Petroleum Economics and Energy Finance Masterclass

Why select this training course?

Across the globe, the importance of energy, especially petroleum, cannot be overstated. It sits at the heart of global politics, and to a great extent, it dictates the direction of the economics of many nations. This is why it is necessary to understand what Petroleum Economics and Energy Finance entail.

What are petroleum economics and energy finance?

Petroleum Economics and Energy Finance have to do with the financial outlook of the energy industry. By extension, it covers its production, distribution, and usage process. Therefore, it is primarily concerned with the influence of petroleum on economic activities and vice versa.

Why should we study petroleum economics and energy finance?

Knowledge about Petroleum Economics and Energy Finance is indispensable in the contemporary world. Taking the Petroleum Economics and Energy Finance Masterclass by Rcademy will equip you with the expertise required to understand energy’s microeconomics and macroeconomics. You will gain knowledge about in-depth financial analysis and how to deduce critical insights from such analysis, which will prove invaluable to formulating policies and making data-backed decisions. You will also learn how energy-related activities are connected to global warming and how they affect the environment. These skills and expertise will help play advisory roles to oil companies and companies invested in alternative energy sources.

Who Should Attend?

The ideal set of people who should attend the Petroleum Economics and Energy Finance Masterclass by Rcademy are individuals who have an active interest in the financial dimension of the energy industry. The following personnel should undertake the course:

• Board of directors: responsible for the management, and administration of oil companies and the achievement of the company’s objectives
• Company accountants: responsible for drawing insights and inferences from periodic financial information of oil companies and providing advice on critical decisions
• Entrepreneurs: considering breaking into the energy industry through oil alternatives that need to understand the current terrain in the energy industry
• Shareholders: having investments in oil companies and who are part of the stakeholders in the energy industry
• Consultants in the oil and gas sector: offering advisory services to petroleum companies
• Consultants: offering advisory services to renewable energy companies that need to know how petroleum economics affect alternative energies
• Directors: in charge of formulating government policies in the oil and energy sector
• Financial analysts: that want to keep up with the trends in the oil and gas sector
• Personnel: interested in understanding the economic dynamics of the energy industry

What are the course objectives?

Petroleum Economics and Energy Finance Masterclass by Rcademy aim to help participants achieve the following objectives:

• Learn the behavioral patterns of companies, the underlying reasons for these behaviors, and how it overlaps with the financial market, especially as it relates to the petroleum and energy sector
• Expose participants to the evolving dynamics of the petroleum market and how the unique demand and supply shape prices in the petroleum industry relative to the energy industry
• Understand the roles international bodies like the OPEC play and how they can influence the economics of the industry
• Bring to the fore the place of microeconomics as it concerns the demand of the consumers, their budget, and choice in different economic situations
• Learn essential statistical and mathematical tools that can be used in analyzing data and reports from the energy and petroleum industry
• Learn how to provide advisory services on investments and other critical financial decisions
• Understand the fundamental principles of petroleum policies
• Learn the concepts about the business operation as it regards value creation, goal setting, and coordination of activities

How will this course be presented?

The content of this masterclass is compiled to provide a working knowledge about the dynamics of the energy industry, especially the petroleum industry. The course will allow participants to develop hands-on skills relevant to the industry. In addition, it will engage the analytical capabilities of the participants by introducing them to actual data gathered from the industry. Participants will also be tasked with developing game theories to mirror several real-life scenarios.

Rcademy’s masterclass on Petroleum Economics and Energy Finance consists of theory, analytical, and practical learning by providing lecture notes, slides on the concept, case study reports, and data. Participants will also engage in seminar workshops, presentations, assessments, and constant feedback on lessons learned to confirm their optimum satisfaction.

What are the topics covered in this course?

Module 1: Basics of Petroleum Economics and Energy Finance

• Introduction
• Foundation of Petroleum Economics and Energy Finance
• Definitions of terms
  – Petroleum Economics
  – Energy Finance
  – Terminologies
• Introduction to econometrics
  – Mathematical tools
  – Statistical tools
  – Models and theories
  – Shortcomings of the standard model
  – How to overcome the shortcomings of the standard model

Module 2: Economic Analysis

• Microeconomics
  – Microeconomic model
  – Market structure
  – Game theory
• Macroeconomics
  – Basic macroeconomics concept
  – Macroeconomics models
  – Macroeconomics policies

Module 3: Petroleum Market

• Hoteling model
• Hubbert curve
• Oil price determination
• Models of OPEC Behavior
• Influence of OPEC power

Module 5: Climate Change and Climate Policy

• Impacts of climate change
• Responses to climate change
• Politics and climate policies
• Scientific consensus

Module 5: Renewable Energy

• Sources
• Mainstream technology
• Emerging technology
• Connection to an energy system
• Contemporary trends and markets

Module 6: Decision Making

• Elements of decision making
  – Problem rationalisation
  – Boundary conditions
  – Identification of the right decision
  – Action
  – Feedback
• Decision trees
• Black Scholes equation
• Risk analysis
• The capital asset pricing model

Module 7: Policies in Energy and Petroleum Economics

• The oil fund concept
• Economic rents
• Licensing policies
• Economics of carbon dioxide capture and storage

Module 8: Business Strategy

• Goal setting
• Activities Coordination
• Capabilities management
• Assessing opportunities

Module 9: Empirical Methods of Energy Economics

• Applications of mathematical tools
• Applications of statistical tools
• Application of Models and Theories