The international oil and gas business is both capital intensive and technically complex. Its value chain is fraught with potential risks and uncertainties both in the upstream and downstream sectors. Traditional oil and gas companies have to conduct their business with escalating levels of complexity and increasing competition. Innovative technologies such as enhanced oil recovery, oil/tar sands, and other unconventional fossil fuels particularly the shale oil boom and hydraulic fracturing are changing the landscape of the industry.
• Gain a broad perspective of the global oil business: supply, transportation, refining & trading
• Boost your fundamental analysis of the oil business: quality, blending & valuation of oil for trade, freight and netback and refinery margin calculations, vessel chartering, pipelines & terminals, etc.
• Understand oil market forwards, futures and hedging
• Learn the technical, commercial, legal, and environmental aspects of the oil and gas business
• Appreciate the causes and impact of the recent price volatility in crude oil and natural gas markets.
• Recognize the cause and effect of unconventional oil and gas on the industry from a financial and environmental perspective.
Who Should Attend
• Project Managers
• Business Development managers
• Personnel needing to gain or improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms
Day One: Global Oil Supply Fundamentals
• Introduction to course
• The essence of International Oil Supply – Global Reserves, Production & Trade
• OPEC & EIA / NOC’s & IOC’s
• Oil and Gas Value Chain (I)
• Fundamentals of Oil & Gas Geology and Petroleum Engineering
Day Two: Crude Oil Refining and Marketing
• Oil and Gas Value Chain (II)
• Basic Refining – Types and Complexity
• Refinery Utilization and Refining Margins and Costs
• Future prospects of Refining
• Product Exchange Agreements, Sales, and Marketing of Petroleum Products
Day Three: Oil Market Evolution, Transportation, Distribution and Pricing
• Crude Oil Markets and Fiscal Regimes
• Supply and Demand and Economics of Oil and Gas
• Petroleum Transportation Logistics and Tankers Chartering
• Pipelines and Storage Terminals, Bills of Lading and Letters of Indemnity
• Basic Principles in Pricing and Overview of Markets
Day Four: Profitability: Oil Trading and Retailing
• Introductory Concepts in Oil Trading
• Essential Elements in Crude Oil Sales Contracts
• Downstream Supply Chain management
• Total Barrel Economics and Carbon Capture and Storage
Day Five: Risk & Price Management
• The Spot Market
• Oil Markets – The Physical Futures or Forward Markets
• Limitations of Forwards and Futures Markets
• Derivative products: Swaps and Options
• Price Exposure, Hedging & Risk Management
• Course Evaluation and Close
NOT INTERESTED IN THIS COURSE?
We always want to improve the quality of our courses. Please select any reasons why you feel this course is inadequate (check all that apply).