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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.
---
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

27 sections • 95 lectures
Expand All Sections
1-WR Training
1
1.1-Welcome to WR Training
2-ABOUT THIS COURSE BUNDLE
1
2.1-Overall introduction
3-COURSE #1 : ABOUT THE COURSE
1
3.1-Introduction
4-COURSE #1 : OIL IN OUR ECONOMIC LIFE
2
4.1-Oil in our economic life : Introduction
4.2-The role of oil in our economic life
5-COURSE #1 : THE CHARACTERISTICS OF THE OIL INDUSTRY
5
5.1-Centers of production and demand
5.2-Exploration risks
5.3-The importance of capital investment
5.4-Associations between companies
5.5-The concentration of production
6-COURSE #1 : A BRIEF HISTORY OF THE OIL INDUSTRY AND PETROLEUM REFINING
9
6.1-The beginnings of the oil industry
6.2-The Rockefeller era
6.3-The development of the oil industry
6.4-The world oil order before 1960
6.5-The formation of the OPEC and the 2 oil shocks
6.6-The consequences of the 2 oil shocks
6.7-The 1986 oil counter shock
6.8-The Gulf Crisis
6.9-The current situation
7-COURSE #1 : ENERGY, OIL AND ECONOMIC DEVELOPMENT
5
7.1-Energy equivalence
7.2-The world energy balance
7.3-Regional energy balances
7.4-Energy consumption and wealth
7.5-Energy consumption and price
8-COURSE #1 : ENERGY CONSUMPTION FORECAST
1
8.1-Energy consumption forecast
9-COURSE #1 : ENERGY RESOURCES
1
9.1-Energy resources
10-COURSE #1 : PRODUCTION OF OIL AND GAS
4
10.1-The historical development
10.2-The current position
10.3-Future prospects
10.4-The production of natural gas
11-COURSE #1 : THE PLAYERS OF THE OIL SCENE
3
11.1-The consuming countries
11.2-OPEC
11.3-The major oil companies
12-COURSE #1 : INVESTMENTS
1
12.1-Facts and figures
13-COURSE #1 : PROFITABILITY
1
13.1-Facts and figures
14-COURSE #1 : CONCLUSION OF PART 1
1
14.1-Conclusion of part 1
15-COURSE #2 : ABOUT THE COURSE
1
15.1-Introduction
16-COURSE #2 : PETROLEUM PRODUCTS
3
16.1-Many products, many applications
16.2-Various classifications
16.3-Specifications
17-COURSE #2 : THE DEMAND FOR OIL PRODUCTS
9
17.1-Current consumptions
17.2-How consumption changed - Overview
17.3-How consumption changed by market sector
17.4-How consumption changed - Automotive fuels
17.5-Demand for automotive fuels
17.6-The automotive vehicle fleet
17.7-Gasoline or Gas Oil ?
17.8-Future demand for gasoline and gas oil
17.9-Consumption of automotive fuels - Income and price
18-COURSE #2 : GASOLINE
7
18.1-Octane number
18.2-Vapor pressure
18.3-Relative density
18.4-Various gasoline grades with # octane numbers
18.5-Unleaded gasoline
18.6-US oxygenated and reformulated gasolines
18.7-Europe : The Auto Oil Programme
19-COURSE #2 : GAS OIL
5
19.1-Main characteristics
19.2-Auto-ignition and Cetane Index
19.3-Cold temperature performance
19.4-Sulfur content
19.5-Appearance
20-COURSE #2 : HEATING GAS OIL
3
20.1-Generalities
20.2-The market for heating gas oil
20.3-Specifications
21-COURSE #2 : HEAVY FUEL OIL
3
21.1-Generalities
21.2-Heavy fuel oil consumption
21.3-Specifications
22-COURSE #2 : LIQUEFIED PETROLEUM GAS - LPG
3
22.1-Generalities
22.2-LPG production
22.3-The market for LPG
23-COURSE #2 : NAPHTHA AND PETROCHEMICAL FEEDSTOCKS
1
23.1-Naphtha and petrochemical feedstock
24-COURSE #2 : JET FUEL
3
24.1-Generalities
24.2-The market for jet fuel
24.3-Specifications
25-COURSE #2 : LUBRICATING OIL
2
25.1-The market for lubricating oil
25.2-Some technical aspects
26-COURSE #2 : BITUMEN / ASPHALTS
2
26.1-Generalities
26.2-Bitumen demand
27-COURSE #2 : CONCLUSION OF PART 2
1
27.1-Conclusion of part 2
28-COURSE #2 : DOWNLOADABLE RESOURCES
1
28.1-Course #2 : Downloadable resources
29-COURSE #3 : ABOUT THE COURSE
1
29.1-Learning objectives
30-COURSE #3 : CRUDE OIL : A UNIQUE RAW MATERIAL
3
30.1-Introduction
30.2-A marker price
30.3-Different strategies
31-COURSE #3 : INTERNATIONAL OIL TRADE
5
31.1-Introduction
31.2-The 1970s : Long term contracts
31.3-The 1980s : The development of spot markets
31.4-The netback contracts
31.5-The 1990s : The development of financial markets
32-COURSE #3 : PRICES ON THE OIL MARKETS
4
32.1-Introduction
32.2-The different types of agreements
32.3-Crude oil price setting mechanism
32.4-Product price setting mechanism
33-COURSE #3 : TRADING ON THE OIL MARKETS
3
33.1-Barter agreements
33.2-Single cargo sales
33.3-Long term contracts
34-COURSE #3 : THE SPOT MARKETS
4
34.1-Definition
34.2-Spot markets in the world
34.3-Operators on the spot markets
34.4-The balance between crude oil and product prices
35-COURSE #3 : SPOT CRUDE OIL PRICES
8
35.1-Spot transactions
35.2-The Brent market
35.3-The Brent crude oil
35.4-Price transparency
35.5-Indexing crude oil prices : The adjustment factor
35.6-Indexing crude oil prices : Reference indices
35.7-Indexing crude oil prices : The price timing
35.8-The limitation of the system
36-COURSE #3 : PETROLEUM PRODUCTS PRICE SETTING MECHANISM
2
36.1-Example #1 : The Rotterdam products market
36.2-How prices are reported
37-COURSE #3 : THE PHYSICAL FUTURES MARKETS
6
37.1-The forward market
37.2-The principle of cover
37.3-Speculation
37.4-The players on the forward markets
37.5-Dated Brent and 15 Day Brent
37.6-The limitations of the forward markets
38-COURSE #3 : THE FINANCIAL FUTURES MARKETS
9
38.1-The historical development of the petroleum exchanges
38.2-Futures contracts
38.3-How the markets work : Generalities
38.4-How the markets work : The clearing house
38.5-How the markets work : The deposit
38.6-How the markets work : The margin call
38.7-The participants
38.8-Pricing structures : Backwardation and Contango
38.9-The limitations of the futures markets
39-COURSE #3 : DERIVATIVE PRODUCTS : SWAPS AND OPTIONS
6
39.1-The definition of an option
39.2-Example of the use of an option : Call option
39.3-Example of the use of an option : Put option
39.4-The cost of an option
39.5-The definition of a swap
39.6-Example of the use of a swap
40-COURSE #3 : CONCLUSION OF PART 3
1
40.1-Conclusion of part 3
41-COURSE #4 : ABOUT THE COURSE
1
41.1-Learning objectives
42-COURSE #4 : THE DIFFERENT METHODS OF TRANSPORT
1
42.1-Introduction to the different methods of transport
43-COURSE #4 : MARINE TRANSPORT
11
43.1-The different types of tankers
43.2-The different types of charters
43.3-The cost of marine transport
43.4-The price of marine transport
43.5-Prices and costs of marine transport
43.6-Regulations : National flag requirement
43.7-Flags of convenience
43.8-Operating aspects
43.9-Controls on loading
43.10-Administrative formalities
43.11-The reception of tankers
44-COURSE #4 : TRANSPORT BY PIPELINE
2
44.1-The constraints
44.2-The cost of transport by pipeline
45-COURSE #4 : COMPARING TRANSPORT COSTS
1
45.1-Comparing transport costs
46-COURSE #4 : STORAGE AND DELIVERY TO THE REFINERY
1
46.1-Storage and delivery to the refinery
47-COURSE #4 : DISPATCH OF PETROLEUM PRODUCTS
5
47.1-Introduction
47.2-Dispatch by pipeline
47.3-Dispatch by water
47.4-Dispatch by rail
47.5-Dispatch by road
48-COURSE #4 : CONTROLS AT DISPATCH
4
48.1-Quality
48.2-Quantities
48.3-Administrative accounting methods
48.4-Customs formalities
49-COURSE #5 : PETROLEUM REFINING
2
49.1-Course learning objectives
49.2-Refining activity overview
50-COURSE #5 : PETROLEUM COMPOSITION
1
50.1-Crude oil : Composition and characteristics
51-COURSE #5 : DISTILLATION AND FRACTIONATION
3
51.1-Atmospheric distillation
51.2-Vacuum distillation
51.3-Light cut fractionation
52-COURSE #5 : CONVERSION
3
52.1-Isomerization
52.2-Alkylation
52.3-Catalytic reforming
53-COURSE #5 : HYDROFINING
2
53.1-Hydrotreating
53.2-Sulfur plant
54-COURSE #5 : CRACKING
3
54.1-Fluid catalytic cracking - FCC
54.2-Hydrocracking
54.3-Delayed coking
55-COURSE #5 : BLENDING
1
55.1-Blending of finished petroleum products
56-COURSE #5 : MAKING ASPHALTS
1
56.1-Asphalts
57-COURSE #5 : A TYPICAL REFINERY SCHEME
1
57.1-A typical refinery scheme
58-COURSE #5 : DOWNLOADABLE RESOURCES
2
58.1-Course #5 : Downloadable resources
58.2-The chemical engineer's reference folder
59-COURSE #6 : ABOUT THE COURSE
2
59.1-Introduction
59.2-What you will learn
60-COURSE #6 : PETROCHEMICAL ACTIVITIES OVERVIEW
1
60.1-Petrochemical plants : location, possible feedstocks and main products
61-COURSE #6 : WHAT YOU NEED TO KNOW ABOUT ORGANIC CHEMISTRY
1
61.1-PONA : Paraffins, Olefins, Naphthenes and Aromatics
62-COURSE #6 : ABOUT STEAM CRACKER PLANTS
4
62.1-A little history
62.2-Cracking conditions
62.3-Feedstocks and yields
62.4-Investment and economics
63-COURSE #6 : THE STEAM CRACKING PROCESS
4
63.1-Introduction
63.2-The hot zone
63.3-The compression zone
63.4-The cold zone
64-COURSE #6 : SELECTIVE HYDROGENATION
5
64.1-Characteristics of hydrogenation
64.2-Hydrogenation of steam-cracked C2 cut
64.3-Hydrogenation of steam-cracked C3 cut
64.4-Hydrogenation of steam-cracked C4 cut
64.5-Hydrostabilization of steam-cracked gasoline
65-COURSE #6 : A TYPICAL STEAM CRACKER PROCESS
3
65.1-Process summary, production key figures and downstream units
65.2-Course evaluation
65.3-Bonus