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Oil & Gas Economics, Business and International Market

Who should attend: 
  • Those within the international oil and gas industries whose work requires an understanding of the economics of all business sectors
  • Those with expertise in one or more functional areas who need to be aware of their interrelationships with other parts of the business
  • Those in government, industry, commerce and public institutions who need insight into the overall structure and functioning of the oil markets
5 days
Course aims: 

To provide an insight into the fundamental economic features of oil and gas business and markets, internationally and in Africa, and on business decision making processes in oil companies and related institutions.

The course will also give participants a good understanding of the structure of global energy markets; the forces in determining international crude oil prices; how specific crude oils are priced; refining/petrochemical industry interface and the basic principles of risk management

Course outline: 
  • Structure of world energy and oil markets; energy demand, oil production, reserves, oil consumption, price evolution
  • Africa oil market fundamentals: supply/demand for crude and products
  • The actors; international oil companies, independents, state companies
  • Essentials of oil and gas exploration and production and their economics
  • The role of OPEC in oil price formation
  • Current oil market situation
  • Crude oil pricing: mechanisms and price reporting
  • Hedging, options, swaps
  • Basic principles of risk management
  • Natural gas industry, sources, demand, players
  • LNG cost chain, development LNG trade, plant cost reduction
  • Gas supply costs, price determinants
  • International and Africa markets, gas to liquids, technology advance
  • Refining processes and costs
  • Effect of new product specifications
  • Developments in the refining industry
  • Refining economics and product price interrelationships
  • Interrelationship between oil refinery and petrochemical plant
  • Product output and positioning in international markets
  • Coping with economic cycles
  • Oil company strategies, alliances and mergers
  • Review of activities of oil companies in Africa
  • Oil companies structures