| 8:30 |
Registration
|
| 9:00 |
Introduction
|
| 9:05 |
Crude Oil: History and Politics
- Very Crude: How oil shaped geopolitics and economies
- OPEC, IOCs, and NOCs: reshaping the politics of oil
- Global crude oil production, consumption and reserves
- New crudes - what's next?
|
| 10:05 |
Coffee Break
|
| 10:20 |
Oil Markets
- Sweet & sour, baskets and benchmarks: crude terminology
- On the trading floor: International Crude markets
- Prompt vs. futures markets - how they function
- Speculation vs. fundamentals and spot vs. contract markets
- Future crude price scenarios and how they could affect your business
|
| 11:00 |
Oil Section Summary, Quiz and Q&A
|
| 11:15 |
How Refineries Work
- The refining industry: humble beginnings
- Today's major refining steps: separation, conversion, purification (or, everything you need to know about distillation, cracking, reforming, etc)
- The Nelson Complexity Index: from simple to highly complex refineries
- A profile: today's global refining industry structure
|
| 12:15 |
Lunch Break
|
|
| 13:15 |
Morning recap and Q&A
|
| 13:30 |
How Fuel Product Markets Work
- How naphtha pricing is determined and its weaknesses
- The kerosene, diesel and jet-fuel markets
- The LPG markets - how they function
|
| 14:15 |
The Link Between Oil and Natural Gas Markets
- A brief description of natural gas processing and end products
- The historical relationship between oil and gas markets
- The LNG business: How pricing is set and where it's heading
|
| 15:45 |
Coffee Break and Q&A
|
| 16:00 |
An Introduction to Refinery Economics
- Competing values: tradeoffs between fuels, lubes and petrochemicals
- Crude assays - key data for refinery feed decisions
- Crack spreads, GRMs, and other measures of refining profitability
- Key refining issues: challenges facing an aging industry
|
| 17:00 |
A Look to the Future - The 'New' Green Factors
- Global warming and the energy industry response
- Concepts you need to stay in the game: Carbon Capture and Storage (CCS), 2nd generation biofuels, and 'clean coal'
- Peak Oil: fact or fiction?
|
| 17:30 |
Course Summary & Discussion - Evaluations
|
| 18:00 |
End of Programme
|
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The organisers reserve the right to change the programme, speakers or venue should circumstances require.
