The Oil and Gas Industry Overview

Overview/Description
 Oil accounts for 40 percent of the world's total primary energy demand, and its availability is a major factor in global economic conditions. Demand for oil is expected to increase 35 percent by 2020. During the same period, demand for gas will increase by 45 percent. The dramatic effect of the oil and gas industry on global markets makes it an attractive and lucrative business opportunity. This course is designed to help you navigate the complex processes of the oil and gas industry. You will explore industry challenges, key players, and the business models used to maintain production values. Additionally, you'll examine key strategic solutions for difficult industry problems such as regulatory issues and geopolitical conditions.

Target Audience
 This course is designed for management consultants and sales personnel seeking an overview of the oil and gas industry.

Expected Duration
3.5 hours

Lesson Objectives:

The Oil and Gas Industry Environment

  • recognize the value of knowing about the oil and gas industry environment.
  • identify the primary players within the oil and gas industry.
  • match oil and gas industry streams to examples of the characteristics of those streams.
  • match the functional areas of the U.S. natural gas market to characteristics of the functional area.
  • match descriptions of the four main natural gas sectors with their correct names.
  • match economic and political issues to the geographical areas of oil and gas production they impact.
  • match the strategies for enhancing energy security and international relationships to an example of the strategy.
  • characterize the impact of OPEC on the oil and gas industry.

    • Regulatory Issues and Agencies for the Oil and Gas Industry

  • identify the value of staying current with oil and gas regulatory issues.
  • identify methods for meeting the goals of the national energy policy.
  • match examples of the impact of national agency programs and policies to the appropriate agency.

    • Challenges and Strategies for the Oil and Gas Industry

  • recognize the benefits of being able to discuss the challenges facing the oil and gas industry.
  • identify examples of the primary supply and demand challenges faced by the oil and gas industry.
  • match examples of technological solutions with the oil and gas industry area each has impacted.

    • Strategic Solutions for Competitive Success in the Oil and Gas Industry

  • recognize the benefits of being able to identify strategic solutions and strategies for the oil and gas industry.
  • choose examples that demonstrate how the use of the Internet has impacted the upstream sector of the oil and gas industry.
  • match categories of e-business improvements of supply chain management to specific examples.

    • Course Number: IND0202