Introduction
This training course will provide you with the essential skills to make effective economic decisions in the Energy Sector by evaluating and balancing both the Economic Benefits and Risks. It will focus on the latest economic factors affecting companies in the sector, focusing on how companies may manage changes in major economic variables such as demand, energy prices, interest rates, and exchange rates. The participants will be introduced to the latest tools and techniques, such as financial derivatives relevant to the energy sector. In addition, they will use simulation techniques to model economic returns and risk management.
This training course will not only provide knowledge of the latest tools and techniques; it will also develop the skills so that the participants will be able to transfer those skills to the workplace to make a tangible benefit to your organization.
Course Objectives
By the end of this online training course, the participants will learn to:
- Evaluate the economic environment to improve decision making
- Model economic decisions in the energy sector
- Make efficient economic decisions
- Recommend economic methods of finance
- Manage financial and economic risk efficiently and effectively
Training Methodologies
This training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organizational Benefits
This training course is designed to provide transferable skills which will directly benefit the organization.
As a result of sending employees to attend this course, the organization will gain:
- Staff with economic knowledge and understanding
- Informed staff and engaged with the latest developments
- Improved risk management
- Staff with knowledge of the latest tools and techniques
- Improved performance with staff better able to meet customer needs
- Improved finance and risk management culture.
Personal Benefits
This training course is designed to give participants the skills required to aid their personal development.
As a result of attending this course, the individual will gain:
- Improved analytical skills
- Improved knowledge and understanding
- The ability to apply new skills
- Up-to-date knowledge
- Legal, financial, and risk management knowledge and skills
- The ability to improve their roles and career growth
Target Audience
This training course is suitable for a wide range of professionals. Still, it will significantly benefit those working in the Energy Industry with a desire to improve their knowledge of energy economics.
This course is suitable for a wide range of professionals but will greatly benefit:
- Financial Professionals in the Energy Industry
- Technical Managers (Electrical Power Engineers, Maintenance Technicians, Electrical, Supervisors, Engineering Professionals, etc.) with the need for finance and economics
- Energy Project Managers
- Procurement Supply Chain Professionals
- Risk Manager and Professionals
Course Outlines
Day 1
THE ECONOMIC ENVIRONMENT AND THE ENERGY INDUSTRY
- The Economic Environment
- Economic Challenges facing Governments and the Energy Sector
- Economic Evaluation of Reserves
- Making Economic Decisions in an Uncertain World
- EMV Expected Monetary Value & Decision Trees
- The Probability & Impact of Changes in Economic Variables: Interest Rates, Exchange Rates & Energy Prices
Day 2
ECONOMIC MODELLING IN THE ENERGY INDUSTRY
- Revenue & Revenue Recognition
- The Impact of Energy Price Volatility
- Cost Estimation
- The Impact of Joint Venture & Production Sharing Agreements
- Working Interest, Royalties & Taxation
- Forecasting the Cashflow
Day 3
ECONOMIC EVALUATION OF ENERGY PROJECTS
- Evaluating Accounting Profit and Return on Equity (ROE)
- Cost-Benefit Analysis: Finance V Economic Value Added
- Economic Analysis: Economic Value Added & Sustainability
- Key Economic Parameters - NPV, NPVI, IRR, Payback, Adjusted NPV & Adjusted Payback
- Cost Recovery Method
- Government Evaluation and Value for Money (VfM)
Day 4
ECONOMIC FINANCE & THE ENERGY INDUSTRY
- Types of Finance
- Calculating the Cost of Capital (WACC) and the Capital Assets Pricing Model (CAPM)
- Determining the Economic Hurdle Rate
- Economic Management of Energy Projects
- Earned Value Analysis
- Budgetary Control & Cost Management
Day 5
ECONOMIC & FINANCIAL RISK MANAGEMENT IN THE ENERGY INDUSTRY
- Economic & Financial Risks
- Managing Economic Risk & Uncertainty
- Developing and Using a Risk Model Analysis
- What are Derivatives? - Forwards, Options, Futures & Swaps
- International Derivative Markets & Middle East Derivative Mar
About Rome
As cosmopolitan and diverse as it is rooted in its own history, Rome is one of the premier tourist destinations in the world. Featuring some of the best restaurants on the continent, some of the most iconic historic sites in Europe, the city is widely regarded as one of the most exciting and dynamic places to visit anywhere. The center of the Renaissance, the city houses some of the most famous works of art in the world and remains an important cultural hub to this day. Famous for art, fashion, it's delicious local cuisine, and superbly preserved monuments, Rome truly offers something for everyone.
Things to do and places to visit in Rome
When disembarking, the first thing that can prove pleasantly challenging is deciding on what to do first! An exceptional array of hotels and inns are available to any weary traveler, as are a superb range of restaurants for those wanting to relax surrounded by the hustle and bustle of Rome in the evening. You can spend the day walking streets steeped in history, visiting galleries that contain works by Caravaggio and Michelangelo or exploring the awe-inspiring Colosseum. The city contains many beautifully maintained parks and gardens, as well as a vast collection of beautiful churches and cathedrals, ensuring that a trip to Rome will be a memorable experience for anyone.
Things to do when taking flights to Rome include:
- Standing inside the magnificent Colosseum.
- Gazing in awe at the stunning Castel Sant'Angelo.
- Visiting the incredible Pantheon, one of the best-maintained buildings from the Roman era.
- Stopping at the center of the Piazza del Popolo, one of the most beautiful squares in Europe.
- Walking the beautiful gardens of Villa Borghese.
- Admiring the vast, intricately carved Column of Marcus Aurelius.
- Wandering the Forum Romanum, ruins from the Ancient Roman period.
- Exploring some of the greatest art collections in Europe.
- Crossing the river on the remarkably-constructed Bridge of Angels.
- Sampling the world famous local cuisine.