Your Complete Guide To A Successful Career In Oil Gas

6 courses in 1 : Oil Production Economics Trading Pricing Specifications Logistics Petroleum Refining and Petrochemicals

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

COURSE #1 : Gain a broad perspective of the global oil and gas industry and understand the role of oil in our life
COURSE #1 : Discover the history of the oil industry from its earliest development at the end of the 19th century to the current situation
COURSE #1 : Interpret the evolution of the factors affecting the energy supply and demand (crude prices
technology
reserves
geopolitics
geography
environment...)
COURSE #1 : Identify the actors of the energy scene and their strategic guidelines (producer and consumer countries
national
independent and international oil companies
international organizations (OPEC
IEA...))
COURSE #1 : Describe the different types of energy resources (conventional
unconventional
renewable & fossil)
COURSE #1 : Understand and appreciate the future energy challenges in terms of production and demand
COURSE #2 : Grasp the main characteristics of petroleum products and their relevance for end-users
COURSE #2 : List the key properties for automotive fuels (now and in the future)
COURSE #2 : Identify recent changes and future trends for the petroleum products’ specifications
markets and demand
COURSE #2 : Identify the main trends of fuel evolution due to: new regulations and/or new motor technologies
COURSE #2 : Understand how the main properties of each petroleum products are measured
checked and controlled using standard quality control tests
COURSE #2 : Understand the tests significance and accuracy of the methods
COURSE #3 : Review the different oil trading markets by type of transaction
COURSE #3 : Summarize the operation of the physical and financial oil markets
COURSE #3 : Review the different types of contracts: long term
spot and forward
COURSE #3 : Understand how crude oil and petroleum products are traded
COURSE #3 : Understand the pricing mechanism of crude oil and petroleum products
COURSE #3 : Analyze the parameters which influence prices of crude oil and prices of petroleum products
COURSE #3 : Review the different exchanges and their organization: the cases of NYMEX and ICE
COURSE #3 : Comprehend hedging techniques available for protection against fluctuations in prices
COURSE #3 : Understand the principle of financial derivative products like Swaps and Options
COURSE #4 : Gain a broad perspective of the global oil and gas business : supply and transportation
COURSE #4 : Understand logistics and supply principles and practices
COURSE #4 : Use Worldscale reference to charter a ship and to calculate the profitability
COURSE #4 : Understand how the commercial petroleum products (gasoline
diesel
fuel) are dispatched from the refineries to the market
COURSE #5 : Comprehend the basic differences between exploration
refining and petrochemicals
COURSE #5 : Understand the basics of the various refining processes
COURSE #5 : Learn what crudes are made of and understand the chemical properties of their hydrocarbon components like paraffins
naphthenes
aromatics...
COURSE #5 : Learn how the major refining processes work and interact with each other (distillation
isomerization
alkylation
catalytic reforming
hydrotreater
sulfur plant
fluid catalytic cracking
hydrocracking
delayed coking
asphalt/lube plant...)
COURSE #5 : Understand how the main petroleum products are made (LPG
gasoline
kerosene
diesel fuel
heating oil
heavy fuel
asphalts
lubricants...)
COURSE #5 : Appreciate that aromatics are important to the petrochemical industry even though refineries are trying to minimize these in gasoline due to their toxic properties
COURSE #5 : Appreciate that olefinic and aromatic petrochemical precursors are specialty chemicals produced by the refining processes
COURSE #6 : Comprehend the basic differences between petroleum refining and petrochemicals
COURSE #6 : Review the interactions with refining (objectives
advantages
flow and services exchanges…)
COURSE #6 : Situate the petrochemical industry in its energy and geographic environment
COURSE #6 : Explain the different steps of the petrochemical industry
COURSE #6 : Understand the operating principles of the steam cracking process
COURSE #6 : Know the origin and uses of the main olefinic and aromatic intermediates
COURSE #6 : Know the main markets for olefins
C4 cuts and aromatics
COURSE #6 : Know the opening on the petrochemistry of the main plastics
COURSE #6 : Know the outlets and main industrial uses of olefinics
diolefinics and aromatics hydrocarbons

* Requirements

* A passion for learning

Description

  • 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

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

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

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

The market for lubricating oil Preview 01:29

Some technical aspects Preview 03:49

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 :

------------------------------------------------------------------

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

------------------------------------------------------------------

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 :

------------------------------------------------------------------

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

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

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

Course learning objectives Preview 05:48

Refining activity overview Preview 03:14

Crude oil : Composition and characteristics Preview 27:44

Fluid catalytic cracking - FCC Preview 09:21

Hydrocracking Preview 04:03

Delayed coking Preview 03:05

Blending of finished petroleum products Preview 03:37

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

The chemical engineer's reference folder Preview 03:04

Petrochemical plants : location, possible feedstocks and main products Preview 04:16

A little history Preview 01:34

Cracking conditions Preview 08:43

Feedstocks and yields Preview 07:35

Investment and economics Preview 02:14

Characteristics of hydrogenation Preview 09:54

Hydrogenation of steam-cracked C2 cut Preview 03:25

Hydrogenation of steam-cracked C3 cut Preview 04:10

Hydrogenation of steam-cracked C4 cut Preview 00:29

Hydrostabilization of steam-cracked gasoline Preview 10:59

Process summary, production key figures and downstream units Preview 13:53

BONUS : COUPON CODES Preview 01:10