This International Petroleum Business training course will highlight the added value in enhancing international petroleum business and in managing decision making.
The business of oil and gas is multifaceted, technically complex, highly capital intensive and often confronted with potential capital risks and price risk uncertainties. Today’s oil companies’ are dealing with ever increasing levels of complexity and competition. The innovative technologies in the recovery of oil are also changing the landscape of petroleum industry. Integration of refining and petrochemicals to achieve greater efficiencies is yet another critical factor in the business. Managing international supplies, refining and trading of oil require several cross-functional skills. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills. Their strategies must include how to achieve the supply chain value maximization, and how to create and manage portfolios that can withstand the price volatility while maximizing profits.
This Energy Training Centre training course will feature:
- The basics of oil and gas exploration, production, and its recovery economics to fully understand this global business that fuels the global economy
- The essential concepts and business practices of the international oil supply, transportation, refining, and trade in oil and gas industry
- Fundamentals of oil economics and of crude oil transportation
- Basic Refinery operations, economics and the environmental aspects
- Basic Principles in crude oil pricing and overview of crude oil and refined products markets.
- Essential elements in crude oil and refined products sales contracts
- Supply logistics - major international pipelines, shipping routes, and choke points
- It seamlessly covers the wide-array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen in the completive and low price environment
By the end of this International Petroleum Business training course, participants will be able to:
- Gain broad perspective of global oil business, supply, and transportation, refining & trading
- Boost your understanding of the fundaments of oil business: quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
- Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
- Evaluate the technical, commercial, legal, safety and environmental aspects of oil business
- Confidently discuss the technical terms, concepts and buzzwords with your peers and clients
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The daily workshops will be highly interactive and participative. Participants will learn by active participation throughout the course through the use of training course materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.
This training course is suitable to a wide range of professionals but will greatly benefit:
- Business Development managers
- Corporate Planning professionals
- Geoscience & Engineering professionals
- Refinery professionals
- Supply Planners & Scheduling professionals
- Government regulators
- Law professionals
- Tax & Finance advisors
- Auditing personnel
- Compliance officers
- Equity analyst and Bankers
- Joint Venture officers
- Negotiators and Contracting professionals
- Trading professionals
Day One: Exploration, Production, Supply and Petroleum Economics
- Introduction to How Oil was Formed
- Origin, Accumulation and Migration Of Petroleum
- Essential Requirements For Hydrocarbon Accumulation
- Fundamentals of Oil & Gas Geology and Petroleum Engineering
- Introduction To Oil & Gas Geology
- Simple Anticline Structural Trap
- Barrier or Closure – Reservoir Traps - Reservoir Mapping
- Oil & Gas Drilling Techniques
- Types Of Drilling – Exploration, Delineation, Appraisal, Developmental, Maintain Potential Wells
- Drilling Circulatory System – Safety And Environmental Impact
- Well Logging and Well Completion
- Tools and Techniques for Evaluating Oil & Gas Wells
- Open and Cased Well Logs
- Functions of Well Casing
- Benefits of Horizontal Well over Vertical well - Multilateral Well Completions
- Tools and Techniques for Evaluating Oil & Gas Wells
- Essence of International Oil Supply – Global Reserves, Production & Trade
- Introduction to global oil business - Exploration, Extraction, Refining, Marketing, Transportation
- Global Oil Resources – World Oil and Gas Reserves, Production of Oil and Gas
- Industry units – for the USA, Europe and Asia, Conversion factors
- Crude Oil Classifications
- Crude Oil Quality Indictors, crude oil characterization by Assays
- Crude Oil Distillation – Refined Products
- Oil Industry Units and Conversion factors
- Fundamentals of Oil Economics
- Delivered price of crude oil – the concept GPW (Gross Product Worth)
- Net Refining Margin calculation
- Value of Crude Oil and the Determining Factors in Crude Selection
- Measures of Efficiency –DCFROR, Profitability Index, Unit Marginal Cost
- How to Determine Economic Limit of Oil & Gas Fields
- Investment Decision-Making Criteria
Day Two: Transportation, Refining and Marketing
- Fundamentals of Crude Oil Transportation – Tankers and Chartering
- International Oil Tanker Sizes, Tonnage
- Types of Charters and Charter Parties
- Freight Payment, Chartering Mechanism, Voyage Charter, Time charter
- Roles of Shipbroker, Shipping Agent, Bunkering, Arbitrage, Net daily Contribution
- Basic Principles in Pricing and Overview of Markets
- Causes of Oil Price Volatility
- The History of Oil Price – Real and Nominal
- The Future of Oil Price - Oil Imports & OPEC’s Production, & Consumption
- The Future of Oil Price - Global Reserves Replacement Ratio
- The Physical and Paper – Oil Markets
- Price Markers of the World – Crude Oil Benchmarks: WTI, Brent, Dubai/Oman, ASCI, OPEC Reference Basket
- Methods of Sale – Spot, Term
- Regional Pricing – North America, Europe & Asia
- Price Reporting Methodology – Price Report
- Crude Oil Markets
- History of Crude Pricing
- Location of Pricing
- Marker crudes
- Refined Products Quality
- Crude Oil Refinery – Size and Configuration – Skimming, Catalytic, Thermal Cracking
- Refinery Yields by Crude Type, Refinery Margin Calc., and factors affecting Profitability
- Key Refinery products and Specifications
- Need for Blending and blending exercise
- Prices at Pump, Oil & Gas Earnings Versus Other Industries , Return on Investments
- Refined Products Market
- Product Pricing Determinants
- Product Pricing Quotations
- Product Pricing Spec-base
- Product Pricing Assessments
- Fundamentals of Product Trading
Day Three: Contracts, Sales and Marketing Logistics
- Essential Elements in Crude Oil Sales Contracts
- The Objective, the parts of Contract, and Contract Confirmation
- Attributes and Buyer/Seller Responsibilities with INCO Terms – FOB, CFR, CIF, DES
- Important Oil Contracts Clauses
- Payment and Security
- General terms and Conditions
- Basic Refining II – Conventional Refinery Upgrading
- Cat Cracking
- Hydrocracking
- Visbreaking
- Coking
- Basic Refining III – Sulfur Reduction
- Sulfur Reduction Methods – Lighter Compounds and Heavier Compounds
- Hydroprocessing
- Sulfur Reduction measures
- Other Sulfur Reduction Processes
- Contracts – Elements of Risk
- Identify areas of risk
- Credit performance risk – LOC, Standby LOC, Parent company Guarantee
- Operational Risks - Vessel nominations, Quantity and Quality, etc.
- Charter Party Risks
- Basic Refinery IV – Economics & Environmental Aspects
- Yields for Different Configurations
- Value Contributions for Different Configurations
- Investments costs
- Environmental Considerations
- Primary Logistics
- Pipeline transfers - Advantages and Disadvantages
- Pipeline Scheduling
- Pipelines Investment Considerations - Tariffs and Operating Economics
- Major Pipelines of the World
- Storages
- Losses – Net loss, In-Transit Loss, Inturn loss, Outturn Loss
Day Four: Market Structures and Trading
- Introductory Concepts in Oil Trading
- Players in the Oil Market
- Success factors in Trading
- Risk Factors in Trading
- Trading Objectives and Price Movements
- Market Structures – Contango and Backwardation
- Interface with retailers
- Competitive Marketing – Primary and Secondary Supply
- The Value Chain – E&P to the Customer
- The Retail Market Place
- Fully Vertically Integrated Oil Company Model
- The Essential Success factors in Retailing
- Downstream Supply Chain management
- The Essential Success factors in Supply Management
- Total Barrel Economics
- Measures of Profitability
- Net Marketing Revenue – Refinery Netback
- The Cost of Supply and Total Barrel Margin
- Transfer price – An Alternate Value
- Typical Oil Company, Distribution and Marketing Costs
- Maximizing Corporate Profits
- Oil Markets – Futures
- Market differences – Forwards and Futures
- Characteristics of Futures Contract
- What is Futures Market?
- What is Margin Money?
- How Futures are used?
- Price Exposure
- Trading For profit
- Taking Buy or Sell Position – Long Vs Short
- Priced Vs Unpriced Exposure
- What is Unpriced Purchase and Unpriced Sale
Day Five: Petroleum Dynamics and Risk Management
- Hedging – Risk Management
- Use of Futures and Forward Markets
- Example of Hedging
- Removal of Absolute Risk – Introduction of Basis risk
- Pricing Management
- What is Price Management?
- Price Management Example
- Price management Outcome
- Derivatives
- What are Swaps?
- Example of Swap Transactions
- What are Options?
- Example of Option Transactions
- Attributes of Swaps and Options in Oil & Gas industry
- Examples of Oil & Gas Futures Contracts, Swaps, and Options
- Common mistakes by Oil & Gas Companies in Hedging
- A Guide To Developing A Corporate Fuel Risk Management Policy
- Challenges to Petroleum Industry and Trends in New Technology
- Legal and Regulatory Issues
- International
- International Aspects of Oil Trading
- General Trade Laws
- World Trade Organization
- United States
- Oil Trading in the US
- General Commercial
- Anti-Trust Legislation
- Sovereign Immunity Act
- FCPA
- Commodity Trading Law
- United Kingdom
- Oil Trading in the UK
- General Commercial Law
- Singapore
- Oil Trading in Singapore
- Singapore Exchange
- Comparison with London and New York
- International
We offer two main training formats to cater to different preferences and needs:
- Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
- Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.
The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.
Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.
We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.
Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.
Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.
We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations
Our training courses are held at our partnered hotels within the city included within our training
Yes, here are the following options we can offer to assist you:
- Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
- Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.
Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.
No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.
- Tuition fee for a 5-day training course
- Provision of a world-class subject matter expert to deliver this training
- Meeting at a hotel venue corresponding to your chosen session
- Welcome food and drinks, AM / PM snack, and Lunch
- Digital course materials (e-Tablet)
- Course completion certificates
- Designing and administration of Pre-& Post Course Assessments
- Preparation of participant’s Performance and Appraisal Report, if required
- Issuance of Letter of Invitation for delegates needed visa processing, if required
- Tuition fee for a 5-day online training course
- Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
- An electronic copy of the training manual and relevant hand-outs
- Issuance of The Energy Training Centre e-Certificate of Completion
- Administration of Pre-& Post Workshop Assessments
- Link access of online platform acceptable to both parties
Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.
Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.
- Joining Instructions
- Invoice/receipt (where appropriate)
If you register online, you will receive an e-mail on the same day confirming your registration.
There are two convenient options to register for a training course:
- Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
- Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.
Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.
Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.
Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.
We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.
Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.
Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.
We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.
Our training courses span across diverse industries, encompassing sectors such as but not limited to:
- Power & Utilities
- Oil & Gas
- Financial Institutions
- Government and Regulatory bodies
- Manufacturing & Production Industry
Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.
Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.
