Certificate in Strategic Management in Oil and Gas Business

Why select this training course?

The Oil and Gas industries are undergoing significant changes due to various geopolitical and market occurrences. Current outlooks on Oil and Gas prices are difficult to forecast, volatile, and subjected to pressures from alternative energy sources. All these hold major implications for upstream and downstream Oil and Gas operations.

What are the strategies used to transform the oil and gas supply chain?

Throughout the past few years, companies and businesses in the Oil and Gas industry have witnessed remarkable changes in demand and supply. Operators have faced declining crude prices, which have led to cutting back on supply-chain spending. Businesses have had to cut costs and, in some instances, change business models in response. Companies have had to design strategies to transform their Oil and Gas supply chain to adapt to changes in the industry. These strategies are developed to help manage current challenges while assisting companies in making maximum profits within the short and long term.

Some of these strategies include:

• Cost-cutting
• Consolidation
• New revenue models
• Vertical integration
• New equipment and service models

What are the three major segments of the oil and gas industry?

Oil and natural gas are significant industries in the energy market, and they play a major role in the global economy as the primary sources of fuel. The systems and processes involved in manufacturing and distributing Oil and Gas are capital-intensive, highly complex, and require state-of-the-art technology. In most countries, Oil and Gas have played and still play major roles as the main sources of energy and national revenue. There are rising demands for an alternative energy source due to the growing impacts of climate change linked to Oil and Gas and their related activities. However, they remain viable sources of energy, and persons looking to take advantage of the industry can go into the three major sectors of the Oil and Gas industry, which include:

• Upstream production
• Midstream production
• Downstream production

The Rcademy Certificate in Strategic Management in Oil and Gas Business is developed to equip participants with the basics of strategic management in Oil and Gas, upstream economics, and attaining strategic change in the Oil and Gas business. The worldwide oil markets, the dynamics of the global oil and gas industry, and the economics of natural gas are the main topics of discussion. Participants will also learn how to achieve strategic change in organizations and global Oil and Gas business dynamics and build a robust Oil and Gas business strategy.

Who should attend?

The Rcademy Certificate in Strategic Management in Oil and Gas Business is designed for a wide range of professionals within the Oil and Gas sectors and individuals who wish to learn about strategic management in the Oil and Gas sectors. The following personnel should undertake the course:

• Energy traders are charged with facilitating transactions among buyers and sellers of energy products such as crude oil, petroleum, natural gas, and liquid gas
• Risk managers are responsible for managing the risks of a firm, its reputation, assets, employees, and interests of stakeholders
• Strategy managers are charged with developing and implementing business visions and agenda
• Business managers tasked with monitoring and heading operations of business enterprise, developing and implementing business strategies, and evaluating business performances
• Maintenance supervisors tasked with supervising the safe and efficient management of refinery equipment
• Operations Managers are responsible for hiring, training, and supervising employees and also developing strategies to boost efficiency and productivity
• Finance managers are responsible for developing financial reports, direct investment activities, and long-term financial goals
• Project Managers responsible for the day-to-day management of a company’s projects
• Human resource managers who are responsible for personnel relations of corporate organization
• Every other person interested in learning about strategic management in the Oil and Gas industry

What are the course objectives?

The Rcademy Certificate in Strategic Management in Oil and Gas Business is geared towards assisting participants in attaining the following objectives:

• Understand the basics of strategic management in the Oil and Gas business
• Learn how to create and implement robust strategies for Oil and Gas management
• Recognize the key processes of strategic change and strategy innovation
• Learn about natural gas economics and upstream economics
• Understand the dynamics and changing structure of the global Oil and Gas business
• Learn how to link and align operational and strategic management
• Understand the fundamentals of petrochemicals and refining economics
• Learn how to implement an effective business strategy

How will this course be presented?

This course is curated to meet participants’ satisfaction while improving their knowledge and skill; it is purely participant-oriented. Different practical approaches to ensure active and constant learning by the attendees will be utilized to deliver the course. Experts will teach the course within this field that has gathered numerous experiences and practice. The course modules are curated from extensive and in-depth research on the subject matter.

The Rcademy Certificate in Strategic Management in Oil and Gas Business includes theoretical and practical learning by providing slides on the concept, case studies, real-life scenarios, and lecture notes. In addition, participants will be able to partake in seminar workshops, quizzes, presentations, and regular feedback on lessons learned to confirm their optimum satisfaction.

What are the topics covered in this course?

Module 1: Overview of the International Oil Environment

• The evolution of oil prices and long-term scenarios
• Energy demand and supply
• Crude oil reserves and production
• History of the petroleum industry
• The roles of prominent actors: INOCs, IEA, OPEC, NOCs, and IOCs
• Current and future constraints of the Oil and Gas industry
• Alternative energies

Module 2: Building and Deploying a Healthy Oil and Gas Business Strategy

• Building an effective business strategy
• Leading-edge thinking in business strategy
• Designing an effective strategic plan
• Financial and non-financial performance management
• The major segments of the Oil and Gas industry
• Executing the strategy
• Measuring the successes and shortcomings of the strategy

Module 3: Overview of Upstream Economics

• The basic steps of the upstream business
• The framework for production and exploration
• Economic aspects, risks, and costs
• The E&P value chain
• Service contracts
• Concessions and production-sharing contracts

Module 4: Petrochemicals and Refining Economics

• Refining costs and margins
• Relationship between petrochemicals and refining
• The fundamental technical aspects
• Building refining capacity
• Major petrochemical sectors
• Coping with economic cycles

Module 5: The Present and Future Dynamics of the Global Oil and Gas Business

• Developments and impacts of downstream activities
• Forecasting the future trends in the Oil and Gas industry
• Structural change in demand and supply
• The future of Oil and Gas in light of alternative energy sources
• The changing balance of non-OPEC and OPEC activities
• The changing impacts of the petrochemical sector
• Developments and strategic impacts of upstream activities

Module 6: Natural Gas Economics

• Natural gas production and reserves across the globe
• LNG economics, trade, and chain
• Gas price formulas
• The structures and constraints of the major gas markets
• Purchase gas contracts and long-term sales

Module 7: Implementing Strategic Plans Effectively

• System Control and the Components of agile capability
• People development
• Setting operational and strategic targets and goals
• Recognizing and planning for change in the Oil and Gas business
• Strategic and operational reviews
• Resource budgeting and external/internal relationships
• Building and managing a strategic planning team

Module 8: Decision-Analysis Tools and Project Economics

• The economic criteria for investment project analysis
• Global profitability analysis
• Economic cost analysis
• Overview of risk analysis
• Financial, risk, and cost management
• NPV, IRR, POT

Module 9: Attaining Strategic Change in the Oil and Gas Business

• The major factors influencing profit in the Oil and Gas business
• Value capture and value migration
• The features of the strategy manager
• Conducting a SWOT analysis
• Recognizing business opportunities in the dynamic Oil and Gas market
• Getting buy-in and commitment among relevant stakeholders

Module 10: Linking and Aligning Operational and Strategic Management

• The principles of strategic alignment
• Aligning corporate resources with targets and objectives
• The various types of Oil and Gas markets
• Aligning organizational structure with a strategic plan
• Building an information and data system to facilitate effective control
• Handling divergence and variance in operational management