Fundamentals Trade Analyst

CNOOC International Limited; Calgary; On-site; CAD 70,000 - 110,000; Full time

Job summary

CNOOC International Limited is actively seeking a senior professional to contribute to market analysis across crude oil, natural gas, and power pricing. The role emphasizes forecasting, data interpretation, and providing strategic insights for trading and business development.

You will leverage third-party analyses and internal models, preparing daily and monthly reports to guide trading decisions and investment opportunities.

Qualifications

• University degree in Commerce, Economics or Business Administration is preferred.
• 6+ years of experience in the oil and gas industry, preferably in Marketing or Marketing related areas (Marketing Accounting, Corporate Planning, Credit/Contracts).
• Strong attention to detail with proven capability and ability to manage multiple and/or conflicting priorities.
• Strong communication skills, both verbal and written.
• Comprehensive understanding of pipeline logistical framework.
• Excellent interpersonal skills with a demonstrated ability to interact both internally and externally.
• A track record of developing a good external network and/or relationships with peers in Industry, joint venture partners and stakeholder organizations.
• Attention to detail; strong analytical, critical thinking and problem solving skills.
• Solid skills in Microsoft Word, Excel, Outlook; Powerpoint; Right Angle and ZEMA experience preferred.
• Self-starter with initiative.
• Strong organizational and time management skills.

Responsibilities

• Utilize third party analysis and supply/demand models to forecast Crude Oil, Natural Gas and Power prices for trading, budgeting and long-term reserves forecasts.
• Monitor Global Inventories of Crude Oil and refined products.
• Monitor Refinery Runs.
• Monitor Pipeline and Rail movements.
• Geopolitical events.
• Develop long term local and global supply/demand models for market intelligence into Crude Oil Natural Gas and Power prices.
• Daily Crude Oil, Natural Gas and Power Analytic Reports (Daily Pricing, Export Line Usage, Peer Production, Refinery Utilization, Storage).
• Monitor and analyze daily pipeline and rail export data; report daily to traders to guide equity decisions.
• Publish a monthly trade fundamentals outlook for trading prior to the Canadian Trade Cycle.
• Monitor and analyze daily power usage at local production sites for trader intelligence.
• Monitor and analyze weekly inventories affecting pricing (WCS, WTI, AECO, Henry Hub).
• Research new market trends and data to identify events impacting equity production.
• Provide market expertise and economic evaluation of new opportunities (upstream/downstream pipelines, arbitrage, storage).
• Prepare slide decks for market and business updates (Board slides, new opportunities, Marketing 101).
• Support opportunities for gas on-call trading and scheduling.

Skills

Communication skills

Attention to detail

Analytical thinking

Project management

Organizational skills

Time management

Stakeholder relations

Education

University degree in Commerce, Economics or Business Administration

Tools

Microsoft Word

Excel

Outlook

PowerPoint

Right Angle

ZEMA

Job description

Welcome to CNOOC International. We are a global energy company and subsidiary of CNOOC Limited with a vision of delivering safe, sustainableenergy for all.

CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas, the Middle East and Europe. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.

Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value.

In Canada, CNOOC International has oil sands assets in Long Lake, located in northern Alberta just south of Fort McMurray, which is a SAGD and partial Upgrader operation with production capacity of 85,000 barrels of bitumen a day. We also have interest in several other oil sands projects, including Hangingstone, operated by Greenfire Resources Operating Corporation and Syncrude’s oil sands mining upgrading facility. In addition to our oil sands business, we have shale gas land in Northeast British Columbia, a power station in Balzac, Alberta, and interest in a wind farm in southern Alberta. Calgary is our regional corporate office for all North America.

CNOOC and You

Your career at CNOOC is about moving forward – learning new skills, broadening experiences, and making meaningful contributions. From personal career development that enables you to fulfill your potential, to employee programs that help you make the most of work life balance.

We encourage and promote work-life balance by allowing you to participate in our Compressed Work Schedule (CWS) that will give you two Fridays off per month and flexible work hours.

In exchange for your dedicated work is a total rewards package that not only recognizes your contribution, but also provides for your family. We offer competitive Company-paid benefits that support your mental, physical and financial well-being! Including an annual Wellness Account, a generous paramedical allowance, and access to a team of Virtual Health Care professionals to guide you to the right medical resource. Save for your future by participating in our Pension plan and join our Savings Plan with Company-matching. We encourage you to further step up for your community by giving you two paid volunteer days, volunteer rewards and sports grants to support causes you are passionate about.

Your Background

• University degree in Commerce, Economics or Business Administration is preferred;
• 6+ years of experience in the oil and gas industry, preferably in Marketing or Marketing related areas (Marketing Accounting, Corporate Planning, Credit/Contracts);
• Strong attention to detail with proven capability and ability to manage multiple and/or conflicting priorities;
• Strong communication skills, both verbal and written;
• Comprehensive understanding of pipeline logistical framework;
• Excellent interpersonal skills with a demonstrated ability to interact both internally and externally;
• A track record of developing a good external network and/or relationships with peers in Industry, joint venture partners and stakeholder organizations;
• Attention to detail; strong analytical, critical thinking and problem solving skills;
• Solid skills in Microsoft Word, Excel, Outlook; Powerpoint; Right Angle and ZEMA experience preferred;
• Self-starter with initiative;
• Strong organizational and time management skills.

Your Role with Our Team

• Utilizing third party analysis and supply/demand models to forecast Crude Oil, Natural Gas and Power prices for trading, budgeting, long-term price and reserves forecasts:
  • Monitoring Global Inventories of Crude Oil and refined products;
  • Monitoring Refinery Runs;
  • Monitoring Pipeline and Rail movements;
  • Geopolitical events.
• Develop long term local and global supply/demand models for market intelligence into Crude Oil Natural Gas and Power prices.
• Daily Crude Oil, Natural Gas and Power Analytic Reports (Daily Pricing, Export Line Usage, Peer Production, Refinery Utilization, Storage).
• Monitor and analyze daily pipeline and rail export data; corporate earnings and outage data. This data is compiled into a report daily and sent to the traders to help them make informed decisions on equity sales:
  • Publish a monthly trade fundamentals outlook for trading to review prior to the Canadian Trade Cycle.
• Monitor and analyze daily power usage at local production sites. This data is compiled into a daily report to give traders intelligence on the supply/demand of Western Canadian production.
• Monitor and analyze weekly crude oil, Natural Gas and products inventories. Both the Canadian and US inventories levels are critical indicators for pricing of the WCS differential and WTI (The two largest factors in our equity production pricing) and the AECO and Henry Hub gas markets.
• Researching new market trends and data to identify events that would positively or negatively affect our equity production.
• Provide Market expertise and economic evaluation of new business opportunities such as:
  • Upstream and Downstream Pipeline and/or tank commitments;
  • Arbitrage and Storage Opportunities;
  • Economic support and analysis of new production proposals.
• Prepare slide decks for market and business updates as needed:
  • Board meeting slides;
  • New market opportunities;
  • Marketing 101 presentations;
  • Hedging presentations.
• Development Opportunities to support Natural Gas on call Trading, Crude Oil/Natural Gas Scheduling and Marketing Business Development.

The opportunities are limitless when you join our team. Our employees are encouraged to drive their development, enhancing their career through experiences, exposure, and education. A mentoring program, on-demand e-Learning courses, and formal training opportunities are all ways in which CNOOC International supports your career growth.

Closing Statement

All positions require background checks which could include: