Your Complete Guide To A Successful Career In Oil Gas
Tags: Oil and Gas Industry
6 courses in 1 : Oil Production Economics Trading Pricing Specifications Logistics Petroleum Refining and Petrochemicals
Last updated 2022-01-10 | 4.5
- COURSE #1 : Gain a broad perspective of the global oil and gas industry and understand the role of oil in our life- COURSE #1 : Discover the history of the oil industry from its earliest development at the end of the 19th century to the current situation
- COURSE #1 : Interpret the evolution of the factors affecting the energy supply and demand (crude prices
- technology
- reserves
- geopolitics
- geography
- environment...)
What you'll learn
* Requirements
* A passion for learningDescription
- COURSE #1 : Gain a broad perspective of the global oil and gas industry and understand the role of oil in our life
- COURSE #1 : Discover the history of the oil industry from its earliest development at the end of the 19th century to the current situation
- COURSE #1 : Interpret the evolution of the factors affecting the energy supply and demand (crude prices, technology, reserves, geopolitics, geography, environment...)
- COURSE #1 : Identify the actors of the energy scene and their strategic guidelines (producer and consumer countries, national, independent and international oil companies, international organizations (OPEC, IEA...))
- COURSE #1 : Describe the different types of energy resources (conventional, unconventional, renewable & fossil)
- COURSE #1 : Understand and appreciate the future energy challenges in terms of production and demand
- COURSE #2 : Grasp the main characteristics of petroleum products and their relevance for end-users
- COURSE #2 : List the key properties for automotive fuels (now and in the future)
- COURSE #2 : Identify recent changes and future trends for the petroleum products’ specifications, markets and demand
- COURSE #2 : Identify the main trends of fuel evolution due to: new regulations and/or new motor technologies
- COURSE #2 : Understand how the main properties of each petroleum products are measured, checked and controlled using standard quality control tests
- COURSE #2 : Understand the tests significance and accuracy of the methods
- COURSE #3 : Review the different oil trading markets by type of transaction
- COURSE #3 : Summarize the operation of the physical and financial oil markets
- COURSE #3 : Review the different types of contracts: long term, spot and forward
- COURSE #3 : Understand how crude oil and petroleum products are traded
- COURSE #3 : Understand the pricing mechanism of crude oil and petroleum products
- COURSE #3 : Analyze the parameters which influence prices of crude oil and prices of petroleum products
- COURSE #3 : Review the different exchanges and their organization: the cases of NYMEX and ICE
- COURSE #3 : Comprehend hedging techniques available for protection against fluctuations in prices
- COURSE #3 : Understand the principle of financial derivative products like Swaps and Options
- COURSE #4 : Gain a broad perspective of the global oil and gas business : supply and transportation
- COURSE #4 : Understand logistics and supply principles and practices
- COURSE #4 : Use Worldscale reference to charter a ship and to calculate the profitability
- COURSE #4 : Understand how the commercial petroleum products (gasoline, diesel, fuel) are dispatched from the refineries to the market
- COURSE #5 : Comprehend the basic differences between exploration, refining and petrochemicals
- COURSE #5 : Understand the basics of the various refining processes
- COURSE #5 : Learn what crudes are made of and understand the chemical properties of their hydrocarbon components like paraffins, naphthenes, aromatics...
- COURSE #5 : Learn how the major refining processes work and interact with each other (distillation, isomerization, alkylation, catalytic reforming, hydrotreater, sulfur plant, fluid catalytic cracking, hydrocracking, delayed coking, asphalt/lube plant...)
- COURSE #5 : Understand how the main petroleum products are made (LPG, gasoline, kerosene, diesel fuel, heating oil, heavy fuel, asphalts, lubricants...)
- COURSE #5 : Appreciate that aromatics are important to the petrochemical industry even though refineries are trying to minimize these in gasoline due to their toxic properties
- COURSE #5 : Appreciate that olefinic and aromatic petrochemical precursors are specialty chemicals produced by the refining processes
- COURSE #6 : Comprehend the basic differences between petroleum refining and petrochemicals
- COURSE #6 : Review the interactions with refining (objectives, advantages, flow and services exchanges…)
- COURSE #6 : Situate the petrochemical industry in its energy and geographic environment
- COURSE #6 : Explain the different steps of the petrochemical industry
- COURSE #6 : Understand the operating principles of the steam cracking process
- COURSE #6 : Know the origin and uses of the main olefinic and aromatic intermediates
- COURSE #6 : Know the main markets for olefins, C4 cuts and aromatics
- COURSE #6 : Know the opening on the petrochemistry of the main plastics
- COURSE #6 : Know the outlets and main industrial uses of olefinics, diolefinics and aromatics hydrocarbons
Course content
64 sections • 195 lectures
Overall introduction Preview 03:39
Introduction Preview 01:57
Oil in our economic life : Introduction Preview 01:34
The role of oil in our economic life Preview 02:31
Centers of production and demand Preview 02:03
Exploration risks Preview 01:14
The importance of capital investment Preview 02:45
Associations between companies Preview 01:18
The concentration of production Preview 01:06
The beginnings of the oil industry Preview 03:31
The Rockefeller era Preview 04:42
The development of the oil industry Preview 02:10
The world oil order before 1960 Preview 02:16
The formation of the OPEC and the 2 oil shocks Preview 07:06
The consequences of the 2 oil shocks Preview 03:00
The 1986 oil counter shock Preview 04:33
The Gulf Crisis Preview 01:52
The current situation Preview 05:33
Energy equivalence Preview 04:55
The world energy balance Preview 03:43
Regional energy balances Preview 00:46
Energy consumption and wealth Preview 02:57
Energy consumption and price Preview 01:34
Energy consumption forecast Preview 05:41
Energy resources Preview 06:02
The historical development Preview 04:54
The current position Preview 03:26
Future prospects Preview 00:38
The production of natural gas Preview 01:32
Facts and figures Preview 02:37
Facts and figures Preview 02:05
Conclusion of part 1 Preview 01:10
Introduction Preview 01:56
Many products, many applications Preview 03:32
Various classifications Preview 01:53
Specifications Preview 01:12
Current consumptions Preview 02:15
How consumption changed - Overview Preview 02:57
How consumption changed by market sector Preview 01:56
How consumption changed - Automotive fuels Preview 01:32
Demand for automotive fuels Preview 01:32
The automotive vehicle fleet Preview 02:50
Gasoline or Gas Oil ? Preview 05:09
Future demand for gasoline and gas oil Preview 01:07
Consumption of automotive fuels - Income and price Preview 01:05
Octane number Preview 02:58
Vapor pressure Preview 01:28
Relative density Preview 02:09
Various gasoline grades with # octane numbers Preview 03:06
Unleaded gasoline Preview 03:18
US oxygenated and reformulated gasolines Preview 02:16
Europe : The Auto Oil Programme Preview 02:48
Main characteristics Preview 01:30
Auto-ignition and Cetane Index Preview 01:52
Cold temperature performance Preview 02:36
Sulfur content Preview 02:27
Appearance Preview 01:19
Generalities Preview 01:05
The market for heating gas oil Preview 02:01
Specifications Preview 01:12
Naphtha and petrochemical feedstock Preview 02:32
The market for lubricating oil Preview 01:29
Some technical aspects Preview 03:49
Generalities Preview 02:55
Bitumen demand Preview 02:45
Conclusion of part 2 Preview 01:22
Course #2 : Downloadable resources Preview 03:07
Dear student,
In this section, you will find all the downloadable resources related to course #2.
The data and information inlcuded hereafter cover the following topics :
A. MAIN QUALITY STANDARDS AND SPECIFICATIONS OF PETROLEUM PRODUCTS :
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1. Volatility specifications for :
Automotive gasoline
Jet fuel
Diesel fuel
Heating fuel
Heavy fuel oil
Paraffinic base oils
Asphalts
2. Combustion specifications for :
Automotive gasoline
Jet fuel - Jet A1
Diesel fuel
Heating fuel
Heavy fuel oil
3. Cold condition behavior and flowing specifications for :
Jet fuel - Jet A1
Diesel fuel
Heating fuel
Heavy fuel oil
4. Pollution and corrosiveness specifications :
Sulfur content
Corrosiveness
Miscellaneous pollutants
5. Stability specifications :
Automotive gasoline
Jet fuel
Diesel fuel
Heating fuel
Heavy fuel oil
6. Asphalts specifications
7. Lube base oil specifications
B. STANDARD QUALITY CONTROL TESTS OF PETROLEUM PRODUCTS
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1. TESTS RELATED TO VOLATILITY :
ASTM distillation test
Reid vapor pressure
Flash point
2. TESTS RELATED TO COMBUSTION :
Octane number of gasoline
Cetane number of diesel fuel
Smoke point for aviation turbine fuels
Standard test related to fuel combustion
3. TESTS RELATED TO STORAGE AND FLOWING :
Viscosity measurements
Lubricating properties of diesel fuel
Cloud point
Pour point
Filterability limit
Freezing point
4. TESTS RELATED TO AIR POLLUTION AND CORROSIVENESS :
Air pollution and corrosion due to sulfur
Sulfur measurements
Copper strip corrosion
Doctor test
5. TESTS RELATED TO STABILITY OF MOTOR GASOLINE, TURBINE FUELS AND DISTILLATES :
Gum content
Induction period
Fuel stability
Oxidation stability of diesel fuel
Water and sediment
Asphaltene precipitation with normal heptane
Insoluble content test
Color and color stability tests
6. TESTS RELATED TO ASPHALTS :
Needle penetration
Softening point
C. SPECIFICATIONS OF PETROLEUM PRODUCTS BY COUNTRY :
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1. USA
2. FRANCE
3. CHINA
4. INDIA
5. BELGIUM
6. BOLIVIA
7. BRAZIL
8. IRAN
9. SAUDI ARABIA
10. SPAIN
11. SOUTH KOREA
12. VENEZUELA
Learning objectives Preview 02:17
Introduction Preview 01:01
The 1970s : Long term contracts Preview 01:36
The 1980s : The development of spot markets Preview 02:15
The netback contracts Preview 04:42
The 1990s : The development of financial markets Preview 02:29
Introduction Preview 00:38
The different types of agreements Preview 02:53
Crude oil price setting mechanism Preview 02:16
Product price setting mechanism Preview 01:36
Definition Preview 01:55
Spot markets in the world Preview 02:26
Operators on the spot markets Preview 01:20
The balance between crude oil and product prices Preview 01:40
Spot transactions Preview 01:55
The Brent market Preview 01:53
The Brent crude oil Preview 01:26
Price transparency Preview 02:39
Indexing crude oil prices : The adjustment factor Preview 03:01
Indexing crude oil prices : Reference indices Preview 01:46
Indexing crude oil prices : The price timing Preview 05:44
The limitation of the system Preview 02:52
Example #1 : The Rotterdam products market Preview 03:00
How prices are reported Preview 01:37
The forward market Preview 03:00
The principle of cover Preview 02:15
Speculation Preview 01:17
The players on the forward markets Preview 01:25
Dated Brent and 15 Day Brent Preview 04:34
The limitations of the forward markets Preview 01:01
The historical development of the petroleum exchanges Preview 02:48
Futures contracts Preview 00:50
How the markets work : Generalities Preview 01:39
How the markets work : The clearing house Preview 01:26
How the markets work : The deposit Preview 00:43
How the markets work : The margin call Preview 00:37
The participants Preview 03:34
Pricing structures : Backwardation and Contango Preview 02:06
The limitations of the futures markets Preview 07:04
The definition of an option Preview 01:28
Example of the use of an option : Call option Preview 02:14
Example of the use of an option : Put option Preview 01:15
The cost of an option Preview 02:04
The definition of a swap Preview 01:18
Example of the use of a swap Preview 03:50
Conclusion of part 3 Preview 01:39
Learning objectives Preview 04:02
Introduction to the different methods of transport Preview 05:17
The different types of tankers Preview 04:48
The different types of charters Preview 02:20
The cost of marine transport Preview 04:12
The price of marine transport Preview 07:01
Prices and costs of marine transport Preview 05:04
Regulations : National flag requirement Preview 00:46
Flags of convenience Preview 01:14
Operating aspects Preview 04:29
Controls on loading Preview 07:11
Administrative formalities Preview 01:06
The reception of tankers Preview 06:46
The constraints Preview 04:50
The cost of transport by pipeline Preview 02:36
Comparing transport costs Preview 06:02
Storage and delivery to the refinery Preview 02:59
Introduction Preview 03:15
Dispatch by pipeline Preview 07:27
Dispatch by water Preview 06:56
Dispatch by rail Preview 05:38
Dispatch by road Preview 05:10
Quality Preview 01:57
Quantities Preview 02:20
Administrative accounting methods Preview 00:53
Customs formalities Preview 02:04
Course learning objectives Preview 05:48
Refining activity overview Preview 03:14
Crude oil : Composition and characteristics Preview 27:44
Atmospheric distillation Preview 11:55
Vacuum distillation Preview 03:14
Light cut fractionation Preview 04:20
Hydrotreating Preview 07:39
Sulfur plant Preview 04:46
Fluid catalytic cracking - FCC Preview 09:21
Hydrocracking Preview 04:03
Delayed coking Preview 03:05
Blending of finished petroleum products Preview 03:37
A typical refinery scheme Preview 07:30
Course #5 : Downloadable resources Preview 02:27
Dear student,
In this section, you will find all the downloadable resources related to course #5.
The data and information inlcuded hereafter cover the following topics :
A. PROPERTIES AND CHARACTERISTICS OF CRUDE OIL
B. SIMPLIFIED REFINING PROCESSES LAYOUTS
C. OVERALL REFINING SCHEMES
D. PETROCHEMICALS : THE STEAM CRACKING PROCESS