Understanding Success Factors in The Oil and Gas Industry
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Understanding Success Factors in The Oil and Gas Industry Course
Introduction:
In today's dynamic economic environment, multinational International Oil Companies (IOCs) and National Oil Companies (NOCs), both in the upstream and downstream sectors of the oil and gas supply chain, are confronted with numerous challenges. The recent fluctuations in crude oil and natural gas prices have compelled companies to reimagine their strategies and move away from traditional planning approaches.
This highly interactive training course aims to provide a comprehensive understanding of the key challenges faced by the international oil and gas industries. It equips participants with the essential skills and knowledge to effectively identify and address these challenges. Additionally, the course prepares attendees for increased responsibilities and leadership roles within their respective organizations.
By actively participating in this training course, individuals will gain valuable insights into the complexities of the oil and gas industry, enabling them to make informed decisions and implement effective strategies. They will develop the necessary skills to navigate the volatile market conditions, optimize operations, and seize opportunities for growth and success. Moreover, the course will enhance their readiness to take on senior roles and contribute to the strategic direction of their organizations.
Join this training course to broaden your understanding of the oil and gas industry, strengthen your problem-solving capabilities, and enhance your leadership skills. Be prepared to tackle the challenges of the industry head-on and drive your organization towards sustainable growth and profitability.
Course Objectives:
By the end of the Understanding Success Factors in the Oil and Gas Industry Training Course, you will be able to:
- Gain a broad understanding of the petroleum industry and the companies that make up this industry
- Learn about the important issues facing our industry and strategies used to address these issues
- Gain specific skills in strategic planning, setting goals, budgeting, and finance
- Understand the management and allocation of resources (money, time, people, tools, and technology)
- Develop an understanding of the derivatives markets and an awareness of hedging risk
- Understand and compare international fiscal systems
- Learn about the geopolitical issues surrounding global oil & gas supply and transportation
Who Should Attend?
Contracting Consultants, the Understanding Success Factors in the Oil & Gas Industry training course will also be useful to personnel in leadership roles that need to improve their leadership presence and learn more about strategic planning in the oil & gas industry.
- Business Development Professionals
- Corporate Planning Professionals
- Geoscience and Engineering Specialists
- Refinery Professionals
- Supply Planners and Scheduling Professionals
Course Outlines:
Overview of the Oil & Gas Industry
- Origins and formation of fossil fuels
- Chemistry and characteristics of petroleum
- Exploration for oil & gas
- Oil & Gas production
- Global oil supply and reserves
- Reserves, estimation, and evaluation
The Supply Chain
- The Oil and Gas supply chain
- Logistics – Transportation and Storage
- Adding Value – Refining
- Refined product, specifications
- Natural Gas processing
- Sales and marketing of refined products and Natural Gas
Energy Trading and Economics
- Oil & gas economics
- Energy trading and commodities
- Crude oil production and lifting costs
- Crude Oil pricing regimes and strategies
- Trading (I) – Real and liquid markets
- Trading (II) – Derivatives, futures, options, and swaps
The Future of Fossil Fuels
- Petroleum – consumption, supply, and demand
- Future prospects for the oil & gas industries
- Peak oil – trends and consequences
- Financial and energy risk management
- Risk management and hedging
- Risks for oil & gas companies
Strategic Analysis for the Oil & Gas Sector
- IOC & NOC strategic interests and competitive advantage
- Contracting strategies for the oil and gas industries
- Strategic value analysis for competitive advantage
- Strategic analysis for the oil & gas sector
- Project appraisal from a strategic perspective
- Geopolitical risks and opportunities