Oil and Natural Gas Economics

Synthesis

Day 1 :OIL, GAS AND ENERGY SUPPLIES
Historical background
Role of oil and gas in energy supplies
Oil and gas resources and reserves
Oil and gas productions
Oil and gas consumption

Day 2 :
OIL, GAS AND THE MAIN ACTORS
Historical background
The international oil companies
The national oil companies
The International organizations: OPEC and IEA
The oil crisis (1973, 1979, 1985)
The oil and gas prices and pricing issues

Day 3 :
OIL AND GAS: THE UPSTREAM SECTOR
Exploration economics
Production economics
The resources and reserves in the long term
Investments and price elasticities
The costs and prices disconnection
LNG: an upstream or a downstream industry ?

Day 4 :
OIL AND GAS: THE DOWNSTREAM SECTORS
Refining and refining economics
Transportation by sea and on land
The oil products and their prices
Gas pricing structures and logic
The petrochemical industries
The specialty products

Day 5 :
GLOBAL ISSUES FOR THE OIL AND GAS INDUSTRY
Oil, gas and the environment
Oil and gas supply in the long term
Oil, gas and geopolitics
Oil, gas and ethics
What energies in 22, 25, 21?
The transportation issues: hydrogen or not ?

Language

Anglais

Audience type

Students from Master level.

Planned duration

5 days

Support material

A hard copy of the slides presented.

Prerequisite

none

Objectives

To provide basics on oil & gas and energy supplies, economics on upstream and downstream sectors with global issues for the oil & gas industry.

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