Ref Dates Venue Fees CPE Credits Registrations
OG123 01 - 05 Apr 2019 London US$5,950 30 Register
OG123 14 - 18 Oct 2019 Chicago US$6,950 30 Register
Introduction 

LNG popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the 21st century – providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general. Managing commercial oil operations and logistics require several cross-functional skills. To achieve maximum effectiveness, professionals must continually expand their business knowledge and sharpen their skills.

This interactive, applications-driven 5-day Gas & LNG Contracts training course will highlight the Gas & LNG contract issues that deal mainly with host country issues and upstream agreements. The training course provides hand-on business cases to evaluate Crude Oil Value, Netback and Refinery Margin Calculations, Price Management, Transportation Costs, Sales Contracts, Total Barrel Economics, Product Quality, Economic Value of Pipeline, etc. The training simplifies through visual aids and simulation of the complexity of several difficult operations, such as, drilling, completion, refining, and transportation.

Participants on EuroMaTech’s Gas & LNG Contracts training course will develop the following competencies:

  • Fundamentals of oil economics and of crude oil transportation
  • Basic Principles in crude oil pricing and overview of crude oil and refined products markets
  • Essential elements in crude oil and refined products sales contracts
  • The essential concepts and business practices of the international oil supply, transportation, refining, and trade in oil and gas industry
  • Supply logistics – major international pipelines, shipping routes, and choke points

The training course will seamlessly cover a wide-array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen.

Who Should Attend? 

The Gas & LNG Contracts training course designed to suite a wide range of delegates, but will be specifically beneficial to:

  • Business Development team members
  • Corporate Planning professionals
  • Compliance officers
  • Contract Negotiators
  • Geoscientists & Engineers
  • Bankers & Accountants
  • Auditors
  • Government regulators
  • Tax & finance advisors
  • Equity & Financial Analysts and Bankers
  • Joint Venture officers
  • Lawyers & law firms’ personnel
  • Those who moved from elsewhere to Oil, Gas, LNG
Programme Objectives  

EuroMaTech’s Gas & LNG Contracts training course aims to enable participants to achieve the following objectives:

  • Gain broad perspective of  global oil business, supply, transportation, refining & trading
  • Boost your understanding of the fundaments of oil business: quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
  • Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
  • Evaluate the technical, commercial, legal, safety and environmental aspects of oil business
  • Confidently discuss the technical terms, concepts and buzzwords with your peers and clients    
Training Methodology  

The Gas & LNG Contracts training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of stress management to the particular needs of their workplace.

Programme Summary 

EuroMaTech’s Gas & LNG Contracts training course provides a wider management perspective of global Oil, Gas & LNG business and highlights the success factors in each of its essential components. The training follows the natural order of business, starting with its supply and transportation that fuels the global economy, followed by the critical refining and trading operations.

The training course effectively deals with the core issues, tactics and essential concepts of Gas & LNG Contracts commercial oil operations that include international oil supply, transportation, refining and trading business.

PROGRAM OUTLINE
Day 1 - Gas and LNG Contracts
  • Host Country Issues
    • Common terms and measurements
    • History, demand, reserves and trading
    • Industry elevation
    • Natural gas & LNG business
    • Market examination
  • Specific Upstream Agreements
    • Exploration and Production Sharing Agreements (ESPA)
    • Gas Sale Agreement
 
Day 2 - Transportation, Refining and Marketing
  • Fundamentals of Crude Oil Transportation – Tankers and Chartering
    • International Oil Tanker Sizes, Tonnage
    • Types of Charters and Charter Parties
    • Freight Payment, Chartering Mechanism, Voyage Charter, Time charter
    • Roles of Shipbroker, Shipping Agent, Bunkering, Arbitrage, Net daily Contribution
  • Basic Principles in Pricing and Overview of Markets
    • Causes of Oil Price Volatility
    • The History of Oil Price – Real and Nominal
    • The Future of Oil Price – Oil Imports & OPEC’s Production, & Consumption
    • The Future of Oil Price – Global Reserves Replacement Ratio
    • The Physical and Paper – Oil Markets
    • Price Markers of the World – Crude Oil Benchmarks:  WTI, Brent, Dubai/Oman, ASCI, OPEC Reference  Basket
    • Methods of Sale – Spot, Term
    • Regional Pricing – North America, Europe & Asia
    • Price Reporting Methodology – Price Report
  • Crude Oil Markets
    • History of Crude Pricing
    • Location of Pricing
    • Marker crudes
  • Short Videos
  • Case Studies
 
Day 3 - Contracts, Sales and Marketing Logistics
  • Essential Elements in Crude Oil Sales Contracts
    • The Objective, the parts of Contract, and Contract Confirmation
    • Attributes and Buyer/Seller Responsibilities with INCO Terms – FOB, CFR, CIF, DES
    • Important Oil Contracts Clauses
    • Payment and Security
    • General terms and Conditions
  • Basic Refining II – Conventional Refinery Upgrading
    • Cat Cracking
    • Hydrocracking
    • Visbreaking
    • Coking
  • Basic Refining III –  Sulfur Reduction
    • Sulfur Reduction Methods – Lighter Compounds and Heavier Compounds
    • Hydroprocessing
    • Sulfur Reduction measures
    • Other Sulfur Reduction Processes
  • Contracts – Elements of Risk
    • Identify areas of risk
    • Credit performance risk – LOC, Standby LOC, Parent company Guarantee
    • Operational Risks –  Vessel nominations, Quantity and Quality, etc.
    • Charter Party Risks
  • Basic Refinery IV – Economics & Environmental Aspects
    • Yields for Different Configurations
    • Value Contributions for Different Configurations
    • Investments costs
    • Environmental Considerations
  • Primary Logistics
    • Pipeline transfers – Advantages and Disadvantages
    • Pipeline Scheduling
    • Pipelines Investment Considerations –  Tariffs and Operating Economics
    • Major Pipelines of the World
    • Storages
    • Losses – Net loss, In-Transit Loss, Inturn loss, Outturn Loss
  • Short Videos
  • Case StudiesÂ
 
Day 4 - Market Structures and Trading
  • Introductory Concepts in Oil Trading
    • Players in the Oil Market
    • Success factors in Trading
    • Risk Factors in Trading
    • Trading Objectives and Price Movements
    • Market Structures – Contango and Backwardation
  • Interface with Retailers
    • Competitive Marketing – Primary and Secondary Supply
    • The Value Chain – E&P to the Customer
    • The Retail Market Place
    • Fully Vertically Integrated Oil Company Model
    • The Essential  Success factors in Retailing
  • Downstream Supply Chain management
    • The Essential Success factors in Supply Management
  • Total Barrel Economics
    • Measures of Profitability
    • Net Marketing Revenue – Refinery Netback
    • The Cost of Supply and Total Barrel Margin
    • Transfer price – An Alternate Value
    • Typical Oil Company, Distribution and Marketing Costs
    • Maximizing Corporate Profits
  • Oil Markets –  Futures
    • Market differences – Forwards and Futures
    • Characteristics of Futures Contract
    • What is Futures Market?
    • What is Margin Money?
    • How Futures are used?
  • Price Exposure
    • Trading For profit
    • Taking Buy or Sell Position – Long  Vs Short
    • Priced Vs Unpriced Exposure
    • What is Unpriced Purchase and Unpriced Sale
  • Case Studies: Pricing, Contractual Terms, Total Barrel Exercise
 
Day 5 - Petroleum Dynamics and Risk Management
  • Hedging – Risk Management
    • Use of Futures and Forward Markets
    • Example of Hedging
      • Removal of Absolute Risk – Introduction of Basis risk
    • Pricing Management
      • What is Price Management?
      • Price Management Example
      • Price management Outcome
    • Derivatives
      • What are Swaps?
      • Example of Swap Transactions
      • What are Options?
      • Example of Option Transactions
      • Attributes of Swaps and Options in Oil & Gas industry
    • Examples of Oil & Gas Futures Contracts, Swaps, and Options
    • Common mistakes by Oil & Gas Companies in Hedging
    • A Guide To Developing A Corporate Fuel Risk Management Policy
    • Challenges to Petroleum Industry and Trends in New Technology

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© 2019. Material published by Euromatech shown here is copyrighted.

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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Gas & LNG Contracts
Managing Commercial Oil Operations & Logistics



Upcoming Dates

01 - 05 Apr 2019 in London, $5,950

14 - 18 Oct 2019 in Chicago, $6,950



Introduction 

LNG popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the 21st century – providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general. Managing commercial oil operations and logistics require several cross-functional skills. To achieve maximum effectiveness, professionals must continually expand their business knowledge and sharpen their skills.

This interactive, applications-driven 5-day Gas & LNG Contracts training course will highlight the Gas & LNG contract issues that deal mainly with host country issues and upstream agreements. The training course provides hand-on business cases to evaluate Crude Oil Value, Netback and Refinery Margin Calculations, Price Management, Transportation Costs, Sales Contracts, Total Barrel Economics, Product Quality, Economic Value of Pipeline, etc. The training simplifies through visual aids and simulation of the complexity of several difficult operations, such as, drilling, completion, refining, and transportation.

Participants on EuroMaTech’s Gas & LNG Contracts training course will develop the following competencies:

  • Fundamentals of oil economics and of crude oil transportation
  • Basic Principles in crude oil pricing and overview of crude oil and refined products markets
  • Essential elements in crude oil and refined products sales contracts
  • The essential concepts and business practices of the international oil supply, transportation, refining, and trade in oil and gas industry
  • Supply logistics – major international pipelines, shipping routes, and choke points

The training course will seamlessly cover a wide-array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen.

Who Should Attend? 

The Gas & LNG Contracts training course designed to suite a wide range of delegates, but will be specifically beneficial to:

  • Business Development team members
  • Corporate Planning professionals
  • Compliance officers
  • Contract Negotiators
  • Geoscientists & Engineers
  • Bankers & Accountants
  • Auditors
  • Government regulators
  • Tax & finance advisors
  • Equity & Financial Analysts and Bankers
  • Joint Venture officers
  • Lawyers & law firms’ personnel
  • Those who moved from elsewhere to Oil, Gas, LNG
Programme Objectives  

EuroMaTech’s Gas & LNG Contracts training course aims to enable participants to achieve the following objectives:

  • Gain broad perspective of  global oil business, supply, transportation, refining & trading
  • Boost your understanding of the fundaments of oil business: quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
  • Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
  • Evaluate the technical, commercial, legal, safety and environmental aspects of oil business
  • Confidently discuss the technical terms, concepts and buzzwords with your peers and clients    
Training Methodology  

The Gas & LNG Contracts training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of stress management to the particular needs of their workplace.

Programme Summary 

EuroMaTech’s Gas & LNG Contracts training course provides a wider management perspective of global Oil, Gas & LNG business and highlights the success factors in each of its essential components. The training follows the natural order of business, starting with its supply and transportation that fuels the global economy, followed by the critical refining and trading operations.

The training course effectively deals with the core issues, tactics and essential concepts of Gas & LNG Contracts commercial oil operations that include international oil supply, transportation, refining and trading business.

PROGRAM OUTLINE
Day 1 - Gas and LNG Contracts
  • Host Country Issues
    • Common terms and measurements
    • History, demand, reserves and trading
    • Industry elevation
    • Natural gas & LNG business
    • Market examination
  • Specific Upstream Agreements
    • Exploration and Production Sharing Agreements (ESPA)
    • Gas Sale Agreement
 
Day 2 - Transportation, Refining and Marketing
  • Fundamentals of Crude Oil Transportation – Tankers and Chartering
    • International Oil Tanker Sizes, Tonnage
    • Types of Charters and Charter Parties
    • Freight Payment, Chartering Mechanism, Voyage Charter, Time charter
    • Roles of Shipbroker, Shipping Agent, Bunkering, Arbitrage, Net daily Contribution
  • Basic Principles in Pricing and Overview of Markets
    • Causes of Oil Price Volatility
    • The History of Oil Price – Real and Nominal
    • The Future of Oil Price – Oil Imports & OPEC’s Production, & Consumption
    • The Future of Oil Price – Global Reserves Replacement Ratio
    • The Physical and Paper – Oil Markets
    • Price Markers of the World – Crude Oil Benchmarks:  WTI, Brent, Dubai/Oman, ASCI, OPEC Reference  Basket
    • Methods of Sale – Spot, Term
    • Regional Pricing – North America, Europe & Asia
    • Price Reporting Methodology – Price Report
  • Crude Oil Markets
    • History of Crude Pricing
    • Location of Pricing
    • Marker crudes
  • Short Videos
  • Case Studies
 
Day 3 - Contracts, Sales and Marketing Logistics
  • Essential Elements in Crude Oil Sales Contracts
    • The Objective, the parts of Contract, and Contract Confirmation
    • Attributes and Buyer/Seller Responsibilities with INCO Terms – FOB, CFR, CIF, DES
    • Important Oil Contracts Clauses
    • Payment and Security
    • General terms and Conditions
  • Basic Refining II – Conventional Refinery Upgrading
    • Cat Cracking
    • Hydrocracking
    • Visbreaking
    • Coking
  • Basic Refining III –  Sulfur Reduction
    • Sulfur Reduction Methods – Lighter Compounds and Heavier Compounds
    • Hydroprocessing
    • Sulfur Reduction measures
    • Other Sulfur Reduction Processes
  • Contracts – Elements of Risk
    • Identify areas of risk
    • Credit performance risk – LOC, Standby LOC, Parent company Guarantee
    • Operational Risks –  Vessel nominations, Quantity and Quality, etc.
    • Charter Party Risks
  • Basic Refinery IV – Economics & Environmental Aspects
    • Yields for Different Configurations
    • Value Contributions for Different Configurations
    • Investments costs
    • Environmental Considerations
  • Primary Logistics
    • Pipeline transfers – Advantages and Disadvantages
    • Pipeline Scheduling
    • Pipelines Investment Considerations –  Tariffs and Operating Economics
    • Major Pipelines of the World
    • Storages
    • Losses – Net loss, In-Transit Loss, Inturn loss, Outturn Loss
  • Short Videos
  • Case StudiesÂ
 
Day 4 - Market Structures and Trading
  • Introductory Concepts in Oil Trading
    • Players in the Oil Market
    • Success factors in Trading
    • Risk Factors in Trading
    • Trading Objectives and Price Movements
    • Market Structures – Contango and Backwardation
  • Interface with Retailers
    • Competitive Marketing – Primary and Secondary Supply
    • The Value Chain – E&P to the Customer
    • The Retail Market Place
    • Fully Vertically Integrated Oil Company Model
    • The Essential  Success factors in Retailing
  • Downstream Supply Chain management
    • The Essential Success factors in Supply Management
  • Total Barrel Economics
    • Measures of Profitability
    • Net Marketing Revenue – Refinery Netback
    • The Cost of Supply and Total Barrel Margin
    • Transfer price – An Alternate Value
    • Typical Oil Company, Distribution and Marketing Costs
    • Maximizing Corporate Profits
  • Oil Markets –  Futures
    • Market differences – Forwards and Futures
    • Characteristics of Futures Contract
    • What is Futures Market?
    • What is Margin Money?
    • How Futures are used?
  • Price Exposure
    • Trading For profit
    • Taking Buy or Sell Position – Long  Vs Short
    • Priced Vs Unpriced Exposure
    • What is Unpriced Purchase and Unpriced Sale
  • Case Studies: Pricing, Contractual Terms, Total Barrel Exercise
 
Day 5 - Petroleum Dynamics and Risk Management
  • Hedging – Risk Management
    • Use of Futures and Forward Markets
    • Example of Hedging
      • Removal of Absolute Risk – Introduction of Basis risk
    • Pricing Management
      • What is Price Management?
      • Price Management Example
      • Price management Outcome
    • Derivatives
      • What are Swaps?
      • Example of Swap Transactions
      • What are Options?
      • Example of Option Transactions
      • Attributes of Swaps and Options in Oil & Gas industry
    • Examples of Oil & Gas Futures Contracts, Swaps, and Options
    • Common mistakes by Oil & Gas Companies in Hedging
    • A Guide To Developing A Corporate Fuel Risk Management Policy
    • Challenges to Petroleum Industry and Trends in New Technology

© 2019. Material published by Euromatech shown here is copyrighted. 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.

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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© 2019. Material published by Euromatech shown here is copyrighted.

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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