Condensate Marketer

Canadian Natural•Calgary, AB

10d•Onsite

About The Position

At Canadian Natural, we are dedicated to driving innovation and excellence in the energy sector. As a recognized leader in Canada’s energy industry, we operate one of the strongest and most diversified asset portfolios of any independent energy producer in the world. Make your mark while you grow your career! As a Condensate Marketer, you will be a key member of the Crude Oil Marketing team, responsible for marketing Canadian Natural’s condensate and C5+ production, purchasing diluent supply, and supporting reliable blending and transportation of heavy oil and bitumen. Working closely with Crude Oil Marketing, Scheduling, Operations, Accounting, Credit, and Legal, you will help execute commercial transactions, develop market views, resolve day-to-day issues, and identify opportunities to improve value across Canadian Natural’s liquids portfolio. Your understanding of Western Canadian condensate, diluent and crude oil markets, combined with strong commercial judgment and attention to detail, will contribute to your success in this role.

Requirements

5 + years of experience in condensate, NGL, trading, scheduling or commercial business development
Bachelor’s degree in business, Economics, Finance, Engineering or a related discipline
Strong understanding of Western Canadian crude oil, condensate and NGL markets
Practical knowledge of heavy oil and bitumen blending economics
Experience negotiating or supporting purchase, sale, exchange, transportation, storage or terminalling agreements
Strong analytical skills with the ability to evaluate pricing, differentials, netbacks, quality, transportation costs and commercial alternatives
Strong communication and relationship management skills, with the ability to work effectively with internal teams and external counterparties
Ability to manage competing priorities, resolve issues and make timely recommendations in a fast-paced commercial environment
All candidates applying to Canadian Natural must have legal authorization to work in Canada with no restrictions.

Responsibilities

Market Canadian Natural’s condensate volumes to maximize value and maintain reliable product placement for blending operations
Analyze condensate market fundamentals, including pricing, supply, demand, imports, storage, pipeline capacity, blending demand(s) and market trends across key North American condensate hubs
Negotiate and execute spot and term condensate purchases, sales, exchanges, storage and transportation arrangements
Work with Logistics and Scheduling to coordinate pipeline nominations for receipts, deliveries, inventory and ad-hoc transportation alternatives
Proactively identify and originate commercial opportunities with respect to location, timing, quality, transportation, storage and counterparty alternatives to improve operational netbacks
Maintain accurate contract, pricing, position and exposure information in accordance with internal credit, risk and governance requirements
Resolve commercial, scheduling, quality, measurement and invoicing issues with internal teams and external counterparties
Prepare market updates, pricing analysis, deal summaries and recommendations for management
Evaluate commitments and access to infrastructure with respect to long-term strategy
Develop and maintain external relationships to expand market presence