Your complete guide to a successful career in Oil & Gas
6 courses in 1 : Oil Production Economics Trading Pricing Specifications Logistics Petroleum Refining and Petrochemicals
Description
June 24 course update:
We have added new video lectures. In addition, new quizzes are being added to help you test your knowledge and emphasize the key learning points. The quiz will include:
True/False questions
Multi-choice questions
Images, cross-sectionnal views
Solved problems
and much more...
When you think you’ve got a good grasp on a topic within the course, you can test your knowledge by taking the quiz. If you pass, wonderful ! If not, you can review the videos and notes again or ask us for help in the Q&A section.
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Dear student,
Welcome to this online course on Oil & Gas.
This course is designed to give you a complete understanding of the Oil & Gas industry for a successful career.
The course uses up-to-date global statics and is organized into 6 parts :
>> PART 1 : OVERVIEW OF THE OIL AND GAS INDUSTRY
This first part will :
Outline the main characteristics of the petroleum industry
Review the major events of its history and the associated geopolitics
Analyse the place of oil among all energy sources and forecasts future prospects for oil production and demand
Outline the roles of the main players within the petroleum industry :
Consumer countries (USA, China, Europe...)
Major companies (ExxonMobil, Chevron, Shell, BP, Total...)
Producing countries (OPEC and non-OPEC)
Provide a quick review of the scale of investments and profitability in the oil industry
>> PART 2 : PETROLEUM PRODUCTS : PROPERTIES, SPECIFICATIONS, MARKETS AND DEMAND
This second part will :
Outline the main characteristics and properties of petroleum products (LPG, gasoline, diesel, kerosine, fuel oil...)
Review their main specifications and how these specifications evolved over time and for different countries
Describe the standard quality control tests performed in refineries and petrochemical plants, highlights the tests significance and the accuracy of the methods
Analyse the place of each petroleum product, the associated market trends and forecasts future prospects for production and demand
>> PART 3 : OIL AND GAS : MARKETS, TRADING, PRICING, AND ECONOMIC FRAMEWORK
This third part will :
Review the different oil trading markets by type of transaction
Summarize the operation of the physical and financial oil markets
Review the different types of contracts : long term, spot and forward
Outline how crude oil and petroleum products are traded
Explain the pricing mechanism of crude oil and petroleum products
Analyze the parameters which influence prices of crude oil and prices of petroleum products
Review the different exchanges and their organization: the cases of NYMEX and ICE
Describe hedging techniques available for protection against fluctuations in prices
Outline the principle of financial derivative products like Swaps and Options
>> PART 4 : LOGISTICS OF CRUDE OIL AND PETROLEUM PRODUCTS
This fourth part will :
Analyse transport problems, particularly the transport of crude oil
Discuss sea and pipeline transport, their associated costs and operational and regulatory framework
Outline the different ways of delivering finished petroleum products from a refinery : by water, pipeline, rail or road
Describe the different restrictions that apply to product dispatch and their various controls (Quality, Quantity, Customs...)
>> PART 5 : PETROLEUM REFINING DEMYSTIFIED
This fifth part will :
Provide a broad technical information on refining processes and petroleum products
Enable a rapid immersion in the refining industry
Describe the composition and main characteristics of various crude oil (Brent, Arab light, Urals, Forcados, Forties...) and petroleum products (LPG, Gasoline, Gas oil, Fuel oil...)
Explain the role of various processing units in a refinery
Describe the main manufacturing schemes encountered in petroleum refining
>> PART 6 : OVERVIEW OF THE PETROCHEMICAL INDUSTRY : THE STEAM CRACKING PROCESS
This last part will :
Provide essential information on petrochemical industry and its integration in the petroleum chain
Outline the origin and uses of the main olefinic and aromatic intermediates
Explain the different steps of the petrochemical industry
Explain in details the Steam Cracking process : its principles, its design and operations
Outline the stakes in term of economy and the main parameters which influence the productivity of the petrochemical industry
Situate the petrochemical industry in its energy and geographic environment
=> IMPORTANT NOTES :
The course includes
more than 45 downloadable resources
in pdf format with
un
limited access.
These documents contain everything you need to know about the Oil and Gas industry (Global trends, crude oil characteristics and properties, petroleum products properties and specifications, refining and petrochemical process schemes, layouts and much more...)
To download the files :
1. Go to the "course curriculum" page
2. Expand all the sections to have access to all the pdf files
3. Click on any file to open it. You can save it to view it later offline
So with no further ado, check out the free preview videos and the curriculum and we look forward to see you in the first section.
Also remember, as enrolled student you will have unlimited access to this material and one-on-one instructor support. So feel free to interact with us by email or simply ask us for help in the Q&A section. It will be our pleasure to help you and provide assistance.
Hope to see you there
Cheers,
WR Training
Spread the wings of your knowledge
Who this course is for:
Students in chemical engineering, refining, petrochemicals, economics, logistics...
Professionals with an interest in increasing their understanding of the oil & gas industry
Newly-hired refinery or petrochemical plant personnel and current semi-technical personnel who require further training
Engineers (chemical, petrochemical, petroleum, process...)
Oil & Gas operators and technicians
Support personnel of an oil company including maintenance, logistics, supply chain, sales, marketing, quality...
Energy industry journalists and reporters
Business men and financiers
Traders
Brokers
What you'll learn
COURSE #1 : Gain a broad perspective of the global oil and gas industry and understand the role of oil in our life
COURSE #1 : Discover the history of the oil industry from its earliest development at the end of the 19th century to the current situation
COURSE #1 : Interpret the evolution of the factors affecting the energy supply and demand (crude prices, technology, reserves, geopolitics, geography, environment...)
COURSE #1 : Identify the actors of the energy scene and their strategic guidelines (producer and consumer countries, national, independent and international oil companies, international organizations (OPEC, IEA...))
COURSE #1 : Describe the different types of energy resources (conventional, unconventional, renewable & fossil)
COURSE #1 : Understand and appreciate the future energy challenges in terms of production and demand
COURSE #2 : Grasp the main characteristics of petroleum products and their relevance for end-users
COURSE #2 : List the key properties for automotive fuels (now and in the future)
COURSE #2 : Identify recent changes and future trends for the petroleum products’ specifications, markets and demand
COURSE #2 : Identify the main trends of fuel evolution due to: new regulations and/or new motor technologies
COURSE #2 : Understand how the main properties of each petroleum products are measured, checked and controlled using standard quality control tests
COURSE #2 : Understand the tests significance and accuracy of the methods
COURSE #3 : Review the different oil trading markets by type of transaction
COURSE #3 : Summarize the operation of the physical and financial oil markets
COURSE #3 : Review the different types of contracts: long term, spot and forward
COURSE #3 : Understand how crude oil and petroleum products are traded
COURSE #3 : Understand the pricing mechanism of crude oil and petroleum products
COURSE #3 : Analyze the parameters which influence prices of crude oil and prices of petroleum products
COURSE #3 : Review the different exchanges and their organization: the cases of NYMEX and ICE
COURSE #3 : Comprehend hedging techniques available for protection against fluctuations in prices
COURSE #3 : Understand the principle of financial derivative products like Swaps and Options
COURSE #4 : Gain a broad perspective of the global oil and gas business : supply and transportation
COURSE #4 : Understand logistics and supply principles and practices
COURSE #4 : Use Worldscale reference to charter a ship and to calculate the profitability
COURSE #4 : Understand how the commercial petroleum products (gasoline, diesel, fuel) are dispatched from the refineries to the market
COURSE #5 : Comprehend the basic differences between exploration, refining and petrochemicals
COURSE #5 : Understand the basics of the various refining processes
COURSE #5 : Learn what crudes are made of and understand the chemical properties of their hydrocarbon components like paraffins, naphthenes, aromatics...
COURSE #5 : Learn how the major refining processes work and interact with each other (distillation, isomerization, alkylation, catalytic reforming, hydrotreater, sulfur plant, fluid catalytic cracking, hydrocracking, delayed coking, asphalt/lube plant...)
COURSE #5 : Understand how the main petroleum products are made (LPG, gasoline, kerosene, diesel fuel, heating oil, heavy fuel, asphalts, lubricants...)
COURSE #5 : Appreciate that aromatics are important to the petrochemical industry even though refineries are trying to minimize these in gasoline due to their toxic properties
COURSE #5 : Appreciate that olefinic and aromatic petrochemical precursors are specialty chemicals produced by the refining processes
COURSE #6 : Comprehend the basic differences between petroleum refining and petrochemicals
COURSE #6 : Review the interactions with refining (objectives, advantages, flow and services exchanges…)
COURSE #6 : Situate the petrochemical industry in its energy and geographic environment
COURSE #6 : Explain the different steps of the petrochemical industry
COURSE #6 : Understand the operating principles of the steam cracking process
COURSE #6 : Know the origin and uses of the main olefinic and aromatic intermediates
COURSE #6 : Know the main markets for olefins, C4 cuts and aromatics
COURSE #6 : Know the opening on the petrochemistry of the main plastics
COURSE #6 : Know the outlets and main industrial uses of olefinics, diolefinics and aromatics hydrocarbons
Requirements
- You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
- No previous design experience is needed.
- No previous Adobe XD skills are needed.
Course Content
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