went on to say, ‘’It’s sometimes hard to implement change and to introduce something new. Recruiters are used to the current offering of job sites to the point where they accept their flaws and the extra work they create. We are delighted that Omega Resources can see our vision and we look forward to working with them for many years to come.’’

Sharon rounded up by saying “When first approached by Oil and Gas People we were sceptical as we thought they were just another job site. After talking to Kevin about his background in the oil industry and trailing Oil and Gas People first hand, we were extremely impressed. The level of customer service on offer is refreshing and the site has some features that are a dream come true to recruiters”

oilandgaspeople.com allows recruiters to post jobs, view applicants and search a live database of candidates for free. Candidate’s profiles on the site are very detailed and offer a complete insight into the individuals work history, qualifications and requirements. An in-site candidate management system does away with the need for an inbox full of CVs and allows instant screening of candidates. At the final stage recruiters pay as little as £10 to release matched candidates contact details. There are no hidden charges and if recruiters don’t find the candidate they want, they pay nothing.

Oil and Gas People is currently offering free trials to all new recruiters. Contact info@oilandgaspeople.com to find out more or view their Media Pack at http://www.oilandgaspeople.com/media-pack.pdf

Omega Resources website can be found here www.omegaresources.co.uk

Mar 27th

Oil and Gas People sign up key recruitment clients in Norway

By Site Owner

A new recruitment website is being marketed as the home for oil and gas jobs in Norway. Oil and Gas People, a UK based site has recently signed up several big recruitment companies in the region.

With the market starting to pick up and a buzz of activity in Europe, dozens of oil and gas positions are being listed in the region every week.

The site which only launched this year is proving a huge hit with candidates and recruiters in the industry. Following a new model, Oil and Gas People has clearly been designed to assist those looking for work in the oil and gas industry.

Oil and Gas People creates a live snap shot of the available work force and offers recruiters a process that allows them to post jobs and be instantly matched to available candidates for free.

Candidates benefit from their own free online CV that they can link to when applying for jobs anywhere on the net. By maintaining a live profile on the site candidates will be automatically matched to suitable oil and gas positions posted by recruiters.

To Search oil and gas jobs in Norway and internationally, visit the site at www.oilandgaspeople.com

A fantastic community site is also available atwww.oilandgascommunity.com which is a great place to network and exchange information with other oil and gas people.

Mar 19th

Oil and Gas Jobs Qatar

By Site Owner

 A new recruitment website is being marketed as the home for oil and gas jobs in Qatar. Oil and Gas People, a UK based site has recently signed up several big recruitment companies in the region.

With the market starting to pick up and a buzz of activity in the Middle East, dozens of oil and gas positions are being listed every day.

The site which only launched this year is proving a huge hit with candidates and recruiters in the industry. Following a new model, Oil and Gas People has clearly been designed to assist those looking for work in the oil and gas industry.

Oil and Gas People creates a live snap shot of the available work force and offers recruiters a process that allows them to post jobs and be instantly matched to available candidates for free.

Candidates benefit from their own free online CV that they can link to when applying for jobs anywhere on the net. By maintaining a live profile on the site candidates will be automatically matched to suitable oil and gas positions posted by recruiters.

To Search
oil and gas jobs in Qatar and internationally, visit the site at
www.oilandgaspeople.com

A fantastic community site is also available at
www.oilandgascommunity.com which is a great place to network and exchange information with other oil and gas people.

Feb 4th

Oil and Gas Jobs

By Site Owner

The Official Launch of Oil and Gas People has been scheduled. From Tuesday the 9th of Feb Recruiters will be able to post oil and gas jobs for free and be instantly matched to suitable and available candidates.

Oil and Gas People aims to be the number one recruitment site for the industry by providing a better service to both candidates and recruiters. If you are looking for your next Oil Job then join today at www.oilandgaspeople.com and create your free online CV.

Oil and Gas Jobs Health and Safety Community