The Financial Skills for the Energy Industry training course is designed to equip professionals in the energy sector with the essential financial knowledge and skills required to navigate the complexities of this capital-intensive, high-risk industry. Given the long lead times from exploration to revenue generation and the volatility of energy prices, understanding financial management is critical to making informed decisions and driving success in this field. This course focuses on practical financial skills, empowering participants to evaluate organizational performance, manage financial risks, and make sound investment and project decisions.
By the end of the course, participants will be proficient in utilizing Excel for financial analysis, assessing financial performance, and managing the financial aspects of energy projects. They will also gain the tools needed to navigate the unique financial challenges of the energy industry, ensuring that they are well-equipped to make strategic decisions that benefit both their organizations and their professional growth.
By the end of this Energy Training Centre 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
Participants to this Financial Skills for the Energy Industry training course will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training 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 training course to the particular needs of their workplace.
As a result of sending employees to attend this training course the organisations 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
As a result of attending this training 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
This Energy Training Centre 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
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
