Euromoney Energy Training

This interactive course has been designed to offer personnel from corporations and financial institutions a full complement of tools to use most effectively in developing and analysing the corporate performance measures for oil and gas companies.

The course will enable you to:

• Analyse financial statements and reports from an investor, creditor and a shareholders point of view
• Take the lessons learned and apply them to your own internal operations

Through class discussions, brief lectures, team presentations, and exercises you will be able to incorporate the different components of the financial activities and functions of a company to:

• What to look for in the financial reports and how to compare them to others in your industry
• Identify the relevant drivers of financial performance and how they are measured and monitored
• Analyse the financial reports and statements from a practical view
• Learn concepts and terminology used in the everyday world of finance where they can be understood as a primary language and not a foreign language
• The tools for driving shareholder value and when to use them
• How to measure and manage risk in your company
• Develop a set of Performance Indicators that are meaningful and can be used to evaluate a company's true performance

Course overview

By clearly tying day to day functions through to the financial achievements, you will be able to improve your ability to make the decisions that are an integral part of every company's ultimate success or failure. This course is designed to provide you with the necessary tools to use as soon as you arrive back in your office. By utilising practical, real world cases and examples, this course will provide an immediate pay-off for your investment of time and money.

The course will help you identify the appropriate methods and reinforce them with class participation and role playing. You are encouraged to bring your own examples and your company's financial or operating reports for analysis. The course will require the use of computers; you may bring your own or will be provided one at an additional cost.

Day 1

Developing the performance environment

• Understanding oil and gas company operations
• How they affect the financial performance
• The best indicators of performance
• Identifying and evaluating potential financial and nonfinancial measures of performance
• Defining reserves from a technical perspective and from a financial perspective
• Strategies that drive performance
• The critical success factors for an oil and gas company
• Operating ratios of the oil and gas industry

Exercise: developing operating ratios for an oil and gas company

Essential requirements to link performance measures throughout the organisation

a. Distinguishing critical success factors from Key Performance Indicators (KPI’s)
b. Defining critical success factors within corporate strategy
c. Role of key performance indicators in the different business segments
d. Performance measures – leading, lagging, financial and non-financial
e. KPIs - leading and lagging

Exercise: developing KPIs’ for an oil and gas company

Day 2

Analysing financial performance

• Analysing a company’s financial reports
• Adjusting the financial reports to gain a true view of the economic potential
• Uncovering hidden items in financial reports including off-balance sheet items
• How to identify the key items that are not reported in the financial statements
• Evaluating oil and gas reserves
• How to determine quality earnings; using the latest methods of analysis such as the Dupont method, Altman Z-score and Tobin’s Q
• Financial ratios – determining which ones to use and when each is appropriate

Exercise: developing ratios from an oil and gas company’s financial reports

• Sources of industry ratios
• Analysing from a lenders perspective

Exercise: determining a proper credit rating for an oil and gas company

• Analysing from an investors perspective

Exercise: determining a proper credit rating for an oil and gas company

Market value: what does it mean and how do you measure it

Benchmarking

• When and how to adjust benchmarks for financial and non-financial measures
• What financial measures are critical and which are not

Day 3

Using performance as a tool

• Economic Value AddedTM
• The balanced scorecard that works
  • Understanding core processes, activities, and competences through value chain analysis
  • Integrating the strategies of the Strategic Business Units (SBU)
  • Understanding cause and effect using systems thinking
    • Building customer perspective measures
    • Building financial perspective measures
    • Building learning and innovation perspective measures
    • Building internal business process perspective measures
  • Developing and using qualitative measures effectively
  • Gaps analysis

Exercise: aligning the performance of the individual, the unit, the group and the company

Understanding the dynamics of change and the impact on people

• Approach to achieve sustained change
• Stakeholder management – overcoming barriers to implementation
• Communicating the case for implementation or “getting buy-in”
• What do you need to do in your organisation

How to design and implement the proper reward programs for ultimate success

Exercise: aligning the performance of the individual, the unit, the group and the company

Tying the course together

Exercise to develop a scorecard for your department/ segment/organisation

• Review/challenge and support – How is each measure defined? How is data to be collected? What will be the cost of collection for all resources? How can irrelevant data be identified? Does it drive behaviors that are strategically important?

• Robert Boyd

  Robert Boyd is president and Managing Director of an investment banking firm with offices in New York and Tulsa, Oklahoma and he is also Managing Director of a private investment firm. He has over twenty years experience in the fields of private equity, buyouts, venture capital, finance, accounting, risk management, and strategic business planning throughout the world.
  
  Prior to founding his own firms, he held positions in industry as Chief Financial Officer for a manufacturing company, financial analysts for various industries, treasurer and consultant in the banking and manufacturing industries. He currently serves on various community and corporate boards. He has served as a member of the Finance, Management Advisory Practice and Legislative committees for the Oklahoma Society of CertifiedPublic Accountants. 
  
  Robert is a past member of the board of directors for the Institute of Management Accountants, Tulsa University Friends of Finance, and served as president for the Graduate Business Association of the University of Tulsa. He is a member of the American Institute of Certified Public Accountants and is listed in “Who's Who of Global Business Leaders”. He has also been an adjunct professor of Finance and Accounting for The University of Tulsa in Tulsa.
  
  He holds a B.S.B.A. majoring in finance and accounting from Phillips University and an M.B.A. from the University of Tulsa, graduating with honors. He graduated from the Wharton Executive Development Program of the Wharton School, University of Pennsylvania, and is a member of Beta Gamma Sigma, the honor society for collegiate business schools.

  Courses run by this instructor

  • Business Development for Energy Projects - Hong Kong
  • Business Development for Energy Projects - London

Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.

International Oil Trading - London

19-22 Jun 2012 (London, UK)
4-7 Dec 2012 (London, UK)

This Euromoney Energy Training course examines markets, pricing and products to provide you with a thorough overview of the sector. The course will explore mechanisms and tools for both physical and financial oil trading allowing unparalleled access to the world of trading, its role within the oil industry and its importance in the success of oil companies. You will leave this course with a thorough understanding of the workings of crude oil markets and the range of contracts, tools and techniques available to traders.

Measuring & Managing Upstream Oil & Gas Performance - London

26-28 Nov 2012 (London, UK)

This Euromoney Energy Training course examines the roles of benchmarking and performance monitoring through key performance indicators and the analysis of business models.

Commercial and Trading Aspects of Oil Refining - London

24-27 Sep 2012 (London, UK)

The Commercial and Trading Aspects of Oil Refining course will provide you with in-depth knowledge of the refining business and an understanding of how trading/hedging can improve margins and reduce risk. Discover how to optimise refinery margins and manage the profitability of commercial refining.

2012 International Oil & Gas Summer School - London

20-24 Aug 2012 (London, UK)

This Euromoney Energy Training course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing. You will gain an appreciation of industry dynamics and the key issues affecting its development and future. This course will provide a thorough foundation for understanding the changing industry dynamics.

Fundamentals of the Oil & Gas Industry - London

17-19 Oct 2012 (London, UK)

This Euromoney Energy Training course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing. Under the guidance of our expert course faculty, participants will gain an appreciation of industry dynamics and the key issues affecting its development and future.

Unitisation & Joint Development of Petroleum Reservoirs - London

10-12 Jul 2012 (London, UK)

This 3-day Euromoney Energy Training course will give you an in-depth understanding of the problems and solutions in unit formation, negotiation of participation factors and operating agreements. The role of governmental agencies in consent and oversight will also be discussed.

An Introduction to Upstream Petroleum Economics & Risk Analysis - London

12-15 Jun 2012 (London, UK)
11-14 Dec 2012 (London, UK)

This practical Euromoney Energy Training course will enable delegates from all technical and commercial disciplines to understand the theories and methods used to value oil and gas prospects. The four-days will reveal the fundamental aspects of upstream petroleum economics and risk analysis. Through computer-based exercises, participants will construct economic models, incorporating relevant cash flow data for case study projects and scenarios.

Production Sharing Contracts & Upstream Economic Analysis - Singapore

10-12 Oct 2012 (Singapore, Singapore)

This course explores the structure and mechanisms of production sharing contracts (PSC's) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.

International Oil & Gas Contracts - Dubai

17-20 Dec 2012 (Dubai, United Arab Emirates)

This 4 day International Oil & Gas Contracts course is specifically designed for professionals involved internationally in the oil and gas industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in various UK and international scenarios and to improve your techniques and skills in drafting a variety of international contracts.

Petroleum Sales Contracts - London

3-5 Dec 2012 (London, United Kingdom)

Euromoney Energy Trainings Petroleum Sales Contracts course is designed to give attendees a comprehensive understanding of crude oil, natural gas and refined products markets and the sales contracts that are utilised for transactions through the supply chain.

Production Sharing Contracts & Upstream Economic Analysis - Rio de Janeiro

23-25 May 2012 (Rio de Janeiro, Brazil)

This course explores the structure and mechanisms of production sharing contracts (PSC's) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.

Business Development for Energy Projects - London

29-31 Oct 2012 (London, UK)

This course is designed for professionals who need to develop an understanding of the unique aspects of the energy industry, including the oil and gas commercialisation and business development or facilities evaluation and commercialisation. The course will focus on the skills required in evaluation (both buyside and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity, a midstream facility or electrical generation plant.

Production Sharing Contracts & Upstream Economic Analysis - London

11-13 Sep 2012 (London, UK)

This course explores the structure and mechanisms of production sharing contracts (PSC’s) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.

Upstream Oil and Gas Acquisition and Divestment - London

22-24 Oct 2012 (London, UK)

This 3 day Upstream Oil and Gas Acquisition and Divestment course will explain how upstream oil and gas assets are traded from both buyer and seller perspectives. The course includes references to failed and successful deals and provides valuable insight into how to conclude successful transactions. The principles of Licensing Rounds, Farm In and Farm Out processes are explored as well as key industry processes underpinning these transactions. It includes assessment of case studies, and an element of group work based on an “acquisition and divestment opportunity” where buyers and sellers meet to consider an opportunity and to “close a deal”.

Energy Risk Management: Mastering Volatile and Complex Markets - Singapore

12-15 Nov 2012 (Singapore, Singapore)

The Energy Risk Management: Mastering Volatile and Complex Markets course is a comprehensive and systematic introduction to risk management for complex energy markets. The course will detail why and how risks in energy – particularly gas and electricity - are more acute than in other traded market sectors, and how classic risk management techniques must be adapted and extended to meet these demanding conditions.

The Euromoney Upstream Management School - Singapore

1-5 Oct 2012 (Singapore, Singapore)

This 5-day course is a comprehensive review of the key features of upstream management ranging from exploration and development through to production and transportation. The course will benefit attendees who wish to broaden and deepen their upstream management skills

Energy Risk Management: Mastering Volatile and Complex Markets - London

16-19 Jul 2012 (London, UK)

People coming to energy risk management for the first time are taken aback by the extreme market conditions that are commonplace in the complex markets of oil, coal, and above all, gas and electricity. Levels of volatility and basis risk are unprecedented: and there are additional risks that are unique to energy. This course shows delegates how to deploy traditional risk management tools in the challenging context of volatile energy markets, and to extend these techniques to master the unique risk characteristics of gas and electricity.

Future Energy Trends - London

19-21 Sep 2012 (London, UK)

This 3 day course concentrates on a review and analysis of energy trends over the next 20 years. While predicting future energy trends can be fraught with uncertainties, attention is given to reviewing and analysing a variety of key market drivers, applying sensitivities and discussing probable outcomes.

Oil Trading & Risk Management - Singapore

11-15 Jun 2012 (Singapore, Singapore)

A 5-day course designed to provide participants with in-depth knowledge of oil products, oil trading, market participants and fundamentals such as pricing.

Petroleum Refining Technologies - London

17-19 Sep 2012 (London, UK)

Production Sharing Contracts & Upstream Economic Analysis - Lagos

21-23 Nov 2012 (Lagos, Nigeria)

Attend this practical and interactive three-day training course and enhance your knowledge in the following key areas: The fundamental economic principles underpinning production sharing contracts (PSC’s); The history and evolution of production sharing contracts (PSC’s); The PSC structure, content and flowchart; Cost recovery, profile share, bonuses, sliding scales; Royalty and Taxation; Ringfencing; Key economic issues in PSC negotiations and bidding, featuring: Nigeria PSC economic modelling workshop, The economic impact of the Petroleum Industry Bill (PIB) and Global case studies

Petroleum Refining Technologies - Singapore

19-21 Nov 2012 (Singapore, Singapore)

Upstream Oil and Gas Acquisition and Divestment - Hong Kong

21-23 May 2012 (Hong Kong, Hong Kong)

A 3-day intensive course exploring how upstream oil and gas assets are traded from both buyer and seller perspectives. The course will include references to failed and successful deals and provide valuable insight into how to conclude successful transactions.

How Deepwater Drilling Works - London

11-14 Jun 2012 (London, UK)

For operator drilling contractor and service company personnel that desire a specialised familiarisation, understanding and comprehension of Deepwater Drilling Operations, equipment, processes, systems and activities.

The Euromoney Upstream Management School - London

25-29 Jun 2012 (London, UK)

This 5-day course is a comprehensive review of the key features of upstream management ranging from exploration and development through to production and transportation. The course will benefit attendees who wish to broaden and deepen their upstream management skills.

Mini MBA: Understanding Petroleum Industry Dynamics - London

16-19 Jul 2012 (London, UK)

4 days of course modules that focus on the review and examination of the key elements of the supply chain from upstream activities of exploration, development and production through transportation to downstream sector that involves trading, refining, petrochemicals and final distribution to the consuming markets.

Fundamentals of Crude Oil Valuation & Pricing - London

28-30 May 2012 (London, UK)

This Fundamentals of Crude Oil Valuation & Pricing course covers everything you need to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.

Negotiating & Drafting Production Sharing Contracts (PSCs) - Dubai

20-23 May 2012 (Dubai, United Arab Emirates)

This 4-day training course will enhance your understanding of the legal issues involved in production sharing contracts and to improve your negotiation techniques.

Petroleum Refinery Economics - New York

18-20 Jul 2012 (New York, United States)

This course will give you an in-depth introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, however, petrochemical production and biofuels are also discussed. The first part of the program includes an overview of crude oil supply and petroleum product demand. This is followed with a description of refinery process technology. Key refining technologies are described such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming.

Mini MBA: Understanding Petroleum Industry Dynamics - Hong Kong

5-8 Nov 2012 (Hong Kong, Hong Kong)

4 days of course modules that focus on the review and examination of the key elements of the supply chain from upstream activities of exploration, development and production through transportation to downstream sector that involves trading, refining, petrochemicals and final distribution to the consuming markets.

Business Development for Energy Projects - Hong Kong

20-22 Aug 2012 (Hong Kong, Hong Kong)

This course is designed for professionals who need to develop an understanding of the unique aspects of the energy industry, including the oil and gas commercialisation and business development or facilities evaluation and commercialisation. The course will focus on the skills required in evaluation (both buyside and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity, a midstream facility or electrical generation plant.

Fundamentals of Crude Oil Valuation & Pricing - Singapore

25-27 Sep 2012 (Singapore, Singapore)

This Fundamentals of Crude Oil Valuation & Pricing course covers everything you need to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.

Measuring & Managing Upstream Oil & Gas Performance - Singapore

8-10 Oct 2012 (Singapore, Singapore)

This Euromoney Energy Training course examines the roles of benchmarking and performance monitoring through key performance indicators and the analysis of business models.

Energy Finance School: Upstream, Midstream & Downstream Oil, Gas & LNG Projects - London

25-29 Jun 2012 (London, UK)

Featuring 3–individually bookable modules: - Upstream development & production - Mid-stream pipelines & LNG projects - Downstream oil refineries & petrochemical plants - Including: 16 key industry case studies to improve your understanding

Natural Gas - A global game changer in sources, production and market forces - London

20-22 Aug 2012 (London, UK)

Introduction to Offshore Drilling - London

24-27 Sep 2012 (London, UK)

2012 Energy School - Upstream, Midstream & Downstream - Hong Kong

22-31 Oct 2012 (Hong Kong, Hong Kong)

How Deepwater Drilling Works - Singapore

20-23 Nov 2012 (Singapore, Singapore)

For operator drilling contractor and service company personnel that desire a specialised familiarisation, understanding and comprehension of Deepwater Drilling Operations, equipment, processes, systems and activities.

Future Energy Trends - Hong Kong

12-14 Nov 2012 (Hong Kong, Hong Kong)

This 3 day course concentrates on a review and analysis of energy trends over the next 20 years. While predicting future energy trends can be fraught with uncertainties, attention is given to reviewing and analysing a variety of key market drivers, applying sensitivities and discussing probable outcomes.

Introduction to Offshore Drilling - Singapore

12-15 Nov 2012 (Singapore, Singapore)

Production Sharing Contracts & Upstream Economic Analysis - Almaty

14-16 Nov 2012 (Almaty, Kazakhstan)

This course explores the structure and mechanisms of production sharing contracts (PSC’s) and the economic principles that underpin them. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.

Oil & Gas International Arbitration - The Theory & Practice - London

17-21 Sep 2012 (London, UK)

This 5-day course is designed to introduce both lawyers and nonlawyers alike to the theories and practice of international commercial and investment arbitration in the oil & gas industry.