SciComp - Futures Volatility Surface Calibrator

Powerex Corporation: Quantitative Analyst Job

 

The successful candidate’s responsibilities will include the following:

•           Analyses to support the risk management and trading of a diverse portfolio of physical energy and related energy derivative products.

•           Accurately producing regular and custom risk reporting in a timely manner.

•           Conducting custom analysis to support the evaluation of structured and strategic business opportunities.

•           Participation and leadership in team initiatives to maintain and improve risk measurement models, valuation models, risk reporting, and monitoring tools.

•           Monitoring trade activity for compliance within the risk policy limits.

Please read more herehere and here.

Essential Power: Director of Energy Risk Management Job

 

This position is responsible for all risk management processes, including analysis, measurement, monitoring and reporting of Essential Power’s energy and commodity portfolio and associated enterprise risk management activities.  In addition, this position is responsible for providing leadership for the Enterprise Risk Management function including assessments, monitoring, reporting and governance. 

Please read more here and here.

Saudi Aramco: Analyst/Consultant Job

Saudi Aramco is seeking a Financial Analyst/Consultant to join the Joint Venture Support Division of the Joint Venture Support and Financial Consulting Department (JVS&FCD). Finance representatives are periodically selected from our pool of analysts and placed in CFO/Controllership positions with one of the Company's business lines, joint ventures (JV), affiliates, subsidiaries, global operations, or mega projects. JVS&FCD is a part of the Finance Business Line in Saudi Aramco and reports to the Controller's organization.

The Joint Venture Support Division is responsible for providing support to senior management and various business lines as it relates to JV matters. This support is provided through management reporting, financial analysis, financial advisory services, and financial reporting. The Financial Analyst/Consultant will work on high-profile assignments.

Core job requirements will include, but are not limited to:

  • Strong management skills 
  • Ability to manage competing priorities 
  • Effective oral and written communication skills 
  • Ability to working in a multi-cultural environment 

 

Please read more here.

Shell Oil Refinery in Norco, Louisiana

Another Tulane Energy Institute hard hat trip - touring Shell's oil refinery in Norco, Louisiana.

Entergy Louisiana Builds State-of-the-Art Electric Power Generation Unit

Some of my colleagues and I from the Tulane Energy Institute recently spent several hours hiking around this $721 million natural gas unit under construction at the Ninemile Point Plant in Westwego, Louisiana.  It will generate 550 megawatts of electric power when completed in 2015. I think I like wearing a hard hat. LOL!

Oil Prices Rise Due to Global Geopolitical Turmoil

 

A series of geopolitical events pushed prices higher by raising concern that oil supplies could be disrupted, even though no disruptions were imminent. The Obama Administration announced new sanctions against Russian energy firms after the market closed on Wednesday, including against Rosneft, Russia's biggest oil producer. While analysts say it is unlikely to cause any dip in production or exports in the short term, it could prevent or delay future exploration and production.

The crash of a Malaysian Airlines passenger plane over Ukraine — which Ukrainian officials said was shot down — raised the risk of a sharper conflict between Ukraine and Russia that could lead to even tighter sanctions against Russia. And fighting in the Gaza strip intensified after a shaky cease-fire expired, yet another source of turmoil in the Middle East, the world's most important oil-producing region.

"Although oil balances will not be impacted, it gives the oil complex another reason to inject some geopolitical risk premium," wrote energy analyst Jim Ritterbusch in a research note to investors.

The jitters about potential disruptions came on the heels of a surprisingly large decline in supplies in the U.S. On Wednesday, the Energy Information Administration said U.S. crude oil inventories fell by 7.5 million barrels to 375 million barrels in the week of July 11. The fall was more than double what analysts had expected, and reversed what had been a three-week slide in prices.

Please read more here.

"Enron: The Smartest Guys in the Room" (trailer)

 

 

Enron - one of my old stomping grounds...

Financial Times: US Shale Revolution Has Averted the Threat of a Global Oil Crisis

 

Advances in US shale have coincided with political upheaval in big oil-producing countries. Political instability in Libya, Iraq and Venezuela has stoked concerns about disruption and threats to future supplies. International sanctions on Iran have also reduced the global supply of oil, and Nigeria’s industry is plagued by theft.

Were it not for the new production in the US, which has cut the country’s imports sharply, there would probably be talk of another world oil crisis. As a global energy supplier, it is, in the words of Madeleine Albright, the former secretary of state, the “indispensable nation”.

 

Please read more in the Financial Times.

Saudi Aramco's Finance Business Line: Petroleum Engineering Planning & Performance Analyst Job

 

The selected candidate will be responsible for supporting all planning and performance management activities for the assigned business.

The analyst must be capable of managing planning and performance related activities in a dynamic portfolio of businesses and is able to adapt to changing priorities.

In addition, they will be responsible for analyzing periodic performance and for preparing the resulting management reports using plan, actual, and forecast data, thus enabling the business to actively manage performance.

Please read more here.

Trading Report: U.S. Dollar Is Now In It’s "Death Spiral"

 

 

by Michael Snyder

The power of the almighty dollar has allowed all of us living in the United States to enjoy an extremely high standard of living for decades, but as that power now fades it is going to have profound implications for the U.S. economy.  In future years the value of the dollar will go down substantially, all of the imported goods filling our stores will become much more expensive, and it is going to cost the federal government a lot more to borrow money.  Unfortunately, with the stock market hitting all-time record highs and with the mainstream media endlessly touting an “economic recovery”, most Americans are not paying any attention to these things.

French oil giant Total is one of the largest energy companies in the entire world.  On Saturday, Total’s CEO made an absolutely stunning statement.  According to Reuters, he told reporters that there “is no reason to pay for oil in dollars”…

If Russia's Gazprom’s CEO had made such a statement, it would not have really surprised anyone.  But this came from a high profile French CEO.  A decade ago, it would have been unthinkable for him to say such a thing.  Wars have been started over less.  Virtually all oil and natural gas around the planet has been bought and sold for U.S. dollars since the 1970s, and this is an arrangement that the U.S. government has traditionally guarded very zealously.  But now that Russia has broken the petrodollar monopoly, the fear of questioning the almighty dollar appears to be dissipating.

...as the Russians now rapidly move away from the U.S. dollar, they seem intent on bringing the rest of “the BRICS” with them.  The following is a short excerpt from a recent Voice of Russia article entitled “BRICS morphing into anti-dollar alliance“…

 

Of course the key economic player in the BRICS alliance is China.

So will China actually go along with a “de-dollarization” strategy?

Well, the truth is that China has been making moves to become more independent of the dollar for a long time, and it has just been announced that China and South Korea have signed an agreement which will mean more direct trade between the two nations using their own national currencies

Please read more here.

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