Tips On Finding A Job In The Oil And Gas Industry

There are many jobs available in the oil and gas industry. These jobs were available in the recession period as well. Since these jobs are considered evergreen, several people are engaging in this industry to get an appropriate job. Most of the people do not know about how to get a job in this field. There are certain points which will surely help people get a job and reach the highest position in the oil & gas industry.

Entry level: To gain the maximum experience in this industry, you need to gain entry as a junior recruit. This is necessary for learning the basic things related to drilling, exploration and production areas. This will help you in understanding various processes involved in oil & gas industry.

Experience: Experience is considered by oil & gas companies only if it is in relevant categories. You should get more and more experience working on offshore platforms and oil rigs. This will increase your chances to qualify for a high profile and highly paid job in this industry. Junior level is the best to start to get into the corporate ladder, but with more experience, you can shift companies easily.

References: While working at the junior level, you can make good acquaintances. These acquaintances can be used later to get a high-level job. Oil & gas jobs are lucrative and thus there is a lot of competition. References can help a lot in these scenarios. Therefore, while working on junior level, make sure that you make good references to be used later on.

Latest news: To get a job, it is necessary to have knowledge about the history of the company as well as the latest updates in the industry. Knowledge can help you a lot in making an entry in this field. When you go for an interview, you can impress the interviewer by making sure to be aware of the latest news and updates in the industry. You can take the help of people who have already worked in the oil and gas industry.

The internet can also help you to get up-to-date information. It is strongly recommended to read magazines and newsletters about the oil & gas industry. This will also help you in your job once you start working with the organization.

Before applying for any job, you must get familiar with the required qualifications, experience and other related information. You can also check the salary and benefits offered with different oil & gas companies as a comparison.

Important Facts About the Oil and Gas Industry

The oil and gas industry is one of the considerably changing and most important global industries all over the world. Oil and gas both are obtained from under the surface of earth. These energy sources are considered as the most useful natural resources.

The industry has touched every sphere of human life. With the arrival of technological development and explorations, the demand of gas and oil industry is increasing at a rapid pace. Around 60 to 70 percent global economic growth depends on this industry. Oil and gas are expected to remain the leading energy resources for decades to come.

The industry uses the following processes:

· Exploration process is involved in the formation of oil and gas

· Entire production and development of crude oil or natural gas

· Transportation

· Retailing and end users

Every industry has its unique challenges, terminology and methodologies. This industry includes both offshore and onshore energy sectors located in various parts of the globe.

Oil and gas industry typical applications

· Distribution of the fuel

· Wellhead control on Sub-sea

· Research on renewable resource

· Proper management of asset

· Conversion of Advanced protocol

· Downhole submersible pump monitoring and pressure temperature gauges

· Flow metering on Multi-phase (gas, oil, sand, water)

The oil and gas industry establishes the course to explore the oil well at the right locations and dig out gas and oil effectively. These sources are found deep inside the earth and proper procedure must be carried out at the specific location. The entire process involves a lot of money which is the major reason for the price hike in this industry. The prices of the oil and gas can be controlled somewhat by lowering production cost.

There are some major companies which are dealing in this industry such as Shell, BP, ConocoPhillips, Chevron, Total S A and ExxonMobil. Russia, USA, Iran, China, Russia are the major producers of oil all over the world.

There are several numbers of companies which are spending billions of dollars to maintain and increase the production and development of oil & gas. Maintaining the exploration process in an apt manner is very important for the growth of oil & gas industry.

These days, this industry is setting up some new policies and technologies to meet the upcoming demands and deal with the environmental issues. Production and exploration companies especially focus on finding hydrocarbon reservoirs, gas wells and drilling oil and selling and producing these materials. This entire process comes under the category of upstream gas and oil activity.

Investing in Futures Options

Making investments of any type is complicated and at times confusing especially to people who are still new in the business. Those who are dealing with futures options only have a small portion of actual investments which are reflected in their portfolios. This type trading however, gives traders more flexibility as well as versatility. They are also able to reduce high risk by choosing the most profitable assets that will be included in their portfolios. However, new traders have to do more research in order for them to study commodities that they intend make investments in.

People who are investing in futures options have to learn everything that they can especially on the underlying commodities that are represented only by a specified amount and quantity which is far too less than the actual volume that they are buying or selling at a future date. Traders may choose from a variety of commodities like corn, coffee, cotton, lumber or cattle. They may also deal with precious metals that include not only gold and silver but also platinum, copper and other materials. Although this is still a part of the trading business, people who invest may earn or may lose in a very short period of time unlike those who are into stocks or bonds investments.

People are actually making agreements on the delivery of the commodities at a predetermined time in the future and on a specific price that has been set. However, these agreements can be very risky especially as prices in the market may fluctuate at any time. Traders may have the opportunity to buy or to sell the underlying commodities before the specified date in order to protect them from the risk of losing a lot when market trends turn against their investments. People who are interested in investing may consider futures options especially if they do not have the entire amount to really buy the commodities in its actual volume.

Individuals can trade through a determined fraction of the total cost of the investment. Traders then are given a deadline when they can make the purchase. They may then gain if the price will go up while they are waiting for the set date of the actual purchase. In case that they price will go down on the other hand, the traders will not be obliged to make the purchase but they will lose in terms of the fees that they have paid for the futures option contract that they have made. Traders have to be careful in making agreements as these are considered as binding contracts that need to be carried out.

Using Stop Orders in Share Dealing

Stop orders are among the most basic things that any trader needs to understand when entering the world of share dealing. This is because with the fluctuating nature of the shares or stocks markets, it would be very unpredictable for a trader. It is also the common tendency of many traders to overtrade because of their want to earn more profits. However, without due diligence and appropriate analysis of the trader, it may only result to a nightmare instead.

In order to protect the profits of a trader from fading as much as possible, one way that this can be done is by using the stop orders. This is actually a method in order to have a cap on the liability of the trader as far as possible. With this option, the trader will be able to have a maximum and full control over his or her trading account.

If you are quite new in this field, there are several things that you need to understand about these stop orders. Specifically, these are about the three (3) most important aspects, which include the general description of this kind of order as well as protecting the gains of the trade and, finally, limiting losses. These will be explained in the following sections hereunder.

On the one hand, a stop order in share dealing is a kind of instruction that directs to execute a sell-off at specific and predefined price point. For most traders, this is being ordered or executed in order to give them an extra hand in the trading session. The effect of this is to generally provide a broker a guide when to stop or exit a position. Hence, the primary trader no longer needs to monitor the market every single second in order to determine where the exit point is. With this kind of order, it would be automatic that when the market reaches the specific level that you have determined, then such order will be executed.

On the other hand, one of the major reasons why this is being ordered is in order to protect the gains or profits of a trader. For instance, when the position is in a situation wherein the value of the shares is already increasing resulting to a yield in profits or gains, then the normal thing that a trader would do is to want for more. However, doing such this would be too greedy. It may even result to more losses than gains. Hence, it is the best thing to know where to stop in order to protect what you have.

Moreover, stop orders are also being used in order to limit or isolate losses. This refers to the lowest level that a trader can take to lose his or her position. Hence, when that point has been reached, then that signals to exit the market.

Standardization, Liquidity and Futures Trading

If you are going to ask me as well as the other investors, among the most important advantages of engaging in trading futures are the aspects of standardization as well as liquidity. One of the reasons behind this is that these factors allow the futures contracts to be trader by both speculators as well as the end users freely. Aside from this, these aspects also provide for the healthy as well as more buoyant character of market for futures trading across the different types of assets that can be trader. In other words, both the aspects of standardization and liquidity make the futures market more fluid.

With the foregoing, it is very important to know the relevance of both the standardization and liquidity in futures trading. These will be explained in the sections hereunder.

On the one hand, standardization refers to the process wherein the futures contracts are in a standard form without room for any individual negotiation for the terms. This is a very important feature for futures trading as well as other tradable instruments because these make the transaction clearly defined. In other words, since the futures contract is clearly defined, this means that the package can be shifted from a trader to the other without the necessity for due diligence anymore. Consequently, only the subjects like the type of assets, quantity as well as specific date of delivery are subject or reconsiderations.

On the other hand, the other feature that is very important in futures trading is the concept of liquidity. In a general point of view, this refers to the ease on which the specific instrument can be bought or sold in the market. Aside from that, this can also be referred as the ease on which the said asset can be converted into cash.

For example, having cash in your bank account is as good as having a very liquid asset. This is because you can simply go to an ATM booth that is online all over the world, insert your card and then withdraw the money you need. In the said example, the processes that the owner needs to undergo between actually holding the asset and then holding the cash are minimal. In that instance, the asset is indeed very liquid since it can be readily changed into cash.

In contrary, if you will compare the above example with possessing a car, you cannot use such asset to instantly buy things. There are several processes to make it more liquid and be convertible into cash. Nevertheless, it can still be sold and then converted into cash eventually. For instance, you even have to look for a buyer like a bank or even an individual. It will even require you to post an advertisement for the potential buyer to see that you are selling your car.