Course description
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.
Upcoming start dates
Suitability - Who should attend?
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
Training Course Content
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
Course delivery details
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.
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...