Advanced Energy Economics

An Intensive 5-Day Online Training Course

Advanced Energy Economics

Evaluating the Economy and Making Efficient Economic Decisions

Scheduled Dates

04 - 08 Dec 2023 Online $3,950
20 - 24 May 2024 Online $3,950
02 - 06 Dec 2024 Online $3,950
Enroll Now View Classroom Format In-House Options

Are the scheduled dates matching with your needs?

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 online 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 online 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 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

Who is this Training Course for?

This online 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 online 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?

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location

Organisational Impact

This online training 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 online 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 online training course is designed to give participants the skills required to aid their personal development.

As a result of attending this Advanced Energy Economics online 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?


  • On successful completion of this online training course, a PetroKnowledge E-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

Visit Website ›

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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