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Principal Engineer

You will take on a Project Management lead role and be responsible for managing and delivery within budget. You are to deliver Prospect projects, using your own technical expertise and experience in Engineering Design and Computational Analysis as well as group-wide technical support.

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Calculations in accordance with the regulations of the classification companies.

Follow-up of workshops and subcontractors at home and abroad.

Participation in design and product development for our projects.

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You will report to the Principal Engineer, you will support the execution of Prospect projects, using your own technical expertise and experience in Engineering Design, Computational Analysis as well as group-wide technical support.

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In this key role, you’ll have an important part to play in the wide range of new Oil and Gas developments we’re rolling out across the globe. And when you realise the scale and scope of what will often be $multi-billion projects, you’ll understand what an exciting opportunity that presents. Providing technical process engineering support, the challenges you’ll face will be as diverse as the projects you’re involved in. As well as working closely with Development Managers and Subsurface professionals to make the most of our existing sites and develop new proposals, you’ll oversee the work of contractors from conceptual studies all the way through to the detailed design stage. You’ll also contribute significantly to the development of less experienced colleagues.

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LIVE

Tuesday, 02 December, 2008, 22:10 GMT | more >>

D-day looms for OMV's MOL bid

News wires

Austrian producer OMV's unsolicited bid for Hungarian rival MOL faces a test on 7 July to determine if the combination may become the dominant oil player in central Europe, a MOL official confirmed today.

The issues will be aired at a closed hearing with a senior European Commission competition official, a hearing officer, which OMV may attend but need not. Either party can request such a hearing, and MOL is a direct party.

The Commission, the European Union's top competition regulator, laid out serious doubts about the planned merger in a tough statement of objections, those who have seen the document say.

The statement of objectionsignores questions about natural gas and focuses on wholesale products made by oil refineries, which would include bitumen, heating oil, heavy fuel oil, diesel and gasoline, OMV said in a statement.

The two companies have been in a standoff since last year, when OMV first made a takeover approach to MOL:

OMV wants to join forces with MOL amid consolidation pressure from Russia and Western players, saying merging the two companies would improve their standing. MOL said the deal would destroy value for its shareholders.

OMV has urged the Commission to look at the bid in terms of a single regional market. MOL, however, has suggested the Commission examine the effects country by country in Austria, Hungary and Slovokia.

The Commission is likely to take the approach it has in the past, for example in the TotalFina-ELF Aquitaine merger in 2000, in which it looked at nothing larger than a national market.

OMV is the power player in Austria and MOL is in Hungary, but they constrain each other's pricing, according to analysts and past public evidence.

The Hungarian competition agency decided as part of a merger deal in 2000 that OMV exerted competitive pressure on MOL in parts of Hungary for diesel and fuel, a Reuters report said.

An acquisition of a lively competitor is unlikely to clear the Commission as proposed. The Commission would require remedies to solve competitive problems.

The Commission is likely to be focusing on three refineries as a key to the problems. They are Schwechat in Austria, owned by OMV, and Bratislava in Slovakia and Szazhalombatta in Hungary, both owned by MOL.

OMV could sell a refinery, or agree to share one or more of the refineries through co-processing. However, analysts told reuters that co-processing might not be enough to solve the problems.