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 Dubai
Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.
Things to do and places to visit in Dubai
Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.
When visiting Dubai, be sure to:
- Go to the observation deck of the Burj Khalifa, the tallest building in the world.
- Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
- Understand the local history and culture with a visit to the Dubai Museum.
- Discover objects from the 6th century at Jumeirah Archaeological Site.
- Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
- Go shopping at the Mall of the Emirates or the Dubai Mall.
- Explore the desert surrounding the city – either by 4x4 or atop a camel.
- Eat fantastic seafood at Dubai Marina.
- Cool off at the Wild Wadi Waterpark.
- Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
- Take a yacht tour around the artificial islands of Palm Jumeirah.
- Haggle for souvenirs in one of the city's souks.
- Wander around the traditional building in Bastakiya District.