An Intensive 5-Day Training Course
Advanced Energy Economics
Evaluating the Economy and Making Efficient Economic Decisions
Scheduled Dates
| 20 - 24 May 2024 | London - UK | $5,950 |
| 02 - 06 Dec 2024 | London - UK | $5,950 |
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.
Organisational Impact
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
Personal Impact
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
- Up-to-date knowledge
- Legal, financial and risk management knowledge and skills
- The ability to improve their roles and career growth
Daily Agenda
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
- Cost Estimation
- 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
- Key Economic Parameters - NPV, NPVI, IRR, Payback, Adjusted NPV & Adjusted Payback
- Cost Recovery Method
- Government Evaluation and Value for Money (VfM)
Day Four: 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 Five: 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 Markets
- Derivatives: Risk Management Tool or Economic Risk?
Certificate
- On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
In Association With
GLOMACS Training
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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The Energy Training Centre
Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.
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