Asset Optimization Engineer

BP • Houston, TX

5d • Hybrid

About The Position

This role supports internal predictions for natural gas demand and translates those predictions into pricing strategies. The Asset Optimization Engineer will leverage knowledge of energy production and operations, including the chemical make-up of natural gas (heat content, nitrogen, oxygen, and carbon), to determine how this affects natural gas transportation in the pipeline to optimize processes and logistics. The position involves monitoring necessary volumes and surpluses in the region and performing market analysis to identify fluctuations in natural gas costs. The engineer will facilitate the optimization of existing and new assets in the portfolio by providing expertise in pipeline optimization engineering. This role works closely with origination, market analytics, and other teams to build and execute the Mexico Team and South Texas gas asset strategy, and facilitates cross-border communication and relationship management with stakeholders in the South Texas and Mexico Regions. The position may involve working from home on a hybrid schedule within 50 miles of Houston, TX, and requires 5% domestic and international travel.

Requirements

• Bachelor’s degree or foreign equivalent in Chemical Engineering, Petroleum Engineering, Finance, Economics, Actuarial Science, or a closely related field.
• Four (4) years of experience utilizing in-depth knowledge of and analyzing pricing mechanisms, supply and demand dynamics, and regional market behaviors in both the U.S. and Mexico.
• Two (2) years of experience 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.
• Two (2) years of experience utilizing Energy Trading and Risk Management (ETRM) tools to manage positions, transactions, logistics, and risk exposure.
• Two (2) years of experience utilizing the ICE Exchange platform for executing trades and monitoring market activity.
• Two (2) years of familiarity with financial and physical natural gas products, including the ability to buy, sell, hedge, and manage trading positions.
• Two (2) years of applying historical context of business environment for Mexico based counterparties to grow and maintain customer footprint in Mexico.

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level