This 5-Day PetroKnowledge training course is designed to give delegates a comprehensive picture of the crude oil markets and regulatory issues involved in the international trading of crude oil and refined products. It is presented with the wide range of essential practices of petroleum industry spanning, exploration, extraction, refining; and global oil supply, reserves, production & trade flows. With the overview of these essential upstream and midstream practices, the industry downstream operations dealing with crude oil and refined products trading and its associated risks and uncertainties can be fully understood.
This highly interactive PetroKnowledge training course is designed to encourage delegate participation through a combination of group discussions, and business case studies designed to reinforce new knowledge and skills, and discussion of “real life” issues in their organizations.
WHO SHOULD ATTEND
- Business & development managers
- Lawyers & law firms’ personnel
- Geoscientists, engineers and refiners
- Bankers, Accountants & Auditors
- Media personnel who interface with traders and trading
- Government regulators
- Tax & finance advisors
- Compliance officers
- Joint Venture officers
- Those who moved from elsewhere to Trading
AT THE END OF THE TRAINING, THE PARTICIPANT WILL:
- understand the history of the global oil and gas industry;
- identify the different reasons for trading crude oil;
- understand how the market players influence crude oil prices;
- understand the emerging development in alternative energy sources and how they affect the crude oil market;
- comprehend the recent happenings in the global Oil and Gas market and how it affects petroleum product priding; and
- understand the Nigerian Oil & Gas industry, the business of it and the politics behind its operations.
|MODULE 1 Demand & Supply of oil (Major world suppliers and consumers of oil). Demand of Oil Supply of Oil Oil Equilibrium Price Characteristics of the oil market: Market structure. Evolution of the global oil industry: The Seven Sisters, Marker Crudes (Brent, WTI, etc.) and OPEC. The Seven Sisters OPEC WTI, Brent and Dubai Crude Difference between Brent Crude Oil and West Texas Intermediate Factors that affect global crude oil price. Market participants: IOC’s, Traders, Brokers, Speculators etc. Brokers International Oil Companies National Oil Companies|
|MODULE 2 Global oil production, consumption & reserves: Economic Blocs (OPEC & OECD), World Oil Production World Oil Consumption World Oil Reserves Regional Blocs (Africa, Europe, Asia, Eurasia, Central America, South America and North America). Trend of crude oil prices. Factors affecting World Oil Price o Current Crude Oil Supply o Quality of Crude Oil Supply o Demand for Crude Oil o Oil Future Market o Future Supply & Reserves o Political Policies and Upheaval o Weather interruption and Influences o Refineries, Pipeline or Consumer Locations o Production Cost & Taxes World Oil trade movements. Effect of US-China trade war on Global Oil Market.|
|MODULE 3 Emerging trends in the crude oil market Collaborations between OPEC and Non-OPEC Countries Trade War between China and the United States America Geopolitical tensions in OPEC countries Decoupling of Oil and Gas Prices Technological Advancement A paradigm shift in the Global Oil Market US Oil Import, Export & Production China Oil Import, Production & Consumptions India Oil Import, Production & Consumption Regional strategic and production risks (Africa, Middle East, Asia And The Pacific, North America, South And Central America & Europe) Major strategic challenges. Oil production risks & development. National Development.|
|MODULE 4 Development of Alternative Energy Sources. Global Natural Gas Development. Renewable Energy Growth Potentials. Factors affecting natural gas and renewable energy development. Global Energy Outlook.|
|MODULE 5 Outlook of Nigeria’s Oil Market. Reserve & Production Profile. Exploration and drilling of wells & rig count. Impact of global oil development on Nigeria’s oil export. o The Shale Revolution o The Niger Delta Crisis o Delay in passing of the PIB o Renewable Energy Developments o Market Players Factors affecting Nigeria’s petroleum industry.|
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