Occidental

Real Time Trader


PayCompetitive
LocationHouston/Texas
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: 425571
      Oxy is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information. Occidental strives to attract and retain talented employees by investing in their professional development and providing rewarding opportunities for personal growth. Our goal is to meet the highest employer standards by ensuring the health and safety of our employees, protecting the environment and positively impacting our communities where we do business. We are looking for a Real Time Trader who will work rotating shifts to manage all of Oxy’s Power (generation and load) in the ERCOT and MISO markets. This high-performance position constantly interacts with operations personnel at the OxyChem facilities, electrical team personnel at Permian EOR and Resources, as well as grid reliability coordinators at entities such as ERCOT and MISO and transmission operators (such as Centerpoint, Oncor and AEP). The position is directly responsible for optimizing the profitability of Oxy’s power assets, adjusting schedules on a real-time basis in response to changes in the asset’s capabilities, and cover any financial exposure which results from changes in generation or load. In addition, they are responsible for making sure all Oxy assets are compliant with all market rules and regulations, and that asset operators immediately take any and all necessary actions to remain compliant with rules and regulations. This position would be located in Houston, Texas. Job Responsibilities · Monitor, evaluate, and implement corresponding schedule, dispatch, and trade physical power/ancillaries around Oxy’s assets to optimize their performance and profitability. · Constantly monitor the status of all IT systems and models used to submit asset parameters to the markets (Gen Models for Taft, Ingleside, and Battleground) , identify system issues such as loss of telemetry or visibility to markets, and direct OxyIT or Oxy plant personnel to rectify the issues in a timely manner, while keeping the grid operators abreast of the problems. · Real Time Traders are Oxy’s first and main point of contact at times when the electrical grid is near critical points and are responsible for alerting Oxy assets to reduce load at times when prices are high, or alert Cogen personnel when they are not properly following the dispatch set point dictated by the grid operator. · Maintain situational awareness of market conditions and monitor Oxy’s electrical asset status, parameters, ancillary services, telemetry, and outages to ensure compliance with market rules while attaining maximum profitability. · Communicate effectively with asset operators, asset managers, and real time and power group coworkers regarding market events and analysis to foster consistent flow of information and archive good decision making. In addition, communicate timely and concisely with ISOs current asset conditions and real time operations information which deviates from the normal course of operation in order to remain compliant with rules, regulations and protocols at all times. · Responsible for compliance with ISO dispatch instructions, ancillary service deployments and other ISO directives within the guidelines set forth in the applicable Regulatory Standards, Protocols, Guides, Business Practice Manuals, and Tariffs. Noncompliance with market rules has severe penalties which can include losing OPSI’s market rate base authority, financial penalties, and even civil penalties. · Build and maintain strong industry contacts in key trading regions to be able to effectively cover any shortages caused by unexpected outages in load or generation. · Maintain required training levels to ensure both job effectiveness and preparation for market rule changes in the various NERC regions and ISOs where Oxy trades wholesale power. · Manage multiple P/L spreadsheets to capture gains/losses. · Training and learning will be fast paced and will be on a timeline.
  • About the company

      Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile.