We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.
Why Choose this Training Course?
This Advanced Energy Economics 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 Advanced Energy Economics training course will not only provide with 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 organisation.
What are the Goals?
By the end of this Advanced Energy Economics 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
Who is this Training Course for?
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 Advanced Energy Economics training course is suitable to 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
How will this Training Course be Presented?
The training course will be utilising a variety of proven adult learning teaching and facilitation techniques that include evaluating real-world case studies from the Energy Sector, video, and lecture presentations as well as group discussions.
The participants will be encouraged to actively relate the course's principles and skills to the needs of their workplace to ensure the transfer of skills for organisational benefit.
Thistraining course is designed to provide transferable skills which will directly benefit the organisation.
As a result of sending employees to attend this Advanced Energy Economics training course, the organisational 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
This training course is designed to give participants the skills required to aid their personal development.
As a result of attending this Advanced Energy Economics training course, the individual will gain:
Improved analytical skills
Improved knowledge and understanding
The ability to apply new skills
Legal, financial and risk management knowledge and skills
The ability to improve their roles and career growth
Day One: 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 Two: Economic Modelling in the Energy Industry
Revenue & Revenue Recognition
The Impact of Energy Price Volatility
The Impact of Joint Venture & Production Sharing Agreements
Working Interest, Royalties & Taxation
Forecasting the Cashflow
Day Three: 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