Oil Comp Engr
38 Years Experience
Houston, TX
Female, 60
I recently retired from a major integrated oil company after 38 years. I have degrees in Civil and Petroleum Engineering. I worked with safety, health and environmental management systems and operations in the upstream (finding and producing oil and gas) and downstream (refining, chemicals and distributions) areas. I travelled all over world, enduring good & bad business cycles and good and bad managers.
Wow, if I could tell you what is going to happen in the short term, I'd quit my job and spend my days trading oil and gas stocks. Over the long term, you can bet that whatever is happening now is going to change. I would suggest you read some of the great books written on the history of the oil business, like Daniel Yergin's "The Prize". The oil and gas business has always been very cyclical and probably always will be. So long as there are a diversity of countries with oil and gas assets operating under a diversity of political regimes, it's going to be an unpredictable situation.
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Sorry but I would need to know more info to answer your question and the purpose of this site is more about daily work life, not assisting students with exam questions
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I am not sure what your question ism but I do feel compelled to give you some advice. Prior to investing the time and money in a Petroleum Engineering degree, I suggest you educate yourself on the price of oil and gas. It has collapsed to by 60% from June 2014 (>$100/bbl) to Nov 2015 (~$40/bbl). It is not going to recover any time soon and there have been massive layoffs in the US oil and gas industry. Now is not a good time to be looking for a job as a petroleum engineer. There is a steady demand for civil engineers to basic municipal work (road construction, bridge repair, wastewater treatment, water delivery systems). The pay is not at the top end of the scale, but steady work is better than no work.
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Wow, that's a tough one because there are a lot of things I enjoy about my job. I guess the thing that frustrates me the most is when illogical decisions are made in the non-technical areas of my job. For example, when we are faced with a challenging technical problem, we can usually all agree on the solution. When it's a non-technical issue, like how should we divide up the work among our team members or which team should win the award for best safety performance, we struggle to apply the same disciplined logic that we use for 95% of the rest of our work.
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Fashion Model
How prevalent are eating disorders in modeling?
Antiques Dealer
Does a piece's value increase significantly if it has a cool "back-story" to go along with it?
EMT
Does your crew ever fake an emergency to slice through traffic?
There is a time lag of 2 to 4 years between a drop in the demand for petroleum engineers and an over-supply. Even if the price rebounds, overnight, it will still take at least 2 years to get caught up again. A reservoir engineer's skills in analyzing economics and running computer simulations should be transferable to many other entry level engineering jobs.
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Persons with many different degrees work as petroleum engineers. It all depends on supply and demand. Unfortunately, as of July 2015, there are more petroleum engineering graduates than there are jobs. When supply is low and demand is high (translation: crude oil prices are high), major integrated oil companies hire good engineering graduates with a wide variety of backgrounds and train them to be petroleum engineers. Typically, they pay the market rate for starting salaries in that particular discipline (i.e. - the starting salary for a chemical engineer in and oil company won't typically be much higher than the starting salary in other industries). However, over time the salaries for all engineers will be based on merit and not on degree.
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Sorry, but I do not understand your question.
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