Introduction

This course has been specifically designed to develop the finance skills of those working in the Energy Industry. The industry is capital intensive, with long lead times form exploration to revenue and highly volatile in terms of energy prices and costs. As a result financial knowledge and skills are essential for all professionals working in the industry.

This training course will highlight:

  • Financial and Excel skills to improve analysis and decision making
  • The Role of Finance and Accounting in the Energy Industry
  • An Evaluation of Financial Performance to aid improvement
  • Energy Project Finance and Investment Appraisal
  • Financial Management of Projects and Financial Risk such as Energy Price volatility

Objectives

By the end of this training course, participants will learn to:

  • Use Excel to aid analysis
  • Evaluate their organisational financial performance
  • Make sound investment decisions
  • Manage financial aspects of projects
  • Manage financial risk effectively

Training Methodology

Participants to this training course will receive a thorough training on the subjects covered by the seminar outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Seminar methodology includes:

  • The evaluation of real world Case Studies from the Energy Sector
  • Video presentations
  • Lectures and group discussions
  • Exercises
  • Customized delivery methods

Delegates will be encouraged to participate actively in relating the principles and skills of the course to the particular needs of their workplace.

Organisational Impact

As a result of sending employees to attend this course the organisational will gain:

  • Informed staff, engaged with the latest developments
  • Improved risk management
  • Staff with knowledge of the latest tools and techniques
  • Improved performance with staff better able to meet customer needs
  • An improved finance and risk management culture

Personal Impact

As a result of attending this course the individual will gain:

  • Improved knowledge and understanding
  • The ability to apply new skills
  • Up-to-date knowledge
  • Legal, financial and risk management knowledge and skills
  • The ability to improve their roles and career growth

Who Should Attend?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Managers with financial responsibility
  • Professionals whose role involves economic or financial decisions
  • Professionals with an interest in finance
  • Line managers and supervisors with an interest in the financial performance of their organisation
  • Professionals who aspire to become active decision makers

The Course Outline

Day One: Finance Skills

  • What is Finance?
  • Financial Calculations relevant to the Energy Industry
  • Excel & Financial Data Analysis
  • Evaluating the Volatility of Energy Variables – Oil Price, Crack Spread, Interest Rates, Exchange Rates
  • Mean & Standard Deviation
  • Correlation

Day Two: Finance & Accounting

  • The Role of Financial Management
  • The Role of Finance in the Energy Industry
  • Methods of Raising Finance for Energy Projects
  • The Cost of Finance
  • Leverage/Gearing and the Optimal Capital Structure
  • Accounting in the Energy Industry

Day Three: Evaluating the Financial Performance of Companies in the Energy Industry

  • Understanding Published Financial Statements
  • Liquidity, Profitability & Operational Performance
  • Energy Industry Performance Measures
  • Du-Pont Analysis
  • Stock Market Performance
  • Benchmarking the Energy Industry & The Market

 Day Four: Energy Project Finance

  • Major Energy Projects
  • Project Finance
  • Special Purpose Vehicles
  • Payback, NPV & IRR – Evaluating Energy Projects
  • Financial Risk Management
  • Calculating the Cost/Benefit of Hedging Financial Risk

Day Five: Financial Management of Energy Projects

  • Budgetary Management of on-going Projects
  • Earned Value Analysis
  • Variance Analysis
  • Re-financing Decisions
  • Financial Evaluation of Project Performance
  • Financial v Social & Economic benefits

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