BP

Asset Optimization Engineer

BP$110K — $130K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Chemical Engineering, Petroleum Engineering, Finance, Economics, Actuarial Science, or related field.
  • 4+ years of experience in energy markets with a focus on natural gas.
  • Two years of experience with natural gas infrastructure including pipelines and LNG terminals.
  • Proficient in Energy Trading and Risk Management (ETRM) tools and the ICE Exchange platform.
  • Strong analytical skills in pricing mechanisms and supply-demand dynamics.

Responsibilities

  • Support predictions for natural gas demand and develop pricing strategies.
  • Analyze the chemical make-up of natural gas to optimize transportation and logistics.
  • Monitor market volumes and surpluses, performing market analysis for cost fluctuations.
  • Facilitate asset optimization through expert pipeline engineering.
  • Collaborate with teams to execute South Texas gas asset strategy.
  • Manage relationships and communication with stakeholders in South Texas and Mexico.

Benefits

  • Hybrid work schedule with flexibility to work from home within 50 miles of Houston.
  • 5% domestic and international travel opportunities.
Full Job Description

Entity:

Supply, Trading & Shipping


Job Family Group:

Supply & Trading Group


Job Description:

Employer:      BP America Inc.

Job Title:        Asset Optimization Engineer

Location:       201 Helios Way, Houston, TX 77079 (May work from home on a hybrid schedule within 50 miles of Houston, TX)

Duties: Support internal predictions for natural gas demand and translate those predictions into pricing strategies. Leverage knowledge of energy production and operations including the chemical make-up of natural gas, heat content, nitrogen, oxygen and carbon and determine how the chemical make-up affects natural gas transportation in the pipeline to optimize processes and logistics. Monitor the necessary volumes and surpluses in the region and perform market analysis to identify fluctuations of costs of natural gas. Facilitate optimization of existing and new assets in the portfolio by providing expertise in pipeline optimization engineering. Work closely with the rest of the bench origination, market analytics and other teams to build-out, and execute on, the Mexico Team and South Texas gas asset strategy. Facilitate cross-border communication and relationship management with stakeholders in the South Texas and Mexico Regions. May work from home on a hybrid schedule within 50 miles of Houston, TX. 5% domestic and international travel required.

Minimum Requirements: Bachelor’s degree or foreign equivalent in Chemical Engineering, Petroleum Engineering, Finance, Economics, Actuarial Science, or a closely related field plus four (4) years of experience utilizing the following: In-depth knowledge of and analyzing pricing mechanisms, supply and demand dynamics, and regional market behaviors in both the U.S. and Mexico. Experience to include two (2) years with natural gas infrastructure, including pipelines, storage facilities, LNG terminals, power plants, hubs, and their interconnectivity to optimize asset positions, forecast demand, and evaluate market access; utilizing Energy Trading and Risk Management (ETRM) tools to manage positions, transactions, logistics, and risk exposure; utilizing the ICE Exchange platform for executing trades and monitoring market activity; familiarity with financial and physical natural gas products, including the ability to buy, sell, hedge, and manage trading positions; and applying historical context of business environment for Mexico based counterparties to grow and maintain customer footprint in Mexico.


Travel Requirement

Negligible travel should be expected with this role


Relocation Assistance:

This role is not eligible for relocation


Remote Type:

This position is a hybrid of office/remote working


Skills:

.

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

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