Course description
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.
Upcoming start dates
Suitability - Who should attend?
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 tradersare charged with facilitating transactions among buyers and sellers of energy products such as crude oil, petroleum, natural gas, and liquid gas
- Risk managersare responsible for managing the risks of a firm, its reputation, assets, employees, and interests of stakeholders
- Strategy managersare charged with developing and implementing business visions and agenda
- Business managerstasked with monitoring and heading operations of business enterprise, developing and implementing business strategies, and evaluating business performances
- Maintenance supervisorstasked with supervising the safe and efficient management of refinery equipment
- Operations Managers areresponsible for hiring, training, and supervising employees and also developing strategies to boost efficiency and productivity
- Finance managersare responsible for developing financial reports, direct investment activities, and long-term financial goals
- Project Managersresponsible for the day-to-day management of a company’s projects
- Human resource managerswho are responsible for personnel relations of corporate organization
- Every other personinterested in learning about strategic management in the Oil and Gas industry
Outcome / Qualification etc.
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
Training Course Content
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
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