Académique Documents
Professionnel Documents
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2012
Global Course Offerings
www.oxfordprinceton.com
INSTRUCTOR-LED
Thousands of professionals have discovered world-class courses in which they experience comprehensive and cutting-edge learning accompanied by real-time discussion. They interact with pre-eminent market experts and network with the industrys best and brightest. Over 250 courses are offered across the world in 2012. Visit our website for an up-to-date course schedule.
IN-HOUSE/ON-SITES
In some cases, a company may prefer to bring the training in-house. This option is ideal for organisations that want to train a team or several individuals without the added expense of travel and time away from work. Courses are available off-the-shelf or can be customised to address challenges and opportunities specific to your business which remain completely confidential. Come to us with your training goals and let us assist in the design of a course exclusive to your enterprise.
INTERNET-ENABLED/WEB-BASED
Convenient, self-paced e-learning is available 24 hours a day, 7 days a week and is accessible from any internet-enabled computer worldwide. This flexible option is ideal for busy professionals whether they are new hires or seasoned managers. We offer a broad library. Individual course purchase as well as corporate access, licensing and multiple voucher contract discounts are available. A full list is available at www.princetonlive.com.
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The Oxford Princeton Programme, Inc. is not affiliated with Princeton University, Oxford University, or Oxford University Press. Catalogue Version 01/12
2012
Global Course Offerings
Choose from one or more of our training experiences to meet your needs: GOLD
Courses run a variety of lengths up to five days therefore providing the depth and breadth necessary to cover a subject, general or specialised, comprehensively. Instruction includes lectures, team-driven simulations and case studies throughout. As an option, a Diploma in International Oil Supply and Trading as well as a Certificate in Derivatives Pricing, Hedging and Risk Management are awarded for completion of a required series of courses. Ongoing interaction with faculty as well as fellow industry professionals ensures solid networking and cross-learning opportunities. For Oxford-based courses, delegates can also choose the accommodation package and a class dinner is organised for at least one night during the course.
SILVER
Courses run mostly one to two days and are designed as overviews or surveys on various energy and derivatives subjects. They are led by a roster of expert instructors who provide a mix of lectures, case studies and shorter team-driven simulations when appropriate. These are ideal for new industry entrants and hires or professionals who seek a tutorial on a particular topic. In most cases, a web-based pre-study module is available to ensure key terms and concepts are introduced ahead of time.
BLUE
Courses are available as self-paced web-based sessions accessible 24/7 from any Internet-enabled computer. They serve as standalone modules that can also compliment gold or silver courses. Titles can be found in our library at www.princetonlive.com.
Table of Contents
Guide to Course Icons ........................................................................................................................................................6 Competency Paths, Customised On-Sites/In-House Training, Postgraduate Diploma and Certification Programmes...........................................................................................7 Diploma in International Oil Supply and Trading.......................................................................................................8 Certificate in Derivatives Pricing, Hedging and Risk Management/BAC Accreditation.................................9 Continuing Professional Education (CPE) and Continuing Professional Development (CPD) Credits...........................................................................................................................................10 BUSINESS ANALYSIS AND PROJECT FINANCE ........................................................................................................11 Analyzing Energy Companies - A Practical Approach for Non-Finance Managers (AEC) ..........................12 Energy Project Finance - A Practical Approach for Non-Finance Managers (APF) .....................................13 Energy Sector Capital Investment: Project Management Orientation (PMO) ................................................14 TRADING DERIVATIVES, HEDGING AND RISK MANAGEMENT..........................................................................15 Fundamentals of Energy Futures (FOEF) .....................................................................................................................16 Options I - Fundamentals of Energy Options (FOEO) .............................................................................................17 Energy Risk Management (ERM) ...................................................................................................................................18 Options II - Options Pricing and Applications (OPA)..............................................................................................19 Options III - Option Strategies (OS)..............................................................................................................................20 Options IV - Exotic Options (EXO).................................................................................................................................21 North American Gas and Power Trading and Risk Management (NAGP) ........................................................22 European Gas and Power Trading (EGPT)....................................................................................................................23 Fundamentals of Natural Gas Basis Trading (NGBT)................................................................................................24 Fundamentals of Technical Analysis (TA)....................................................................................................................25 Advanced Technical Analysis and Technical Trading (ATA) ...................................................................................26 Front to Back Office: Trading Controls and Best Practices (FTBO) .....................................................................27 Compliance, Ethics and the Role of the Middle Office (FTBOII)..........................................................................28 Value-at-Risk: The Basics and Beyond (VAR).............................................................................................................29 Energy Derivatives Markets, Instruments and Hedging (DPH1) ..........................................................................30 Energy Derivatives Pricing, Hedging and Risk Management (DPH2).................................................................31 Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) ............................................32 Trader Psychology The Discipline and Methods to Trading Success (TPS)....................................................33 A Disciplined Approach to Asset-Based Trading in Oil Markets (ABT) ..............................................................34 Liquidity and Counterparty Risk Management (LCRM) .........................................................................................35 Power Hedging and Risk Management for Utilities (PRM)...................................................................................36 Overview of Physical Crude Oil Trading and Operations (CT)...............................................................................37 Overview of the Physical Trading of Petroleum Products (PT) ............................................................................38 Oil Trading Orientation (OTO).........................................................................................................................................39 Introduction to Emissions Trading (EM)......................................................................................................................40 International Oil Supply, Transportation, Refining and Trading (SP1) ..............................................................41 International Oil Trading and Pricing (TR1) ...............................................................................................................42
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Table of Contents
The Use of Advanced Instruments in International Oil Price Risk Management (TR3)................................43 Total Risk Management in the International Oil and Derivatives Market (TRM)...........................................44 The Synergies of Refining, Trading and Supply (TRR).............................................................................................45 International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL).............................................................................................................46 International Trading Operations Practice (TROP).....................................................................................................47 Trading and Operations Within the International Oil Markets (TRSA)..............................................................48 Principles of International Oil Trading (TR0) .............................................................................................................49 International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2)..............50 Trading Operations Practice (TRSQ) ..............................................................................................................................51 Tanker Ownership, Chartering and Operations (TD2) .............................................................................................52 Tanker Ownership, Chartering and Operations (TD2E) ...........................................................................................53 The Chemicals Shipping Market - Chartering and Operations (TD3) ................................................................54 Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)............................55 Aviation Fuels: Supply, Trading and Risk Management (AV1) .............................................................................56 BIOFUELS/ETHANOL..........................................................................................................................................................57 The Emerging Ethanol Energy Markets: A Comprehensive Overview (ETNL) ..................................................58 Introduction to Renewable Energy: Resources, Technology and Commercial Opportunity (REN)...........59 A Biofuels Overview (BFO)...............................................................................................................................................60 OIL INDUSTRY .....................................................................................................................................................................61 Introduction to the Downstream Oil Business (DOB) .............................................................................................62 Downstream Sales & Marketing (DSM) .......................................................................................................................63 Upstream Oil and Gas Industry - The Full E&P Picture (EXP1) ............................................................................64 Overview of the Petroleum Industry (OPI) .................................................................................................................65 Overview of the Physical Trading of Petroleum Products (PT) ............................................................................66 The Changing Geopolitics of Oil and Gas: Identifying and Managing Political Risk (GEOP) .....................67 Overview of and Opportunities in Latin American Crude Oil (LACO)................................................................68 Overview of Physical Crude Oil Trading and Operations (CT)...............................................................................69 Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) ................................................70 Fundamentals of Refinery Economics and Blending (FREB).................................................................................71 Oil Trading Orientation (OTO).........................................................................................................................................72 Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG) ...........................73 International Oil Supply, Transportation, Refining and Trading (SP1) ..............................................................74 International Oil Trading and Pricing (TR1) ...............................................................................................................75 The Use of Advanced Instruments in International Oil Price Risk Management (TR3)................................76 Total Risk Management in the International Oil and Derivatives Market (TRM)...........................................77 The Synergies of Refining, Trading and Supply (TRR).............................................................................................78 Fundamentals of Refining and Supply Economics (TRFE) .....................................................................................79 International Oil Trading - A Practical Approach to the Legal Issues for Successful
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Table of Contents
Management of Claims and Disputes (TRL).............................................................................................................80 International Trading Operations Practice (TROP) ...................................................................................................81 Trading and Operations Within the International Oil Markets (TRSA)..............................................................82 Principles of International Oil Trading (TR0) .............................................................................................................83 International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2).............84 Trading Operations Practice (TRSQ)..............................................................................................................................85 A Disciplined Approach to Asset-Based Trading in Oil Markets (ABT) ..............................................................86 LPG - Supply, Economics, Markets and International Trading (LP1)..................................................................87 International LPG Trading and Pricing - Supply, Shipping Contracts and Risk Management (LP2)........88 LPG Trading and Pricing - Shipping, Contracts and Price Risk Management (LP0)......................................89 Introduction to Emissions Trading (EM)......................................................................................................................90 Retail Marketing - Maximising Outlets and Networks (RM0)..............................................................................91 Network Planning and Asset Management for Professional Retailers (RMNP) .............................................92 Blending and Product Quality (TRB).............................................................................................................................93 The Emerging Ethanol Energy Markets: A Comprehensive Overview (ETNL) ..................................................94 Introduction to Renewable Energy: Resources, Technology and Commercial Opportunity (REN)...........95 A Biofuels Overview (BFO)...............................................................................................................................................96 Gasoline and Diesel Fuel Technology (GDT1).............................................................................................................97 Advanced Gasoline and Diesel Fuel Technology (GDT2) ........................................................................................98 Aviation Fuels: Supply, Trading and Risk Management (AV1) .............................................................................99 Technical and Operational Aspects Involved in the Handling of Aviation Fuel (AF1) ...............................100 Fundamentals of Oil, Petrochemicals and Gas Shipping (TD1)..........................................................................101 Tanker Ownership, Chartering and Operations (TD2) ...........................................................................................102 Tanker Ownership, Chartering and Operations (TD2E).........................................................................................103 The Chemicals Shipping Market Chartering and Operations (TD3).................................................................104 Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)..........................105 A Practical Understanding of Commercial Risks in Laytime and Demmurage (TDL)..................................106 The Tanker Market - Managing the Downturn, Anticipating the Upturn (TDS)..........................................107 Residual and Bunker Fuel Oil: Understanding the Supply Chain, Price Drivers and Technical Aspects (MFM1)..................................................................................................................................108 Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0)....................................................................................................................................................109 Petrochemical Markets and Economics - The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH1) .....................................................................................................110 Petrochemical Markets and Economics - The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH10)....................................................................................................111 Overview of Petrochemical Processes, Catalysts and Markets (PPCM) ...........................................................112 The Aromatics Business - Markets and Economics (CH5)....................................................................................113 The Olefins Business - Markets and Economics (CH6)..........................................................................................114 Understanding the Global Lubricants Business Regional Markets, 4
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Table of Contents
Economic Issues and Profitability (LB1)..................................................................................................................115 Lubricants Refining and Manufacturing (LB5) .......................................................................................................116 Energy Value Chain (EVC)...............................................................................................................................................117 NATURAL GAS AND POWER INDUSTRY ..................................................................................................................118 Upstream Oil and Gas Industry - The Full E&P Picture (EXP1) .........................................................................119 Overview of the North American Natural Gas Industry (NANG)......................................................................120 North American Natural Gas Transportation and Storage (NGTS)...................................................................121 North American Gas and Power Trading and Risk Management (NAGP)......................................................122 European Gas and Power Trading (EGPT) .................................................................................................................123 Overview of the European Natural Gas Industry (ENG) ......................................................................................124 Exploring European Natural Gas Markets (EEGM).................................................................................................125 Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG).........................126 Overview of the Global LNG Industry (LNG) ...........................................................................................................127 Global LNG The Complete Supply Chain (LNG1)................................................................................................128 International LNG Contracts- Commercial Factors and Negotiations (LNG5)..............................................129 LNG Shipping: The Centre of Global Gas Supplies - Harmonising the Upstream, Downstream and Mid Stream (TDLNG) ............................................................................................................................................130 International Gas Contracts - Commercial Factors and Negotiations (NG5) ...............................................131 The Gas Chain Concept - Industry Structure, Economics and Pricing (NG3) ...............................................132 Overview of and Opportunities in Latin American Natural Gas (LANG) ........................................................133 The Changing Geopolitics of Oil and Gas: Identifying and Managing Political Risk (GEOP) ..................134 Natural Gas in the Competitive Electricity Generation Market (NGPG) ........................................................135 Fundamentals of Natural Gas Basis Trading (NGBT).............................................................................................136 Energy Value Chain (EVC) ..............................................................................................................................................137 Overview of European Electric Power Markets (EEP) ...........................................................................................138 Overview of the North American Electric Power Industry (ET).........................................................................139 Introduction to Emissions Trading (EM) ...................................................................................................................140 WEB-BASED TRAINING .................................................................................................................................................141 Web-Based Training...............................................................................................................................................142-149 Faculty........................................................................................................................................................................150-157 Index by Date...........................................................................................................................................................158-162 Index by City ............................................................................................................................................................163-167 Registration Forms .................................................................................................................................................168-169
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Competency Paths
The Oxford Princeton Programme has created road maps for those seeking full expertise status in a specified field. These paths offer a series of courses that can be taken over a flexible time horizon. They apply to all professionals (entry-level, middle management, senior management) as one can enter anywhere on the path as is suitable with his or her individual level of knowledge, skill and experience. Consult with our Manager Support Representatives to determine the path and entry point that best fits you. For a summary of industry-specific paths, please log onto http://www.oxfordprinceton.com/public-courses/instructor-led-classroom-training-competency-paths.html
On-Sites/In-House Training
Organisations understand the benefits of bringing training into the workplace or to a site that joins together work teams or functions. Confidentiality fosters a freer forum to discuss company-specific challenges and flexibility allows for managers to determine which topics require emphasis based on specific requirements. Convenience comes with chosen time and location not to mention cost savings. Our team is available to listen to your needs and offer effective solutions. Any course in this catalogue designated by an in-house icon (as seen on left) is available off the shelf, combined with other titles, or customised.
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BAC Accreditation
The Oxford Princeton Programme is accredited by the British Accreditation Council for Independent Further and Higher Education (non-collegiate). For more information log onto www.the-bac.org.
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Continuing Professional Education (CPE) and Continuing Professional Development (CPD) Credits
The Oxford Princeton Programme is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at +1 609-520-9099. The Oxford Princeton Programme has entered into an agreement with the Texas State Board of Public Accountancy (TSBPA) to meet the requirements of continuing professional education rules covering maintenance of attendance records, retention of program outlines, qualifications of instructors, program content, physical facilities, and length of class hours. This agreement does not constitute an endorsement by the board as to the quality of the program or its contribution to the professional competence of the licensee. Complaints regarding registered sponsors may be addressed to the TSBPA, Enforcement Division, 333 Guadalupe, Tower III, Suite 900, Austin, TX 78701-3900. Web site: www.tsbpa.state.tx.us For more information regarding administrative policies such as complaint and refund, please contact our offices at +1 609-520-9099. Continuing Professional Development (CPD) credits All instructor-led courses at The Oxford Princeton Programme are CPD certified. CPD - Continuing Personal or Professional Development - is the term that describes a commitment to structured skills enhancement and personal or professional competence. The CPD Certification Service helps organisations provide certified CPD and acts as a point of contact for those seeking to obtain certified CPD material. It supports further learning initiatives being undertaken by Government, professional institutions, trade associations, individual organisations, training providers, suppliers and so on. For more information log onto http://www.cpduk.co.uk As specified by The Law Society of England and Wales, at least 25% of CPD requirements must be acquired through accredited courses. Authorized by The Law Society of England and Wales, 32.5 CPD credits are awarded for The Oxford Princeton Programmes International Oil Supply, Transportation, Refining and Trading (SP1). Other Institutes and Associations Other worldwide institutes and associations (accountancy, law, legal, etc) do not accredit courses or providers, but rely on members to assign their credits based on the numbers of hours spent involved in CPE activities. If a member feels a course qualifies for CPE credits, members should consult their own institute or association for details of their guidelines.
2011-2012 The Oxford Princeton Programme, Inc. The Oxford Princeton Programme, Inc. is not affiliated with Princeton University, Oxford University or Oxford University Press.
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Analyzing Energy Companies Energy Project Finance Energy Sector Capital Investment: Project Management Orientation
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E! NEWCOURS
This workshop introduces participants to the basics of analyzing oil and gas companies from operational and financial perspectives. The course addresses independent (IOC) and national (NOC) oil companies including analysis of upstream, downstream, and refining operations. The course will teach how to analyze integrated oil majors and juniors from a financial perspective and also identify key components of the competitive, corporate governance, and regulatory landscapes for both IOCs and NOCs
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Energy Project Finance - A Practical NEW Approach for Non-Finance Managers (APF)
Please contact us for dates and fees.
COURSE!
Whether it is a refinery, pipeline or wind farm, the project approach and structure is consistent as is the process to bringing any such venture to fruition. This course is designed to introduce participants to the process and the institutions necessarily involved in successfully securing project partners and funding specific to the energy sector. Participants will learn how to showcase and educate interested constituents about oil, gas, power, biodiesel, and renewables sector projects. The course will teach how to identify key industry constituents and make compelling cases to potential participants. The workshop will show how to transform financial and highly-technical information into convincing proposals appropriate for a variety of internal and external audiences. Participants will learn how to pull it all together in an effective information memorandum.
Fees do not include VAT, GST or any other required local taxes where applicable.
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OURSE!
This course provides an introductory level overview of Project Management for capital projects in the energy sector. The 2-day session is highly workshop oriented where attendees will actually practice applying some of the industry proven Project Management Best Practices to actual energy projects. Attendees will be put into workshop teams where they will be asked to define a project that will be taken through its early inception to project completion. Aspects addressed in the course begin with defining the business need for the opportunity. This is defined in a Project Charter which is then assessed to define the best technical and execution solution to meet the need. Once this is defined the session will address the importance of defining a clear and concise scope of work which is then correlated into a project plan, schedule and cost estimate. The session will conclude with aspects such as cost and schedule monitoring, change management and handover to the end user for acceptance.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fundamentals of is a great Futures to exchange This highly interactive workshopEnergy introduction(FOEF) traded futures contracts. Delegates will leave with an in-depth knowledge of futures contracts and markets - specifically those related to energy. This introductory one-day course includes a trading simulation and a comprehensive review at the end.
What You Will Learn
The development and characteristics of futures contracts Where and how energy futures contracts are traded Delivery of futures contracts Long vs. short positions How to mark-to-market (realized vs. unrealized profits and losses) Players in the futures markets (hedgers, speculators and locals) Intermonth, intercommodity and intermarket spreads Measuring the market with volume and open interest The importance of liquidity The roles of the clearinghouse The use and purpose of initial and variation margins Other delivery options: ADPs and EFPs The problems of basis risk Types of orders: stop, limit, and market
Course is lively
Fees do not include VAT, GST or any other required local taxes where applicable.
It was great!
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Thank You Fees do not include VAT, GST or any other required local taxes where applicable.
has
the instructor was very knowledgeable and relevant examples as well as historical perspective to lend to discussions.
D.Z., Proliance Energy
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experience provided excellent insights into the course concepts. One of the best instructors I have had in
the 25+ years of corporate trading.
P.C., ConocoPhillips
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Really
Fees do not include VAT, GST or any other required local taxes where applicable.
R.M., Saskpower
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A
Fees do not include VAT, GST or any other required local taxes where applicable.
very good course well taught & trading simulations T.W., Glencore Ltd. were very helpful.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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North American Gas and Power Trading and Risk Management (NAGP)
13-15 Feb Calgary 16-18 Oct Houston Course Fee: North America $3915 The principal aim of this course is to expose delegates to a comprehensive training on power and gas trading and risk management in an applied context. The course will enable participants to gain a practical working knowledge of gas and power market structure, main players and common traded instruments. Delegates will gain a practical understanding of the various dimensions of risk in gas and power markets and the various tools to manage and transfer those risks. We will present new approaches to hedge energy exposures with derivatives as well as useful techniques to unbundle gas and power structures in long term contracts and physical assets. Particular emphasis is placed on the use of derivatives as well as physical assets and contracts to manage price, credit, volumetric, and operations risk. This course is highly interactive, and we encourage delegate participation and group discussions. Numerous case studies are presented throughout the course, with particular emphasis on the interpretation and use of trading and risk management concepts introduced in real-life examples. Delegates will make presentations to the group and conduct numerous individual and group exercises. The trading game will provide an opportunity for delegates to use the main hedging instruments as well as take advantage of market views as a response to changes in gas and power market conditions. Delegates will execute their own trading strategy and will calculate and monitor their own P/L, adjust their hedge book, as well as keep positions within limits such as volumetric, stop losses, VaR and Stress tests.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
I feel I have a much greater understanding of technical analysis, and how to use the tools involved in it, after taking this hands-on interactive course.
D.H., BP
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R.D., Agrium
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E! NEWCOURS
Compliance, Ethics and the Role of the Middle Office (FTBOII)
25 Apr Calgary 23 Oct Houston Course Fee: $1135 This course is a follow-on to Front to Back Office I: Trading Controls and Best Practices offering more in-depth coverage of systems requirements, credit risk management best practices, risk and performance measurement, and a strong focus on capital adequacy issues. New subject areas covered include recent developments in regulatory and legal compliance, and ethics. Delegates will analyze case studies to explore examples of control inadequacies leading to liquidity crises, market manipulation and misuse of leverage.
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Fees do not include VAT, GST or any other required local taxes where applicable.
Excellent program - very insightful and thought-provoking. Instructor took a dry/complex subject and made it very interesting.
B.E., Sempra
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Overview of energy physical and financial markets Spot prices and forward curves in energy markets Using energy futures, forwards, swaps Using energy options: hedging and speculation Strategic and tactical issues around hedging with energy derivatives Exotic options Options on multiple assets Strategies with options
Work toward The Oxford Princeton Programmes Certificate in Derivatives Pricing, Hedging and Risk Management. See page 9 for further details.
Fees do not include VAT, GST or any other required local taxes where applicable.
This was an excellent course that helped me to understand a lot of the questions I had about derivatives and the energy industry.
W.W., Mentat Solutions
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Review of Energy Price Behavior, Probability and Statistics Energy Derivatives Structures Mark-to-Market vs. Mark-to-Model: Introduction to Derivatives Pricing Models: - Conceptual Interpretation - Uses - Pros and Cons Analysis of Derivative Strategies Energy Price Behaviour: Overview of spot price models Market Risk Management for Energy Trading Basis Risk and Derivatives in Energy Markets Stress Testing and Backtesting for Energy and Commodity Firms
Fees do not include VAT, GST or any other required local taxes where applicable.
Work toward The Oxford Princeton Programmes Certificate in Derivatives Pricing, Hedging and Risk Management. See page 9 for further details.
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Energy price behaviour: overview of forward curve models Advanced hedging Advanced derivatives pricing Advanced market risk management for energy trading Dynamic simulation of risk Counterparty risk management Valuation and hedging of physical assets and long term contracts as real options
Work toward The Oxford Princeton Programmes Certificate in Derivatives Pricing, Hedging and Risk Management. See page 9 for further details.
Fees do not include VAT, GST or any other required local taxes where applicable.
Great course which did a good job of explaining advanced and complex topics into easy to understand terms. Would recommend Oxford Princeton to colleagues.
M.B., Terasen Gas
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E! NEWCOURS
This two-day workshop covers psychological and technical aspects to asset-based trading in oil markets and will explore trading strategies under different market conditions in an asset-based framework. The course will introduce several examples of real options and asset Based/Backed Energy Trading Strategies such as cargo arbitrage, storage and blending. The course will review key lessons from successful traders and a summary of findings from behavioral finance studies applied to trading decisions. We will introduce how to develop a disciplined trading approach incorporating fundamental and technical analysis, with emphasis on the main components of a formal trading plan, how to articulate decision drivers, and determining position sizes and quantify and control risk levels. We will also explore some of the main reasons why traders blow up, with examples from oil markets. We will introduce a real options approach applied to valuation, hedging and optimization of trading decisions in an asset-based context. A simulated trading game over the 2 day workshop will allow delegates to put in practice some of the principles presented in the workshop.
Fees do not include VAT, GST or any other required local taxes where applicable.
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WCOURSE!
The principal aim of this course is to expose delegates, to comprehensive training on power hedging and risk management in an applied context. The course will enable participants to gain a practical working knowledge of power market structure, main players and common traded instruments. Delegates will gain a practical understanding of the various dimensions of risk in power markets and the various tools to manage and transfer those risks. We will present new approaches to hedge energy exposures with derivatives as well as useful techniques to unbundle gas and power structures in long term contracts and physical assets. Particular emphasis is placed on the use of derivatives as well as physical assets and contracts to manage price, credit, volumetric, and operations risk.
Fees do not include VAT, GST or any other required local taxes where applicable.
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In this introductory workshop, delegates will gain an in-depth understanding of how the physical crude oil trading market works. Besides gaining invaluable exposure to terminology, each delegate will experience all the steps in typical domestic and foreign crude oil transactions. Well explore the linkage between new well production, marketing, transportation and storage, as well as refining to physical trading (both speculatively and as a hedge vehicle).
Fees do not include VAT, GST or any other required local taxes where applicable.
The course met all my expectations and will help me in my interactions with the business units my IT organization supports. This is a must course for all IT professionals in the oil and gas industry.
A.M., Tesoro
37
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
38
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
This three-day workshop familiarizes delegates with the key aspects to successful crude oil and petroleum product trading. Topics explored include crude oil quality, product blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms and the mechanics of trading and operations. Delegates will learn trading terminology, as well as get the chance to participate in industry case studies and trading simulations.
The course includes exercises based on actual market scenarios including crude oil selection and valuation, gasoline blending, storage plays and hedging case studies. Delegates are also placed in teams to participate in crude oil and product trading simulations.
Fees do not include VAT, GST or any other required local taxes where applicable.
Just recently entering the industry, I consider myself lucky to have been able to gain knowledge offered by this course early in my career. J.J., Nexen
39
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
40
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Perfect Combination!
S.V., ChevronTexaco
41
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
Thought the course was great, not just for the content learned but also from a networking aspect & gaining an understanding of how other companies work and also meeting people from all areas of the oil industry.
C.C., Chevron
42
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
The Use of Advanced Instruments in International Oil Price Risk Management (TR3)
28 May- 1 Jun Oxford 26-30 Nov Oxford Course Fee: 3710 Fee + Accommodation: 4410 This course addresses the risks associated with oil trading focused on price. Building on material taught in TR1, this course covers the more advanced aspects of price risk management. Case studies will address each technique used in the management of risk. A case study with a continuous theme will also allow each group to manage a portfolio of their own group positions. Delegates will have the opportunity to trade both structured and live markets. It is recommended that delegates should have attended TR1 or have a strong working knowledge of the subjects covered in that course. The course commences with a half-day fast track recap of the key issues covered in TR1 prior to moving into the key issues the identification of risk, the tools available and the mechanisms used to manage it. The theory and mechanics of advanced instruments including futures, forwards, CFDs, swaps, traded and OTC options, and freight risk vehicles are explained. Their use in developing effective trading strategies is discussed and practiced in detail. A final session covers all risks and introduces the concept of VaR. Case studies will address each technique used in the management of risk.
Little plays help you understand concepts/etc - very good fun also.
Fees do not include VAT, GST or any other required local taxes where applicable.
43
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Total Risk Management in the International Oil and Derivatives Market (TRM)
24-28 Sep Oxford Course Fee: 3555 Fee + Accommodation: 4255 This course provides a comprehensive summary of the markets together with the techniques and range of trading instruments that are typically employed. The primary focus is the identification and management of the wide variety of risks that arise from the trading activity. The purpose is to enable delegates to design, critique and implement a control and monitoring regime within their own trading organization; information from which could be utilized to report to senior management. Case studies are used to learn the techniques involved, which will be reinforced in syndicate groups where risk arising from a portfolio of positions is assessed. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Excellent presentations
Fees do not include VAT, GST or any other required local taxes where applicable.
44
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
45
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL)
10-13 Sep London Course Fee: 3090 This course covers areas of dispute that may arise in the performance of international shipping and trading contracts. Using a mixture of current practice supported by legal interpretation and precedent, delegates will learn to avoid many of the pitfalls that may occur. Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil trading contracts to minimize the risk of dispute. An on-going case study will simulate events taking place in an arbitration. See website for full course outline.
Fees do not include VAT, GST or any other required local taxes where applicable.
46
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
International Trading Operations Practice (TROP)
19-21 Nov London Course Fee: 2680 This course provides the detailed practices and techniques involved in successful trading operations in today's international crude and product markets. It has been designed for front, middle and back office personnel who need a detailed insight into trading operation best practice and emphasizes the operational factors which have impact on corporate profitability and risk. It will also appeal to personnel who have recently joined an oil trading group of an oil major, investment bank or commodity trading company. Much of the work will be carried out in syndicate groups where teams will simulate real in-company practice, working with other delegates drawn from a wide background of disciplines in the industry. The course commences with the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of the contract, operation of the contract with chartering and nomination of the tanker, invoicing and presentation of documents, culminating in post contractual settlement of claims arising from the contract operation. Each area is subsequently discussed in detail with further presentations which also include topics such the relevant quality and specifications of actively traded product groups, the logistics of managing pipeline and storage deals and appointment of inspectors The course places emphasis on avoiding operational errors which otherwise could be costly and lead to disputes. The exercises and case studies will strengthen the understanding of the course and its material.
47
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
How to select, value and subsequently trade crude oil How to charter an oil tanker to ship crude oil to the refinery or products to a customer How crude oil is refined into finish products Significance of quality and product specifications to the product trader How to select, value and subsequently trade finished products How to write and review contracts How to review letters of credit and cargo documents How to operate a contract for the sale or purchase of oil from its inception, through delivery to final payment How traders identify and lock in the profits of inter-regional arbitrage through hedging
Fees do not include VAT, GST or any other required local taxes where applicable.
understanding
48
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
This was a
Fees do not include VAT, GST or any other required local taxes where applicable.
are so knowledgeable that it was almost unbelievable that they teach and
49
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2)
25-27 Jun Singapore 5-7 Nov Singapore Course Fee: US$4350 This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with the role of producer, refinery or consumer with an integrated trading position. Much of the work will be carried out in syndicate groups where delegates will learn to develop and manage trading strategies designed to maximize corporate profitability and reduce exposure to losses arising from the price fluctuations. It is recommended that delegates should either have attended Principles of International Oil Trading (TR0) or International Oil Trading and Pricing (TR1) or have a strong working knowledge of the subjects covered in these courses.
Fees do not include VAT, GST or any other required local taxes where applicable.
Great class! Very educational, I highly recommend it to anyone who wants to learn more about the dynamics of oil trading.
R.L., ConocoPhillips
50
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
51
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
52
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
53
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
learned a lot!
M.V., Petronas
54
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)
23-25 Apr Singapore Course Fee: US$4350 Building on the knowledge gained in Tanker Ownership, Chartering and Operations (TD2), this three-day course offers delegates a more in-depth exploration of contracts and pricing issues surrounding the tanker industry. The course focuses on the implementation of tactics and practical strategies for enhancing commercial returns and business performance in tanker transportation - both from charterers and owners perspectives. It looks at how commercial risks may be hedged using freight futures or by entering into period charter agreements. Negotiating techniques and the key elements of contracts of affreightment are examined and discussed. A legal workshop provides a series of case studies designed to highlight some of the more common events impacting on commercial operations. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Fees do not include VAT, GST or any other required local taxes where applicable.
The practical sessions were great to fix all we learned from the presentations. The information exchanged and experiences shared were very helpful.
E.P.B., Nigeria LNG Ltd
55
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
56
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Biofuels/Ethanol
57
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
58
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
This four-day course is designed to introduce participants to renewable energy and its role in the worlds energy complex. Renewable sources of consumed energy are identified and outputs compared to conventional sources. The course continues with examinations of the technologies, applications, current limitations, and future possibilities of renewable energy sources. Participants will gain perspectives and insights into the opportunities and challenges presented by renewable energy sources. To augment lecture materials, each day will include discussion topics generally focused on renewable energy realities in various countries as well as morning and afternoon delegate exercises.
Fees do not include VAT, GST or any other required local taxes where applicable.
59
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
60
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Oil Industry
Supply and Trading Refining Shipping Logistics Retail Marketing LPG Petrochemicals Lubricants Oil Products Aviation Fuel Biofuels Geopolitics
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| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
Introduction to the Downstream Oil Business (DOB)
11-12 Jun Oxford Course Fee: 1960 Fee + Accommodation: 2240 This two day course provides an overview of the downstream oil business. The course will use a range of presentations, case studies, exercises and discussions to enable delegates to understand the main products and the main divisions of the downstream oil business. Please note that this course excludes paper oil trading, risk management and derivatives. No previous experience of downstream oil is required or assumed.
Fees do not include VAT, GST or any other required local taxes where applicable.
62
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
Downstream Sales & Marketing (DSM)
13-15 Jun Oxford Course Fee: 2575 Fee + Accommodation: 2995 This three-day course provides an overview of the sales and marketing of downstream oil products to end user customers (consumers B2C markets and businesses B2B markets). There are real opportunities for oil marketers to grow their businesses and profits. But, in a highly competitive environment, the marketers who succeed will be those who really understand their customers and markets and then act strategically. The course will enable delegates to create a differentiated marketing strategy that is appropriate for their respective businesses. It will provide practical tools and ideas to help implement strategy as well as build profitable business from selling refined oil products (covering the full range of transportation fuels, industrial fuels, lubricants and bitumen). By means of a range of presentations, case studies, exercises and discussions, delegates will consider practical issues and learn how to develop their own marketing strategies and tactics to add value to their organisations. No previous experience of sales and marketing is required or assumed.
Fees do not include VAT, GST or any other required local taxes where applicable.
63
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Upstream Oil and Gas Industry - The Full E&P Picture (EXP1)
Please contact us for dates and fees. This course addresses the technical aspects of exploration, field development and oil, gas and gas liquid production. It also addresses the detailed economic, risk, fiscal and commercial issues from the perspective of a spectrum of potential corporate participants in large and small international upstream oil and gas projects. The course materials will include videos from E&P projects across the world and exercises to reinforce learning.
Fees do not include VAT, GST or any other required local taxes where applicable.
64
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Good course.
Fees do not include VAT, GST or any other required local taxes where applicable.
65
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
66
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
The Changing Geopolitics of Oil and Gas: Identifying and Managing Political Risk (GEOP)
Please contact us for dates and fees. This two-day workshop explores geopolitical context within which oil and gas companies operate and how it affects daily business practices. This will be done, with a view toward understanding particular geographical locales and associated political risks. Regions to be covered include: United States, Africa, Latin America, and Middle East and Asia. Special emphasis will be placed on the rise of resource nationalism, as evidenced by the more than 100 national oil companies that currently exist. Moreover, political risk tools and strategies will be presented so that delegates learn concrete skills that they can use in their work.
Fees do not include VAT, GST or any other required local taxes where applicable.
67
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
68
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
In this introductory workshop, delegates will gain an in-depth understanding of how the physical crude oil trading market works. Besides an invaluable exposure to terminology, each delegate will experience all the steps in typical domestic and foreign crude oil transactions. The linkage between new well production, marketing, transportation, storage, and refining to physical trading (both speculatively and as a hedge vehicle) will be explored.
Fees do not include VAT, GST or any other required local taxes where applicable.
It was a great opportunity to see some of the other aspects of the oil and gas industry that I dont see day to day.
69
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
You dont need an engineering degree to understand the fundamentals of petroleum refining! This exciting programme is designed to introduce non-technical oil industry members to the fascinating field of petroleum refining. Learn how a refinery works and how refinery operations affect global oil and product prices.
Instructor was
70
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
This one-day workshop starts with a focus on specifications, blending and valuation followed by fundamentals of refining planning and optimisation; factors that affect refinery profitability, margin calculations, as well as trends in refining and product demand. Delegates attending this course will have completed as a prerequisite the two-day Fundamentals of Petroleum Refining A Non-Technical Introduction which is scheduled right before this workshop for those who wish to take the two courses back-to-back.
Fees do not include VAT, GST or any other required local taxes where applicable.
71
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
This three-day workshop familiarizes delegates with the key aspects to successful crude oil and petroleum product trading. Topics explored include crude oil quality, product blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms and the mechanics of trading and operations. Delegates will learn trading terminology, as well as get the chance to participate in industry case studies and trading simulations.
The course includes exercises based on actual market scenarios including crude oil selection and valuation, gasoline blending, storage plays and hedging case studies. Delegates are also placed in teams to participate in crude oil and product trading simulations.
necessary to energy.
F.A. ConocoPhillips
72
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG)
8-10 Oct Oxford Course Fee: 2170 Fee + Accommodation: 2590
E! NEWCOURS
This course covers all areas aspects of communication that are likely to be encountered in negotiating international contract in the oil and gas industry. Delegates will learn how to make the right first impression, how to understand the dynamics of a negotiation with people from another culture, how to negotiate successfully in an international arena and how to avoid many of the pitfalls that may occur. Case studies and exercises will provide hands-on experience to enable delegates to improve their effectiveness in inter-cultural situations encountered when negotiating international contracts.
Fees do not include VAT, GST or any other required local taxes where applicable.
73
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
74
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Thought the course was great, not just for the content
Fees do not include VAT, GST or any other required local taxes where applicable.
an
and also meeting people from all areas of the oil industry.
75
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
The Use of Advanced Instruments in International Oil Price Risk Management (TR3)
28 May- 1 Jun Oxford 26-30 Nov Oxford Course Fee: 3710 Fee + Accommodation: 4410 This course addresses the risks associated with oil trading focused on price. Building on material taught in TR1, this course covers the more advanced aspects of price risk management. Case studies will address each technique used in the management of risk. A case study with a continuous theme will also allow each group to manage a portfolio of their own group positions. Delegates will have the opportunity to trade both structured and live markets. It is recommended that delegates should have attended TR1 or have a strong working knowledge of the subjects covered in that course. The course commences with a half-day fast track recap of the key issues covered in TR1 prior to moving into the key issues the identification of risk, the tools available and the mechanisms used to manage it. The theory and mechanics of advanced instruments including futures, forwards, CFDs, swaps, traded and OTC options, and freight risk vehicles are explained. Their use in developing effective trading strategies is discussed and practiced in detail. A final session covers all risks and introduces the concept of VaR. Case studies will address each technique used in the management of risk.
Fees do not include VAT, GST or any other required local taxes where applicable.
76
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Total Risk Management in the International Oil and Derivatives Market (TRM)
24-28 Sep Oxford Course Fee: 3555 Fee + Accommodation: 4255 This course provides a comprehensive summary of the markets together with the techniques and range of trading instruments that are typically employed. The primary focus is the identification and management of the wide variety of risks that arise from trading activity. The purpose is to enable delegates to design, critique and implement a control and monitoring regime within their own trading organization information from which could be utilized to report to senior management. Case studies are used to learn the techniques involved, which will be reinforced in syndicate groups where risk arising from a portfolio of positions is assessed. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
77
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
78
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
79
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL)
10-13 Sep London Course Fee: 3090 This course covers areas of dispute that may arise in the performance of international shipping and trading contracts. Using a mixture of current practice supported by legal interpretation and precedent, delegates will learn to avoid many of the pitfalls that may occur. Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil trading contracts to minimize the risk of dispute. An on-going case study will simulate events taking place in an arbitration. See website for full course outline.
80
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
International Trading Operations Practice (TROP)
19-21 Nov London Course Fee: 2680 This course provides the detailed practices and techniques involved in successful trading operations in today's international crude and product markets. It has been designed for front, middle and back office personnel who need a detailed insight into trading operation best practice and emphasizes the operational factors which have impact on corporate profitability and risk. It will also appeal to personnel who have recently joined an oil trading group of an oil major, investment bank or commodity trading company. Much of the work will be carried out in syndicate groups where teams will simulate real in-company practice, working with other delegates drawn from a wide background of disciplines in the industry. The course commences with the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of the contract, operation of the contract with chartering and nomination of the tanker, invoicing and presentation of documents, culminating in post contractual settlement of claims arising from the contract operation. Each area is subsequently discussed in detail with further presentations which also include topics such the relevant quality and specifications of actively traded product groups, the logistics of managing pipeline and storage deals and appointment of inspectors The course places emphasis on avoiding operational errors which otherwise could be costly and lead to disputes. The exercises and case studies will strengthen the understanding of the course and its material.
81
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
How to select, value and subsequently trade crude oil How to charter an oil tanker to ship crude oil to the refinery or products to a customer How crude oil is refined into finished products Significance of quality and product specifications to the product trader How to select, value and subsequently trade finished products How to write and review contracts How to review letters of credit and cargo documents How to operate a contract for the sale or purchase of oil from its inception through delivery to final payment How traders identify and lock in the profits of inter-regional arbitrage through hedging
Fees do not include VAT, GST or any other required local taxes where applicable.
82
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Very
Fees do not include VAT, GST or any other required local taxes where applicable.
83
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2)
25-27 Jun Singapore 5-7 Nov Singapore Course Fee: US$4350 This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with the role of producer, refinery or consumer with an integrated trading position. Much of the work will be carried out in syndicate groups where delegates will learn to develop and manage trading strategies designed to maximize corporate profitability and reduce exposure to losses arising from the price fluctuations. It is recommended that delegates should either have attended Principles of International Oil Trading (TR0) or International Oil Trading and Pricing (TR1) or have a strong working knowledge of the subjects covered in these courses.
Top quality class Fees do not include VAT, GST or any other required local taxes where applicable.
ambitious.
M.S., Chevron
84
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
85
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
This two-day workshop covers psychological and technical aspects to asset-based trading in oil markets and will explore trading strategies under different market conditions in an asset-based framework. The course will introduce several examples of real options and asset Based/Backed Energy Trading Strategies such as cargo arbitrage, storage and blending. The course will review key lessons from successful traders and a summary of findings from behavioral finance studies applied to trading decisions. We will introduce how to develop a disciplined trading approach incorporating fundamental and technical analysis, with emphasis on the main components of a formal trading plan, how to articulate decision drivers, and determining position sizes and quantify and control risk levels. We will also explore some of the main reasons why traders blow up, with examples from oil markets. We will introduce a real options approach applied to valuation, hedging and optimization of trading decisions in an asset-based context. A simulated trading game over the 2 day workshop will allow delegates to put in practice some of the principles presented in the workshop.
Fees do not include VAT, GST or any other required local taxes where applicable.
86
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
87
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
International LPG Trading and Pricing - Supply, Shipping Contracts and Risk Management (LP2)
29 Oct- 1 Nov Oxford Course Fee: 2575 Fee + Accommodation: 3135 This course provides a thorough understanding of the international supply and economic factors affecting LPG marketing and trading. The course will analyze workshop style, the international production and consumption outlook, pricing fundamentals, logistical needs and the available tools for price risk management. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Fees do not include VAT, GST or any other required local taxes where applicable.
88
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
LPG Trading and Pricing - Shipping, Contracts and Price Risk Management (LP0)
9-11 Jul Singapore Course Fee: US$4350 The course is designed to provide a firm understanding of the international LPG business - influencing factors, how it is conducted and how risks are managed. The course will examine the effect of new supply sources and pricing structures on international trade, emerging downstream markets and on the uses of LPG. The course will analyze workshop style business planning, trading methods in LPG in conjunction with contractual practices, pricing, shipping techniques and chartering. Additionally, the course will examine the fundamentals of LPG in terms of its production, properties and specifications. There are no pre-requisites for this course, nor is any advanced preparation required. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Fees do not include VAT, GST or any other required local taxes where applicable.
89
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
90
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
This course has been an eye opener for me on retail trends around the globe. It has also equipped me with important information/knowledge on retail.
F.M., Gulf Energy
91
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
The instructor was very good & resourceful. The course is a plus for every Retail Manager worthy of his/her self and planning to re-evaluate his/her retail department. J.W., Gulf Energy
92
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
93
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
Fees do not include VAT, GST or any other required local taxes where applicable.
94
| UK +44 (0) 1865 250521 USA +1 609 520 9099 SINGAPORE +65 6837 8030 www.oxfordprinceton.com
E! NEWCOURS
This four-day course is designed to introduce participants to renewable energy and its role in the worlds energy complex. Renewable sources of consumed energy are identified and outputs compared to conventional sources. The course continues with examinations of the technologies, applications, current limitations, and future possibilities of renewable energy sources. Participants will gain perspectives and insights into the opportunities and challenges presented by renewable energy sources. To augment lecture materials, each day will include discussion topics generally focused on renewable energy realities in various countries as well as morning and afternoon delegate exercises.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Please note: Advanced Gasoline and Diesel Fuel Technology is the natural follow-up to the Gasoline and Diesel Fuel Technology (GDT1) course, which introduces the fundamentals of gasoline and diesel fuel technology. This course looks in greater depth at the issues outlined above.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Technical and Operational Aspects NEWCOU Involved in the Handling of Aviation Fuel (AF1)
Please contact us for dates and fees.
RSE!
The quality control and safety measures which are employed during the transfer of fuel from the point of manufacture to the aircraft are reviewed by considering specifications, additives, recent developments in laboratory methods sources of contamination, quality control, equipment and procedures. The principle of the operation of the jet engine, its environmental impact and how this is being managed is explained as well as the factors which influence the demand and availability of jet fuel. Real life quality issues are used throughout to highlight the importance of delivering fit for purpose fuel to the engine. This course is delivered by a mixture of lectures, case studies, videos and discussion.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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learned a lot!
M.V., Petronas
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Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)
23-25 Apr Singapore Course Fee: US$4350 Building on the knowledge gained in Tanker Ownership, Chartering and Operations (TD2), this three-day course offers delegates a more in-depth exploration of contracts and pricing issues surrounding the tanker industry. The course focuses on the implementation of tactics and practical strategies for enhancing commercial returns and business performance in tanker transportation - both from charterers and owners perspectives. It looks at how commercial risks may be hedged using freight futures or by entering into period charter agreements. Negotiating techniques and the key elements of contracts of affreightment are examined and discussed. A legal workshop provides a series of case studies designed to highlight some of the more common events impacting on commercial operations. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Fees do not include VAT, GST or any other required local taxes where applicable.
The practical sessions were great to fix all we learned from the presentations. The information exchanged and experiences shared were very helpful.
E.P.B., Nigeria LNG Ltd
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Good course
Fees do not include VAT, GST or any other required local taxes where applicable.
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The Tanker Market - Managing the Downturn, Anticipating the Upturn (TDS)
Please contact us for dates and fees. It would be all too easy to write off the current downturn in the tanker or shipping markets as a repeat of past cycles in the sector. However, just as the sleek machines of Olympic Velodromes bear little resemblance to the gearless boneshakers of the past, todays markets comprise different components as well. Experience is therefore key, combined with modern, practical approaches to achieve commercial, financial and operational solutions. This one day seminar brings together a range of expert speakers from the worlds of finance, maritime law, ship management and commercial to examine contracts, cost management, loan availability, commercial organization and project work outs. It is designed to ensure maximum interaction between presenters and delegates with both break out panel discussions and dialogue during individual sessions.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Residual and Bunker Fuel Oil: Understanding the Supply Chain, Price Drivers and Technical Aspects (MFM1)
Please contact us for dates and fees. This course is designed to provide delegates with a comprehensive understanding of the production and the drivers of price and quality of fuel oil. Using this knowledge, the course then investigates the day-to-day aspects of the fuel and bunker markets and describes the supply chain and factors that influence it. In addition the course examines concerns of participants in the structural changes and the economic effects of such changes. Candidates will gain an understanding of why fuel prices and quality vary, and the effects of such volatility and how it can be mitigated. On completion of the course all participants will have a thorough understanding of the day-to-day mechanics of the fuel market and in addition an understanding of the factors influencing the global market.
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Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0)
16-18 Apr Oxford 11-13 Jul Singapore Course Fee: Europe 2270 Fee + Accommodation: Europe 2690 Asia US$4350 The organic chemical industry centers on the relationships between raw materials, intermediates, end products and applications. Basic to these relationships are chemical reactions, and fundamental to the total business is economics. To be able to work successfully within this complex industry requires a combination of practical experience with an understanding of chemistry, markets and economics. The course offers an organized overview of the industry that is essential for the successful operations within it. There are no pre-requisites for this course, nor is any advanced preparation required.
A
Fees do not include VAT, GST or any other required local taxes where applicable.
great professor who really enjoys teaching and sharing all of his experience to introduce
new comers like myself to the industry.
E.O BASF
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Petrochemical Markets and Economics The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH1)
22-26 Oct Oxford Course Fee: 3250 Fee + Accommodation: 3950 This five-day course is an introduction to the petrochemical industry. It covers the main product families, how they are linked, key aspects of processes and their underlying economics that feed the markets and drive the industry. The unifying theme of the course is competitiveness - the feedstock relationships, cost structures, profitability and pricing. This extends to international trade and selected environmental issues. There are case studies to enable attendees to explore the application of the material. This course is not aimed at existing experts. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Excellent course,
Fees do not include VAT, GST or any other required local taxes where applicable.
well presented.
J.M. Sasol Polymers
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Petrochemical Markets and Economics The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH1O)
Please contact us for dates and fees. This three-day course provides a fundamental understanding of petrochemical economics and the feedstock/price inter-relationships affecting market competitiveness. It will analyze the fundamentals of competitiveness in producing base chemicals and how these will affect business decisions, process and feedstock selection. Participants will analyze production and supply costs which will highlight the price determining mechanisms and opportunities for profits in the industry. The course is not aimed at existing experts but instead, serves as an introduction to more specialized courses. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
Fees do not include VAT, GST or any other required local taxes where applicable.
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E! NEWCOURS
Overview of Petrochemical Processes, Catalysts and Markets (PPCM)
18-20 Sep Singapore 10-12 Oct Oxford Course Fee: Europe 2170 Fee + Accommodation: Europe 2590 Asia US$4350 This course begins with an overview and will progress to a detailed examination of the key elements involved in petrochemical production and catalysis. Aspects of safety, enviornmental impact and future industry direction and developments will also be explored.
Fees do not include VAT, GST or any other required local taxes where applicable.
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The sources of aromatics The technology of aromatics - Process descriptions and flow schemes; pyrolysis gasoline extraction, reforming and reformate extraction, hydrodealkylation and toluene disproportionation - Benzene from coal - Isomerization and separation of para- and ortho-xylene - Ethylbenzene by distillation from xylenes - Cyclohexane by hydrogenation of benzene The principle outlets and growth trends for aromatics The factors affecting aromatics supply and demand The relationship between aromatics and the gasoline pool How to value aromatics in relation to gasoline - Interaction of aromatics streams with refining - The petrochemical and refinery models for aromatics valuation - Octane value - The relationship of aromatics to gasoline pool values - Cost and market-based octane values Price determining mechanisms for aromatics The trends in current and developing technology - The US Clean Air Act and the impact on aromatics values - Aromax and other routes by light naphtha reforming
Fees do not include VAT, GST or any other required local taxes where applicable.
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Understanding the Global Lubricants Business Regional Markets, Economic Issues and Profitability (LB1)
29 Oct- 2 Nov Oxford Course Fee: 2680 Fee + Accommodation: 3380 This flagship course for The Oxford Princeton Programmes Lubricants subject stream provides an overview of the worldwide lubricants business, its structure, participants, dynamics, economics and markets. It gives newly appointed managers the industry perspectives required to make strategic business decisions. The course will present and discuss the key issues facing the lubricants industry, on both a global and regional basis.
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Fees do not include VAT, GST or any other required local taxes where applicable.
The course offers enormous information on base oil and lubricants industry.
M.A., Emarat
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Natural Gas Value Chain - Physical properties of natural gas - Natural gas processing - Fundamentals of gas transportation: pipeline and LNG - Balancing supply and demand and use of gas storage - Consumption statistics and trends including demand drivers - Gas flows and trade movements - LNG developments: construction of new LNG terminals, growing LNG tanker fleet; outlook for global LNG market - Structure of the gas industry and market participants - European gas liberalization process and progress to date in key world markets. - Gas trading: major trading patterns and hubs, trading instruments and price drivers
Electricity Value Chain - Power market terminology - Fundamentals of electricity generation: production types and trends, including effect of environmental targets and regulations - Transmission issues and trade movements - Balancing supply and demand: load forecasts - Power trading characteristics - Structure of the power industry and market participants - European power market liberalization process - Power trading: trading patterns, power exchanges and balancing markets, trading instruments, and price drivers - Linkages between gas and power markets - Emissions trading
The course is highly interactive and delegates will get the chance to participate in exercises, case studies and physical trading simulations.
Fees do not include VAT, GST or any other required local taxes where applicable.
Course Icon Guide see page 6
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Upstream North America Europe LNG Trading Emissions Contracts Pipelines Sales and Marketing Geopolitics
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Upstream Oil and Gas Industry The Full E&P Picture (EXP1)
Please contact us for dates and fees. This course addresses the technical aspects of exploration, field development and oil, gas and gas liquid production. It also addresses the detailed economic, risk, fiscal and commercial issues from the perspective of a spectrum of potential corporate participants in large and small international upstream oil and gas projects. The course materials will include videos from E&P projects across the world and exercises to reinforce learning.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Some topics covered in this workshop are specific to either the American or Canadian market and will be adjusted as necessary.
A must course
Fees do not include VAT, GST or any other required local taxes where applicable.
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North American Gas and Power Trading and Risk Management (NAGP)
13-15 Feb Calgary 16-18 Oct Houston Course Fee: North America $3915 The principal aim of this course is to expose delegates to a comprehensive training on power and gas trading and risk management in an applied context. The course will enable participants to gain a practical working knowledge of gas and power market structure, main players and common traded instruments. Delegates will gain a practical understanding of the various dimensions of risk in gas and power markets and the various tools to manage and transfer those risks. We will present new approaches to hedge energy exposures with derivatives as well as useful techniques to unbundle gas and power structures in long term contracts and physical assets. Particular emphasis is placed on the use of derivatives as well as physical assets and contracts to manage price, credit, volumetric, and operations risk. This course is highly interactive, and we encourage delegate participation and group discussions. Numerous case studies are presented throughout the course, with particular emphasis on the interpretation and use of trading and risk management concepts introduced in real-life examples. Delegates will make presentations to the group and conduct numerous individual and group exercises. The trading game will provide an opportunity for delegates to use the main hedging instruments as well as take advantage of market views as a response to changes in gas and power market conditions. Delegates will execute their own trading strategy and will calculate and monitor their own P/L, adjust their hedge book, as well as keep positions within limits such as volumetric, stop losses, VaR and Stress tests.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
skilled.
S.R., GME
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Teacher is very
Fees do not include VAT, GST or any other required local taxes where applicable.
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Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG)
8-10 Oct Oxford Course Fee: 2170 Fee + Accommodation: 2590
E! NEWCOURS
This course covers all areas aspects of communication that are likely to be encountered in negotiating international contract in the oil and gas industry. Delegates will learn how to make the right first impression, how to understand the dynamics of a negotiation with people from another culture, how to negotiate successfully in an international arena and how to avoid many of the pitfalls that may occur. Case studies and exercises will provide hands-on experience to enable delegates to improve their effectiveness in inter-cultural situations encountered when negotiating international contracts.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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LNG Shipping: The Centre of Global Gas Supplies Harmonising the Upstream, Downstream and Mid Stream (TDLNG)
10-12 Oct Singapore 27-29 Nov Oxford Course Fee: Europe 2270 Fee + Accommodation: Europe 2690 Asia US$4350 This intensive three-day course is designed to take participants through all of the commercial, technical, operating, legislative and legal issues affecting the shipment of LNG from export to import terminal. This is accomplished through a combination of presentations, exercises and case studies under the direction of a team of expert speakers with practical experience of the LNG industry and shipping. The aim is to give participants the ability to assess opportunities and manage operational and commercial risks in LNG shipping. Please note: a laptop and up-to-date version of Microsoft Office would be an advantage in order to engage in market data, however is not essential.
LNG Shipping Contracts LNG Charter Parties LNG Supply Chains, Ownership and Pricing Arrangements - Managing Risk and Optimising Value LNG Marine Terminal Operations
- Terminal site selection, design, safety considerations - Terminal storage and load/discharge schedule simple exercise - Port authority support and controls - Ship and shore compatibility - Terminal and shipboard operations - Unusual operations cool down/warm up and inerting - Ship to ship transfers - Reliquefaction ships
Fees do not include VAT, GST or any other required local taxes where applicable.
Delegates encouraged to attend include commercial and financial specialists, operators, planners and analysts working in shipping companies. In addition, sales, marketing and commercial personnel from LNG producers, suppliers and importers. For example, national producer companies, international oil and gas companies, utilities and industrial gas consumers are urged to attend. Port authorities and terminal operators, individuals and companies new to the LNG sector, bankers and lawyers advising on LNG and LNG shipping, terminal and supply projects, and regulators and government organizations having an interest in the LNG sector will find the course valuable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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The Gas Chain Concept - Industry Structure, Economics, and Pricing (NG3)
3-7 Sep Oxford Course Fee: 3195 Fee + Accommodation: 3895 This highly popular five-day course provides a comprehensive introduction to the concept of the "gas chain," a thorough understanding of which is essential for anyone associated with the natural gas business. The result is an understanding of the interdependence of each phase of the gas business and the implications of this for the commercial organisation, finance, operation and structure to commercialise gas reserves.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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The Changing Geopolitics of Oil and Gas: Identifying and Managing Political Risk (GEOP)
Please contact us for dates and fees. This two-day workshop explores geopolitical context within which oil and gas companies operate and how it affects daily business practices. This will be done, with a view toward understanding particular geographical locales and associated political risks. Regions to be covered include: United States, Africa, Latin America, and Middle East and Asia. Special emphasis will be placed on the rise of resource nationalism, as evidenced by the more than 100 national oil companies that currently exist. Moreover, political risk tools and strategies will be presented so that delegates learn concrete skills that they can use in their work.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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this course
several years ago.
D.V.D.B, Direct Energy
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Natural Gas Value Chain - Physical properties of natural gas - Natural gas processing - Fundamentals of gas transportation: pipeline and LNG - Balancing supply and demand and use of gas storage - Consumption statistics and trends including demand drivers - Gas flows and trade movements - LNG developments: construction of new LNG terminals, growing LNG tanker fleet; outlook for global LNG market - Structure of the gas industry and market participants - European gas liberalization process and progress to date in key world markets. - Gas trading: major trading patterns and hubs, trading instruments and price drivers
Electricity Value Chain - Power market terminology - Fundamentals of electricity generation: production types and trends, including effect of environmental targets and regulations - Transmission issues and trade movements - Balancing supply and demand: load forecasts - Power trading characteristics - Structure of the power industry and market participants - European power market liberalization process - Power trading: trading patterns, power exchanges and balancing markets, trading instruments, and price drivers - Linkages between gas and power markets - Emissions trading
The course is highly interactive and delegates will get the chance to participate in exercises, case studies and physical trading simulations.
Fees do not include VAT, GST or any other required local taxes where applicable.
Course Icon Guide see page 6
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E! NEWCOURS
Overview of European Electric Power Markets (EEP)
29 Nov London Course Fee: 805 This introductory course gives an overview of the electric power industry and power trading markets in Europe. Those who attend will learn the basics of how electricity is generated and transmitted, and the fundamentals of electricity supply and demand in Europe. The course also addresses the trading of electricity in liberalized markets and the design of electricity markets, including exchange-based and over-the-counter trading and balancing mechanisms. Specific aspects of key markets, including the French, German, Nordic and UK markets are covered.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Some topics covered in this workshop are specific to either the American or Canadian market and will be adjusted as necessary.
Fees do not include VAT, GST or any other required local taxes where applicable.
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Fees do not include VAT, GST or any other required local taxes where applicable.
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Web-Based Training
Trading, Derivatives, Hedging and Risk Management The Oil Industry The Natural Gas Industry The Power Industry More Energy Resources Renewables, Biofuels and Ethanol Courses in Foreign Languages
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Web-Based Training
TRADING, DERIVATIVES, HEDGING AND RISK MANAGEMENT
Introduction to Commodity Derivatives (ICD) In this introductory-level course, you will be exposed to the world of commodity derivatives. Along the way, you will learn about the different types of derivatives and how to identify each type. The course will cover futures, options on futures, swaps, over-the-counter options, and forwards. There are no prerequisites for the course, and no advance preparation is required. Back to the Futures (BTF) Take an adventurous trip through time as you learn the basics of the futures markets. Your time traveling host will accompany you back to the 1800s and forward to 2060 to show you how futures contracts and futures exchanges evolve, to help you identify the key participants and to introduce you to market terminology. Delegates taking this course should already have successfully completed PrincetonLive.com's A Guided Tour of Commodity Derivatives, or have equivalent knowledge. Understanding Commodity Risk (UCR) Experience and learn about the types of risk, terminology and basic concepts of risk analysis, and more advanced ideas that are specific to commodity risk. You will be introduced to the basic concepts and terminology needed to understand commodity risk. There are no pre-requisites for this course and no prior knowledge to the subject is required. Discovering Hedging (DH) Enter the exciting world of hedging. Please discover the different kinds of hedges in some pretty interesting areas of business. This basic course will introduce you to hedging types, applications and answers that old question: why hedge? Delegates taking this course should already have successfully completed PrincetonLive.com's Understanding Commodity Risk, or have equivalent knowledge. Discovering Options (DO) This course provides a good foundation for those wanting to learn about options and how they behave. You will find out what it means to be long options and short options and what kind of market position could result from buying and selling both calls and puts. Delegates taking this course should already have successfully completed PrincetonLive.com's A Guided Tour of Commodity Derivatives, or have equivalent knowledge. Understanding the Value-At-Risk Concept (UVAR) Value-At-Risk can be an important tool for measuring risk, but it's often misunderstood. Because of the complexity of value-at-risk calculations, it's easy to become bewildered. In this intermediate level course, users will tackle this complicated subject and have it explained in simple terms. Delegates taking this course should already have successfully completed PrincetonLive.com's Understanding Commodity Risk, or have equivalent knowledge. Using Weather Derivatives (UWD) In today's volatile markets, controlling risk is basic to success. For some companies, a deviation from normal weather conditions can turn anticipated profits into losses. Weather derivatives are a relatively new risk management tool used to protect against the financial impact of extreme weather conditions. In this intermediate level course, veteran weather reporter Gale Winds, from TV station WARM, introduces you to the world of weather derivatives. You will learn the impact of weather on business, what weather derivatives
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Web-Based Training
are and how they are used, how to quantify and qualify weather risk, how to structure a weather derivative and practical applications of weather derivatives. Knowledge of futures, options and OTC instruments is recommended before taking this course. Delegates taking this course should already have successfully completed PrincetonLive.com's Hedging with Futures and Options, or have equivalent knowledge. Tracking Correlation Risk (TCR) Ready to move up to a more advanced hedging experience? In this intermediate level course, meet Portia Bentley, champion race car driver and expert at negotiating tricky twists and turns on the track and in the portfolio. Join Portia at the track and learn what correlation risk and basis risk are and how they affect hedging. Delegates taking this course should already have successfully completed PrincetonLive.com's Discovering Hedging, or have equivalent knowledge. Introduction to Credit Risk Management (ICRM) In today's global economy, credit risk management is emerging as an essential component of business and industry success. In the past, this complex factor has often been overlooked and misunderstood and many firms have paid the price for not having credit risk management as a priority item in their business policy. Introduction to Credit Risk Management is a powerful intermediate level training tool to help you understand credit risk and teach you what your company can do to bring credit risk under control. There are no pre-requisites for this course and there is no advanced preparation required for this course. Emission Trading Markets and Regulations (EMTR) This course will provide an introduction to emissions trading as practiced worldwide. Beginning with a description of the economic rationale and business effectiveness of emissions trading, the course will introduce the important types of emissions trading. A brief history of emissions trading programs will follow with emphasis on non-carbon emissions. Then carbon emissions will be introduced with an overview of the global regulations and resulting business implications. Major carbon emissions markets, e.g., the European Unions mission Trading System, will be described. Finally, course takers will be educated in the mechanics of emissions trading with emphasis on trading methods, instruments, and pricing. Hedging Foreign Exchange Exposures (HFX) This intermediate level course introduces you to the risks involved in foreign exchange and the role of hedging in managing risk. Understand who they key players are and their roles, exchange rates and how they are determined, evaluation of risk and the various instruments available to protect one's self when hedging foreign exchange exposures. Delegates taking this course should already have successfully completed PrincetonLive.com's All Aboard the Hedge Express, or have equivalent knowledge. Hedging with Futures and Options (HFO) This intermediate level course provides an overview of hedging using exchange-traded futures and options. It covers key terms and concepts and reviews hedging strategies using futures and options for a range of different participants. You will enjoy practical examples from various commodity markets. Delegates entering this course should already successfully completed PrincetonLive.com's Back to the Futures and Discovering Options, or have a basic knowledge of the workings of the futures and options markets. Introduction to Forwards and Swaps (IFS) You are the new Risk Manager for Lucky Seven Airlines, and today's your first day. Join your new company and learn the basics of how forwards and swaps are the financial
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Web-Based Training
instruments that can help keep Lucky Seven in the air. On your first day on the job, you'll get an in-depth look at how they work and some practical applications. Delegates taking this course should already have successfully completed PrincetonLive.com's A Guided Tour of Commodity Derivatives, or have equivalent knowledge.
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Chemistry in the Petroleum Refinery (CR) Chemistry is the foundation on which the petroleum industry is built. In this intermediatelevel course, you will learn how hydrocarbons found in crude oil are transformed into a range of marketable petroleum products. Learn about the chemistry associated with the major operating units hydrocracker, fluid catalytic cracking unit, coker, alkylation unit, catalytic reformer, isomerization unit, and hydrotreater. Delegates taking this course should already have successfully completed PrincetonLive.coms Petroleum Refining Made Easy, or have equivalent knowledge. Petroleum Refining Made Easy (PR) Come and see how a refinery operates in this introductory course. See how crude oil travels though the refinery and becomes petroleum products like gasoline, kerosene and lubricants. Learn the functions of the various units. There are no pre-requisites for this course and there is no advanced preparation required for this course. A Basic Overview of Petrochemicals (BOP) In this intermediate level course you will be introduced to the building blocks of petrochemicals, the nine key hydrocarbon compounds that form the basis for the petrochemicals industry. We will cover these important hydrocarbons one by one, sharing knowledge of how they're derived, the technology employed to produce them, and some of the many products manufactured using them. Please join us and enjoy this opportunity to learn how petrochemicals have become one of the most important industries in today's world. Delegates taking this course should already have successfully completed Introduction to Petroleum Chemistry, or have equivalent knowledge of refining chemistry. Introduction to the Aviation Fuels Market (IAFM) This course provides an overview of the aviation fuels market, covering quality, supply, demand and trading. Youll learn the basics of producing aviation fuels in the refinery. Well review the different types and quality of jet fuel and aviation gasoline. Well also cover the key factors affecting supply, demand and trade flows. Youll understand how aviation fuels are traded and priced, and how they are distributed to airports. Finally this course will provide an overview of the outlook for the aviation fuels market.
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Overview of the Global LNG Market (GLNG) This course provides an introduction to the fundamentals of the global LNG market. Liquefied Natural Gas (LNG) is becoming an increasing important fuel in the global energy marketplace. Youll learn about recent changes in contract terms, economics and the availability of spot cargoes are transforming the industry from a one-time regional market to a global source of gas supply. Overview of the Natural Gas Industry (ONG) In this basic course, see how natural gas is produced and marketed in the natural gas industry. There are lots of exciting content that takes you from the formation of natural gas through processing and transmission to end-users. See how natural gas is traded in markets around the world. There are no pre-requisites for this course and there is no advanced preparation required for this course. Gas Markets and Deregulation (GMD) Around the world, natural gas deregulation is changing the structure of the natural gas industry. These evolving market structures have brought new opportunities, but also additional risks. In today's world, understanding what natural gas deregulation means, how it's implemented, and the new industry structures are requirements for successful energy trading and hedging. Delegates taking this course should already have successfully completed Overview of the Natural Gas Industry, or have equivalent knowledge of refining chemistry. European Gas: Security of Supply (EGSS) This JUST-IN-TIME course was created in response to the events in January 2009 when Russia curtailed supplies into Ukraine and many parts of Europe. Even as these two nations have come to an agreement to get gas flowing again, their dispute is a long-running one that has been brewing ever since the breakup of the Soviet Union. We are unlikely to see the last of it. What are the underlying dynamics of the dispute and how prepared is Europe and the rest of the world for when this situation makes headlines in the future?
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fundamentals of the market, including the factors driving electricity prices. Youll understand how liberalization has changed the structure of the power market in Europe. Well also cover the different types of power trading instruments, the major markets and exchanges. Finally this course will provide an overview of the outlook for the European power trading market. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to the Power Industry, or have equivalent knowledge. European Power Markets and Infrastructure (EMPI) This course provides an overview of the fundamentals of the European power market, covering market structure, supply, demand and power flows. Youll learn how liberalization is changing the structure of the power industry in Europe. Well review the different fuels used for power generation, and the factors affecting the generation mix in Europe. Well also cover the key factors affecting power demand and future consumption trends. Youll understand how electricity is transmitted across Europe, including key power flows. Finally this course will provide an overview of the outlook for the European power market, including the likely impact of environmental legislation. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to the Power Industry and/or Power Trading in Europe, or have equivalent knowledge.
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Overview of the Renewables Industry (ORI) This course provides an introduction to renewable energy resources that are emerging as major parts of the solution to global warming as well as a way to gain energy independence from the inherent power struggles over the fossil fuels of oil, coal, and natural gas. We will cover each renewable energy resource in a separate lesson. At the end, we will review the major reasons renewables are not readily adopted in the marketplace, and some of the ways government and utility operators are using to increase the pace of adoption.
FOREIGN LANGUAGES
COURSES IN SPANISH Introduccin a la Industria del Petrleo (IOIS) En este curso introductorio, aprenders que es el petrleo y donde se encuentra, como es extrado, y luego como es convertido en productos con los que estamos familiarizados, tal como la gasolina, antes que sea enviado a los centros de distribucin donde se le facilita a los consumidores finales el acceso a dicho producto. Tambin veremos cmo es la estructura organizativa de la Industria. Al completar el curso, tendrs una visin global del petrleo desde su inicio en el subsuelo hasta la estacin de servicio donde nos surtimos de gasolina. No hay pre-requisitos para tomar este curso y tampoco es necesario de conocimiento alguno del tema. Asi mismo, tampoco se requiere una previa preparacin para este curso. COURSES IN JAPANESE (IOIJ) (IOSJ)
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COURSES IN RUSSIAN (IOIR) , . , (, ) , . . , , . - . (IOSR) . , . , . , . *Titles and content are subject to changes. Please check website for updates.
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Gianna Bern is president of Brookshire Advisory and Research, Inc., a registered investment advisory firm focused on oil and gas investment research and energy commodity risk management with clients based in Europe, Latin America, and the United States. Brookshire is the publisher of The Brookshire Energy Weekly Report, a weekly global oil market outlook and The Brookshire Energy Series, energy sector investment research. Gianna is an investment advisor and energy analyst with over 20 years of experience in the energy sector, risk management trading, corporate finance, credit portfolio management, and corporate banking. Gianna is working on her first book with publishers Bloomberg Press (New York) and Wiley Publishing (New Jersey) due in 2011, Investing in Energy: A Primer on the Economics of the Energy Industry. Prior to Brookshire, Gianna was a senior director in Fitch Ratings Latin America Corporate Finance group and was responsible for rating Latin American corporate issuers in the oil and gas and electric utility sector. Before joining Fitch, Gianna was the credit portfolio manager of a leading commercial lease finance company where she managed a $2.5 billion commercial finance lease portfolio. Previously, Gianna was a manager of risk management trading at BP Amoco Plc. Before the merger of Amoco Corporation and BP Plc., Gianna was a senior energy analyst at Amoco Oil where she focused on global oil industry macroeconomics. Gianna began her career in corporate finance at Continental Bank (now Bank of America). Gianna has a BBA from Illinois Institute of Technology and an MBA from The University of Chicago Booth School of Business. Dr. Carlos Blanco, an expert in energy, commodity, and financial risk management as well as modelling, has been faculty member at The Oxford Princeton Programme since 2004, and is the author of over 100 articles on such subjects. He is the founder and managing director of a risk management advisory firm with clients in North America, Europe, Africa and Asia. Carlos is a former VP, Risk Solutions, at Financial Engineering Associates, where he spent six years as a key contributor to the development of the firms energy derivatives valuation and risk management models. He had also provided leading-edge risk advisory and educational services to over 500 energy and commodity trading firms and financial institutions worldwide not to mention managing the firms support and professional services department. Prior to FEA, Carlos worked for a hedge fund in the Midwest and an asset management firm in Madrid, Spain. He is a former regional director of the Professional Risk Managers International Association (PRMIA). Chris Brown has over 20 years' experience in the petroleum industry, both in downstream operating companies and in business consultancy. He has particular expertise in the downstream oil sector economics including market and production analysis, strategic planning and investment analysis. He has run numerous training courses covering refining operations and economics and on the downstream oil industry in general. He has undertaken a wide range of consulting assignments around the world, reporting at clients' executive board and senior management level. These have ranged from high level strategic analysis and corporate planning, industry restructuring, support to privatisation and M&A, asset and operations optimization. He also has substantial experience in petroleum product pricing issues. Chris started his career at Exxons Fawley refinery in England, having gained a BSc in Chemical Engineering at Edinburgh University. Robin A. Burley is principal consultant with Kennet Oil Logistics, a company established in 1990 providing expertise in the international supply, trading and transportation sector. During his 30 years experience in the oil industry he has worked with BP including Marine and Supply Departments, and Gulf Oil including Trading and Transportation, Refining and Marketing functions. Besides the day-to-day management and negotiation of oil supply, trading and transportation deals, he has been involved in a variety of oil logistics projects throughout the world. He has lived in the USA, Europe and the Middle East, and is a contributing author to the Oil Trading Manual (pub. Woodhead 1995). Scott Carter operates his own independent consultancy specializing in oil trading and marine fuel projects in Europe. He has over 25 years experience in oil trading including the management and re-
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sponsibility of risk, supply and trading, refinery optimization and P&L. Mr. Carter was initially employed by P&O Shipping evaluating and executing group bunker purchasing. He moved into cargo trading in 1986 and joined Phibro Inc in 1991 where he became fuel oil desk lead and traded physical and paper fuel oil and feedstocks globally. Mr. Carter later took the position of Managing Director of Tosco Europe and Product Trading Manager and was instrumental in the company move into European trading and asset acquisition. On the purchase of Tosco by Phillips Petroleum and the subsequent merger with Conoco in 2002, Mr. Carter was appointed European Product Trading Manager of ConocoPhillips where he created a supply and trading operation of significant size and activity. Mr. Carter left ConocoPhillips in 2007 to move into consultancy and is studying an MSc in Environmental Management. Adrian Clark is Principal of Clark Strategic Solutions, a consultancy in the energy industry. Prior to setting up this consultancy in 2009, Adrian worked for over 30 years in Oil and Gas with BP. He began his career with BP in London before moving to Australia where, over a ten year period, he held a number of different roles at both of BP's oil refineries. The roles initially technical in nature, had more of a commercial focus as time went on. He was accountable for all planning and scheduling for the Brisbane refinery and progressed to Operations Manager, deputy to the Refinery Manager and accountable for the safe, efficient operation of the whole refinery. He then moved to Singapore, acting as BP's shareholder representative for its joint venture refinery there at a time of significant expansion of the site. Adrian returned to Australia three years later where he was then responsible for the development and implementation of strategy for BP's refining and supply business in Australia and New Zealand. In 2001 Adrian became Head of BP's Supply and Trading team for the region. Concurrently, he was Director on the Board of the New Zealand Refining Co Ltd. In 2004, Adrian returned to Singapore as a key member of the Asian Trading business's leadership team. In his last role he was accountable for development and implementation of the strategy for that business as well as the provision of analytical support for the commodity trading benches. Adrian holds a B.Sc in Chemical Engineering from the University of Edinburgh. Alan Fisher manages a consultancy company based in the UK serving the Catalysis and the Chemical and Petrochemical Industries. Prior to this he was Europe and Middle East Commercial Director for Engelhards Chemical Catalyst Group (now BASF) and managed Europe and the Middle East for CRI. His earlier career was as a process engineer for both Exxon and Monsanto. Alan studied Chemical Engineering at Newcastle University and is a Chartered Engineer with the Institute of Chemical Engineers. Randall Funk has 30 years of extensive risk management and trading experience in the full range of energy products including all NYMEX energy futures and options, OTC ISDA energy derivatives, as well as cash products. He has a proven track record of identifying and managing complex enterprise portfolios across the spectrum of energy products. Specifically he has traded and managed large scale corporate portfolios with crude oil and refined products, natural gas, electricity, coal, emission allowances, uranium and some foreign currencies. He has established new risk management departments, functions, and products in companies such as Coastal Corp., Heartland Energy, Arizona Public Services, and TOSCO/ Phillips and his career includes the front office roles of Vice President, Senior Portfolio Manager, Senior Energy Manager, Senior Risk Manager, Director of Risk Management, Manager of Futures Trading, and Futures Manager. From 1985 to 1989 he managed energy futures/options activity at Coastal Corp. He then moved to Arizona Public Services where he prepared the utility to for the commercial demands of deregulation in the late 1990s and managed through the Western U.S. Energy Crisis of 2000-2001. Mr. Funk has a BA from the University of Minnesota where he also did graduate work in Applied Economics. He has also been on several advisory boards for the NYMEX. Wouter Germans has 16 years of experience in the energy and financial markets including as a business analyst at a New York mutual fund, an options market maker in London, England, a natural
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gas trader, and for the last three years as a risk management consultant. Wouter received his BA in history and economics from UC Berkeley and is currently based in Toronto, Ontario. Dr. David S. Glass is a former director of ChemSystems Ltd (now part of IBM UK Ltd) in London. He directed the Petrochemical Practice and was responsible for studies in the petrochemical and polymer field with particular interests in marketing, competitive analysis, strategic planning and business profitability. He joined ChemSystems in 1982 after spending fifteen years in ICI in the Petrochemical Division, where he held posts in marketing and purchasing. For many years he was Marketing Manager for Olefins, and subsequently became Marketing Manager for Aromatics. Prior to this he was responsible for fuels purchasing for the ICI group. Dan Gordon is President of Aska Energy which serves the ethanol and refined products industries by providing procurement and distribution services to companies operating in that space. He was most recently Executive Director of Supply and Distribution for RaceTrac Petroleum where he was responsible for the purchase, hedging and distribution of over 2 billion gallons of gasoline, ethanol and diesel each year. He also oversaw a variety of activities including: trading (physical and paper), product scheduling, shipping (using pipelines, rail cars, vessels, barges and trucks), inventory positions and thru puts (in excess of 30) as well as all related vendor management and negotiations. He joined ReceTrac in 1999 as a Special Projects Manager for the finance department and ultimately achieved the position of Assistant Treasurer prior to being promoted. Mr. Gordon earned an MBA (Masters in Business Administration) from Georgia Tech. He is also a graduate of the University of Florida, where he received a bachelor of science with a degree in finance. Nigel Harris has over 15 years of experience of working with energy trading organizations to help them in their trading and risk management activities. Nigel was a key member of the team that designed and developed PAWS, Saladin's innovative oil and gas market analysis system, which was launched in 1987 and is still used extensively throughout the industry today. At Saladin, he helped expand the analytical capabilities of PAWS, and then ran all of Saladin's software development and customer support activities. After leaving Saladin in 1999, Nigel worked as an independent consultant for three years prior to forming Kingston Energy Consulting with Mary Jackson in 2002. Dr. Ian Holdaway is an international consultant in the downstream oil industry and Partner / Technical Director of Cambrian Marine Reprocessing, a company specialising in the on-site reprocessing of contaminated petroleum and petrochemical cargoes. After graduating with a PhD in industrial chemistry, Dr Holdaway joined Esso working in Research, Marketing and Corporate Planning before transferring to Refining, where he was responsible for Refinery Operations Planning and subsequently Supply Logistics, where he was responsible for the management of import and exports to Esso's two UK refineries and the transportation of refined product to Esso's mainland marketing terminals. In this role Dr Holdaway was also responsible for product tanker chartering, including, when necessary, outchartering of Esso's five GP product tankers. After 11 years he joined J Aron, the commodity trading division of Goldman Sachs, where, as Trading Operations Director, he was responsible for all aspects of J Aron's International Trading Operations within the European and Far Eastern Offices. Stuart Howell is Principal of the Castle Hampton Management Consultancy, former Head of BP's retail business in the UK and the industry's representative on the Government's Deregulation Task Force. The consultancy was established five years ago following 30 years service with BP which included senior posts in policy development, marketing, sales, network property management, investment and engineering. He currently advises oil companies, retail and city institutions. Roger Hutcheson joined Shell in 1961 as a quality control chemist and went on to work in lubricants marketing until the mid-1970s. Roger then started to specialise in automotive fuels, first for
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Shell UK and then for Shell International Petroleum. In July 1990 he was seconded to CONCAWE as Technical Coordinator, with special responsibility for automotive emissions. In September 1996 he returned to the UK and took early retirement from Shell. He is now Technical Director of his own automotive fuels and environmental consultancy, whose clients include a number of oil and additive companies, plus a major energy consultancy organisation. He has recently been commissioned by the US Society of Automotive Engineers to update the SAE Automotive Fuels Reference book. Mary Jackson has over 15 years of experience in the energy industry. She began her career at BP working in the information management group, then later rose to a trading analyst in the supply and trading department. She subsequently joined Saladin as an energy consultant to provide consultancy advice and training on energy market analysis, trading and risk management to clients throughout the world. In several senior roles at Saladin, she managed the energy consulting team, ran the energy market information service and directed strategy for new software and information product development, including the development of a new internet based trading system. After leaving Saladin, Mary worked as an independent energy market consultant until she formed Kingston Energy Consulting in 2002. She has lectured regularly for The Oxford Princeton Programme on energy markets, trading and risk management and is also a regular speaker and panel member at public conferences. She has written articles for industry publications including Harts Energy Markets, Energy and Power Risk Management, Global Energy Business and Petroleum Review. Mary obtained a bachelor's honours degree from Bristol University and a master's degree from London University. Malcom Johnson has more than 30 years experience at Shell in the natural gas/LNG sector. He was Strategy and Planning Manager in the United Kingdom and Germany during the period of gas liberalization in Europe. Malcolm has been involved in the development of a number of LNG projects including over 13 years on the Sakhalin LNG project from its inception to final investment decision involving the full range of commercial activities including governance, marketing, LNG contract negotiations and technical/ commercial interface management. He has also provided commercial advice on the Elba LNG receiving terminal expansion, floating LNG, LNG contracts and project development assurance. He is a recognised subject matter expert on commercial LNG matters. Malcolm is now a Director of eMJay LNG Limited providing expert advice and consulting services to the natural gas/LNG industries. Richard Johnstone is an independent consultant, providing expertise in all areas of oil supply and trading, in particular in the negotiation and operation of commercial contracts for oil and gas production, processing, transportation and sales. He has had over 30 years' commercial and management experience in major oil industry organizations, where his responsibilities have included sales and marketing, supply and trading, and transportation. Richard is a graduate of Oxford University; before becoming a consultant in 1997, he had worked for BP in London and Milan, the British National Oil Corporation, the Oil and Pipelines Agency (BNOC's successor) and BG Exploration and Production. Larry G. Lawrence President of Enterprise Risk Consulting, LLC, has 25 years of experience in energy risk management and trading. His experience includes financial trading in energy and equity markets, risk management and trading consulting, derivatives portfolio management, technical and options analysis, corporate education, advisory service publishing, and institutional sales. Mr. Lawrence has extensive experience in trading and risk management implementation for energy companies. His experience includes hedge strategy development, tactical trading assistance, the development of trading and risk management policies, procedures, and control structures, the review and assessment of risk management programs, risk and performance measurement, risk assessment, trading and risk system selection and implementation, transaction structuring, real option valuation and modeling, market structuring, development of forward price curves and term structures of volatility, credit risk management, and trading and risk management education. His work includes the evaluation and
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development of risk system functionality to support internal and external compliance with risk policies. He has developed and delivered educational material covering derivative instruments, option valuation, hedging with options, the development of a risk management program, trading controls, value at risk, technical analysis, technical trading, and basis trading. Mr. Lawrence has worked with many public power agencies in the South Central, Northeastern, and Western regions of the U.S., assessing and developing hedging strategies and risk management policies and controls, conducting trader training, and advising on the use of financial hedging instruments. He has assisted industrial energy consumers in assessing their energy-related risks, in developing strategic hedging frameworks, and in implementing supply procurement programs. Mr. Lawrence worked extensively with investor-owned electric utilities during the late 1990s and early 2000s, implementing hedging programs; developing and implementing hedge optimization models, asset valuation models, risk models, and performance measurement models; developing risk management and business strategies for retail providers; implementing credit risk management programs, and training power and fuel traders. Mr. Lawrence holds the BS in Communications from the University of Texas at Austin. He is registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) as a Commodity Trading Advisor (CTA), and with the State of Texas as an Investment Advisor. Charles Lawrie is a founding partner of Richardson Lawrie Associates, an independent firm of international maritime economists and business consultants established in 1987. He is responsible for the firm's consulting and retainer services in the crude oil, petroleum products and gas transportation sectors. He has spent 30 years in the oil and shipping sectors, more than 20 of which have been as project manager or senior consultant on shipping, economics, investment appraisals, feasibility studies, transportation strategies and business studies within Europe, the Americas and the Far East. He is a specialist in the development of: investment appraisals, business plans, strategy reviews; commercial/contractual advice, project implementation; evaluation of the transportation economics of varying routes, ports and cargo handling techniques; commodity trade flow analyses and forecasts; modelling and forecasts of short, medium and long term shipping traffic, shipping demand and shipping supply; and modelling and forecasts of shipping charter rates and vessel costs. Bob Mehall has been a successful executive in the energy business for over thirty years. As Executive Vice President of Diamond Shamrock, Inc., reporting directly to the Chairman/CEO, he was responsible for a variety of strategic corporate functions including refining and marketing coordination, petrochemicals, corporate planning and development, treasury and credit, investor relations and various other ancillary businesses including Mexico retail marketing operations, Bolivian exploration and production, Argentine refining and marketing. He directed the negotiation of major transactions including the acquisition of National Convenience Stores (Stop & Go), as well as the merger of Ultramar, Inc. and Total N.A. that totalled some $7 Billion. He has a B.S. in Chemical Engineering from West Virginia University, an M.S. in Chemical Engineering from Case institute of Technology and an M.B.A. from the Krannert School of Purdue University. Rob Parry is an Executive Account Manager with BASF Catalysts (formerly Engelhard) with experience in technical and commercial catalyst applications and supply to the Petrochemical and Refining Industries for 20 years. Rob has a BSc joint Hons. in Organic Chemistry and Biochemistry from UCW Aberystwyth and is a Chartered Chemist with the Royal Society of Chemistry. Jeffery Plotkin is the Director of Nexant Chem Systems' Process Evaluation/Research Planning (PERP) program. Managing this activity involves working closely with technology developers, including operating companies and engineering contractors. His interests are in all phases of process R&D, with special emphasis on gas-to-chemicals processes, selective oxidations, alkane activation, and biocatalyzed routes to chemicals. His prior work experience with ISP and Exxon Chemicals provided an excellent background for his interests in commodity and specialty chemicals from both a technology and marketing perspective. He holds over 30 U.S. patents and has co-authored 28 peer-re-
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viewed publications. He received his B.S. in chemistry from the State University of New York at Oneonta, a Ph.D. in organometallic chemistry from the University of Pennsylvania, and an M.B.A. from Pace University. He was a Postdoctoral Research Fellow at The Ohio State University. Les Priestley is a director of Springtide Management Consultants Ltd. He carries out international training and consultancy on commercializing and developing gas field discoveries. Before that he was Managing Director of the consultancy and technology transfer companies of Essex University. His 25 years experience with KUFPEC, Total and BP included assignments and projects in many countries around the world. He has held senior management posts in engineering, project management, contract negotiation, market development, project economics and planning. Richard Prince has almost 30 years of experience within the downstream oil industry, covering both marketing and refining businesses. Most recently responsible for marketing planning across the BP group, he has been an independent consultant since 2007. Richard has an MA in chemistry from Oxford University and began his career with BP in refinery process research and development, before gaining plant commissioning & operating experience. He joined Castrol in 1989, then part of Burmah Oil, as a manufacturing and supply chain advisor, before broadening his experience into marketing by managing the central business intelligence team. With subsequent management positions at BurmahCastrol in Strategic Projects and Corporate Development, he was a key contributor to the BurmahCastrol Board's decision to sell the business to BP in 2000. Returning to BP after the sale, Richard was appointed to the integration team set up to plan and manage the merger of the BP and Castrol lubricants businesses. Following a period in the downstream strategy & planning group, he took on a new role with responsibility for all planning activity in the global marketing function and was additionally responsible for developing these capabilities across the BP Group. Jeff Pym is currently affiliated to the US consulting firm, LECG. Until 2003 he was Director General of the Institute of Petroleum, a position he held following departure from BP in 1999. Sixteen years of his management experience were spent in BPs Gas businesses, mostly abroad negotiating contracts as diverse as the Australian North West Shelf LNG Sales and Purchase Agreement and gas sales agreements, corporate mergers and acquisitions. Having successfully negotiated a European downstream gas merger with Mobil, his final BP position was as Managing Director and Associate President for BP Portugal, retaining responsibility for the combined BP/Mobil Iberian gas business. Among other wide-ranging skills and experience during his career he acquired expertise in communications and inter-cultural management. Ravi Ramdas started his career at Shells Singapore office in 1993 where he held several roles in Finance and Trading; his last role managing a scheduling group and liaising with his London counterpart. He then moved to Koch, also in Singapore, where as a trading analyst, he devised trading strategies in the Asian petrochemical markets. In 1999, Ramdas moved to Minneapolis, Minnesota, where he opened the oil trading desk of NRG Energy. He then stepped up to head all fuels trading (natural gas, coal, emissions credits and oil). Soon, thereafter, he assumed the position of East Coast gasoline and diesel trading manager at Premcor Refining in Old Greenwich, Connecticut in 2004. There he successfully oversaw the trading transition of the purchase of the Delaware City refinery before taking on the role of feedstocks trader for the whole Premcor system of refineries. Following the sale of Premcor to Valero, Ramdas joined Oklahoma City-based start-up Musket Corporation in 2006 and traded diesel and other clean products in the Gulf Coast, mid-continent and southwestern United States. Ramdas fulfilled several roles including trading distillate products and gasoline on national pipelines and via rail, blending distillates in the Gulf Coast and developing a rail-based business to rail diluent to Canadian tar sands companies. In 2008 Ramdas formed Peninsula Energy, LLC in Oklahoma City. The company provides various hedging, trading, supply and logistics services to oil consumers and producers. In addition, Peninsula is evaluating a variety of projects including storage cash-and-carry plays. Ramdas obtained his degree in Economics and Agricultural Economics from the University of Nottingham in England.
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Neil Richardson has career experience spanning 40 years in oil, gas and petrochemicals, acquired in oil refining, corporate planning, public administration, consulting and lecturing. Sponsored at university by BP, he went on to spend 24 years working with BP in both operational and strategic planning roles, which included refinery production planning, long-range financial and corporate planning, project and acquisition analysis, competitor analysis and the assessment of company performance and value. Posted by BP to Brussels in 1990, he went on to join the European Commission there in 1993 at the Directorate-General for Energy, working on EU oil and gas strategy and on EU technical assistance programmes to former Soviet bloc countries involving the setting-up and monitoring of projects. In 1996 he became an independent consultant, still based in Brussels but engaged on oil and gas projects in Russia, Eastern Europe, the Middle East and Africa as well as the EU, working primarily as an associate consultant to the consulting arm of Bechtel (latterly named Nexant). This included leading a major study project for the European Commission on the costs to EU refiners of tighter oil product specifications, which won the British Consultant of the Year award in its category in 2000. Mr Richardson returned to live in the UK in 2003 and lectures for The Oxford Princeton Programme on three of their courses. John H. Shepherd based in Houston, Texas, has 30 years of experience in the petroleum industry. John began his career with Cities Service Company (now Citgo Petroleum Corporation). His responsibilities included refined product terminal and pipeline engineering, pipeline and marine terminal management, transport truck fleet management, computer information systems management and crude oil supply and trading. Serving as International Crude Supply Manager and Vice President of Cities Service Trading Company, he negotiated spot, as well as long term contracts for the purchase of waterborne crude oil cargos for the supply and optimization of company refineries. He was also responsible for negotiating long term sales contracts with foreign host governments in order to market the company's foreign equity crude oil production. After 12 years with Cities Service Company, he joined the international crude trading group of Transworld Oil U.S.A. as Vice President, and then served in the same capacity for Koch Supply and Trading Company. With both Transworld and Koch, John managed a staff of professional international crude oil traders, dealing in a wide range of international crude oil grades. This work involved crude oil trading for the supply and optimization of U.S. based refineries, as well as entrepreneurial crude trading for profit involving complex arbitrage trading and hedging strategies. He now serves as President of John H. Shepherd Enterprises, Inc., a privately owned Texas corporation involved in energy consulting and residential real estate appraisal and construction work. John holds a Bachelor of Science Degree in Engineering from North Carolina State University. Richard Sleep is the global director of Nexants ChemSystems Online and Petroleum and Petrochemical Economics (PPE) programmes. (Nexant acquired Chem Systems from IBM in 2001). He has 25 years of experience in the petrochemical industry in production, business management, trading and consulting. Prior to joining ChemSystems in 1994 he had been a trader with Metallgesellschaft Petrochemicals Corp. He spent twelve years with BP Chemicals Ltd in a variety of roles, initially in production as a mechanical engineer working at BP Chemicals' steam crackers at Baglan Bay and Grangemouth and subsequently in commercial roles including five years as Propylene Product Manager. Prior to joining BP Chemicals he worked for ICI as an engineer working on polyethylene and perspex plants. Eva T. Thorne is a founder and principal of Corporate Governance Solutions and is a political risk specialist. She holds an undergraduate degree in history from Harvard University and a doctorate in political science from the Massachusetts Institute of Technology (MIT). Ms. Thorne has expertise in natural resources and emerging markets. Her firm's clients include oil and gas companies, government ministries and mining companies, among others. Eva has designed and carried out workshops for independent, state-owned and international oil companies, done marketing research and analysis on the telecommunications sector of Brazil, and executive coaching at the London Business
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Faculty
School. She has lectured widely on issues of political risk, corporate social responsibility and governance in the United States, Europe, and the Caribbean. Ms. Thorne writes and publishes on political risk in oil, gas, and mining for business journals and has lectured on these topics at industry conferences. She is completing a book on the politics of reform at the World Bank and is working on another book project on indigenous communities, land titling and extractive industries. She has lived and worked all over the developing world and speaks Spanish and Portuguese. Ms. Thorne resides in Boston, MA. Joseph A. Vaszily offers over 35 years of professional experience in the natural gas infrastructure and liquefied natural gas (LNG) energy sectors. Mr. Vaszily began his career as a Construction Field Engineer at Distrigas of New York then as a Gas Consultant at Stone & Management Consultants, Inc. before joining Brooklyn Union Gas where he progressed through several positions of increasing responsibility including Vice President, Gas Energy Inc. (unregulated power development affiliate) and Vice President, Methane Development (unregulated renewable energy affiliate). Thereafter, he became Vice President, Gas Infrastructure Development at KeySpan Energy Development Corp. He has also been an independent Energy Industry Consultant at Gas Asset Solutions, Northeast. He most recently was Director, LNG/natural Gas at Pace Global. Mr. Vaszily has also served as Executive Director by both the American Gas Association and the Natural Gas Supply Association, a national coalition that pursued domestic environmental growth initiatives. Mr. Vaszily holds a Bachelor of Science degree in Mechanical Engineering from the Polytechnic Institute in Brooklyn, NY. Jeanne Westhoff-Knight based in West Palm Beach, FL, is a professional with over nine years of experience in the energy industry. She has held positions with Mobil Oil Corporation as distillate sales consultant and regional trucking manager. As distillate sales consultant, Jeanne was responsible for promoting risk management programs to distributors in the Northeast. These programs included NYMEX based hedging strategies and counseling on the heating oil market. As regional trucking manager, Jeanne was responsible for lubricant sales to truck stops and dealers in New York, New Jersey and the New England states. Prior to her employment with Mobil, Jeanne was sales manager for a distributor in Palm Beach County, Florida. In this position she was responsible for bulk sales and distribution of gasoline, diesel fuels, methanol, lubricants, and additives. David Whitby BSc (Hons), MInstPet, is Chief Executive of Pathmaster Marketing, a business development consultancy for technology-based industrial businesses. Prior to this, he worked for BP for 22 years in a number of management positions, including Marketing and Business Development Manager for Kalsep (an advanced separations company), Business Manager for BP Ventures and Project Leader for Industrial Lubricants for BP Research. Dr. David Wood has some 30 years of international oil and gas experience spanning technical and commercial exploration and production operations, contract evaluation and senior corporate management. Industry experience includes Phillips Petroleum, Amoco (Africa, Europe and UK) and Canadian independents (South America, Africa, Middle and Far East), including three years based in Colombia and four years based in Dubai. From 1993 to 1998 he was he was UK Managing Director for Lundin and then Morrison Petroleum responsible for a broad portfolio of assets and a staff of more than 100. He now works as an independent international consultant and expert witness. He has published an extensive body of work on diverse energy related topics including: performance modelling of fiscal terms, economic analysis, enterprise risk and portfolio simulation, LNG, GTL and gas supply, deepwater exploration and production techniques, corporate performance, portfolio and strategy management, mergers and acquisitions, negotiations and project management. He is actively involved in diverse professional training, research and development programmes.
157
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Index by Date
January 2012
23-24 25-26 25-26 27 30-31 London Houston London Houston Singapore Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Overview of Physical Crude Oil Trading and Operations (CT)
February 2012
1-2 3 3 13-15 27-28 27 Feb-2 Mar Singapore London Singapore Calgary Houston Oxford Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Front to Back Office- Trading Controls and Best Practices (FTBO) Fundamentals of Refinery Economics and Blending (FREB) North American Gas and Power Trading and Risk Management (NAGP) Fundamentals of Technical Analysis (TA) International Oil Supply, Transportation, Refining and Trading (SP1)
March 2012
13-14 19-20 21-22 London Singapore Singapore Exploring European Natural Gas Markets (EEGM) Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Derivatives Pricing, Hedging and Risk Management (DPH2)
April 2012
11-13 16-18 18-20 23-25 23-27 24 24-26 24-26 25 26 27 Singapore Oxford Singapore Singapore Oxford Calgary Houston Dusseldorf Calgary Calgary Calgary Trading Operations Practice (TRSQ) Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0) Tanker Ownership, Chartering and Operations (TD2E) Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4) International Oil Trading and Pricing (TR1) Front to Back Office- Trading Controls and Best Practices (FTBO) Oil Trading Orientation (OTO) European Gas and Power Trading (EGPT) Compliance, Ethics and the Role of the Middle Office (FTBOII) Value-at-Risk: The Basics and Beyond (VAR) Overview of the North American Electric Power Industry (ET)
May 2012
7 7-8 7-9 8 8-10 9-10 9-10 10-11 11 14-16 15-16 21-23 New York Calgary Accra New York Dubai Calgary New York Accra Calgary Oxford Calgary Oxford Fundamentals of Energy Futures (FOEF) Overview of Physical Crude Oil Trading and Operations (CT) Retail Marketing - Maximising Outlets and Networks (RM0) Options I - Fundamentals of Energy Options (FOEO) Oil Trading Orientation (OTO) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Energy Risk Management (ERM) Network Planning and Asset Management for Professional Retailers (RMNP) Fundamentals of Refinery Economics and Blending (FREB) Gasoline and Diesel Fuel Technology (GDT1) Fundamentals of Technical Analysis (TA) The Olefins Business - Markets and Economics (CH6)
158
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Index by Date
21-25 28 28 28 May- 1 Jun 29 30-31 29 30-31 Oxford London Melbourne Oxford Melbourne Melbourne London London Tanker Ownership, Chartering and Operations (TD2) Fundamentals of Energy Futures (FOEF) Fundamentals of Energy Futures (FOEF) The Use of Advanced Instruments in International Oil Price Risk Management (TR3) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM)
June 2012
4- 5 6-7 11 11-12 11-12 12-13 12-14 13-14 13-15 13-15 18-19 18-20 19-21 20-21 20-23 22 25 25 25-26 25-27 25-27 26 26-27 27-28 27-28 28 29 Houston Houston London Calgary Oxford London Geneva Calgary Oxford Perth New York Melbourne Stavanger New York Singapore New York Mexico City Zug London Oxford Singapore Zug Mexico City London Zug Mexico City London Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Liquidity and Counterparty Risk Management (LCRM) Fundamentals of Oil, Petrochemicals and Gas Shipping (TD1) Energy Derivatives Markets, Instruments and Hedging (DPH1) Introduction to the Downstream Oil Business (DOB) A Practical Understanding of Commercial Risks in Laytime and Demurrage (TDL) Energy Value Chain (EVC) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Downstream Sales & Marketing (DSM) Overview of the LNG Value Chain (LNG1) Overview of Physical Crude Oil Trading and Operations (CT) Oil Trading Orientation (OTO) Oil Trading Orientation (OTO) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Principles of International Oil Trading (TR0) Fundamentals of Refinery Economics and Blending (FREB) Overview of the Petroleum Industry (OPI) Fundamentals of Energy Futures (FOEF) Energy Derivatives Markets, Instruments and Hedging (DPH1) Overview of the LNG Value Chain (LNG1) International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2) Options I - Fundamentals of Energy Options (FOEO) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Energy Risk Management (ERM) Fundamentals of Refinery Economics and Blending (FREB) Trader Psychology The Discipline and Methods to Trading Success (TPS)
July 2012
2-6 2-6 9-11 9-13 11-13 Oxford Oxford Singapore London Singapore International Oil Supply, Transportation, Refining and Trading (SP1) International LNG Contracts - Commercial Factors and Negotiations (LNG5) LPG Trading and Pricing - Shipping, Contracts and Price Risk Management (LP0) The Synergies of Refining, Trading and Supply (TRR) Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0)
159
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Index by Date
16 16-17 16-20 17 18-19 18-19 20 30 Jul- 2 Aug Houston Melbourne Oxford Houston Houston Melbourne Melbourne Singapore Fundamentals of Energy Futures (FOEF) Overview of Physical Crude Oil Trading and Operations (CT) Natural Gas in the Competitive Electricity Generation Market (NGPG) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) The Synergies of Refining, Trading and Supply (TRR)
August 2012
13 14 20-21 22-23 24 27 27-28 28 29-30 Houston Houston Cape Town Cape Town Cape Town Calgary Houston Calgary Calgary Overview of the North American Natural Gas Industry (NANG) North American Natural Gas Transportation and Storage (NGTS) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Fundamentals of Energy Futures (FOEF) A Disciplined Approach to Asset-based Trading in Oil Markets (ABT) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM)
September 2012
3-7 3-7 10-11 10-13 10-13 12-13 14 17 17-18 17-18 17-21 17-21 18 18-20 18-20 19-20 19-20 21 24-25 24-26 24-28 24-28 26-27 27 Oxford Oxford London London Oxford London London London Calgary Singapore London Oxford London Oxford Singapore Singapore London Singapore Houston London Oxford Oxford Houston Houston International Oil Supply, Transportation, Refining and Trading (SP1) The Gas Chain Concept - Industry Structure, Economics, and Pricing (NG3) Overview of Physical Crude Oil Trading and Operations (CT) International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL) Introduction to Renewable Energy: Resources, Technology and Commercial Opportunity (REN) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Front to Back Office- Trading Controls and Best Practices (FTBO) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Overview of Physical Crude Oil Trading and Operations (CT) LPG - Supply, Economics, Markets and International Trading (LP1) International Gas Contracts - Commercial Factors and Negotiations (NG5) Value-at-Risk: The Basics and Beyond (VAR) Aviation Fuels: Supply, Trading and Risk Management (AV1) Overview of Petrochemical Processes, Catalysts and Markets (PPCM) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Technical Analysis (TA) Fundamentals of Refinery Economics and Blending (FREB) Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Value Chain (EVC) Total Risk Management in the International Oil and Derivatives Market (TRM) Tanker Ownership, Chartering and Operations (TD2) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Overview of the North American Electric Power Industry (ET)
160
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Index by Date
October 2012
1-3 1-5 2-4 8-10 10-12 10-12 15 15-19 16 16-18 16-18 17-19 22 22-26 23 23 24 24 29-30 29 Oct -1 Nov Singapore Oxford Geneva Oxford Oxford Singapore Calgary Singapore Calgary Houston London Oxford Houston Oxford Houston London Houston London Calgary Oxford Overview of the LNG Value Chain (LNG1) International Oil Trading and Pricing (TR1) Oil Trading Orientation (OTO) Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG) Overview of Petrochemical Processes, Catalysts and Markets (PPCM) LNG Shipping: The Centre of Global Gas Supplies - Harmonising the Upstream, Downstream and Mid Stream (TDLNG) Overview of the North American Natural Gas Industry (NANG) International LNG Contracts - Commercial Factors and Negotiations (LNG5) North American Natural Gas Transportation and Storage (NGTS) North American Gas and Power Trading and Risk Management (NAGP) European Gas and Power Trading (EGPT) Overview of the LNG Value Chain (LNG1) Front to Back Office- Trading Controls and Best Practices (FTBO) Petrochemical Markets and Economics - The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH1) Compliance, Ethics and the Role of the Middle Office (FTBOII) Options II - Options Pricing and Applications (OPA) Value-at-Risk: The Basics and Beyond (VAR) Options III - Option Strategies (OS) Overview of Physical Crude Oil Trading and Operations (CT) International LPG Trading and Pricing - Supply, Shipping Contracts and Risk Management (LP2) Understanding the Global Lubricants Business - Regional Markets, Economic Issues and Profitability (LB1) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Principles of International Oil Trading (TR0)
November 2012
5 5-6 5-7 6 6-8 7-8 12-14 12-16 13-15 19 19-21 20 21-22 26 26-27 26-30 Las Vegas London Singapore Las Vegas Cape Town Las Vegas Oxford Oxford Houston London London London London London Singapore Oxford Fundamentals of Energy Futures (FOEF) A Disciplined Approach to Asset-based Trading in Oil Markets (ABT) International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2) Options I - Fundamentals of Energy Options (FOEO) Oil Trading Orientation (OTO) Energy Risk Management (ERM) The Aromatics Business - Markets and Economics (CH5) Lubricants Refining and Manufacturing (LB5) Oil Trading Orientation (OTO) Fundamentals of Energy Futures (FOEF) International Trading Operations Practice (TROP) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Overview of the European Natural Gas Industry (ENG) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) The Use of Advanced Instruments in International Oil Price Risk Management (TR3)
161
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Index by Date
27-28 27-29 28-29 29 London Oxford Singapore London Exploring European Natural Gas Markets (EEGM) LNG Shipping: The Centre of Global Gas Supplies - Harmonising the Upstream, Downstream and Mid Stream (TDLNG) Liquidity and Counterparty Risk Management (LCRM) Overview of European Electric Power Markets (EEP)
December 2012
3-4 3-4 3-5 3-5 3-7 4 5 5-6 5-6 6 7 10-12 London Zug Calgary Singapore London New York New York London Zug New York Zug London Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Overview of Physical Crude Oil Trading and Operations (CT) Oil Trading Orientation (OTO) Oil Trading Orientation (OTO) The Synergies of Refining, Trading and Supply (TRR) Options I - Fundamentals of Energy Options (FOEO) Options II - Options Pricing and Applications (OPA) Liquidity and Counterparty Risk Management (LCRM) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Options III - Option Strategies (OS) Fundamentals of Refinery Economics and Blending (FREB) Oil Trading Orientation (OTO)
162
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Index by City
Accra Accra Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Calgary Cape Town Cape Town Cape Town Cape Town Dubai Dusseldorf Geneva Geneva Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston 7-9 May 10-11 May 13-15 Feb 24 Apr 25 Apr 26 Apr 27 Apr 7-8 May 9-10 May 11 May 15-16 May 11-12 Jun 13-14 Jun 27 Aug 28 Aug 29-30 Aug 17-18 Sep 15 Oct 16 Oct 29-30 Oct 31 Oct- 1 Nov 3-5 Dec 20-21 Aug 22-23 Aug 24 Aug 6-8 Nov 8-10 May 24-26 Apr 12-14 Jun 2-4 Oct 25-26 Jan 27 Jan 27-28 Feb 24-26 Apr 4-5 Jun 6-7 Jun 16 Jul 17 Jul 18-19 Jul 13 Aug 14 Aug 27-28 Aug Retail Marketing - Maximising Outlets and Networks (RM0) Network Planning and Asset Management for Professional Retailers (RMNP) North American Gas and Power Trading and Risk Management (NAGP) Front to Back Office- Trading Controls and Best Practices (FTBO) Compliance, Ethics and the Role of the Middle Office (FTBOII) Value-at-Risk: The Basics and Beyond (VAR) Overview of the North American Electric Power Industry (ET) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Fundamentals of Technical Analysis (TA) Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Overview of the North American Natural Gas Industry (NANG) North American Natural Gas Transportation and Storage (NGTS) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Oil Trading Orientation (OTO) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Oil Trading Orientation (OTO) Oil Trading Orientation (OTO) European Gas and Power Trading (EGPT) Energy Value Chain (EVC) Oil Trading Orientation (OTO) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Fundamentals of Technical Analysis (TA) Oil Trading Orientation (OTO) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Liquidity and Counterparty Risk Management (LCRM) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Overview of the North American Natural Gas Industry (NANG) North American Natural Gas Transportation and Storage (NGTS) A Disciplined Approach to Asset-based Trading in Oil Markets (ABT)
163
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Index by City
Houston Houston Houston Houston Houston Houston Houston Houston Las Vegas Las Vegas Las Vegas London London London London London London London London London London London London London London London London London London London London London London London London London London London London London London 24-25 Sep 26-27 Sep 27 Sep 16-18 Oct 22 Oct 23 Oct 24 Oct 13-15 Nov 5 Nov 6 Nov 7-8 Nov 23-24 Jan 25-26 Jan 3 Feb 13-14 Mar 28 May 29 May 30-31 May 11 Jun 12-13 Jun 25-26 Jun 27-28 Jun 29 Jun 9-13 Jul 10-11 Sep 10-13 Sep 12-13 Sep 14 Sep 17 Sep 17-21 Sep 18 Sep 19-20 Sep 24-26 Sep 16-18 Oct 23 Oct 24 Oct 5-6 Nov 19 Nov 19-21 Nov 20 Nov 21-22 Nov Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Overview of the North American Electric Power Industry (ET) North American Gas and Power Trading and Risk Management (NAGP) Front to Back Office- Trading Controls and Best Practices (FTBO) Compliance, Ethics and the Role of the Middle Office (FTBOII) Value-at-Risk: The Basics and Beyond (VAR) Oil Trading Orientation (OTO) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Front to Back Office- Trading Controls and Best Practices (FTBO) Exploring European Natural Gas Markets (EEGM) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Fundamentals of Oil, Petrochemicals and Gas Shipping (TD1) A Practical Understanding of Commercial Risks in Laytime and Demurrage (TDL) Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Trader Psychology The Discipline and Methods to Trading Success (TPS) The Synergies of Refining, Trading and Supply (TRR) Overview of Physical Crude Oil Trading and Operations (CT) International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Front to Back Office- Trading Controls and Best Practices (FTBO) LPG - Supply, Economics, Markets and International Trading (LP1) Value-at-Risk: The Basics and Beyond (VAR) Fundamentals of Technical Analysis (TA) Energy Value Chain (EVC) European Gas and Power Trading (EGPT) Options II - Options Pricing and Applications (OPA) Options III - Option Strategies (OS) A Disciplined Approach to Asset-based Trading in Oil Markets (ABT) Fundamentals of Energy Futures (FOEF) International Trading Operations Practice (TROP) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM)
164
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Index by City
London London London London London London London Melbourne Melbourne Melbourne Melbourne Melbourne Melbourne Melbourne Mexico City Mexico City Mexico City New York New York New York New York New York New York New York New York New York Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford 26 Nov 27-28 Nov 29 Nov 3-4 Dec 3-7 Dec 5-6 Dec 10-12 Dec 28 May 29 May 30-31 May 18-20 Jun 16-17 Jul 18-19 Jul 20 Jul 25 Jun 26-27 Jun 28 Jun 7 May 8 May 9-10 May 18-19 Jun 20-21 Jun 22 Jun 4 Dec 5 Dec 6 Dec 27 Feb- 2 Mar 16-18 Apr 23-27 Apr 14-16 May 21-23 May 21-25 May 28 May- 1 Jun 11-12 Jun 13-15 Jun 25-27 Jun 2-6 Jul 2-6 Jul 16-20 Jul 3-7 Sep Overview of the European Natural Gas Industry (ENG) Exploring European Natural Gas Markets (EEGM) Overview of European Electric Power Markets (EEP) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) The Synergies of Refining, Trading and Supply (TRR) Liquidity and Counterparty Risk Management (LCRM) Oil Trading Orientation (OTO) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Oil Trading Orientation (OTO) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Overview of the Petroleum Industry (OPI) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Options I - Fundamentals of Energy Options (FOEO) Options II - Options Pricing and Applications (OPA) Options III - Option Strategies (OS) International Oil Supply, Transportation, Refining and Trading (SP1) Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0) International Oil Trading and Pricing (TR1) Gasoline and Diesel Fuel Technology (GDT1) The Olefins Business - Markets and Economics (CH6) Tanker Ownership, Chartering and Operations (TD2) The Use of Advanced Instruments in International Oil Price Risk Management (TR3) Introduction to the Downstream Oil Business (DOB) Downstream Sales & Marketing (DSM) Overview of the LNG Value Chain (LNG1) International Oil Supply, Transportation, Refining and Trading (SP1) International LNG Contracts - Commercial Factors and Negotiations (LNG5) Natural Gas in the Competitive Electricity Generation Market (NGPG) International Oil Supply, Transportation, Refining and Trading (SP1)
165
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Index by City
Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Oxford Perth Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore 3-7 Sep 10-13 Sep 18-20 Sep 17-21 Sep 24-28 Sep 24-28 Sep 1-5 Oct 8-10 Oct 10-12 Oct 17-19 Oct 22-26 Oct 29 Oct- 1 Nov 29 Oct- 2 Nov 12-14 Nov 12-16 Nov 26-30 Nov 27-29 Nov 13-15 Jun 30-31 Jan 1-2 Feb 3 Feb 19-20 Mar 21-22 Mar 11-13 Apr 18-20 Apr 23-25 Apr 20-23 Jun 25-27 Jun 9-11 Jul 11-13 Jul 30 Jul- 2 Aug 17-18 Sep 18-20 Sep 19-20 Sep 21 Sep The Gas Chain Concept - Industry Structure, Economics, and Pricing (NG3) Introduction to Renewable Energy: Resources, Technology and Commercial Opportunity (REN) Aviation Fuels: Supply, Trading and Risk Management (AV1) International Gas Contracts - Commercial Factors and Negotiations (NG5) Total Risk Management in the International Oil and Derivatives Market (TRM) Tanker Ownership, Chartering and Operations (TD2) International Oil Trading and Pricing (TR1) Communicating and Negotiating Major Contracts in the Oil and Gas Industry (CNOG) Overview of Petrochemical Processes, Catalysts and Markets (PPCM) Overview of the LNG Value Chain (LNG1) Petrochemical Markets and Economics - The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH1) International LPG Trading and Pricing - Supply, Shipping Contracts and Risk Management (LP2) Understanding the Global Lubricants Business - Regional Markets, Economic Issues and Profitability (LB1) The Aromatics Business - Markets and Economics (CH5) Lubricants Refining and Manufacturing (LB5) The Use of Advanced Instruments in International Oil Price Risk Management (TR3) LNG Shipping: The Centre of Global Gas Supplies - Harmonising the Upstream, Downstream and Mid Stream (TDLNG) Overview of the LNG Value Chain (LNG1) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB) Energy Derivatives Markets, Instruments and Hedging (DPH1) Energy Derivatives Pricing, Hedging and Risk Management (DPH2) Trading Operations Practice (TRSQ) Tanker Ownership, Chartering and Operations (TD2E) Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4) Principles of International Oil Trading (TR0) International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2) LPG Trading and Pricing - Shipping, Contracts and Price Risk Management (LP0) Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0) The Synergies of Refining, Trading and Supply (TRR) Overview of Physical Crude Oil Trading and Operations (CT) Overview of Petrochemical Processes, Catalysts and Markets (PPCM) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB)
166
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Index by City
Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Stavanger Zug Zug Zug Zug Zug Zug 1-3 Oct 10-12 Oct 15-19 Oct 31 Oct- 3 Nov 5-7 Nov 26-27 Nov 28-29 Nov 3-5 Dec 19-21 Jun 25 Jun 26 Jun 27-28 Jun 3-4 Dec 5-6 Dec 7 Dec Overview of the LNG Value Chain (LNG1) LNG Shipping: The Centre of Global Gas Supplies - Harmonising the Upstream, Downstream and Mid Stream (TDLNG) International LNG Contracts - Commercial Factors and Negotiations (LNG5) Principles of International Oil Trading (TR0) International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2) Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3) Liquidity and Counterparty Risk Management (LCRM) Oil Trading Orientation (OTO) Oil Trading Orientation (OTO) Fundamentals of Energy Futures (FOEF) Options I - Fundamentals of Energy Options (FOEO) Energy Risk Management (ERM) Overview of Physical Crude Oil Trading and Operations (CT) Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR) Fundamentals of Refinery Economics and Blending (FREB)
167
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Register by Fax: Fax this form to USA +1 (609) 524-1120, UK +44 1865 254599 or Singapore +65 6337 7691 Cancellation Policy: Days Prior to Course Changes: Fee Charged* Cancellations: Fee Charged*** 91 days or more No charge 7.5% of course fee 41-90 days 7.5% of course fee 20% of course fee 40 days or less Delegate substitution ONLY** Nonrefundable * A course may be taken at a later date or substituted for a course of equal or greater value in accordance with the prorated schedule. ** If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course. *** In the event the course is cancelled entirely by The Oxford Princeton Programme, liability is limited to the refund of the course fee only. NOTE: Fees charged apply to fee (plus accommodation where applicable). r By checking this box I confirm that I have read the conditions outlined in the Cancellation Policy and that I agree and accept them. UK Government Value Added Tax (VAT) (for courses held in the UK only): VAT at the standard rate is 20%, will be charged on course fees to all companies and individuals in the UK and overseas. Where the supply is made to a foreign government in furtherance of its sovereign activity and evidence of this is provided, the fees for the training will be zero rated. Canadian Taxes (GST/QST) (for courses held in Canada only): GST - The goods and services tax (GST) is a 6% tax charged in Canada (except in Nova Scotia, New Brunswick, and Newfoundland and Labrador). QST - The Quebec sales tax (QST) is a 6.5% tax charged in the Province of Quebec in addition to GST. Singapore Taxes (GST) (for courses held in Singapore only): GST The goods and services tax (GST) is a 7% tax charged in Singapore. If paying by check or direct transfer, please contact us for complete banking details. Tel: +44 (0) 1865 250 521 (UK), +1 609 520 9099 (US) or +65 6837 8030 (Singapore) Important: Payment is due upon receipt of invoice. Please quote invoice number with payment. * Mention this code CAT12 and automatically receive a 5% discount on any instructor-led course. When registering 60 calendar days or more prior to the course date and receive up to 10% off the course fee (cannot be combined with any other discount from The Oxford Princeton Programme).
CAT12
Registration Form
Mention this code CAT12 and receive up to 5% off*
r If you would like to take advantage of our residential package, please check here (applicable for courses offered in Oxford only)
Please note: All registrants are liable for course fees at time of registration. Upon submission of this registration you are obligated to the terms of our cancellation policy. Due to the popularity of our courses, all registrations are accepted on a first come, first served basis. Frequently our courses sell out; before registering, please check the schedule on our website or call for availability. In the event that a course sells out, full payment or credit card guarantee is required to reserve your seat. Please provide your credit card information on this form.
Name (Please print exactly as you would like it to appear on your certificate) Company Name Address City/State/Postal Zip Code Country
Position
Fax Number
The information provided on this form will be stored and used to keep you updated on future events. Occasionally we send information from carefully selected third parties who offer products or services we believe are of interest. If you DO NOT want to receive this type of information, please check here r
/
Expiration
Visa/Mastercard: This is the 3-digit code found on the signature strip of your card. American Express: This is the 4-digit code printed on the front of your card above your main credit card number.
Cardholder Name
(if other than delegate)
Signature
Register by Fax: Fax this form to USA +1 (609) 524-1120, UK +44 1865 254599 or Singapore +65 6337 7691 Cancellation Policy: Days Prior to Course Changes: Fee Charged* Cancellations: Fee Charged*** 91 days or more No charge 7.5% of course fee 41-90 days 7.5% of course fee 20% of course fee 40 days or less Delegate substitution ONLY** Nonrefundable * A course may be taken at a later date or substituted for a course of equal or greater value in accordance with the prorated schedule. ** If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course. *** In the event the course is cancelled entirely by The Oxford Princeton Programme, liability is limited to the refund of the course fee only. NOTE: Fees charged apply to fee (plus accommodation where applicable). r By checking this box I confirm that I have read the conditions outlined in the Cancellation Policy and that I agree and accept them. UK Government Value Added Tax (VAT) (for courses held in the UK only): VAT at the standard rate is 20%, will be charged on course fees to all companies and individuals in the UK and overseas. Where the supply is made to a foreign government in furtherance of its sovereign activity and evidence of this is provided, the fees for the training will be zero rated. Canadian Taxes (GST/QST) (for courses held in Canada only): GST - The goods and services tax (GST) is a 6% tax charged in Canada (except in Nova Scotia, New Brunswick, and Newfoundland and Labrador). QST - The Quebec sales tax (QST) is a 6.5% tax charged in the Province of Quebec in addition to GST. Singapore Taxes (GST) (for courses held in Singapore only): GST The goods and services tax (GST) is a 7% tax charged in Singapore. If paying by check or direct transfer, please contact us for complete banking details. Tel: +44 (0) 1865 250 521 (UK), +1 609 520 9099 (US) or +65 6837 8030 (Singapore) Important: Payment is due upon receipt of invoice. Please quote invoice number with payment. * Mention this code CAT12 and automatically receive a 5% discount on any instructor-led course. When registering 60 calendar days or more prior to the course date and receive up to 10% off the course fee (cannot be combined with any other discount from The Oxford Princeton Programme).
CAT12