International Oil and Gas Markets

International Oil and Gas Markets 

Международные рынки нефти и газа

 

Instructor:

Olga L. Garanina, PhD, Associate Professor, Department of Strategic and International Management, Graduate School of Management, St Petersburg University

Workload:

6,0 ECTS

Contact hours: 45 

Prerequisites:

no

Goals and objectives:

The 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 recent challenges raised by exploration of unconventional energy resources. The course builds understanding of investment decisions in hydrocarbon exploration and production projects as well as organization of trade in oil and natural gas at global and regional scale. It concludes by analyzing challenges of international cooperation for providing sustainable and secure energy for all. 

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 2015. 

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