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.
Huge PR gaffe
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I think you are confusing profits with return on investment. Yes, oil companies have made a lot of profit in sheer # of dollars but if you look at the capital employed, the rate of return is nowhere near what Apple or Microsoft makes. The other thing to take into account is that oil companies don't control the lion's share of oil and gas reserves any more. The nationalized oil companies in places like Saudi Arabia, Russia, Iran and Venezuela control most of the reserves and impact the price of oil and gas.
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I am a petroleum engineer, not a refinery engineer. I suggest you check out this website and decide for yourself: http://www.consumerenergycenter.org/transportation/consumer_tips/regular_vs_premium.html
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I wish that small companies were held to the same high standards for safety, health and the environment that large companies have imposed on themselves. This would level the playing field.
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Were the replacement refs actually worse than the regular refs?
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There is a higher percentage of women engineers now than when I started 30 years ago, but it is still male dominated as are most engineering fields. I have never felt disadvantaged likely due to the fact that I entered the industry in the days just after the Arab Oil embargo when crude oil prices were high and projected to continue to climb. Oil companies were competing vigorously for engineers, men or women. Also, I was fortunate in that many of the rig superintendents I worked with were my dad's age and had daughters going into the industry. So, if anything, for me it was reverse discrimination when I went to the rigs. The guys had to sleep with the roughnecks, but I typically got my own room. I have noticed some subtle discrimination, however. For example, I notice that at meetings the men often interrupt each other and never get called on it. However, if I interrupt someone, I am chided to be patient and "wait my turn". As with all engineering fields, women engineers do struggle with the on ramping and off ramping if they significant time off (i.e. years) to raise kids. This does not seem to be as big an issue for doctors and lawyers. Also, we still need to make more progress in offering part time work to women engineers.
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Mathematics is about so much more than "number crunching". Computers do more than just add lots of numbers. Mathematics is about solving problems and building models that simulate natural phenomena. Engineers either build those mathematical models OR they have to study mathematics and computer science to be able to understand whether the models they use are valid for the problem they are attempting to solve. if you want to delve deeper, I recommend a fascinating book called, " Is God a mathematician?". You can find it Amazon or most large bookstores.
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I would say that it is not extremely common as it is not the place for everybody. However, it is very common for engineers and geologists to start with a large company, get their training and then leave for smaller companies that can't afford to run their own training programs OR they leave to start their own business. The big money (and big risk) is running your own company. You have to get funding but if you have just one big success, you can become very wealthy. I'm a bit risk averse which is why I never took the plunge to go out on my own, plus I liked the environmental side of the business better than the frontline operations. Environmental work is a bit grueling at a consulting firm but at a large company it is a bit more of 9 to 5 job which was good for me and my kids as they were growing up. Also, I was attracted to the fact that, at a large company, there would likely be opportunities to work in different areas of the business without having to change companies and lose seniority and/or benefits. Also, if you don't like your boss, he/she will eventually get transferred (or you will). At a small company, you could get stuck with a bad boss or bad work group for decades.
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