Energy, Oil and Gas Economics Related Courses
This course provides comprehensive training in process safety engineering tailored for engineers, operators, technicians, and HSE (Health, Safety, and Environment) professionals. Participants will learn essential principles, best practices, and regulatory requirements for ensuring safety in industrial processes
Course Modules
Fundamentals of Energy Economics and Analytical Tools
This module will provide an understanding of the economic principles
that apply to the energy industry and provide a comprehensive
overview of the commonly employed methods for conducting economic
analysis in the energy sector. It also focuses on the economic
implications of these methods and provides the necessary economic
tools for their analysis.
Outcome
- Explain the concept of energy economics.
- Understand the dynamics of the energy system.
- Understand the demand condition in the energy market.
- Understand the supply condition in the energy market.
- Analyse the elasticities in the energy market.
- Understand energy policies and their implications.
- Explain the relationship between energy markets and the
environment.
- Analyse the Nigeria’s energy market/industry.
Petroleum Economics and Policy
This course will provide an understanding of the economic and policy
issues in the petroleum sector and examine the economic and
institutional aspects of the global oil and gas sector. In addition, a
specific analysis will be conducted on the evolution of Nigeria’s
petroleum industry.
Outcome
- Understand the general overview of petroleum economics.
- Understand the link between oil and the macroeconomy: Nigeria’s
experience.
- Understand the economics of upstream, midstream, and
downstream operations.
- Understand the oil price mechanisms.
- Economics of petroleum transportation
- Petroleum spot and futures markets
- Future of the petroleum market amidst energy transition
Natural Gas Dynamics
This course will examine the operations and dynamics of the natural
gas market, the trading and price-generating mechanisms, and the
economic implications of policies and global uncertainties on the
market. It will equip the participants with the essential analytical tools
to understand the gas market. The course will also examine the future
of natural gas in the transition to low-carbon energy.
Outcome
- Understand the workings and operations of the gas market.
- Gas in economic activities
- Understand the demand and supply dynamics in the gas market.
- Explain the price-generating processes in the gas market.
- Spot and futures markets
- Contango and Backwardation in the gas market
- Economics of Gas Transportation
- Future of natural gas amidst energy transition