Oil and Gas
This course has been designed for downstream (refining, transportation, and marketing) sector employees, suppliers, government regulators, industrial petroleum buyers, or others interested in gaining a broad understanding of the refining, supply, and marketing of petroleum products. The course provides a North American perspective on this industry describing its infrastructure, processes, logistics, regulatory aspects, and future challenges.
Duration and Training Method
This is a classroom or virtual classroom course comprising lectures, case studies, and practical exercises.
Participants will learn to:
- Develop a broad understanding of the key elements of refining: processes, infrastructure and issues.
- Explain petroleum basics: types, uses, and characteristics.
- Understand the principles of petroleum supply: how production is managed to meet market demands.
- Understand how petroleum products are distributed across the continent.
- Characterize the issues and challenges surrounding petroleum products, alternative fuels and engine technologies, and the environment.
- Develop an understanding of the key players and infrastructure involved in petroleum marketing.
- Examine and evaluate petroleum pump prices using the “Pump Price Margin Model” and through historical analysis of price data.
- Better understand issues pertaining to the downstream petroleum sector and the public, particularly in regards to pricing and price regulation.
- Develop a holistic understanding of the entire downstream petroleum industry.
- Introduction: What is “Downstream”?
- Crude Overview
- Refining Basics: Processes, Infrastructure and Issues
- Petroleum Basics: Types, Uses, and Characteristics
- Supply: Managing Production to Meet Demand
- Distribution: Moving Petroleum across the Continent
- Petroleum Products and the Environment: Issues and Challenges
- Marketing Overview: The Players and Infrastructure
- Understanding Pump Prices - The Pump Price Margin Model
- The Downstream Sector and the Public: Prices and Regulation
- Understanding Pump Prices - Historical and Comparative Views
- The Future of the Downstream Petroleum Industry
Who Should Attend and Prerequisites
A wide range of participants have found the understanding gained to be invaluable: downstream industry employees; upstream producers; suppliers to the downstream sector; government regulators; industrial petroleum buyers; and anyone else who requires a broad understanding of the refining, supply, and marketing of petroleum products.