International Oil and Gas Markets

Instructors:

Olga L. Garanina, Associate Professor,

Strategic and International Management Department, Graduate School of Management, St.Petersburg University

 

Workload:

6,0 ECTS

45 contact hours; 139 student work hours

 

Prerequisites:

No

 

Aim of the Course:

This course aims to familiarize the students with major trends in the international oil and gas markets and with key business related issues in the global oil and gas industry. It discusses market fundamentals with particular emphasis on the role of technical progress and recent challenges raised by exploration of unconventional energy resources. On this basis, the course builds understanding of particularities of investments in hydrocarbon exploration and production projects as well as organization of trade in oil and natural gas on global and regional scale. The course concludes by analyzing challenges of international cooperation for providing sustainable and secure energy for all. The course is crucial for achieving management positions in energy and energy related business, as well as for enhancing capacities of foresight in global economics and energy.

 

Upon completion of the course, the students should:

  • gain basic knowledge and key concepts related to energy supply and demand, oil and gas industry structure and pricing;
  • gain understanding of major trends in oil and gas markets, as well as related risks and uncertainties;
  • critically reflect on strategic decisions of energy companies and value creation in oil and gas industry.

 

 

Course Content:

Topic 1. Global trends in oil and gas markets

Topic 2. Unconventional hydrocarbon resources

Topic 3. Energy companies: objectives and strategies

Topic 4. Upstream petroleum agreements

Topic 5. Developing oil and gas projects and investment decisions

Topic 6. Oil markets and pricing

Topic 7. Natural gas markets and pricing

Topic 8. Energy security and energy governance

 

 

Teaching Methods:

Lectures, seminars, case studies, group work, exercises, home and class discussion and assignments.

 

Course reading:

Inkpen A., Moffet M. (2011) Global Oil and Gas Industry: Management, Strategy and Finance. PenWell.

IEA. World Energy Outlook 2014.

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