This five-day program develops an essential understanding of Oil & Gas Exploration & Production (E&P) accounting, reporting, and performance measurement issues and practices. It develops your ability to prepare, use, and critically evaluate information on E&P activities, applying specialist industry knowledge and relevant analytical skills.
Develop an understanding of the accounting standards, policies, and practices used by companies in the Oil & Gas Exploration & Production industry
Appreciate the nature and financial implications of Production Sharing Contracts and other agreements between host governments and international companies
Examine issues and guidelines in accounting for Joint Ventures
Identify and know how to apply international and national accounting standards most relevant to the E&P industry
Improve the relevance and reliability of financial reports to better meet the needs of users
Review and use publicly available information for benchmarking the business performance of companies in the E&P industry
The operation, technical service, and maintenance professionals
Technical professionals responsible for the maintenance and repair of equipment
Professionals involved in inspection and maintenance and repair
Technical professionals dealing with risk assessment and integrity analysis
Technicians dealing with regulating and metering and other measurements
Investor reporting
New investors
Taxation and royalties
Stock market intermediaries
Effect on reporting
Migration paths
Effect on PSC reporting
Share pricing and O&G companies
Capitalizing E&P projects
Effects of IFRS
Capital maintenance
Sources of capital
Unit 4: Oil & Gas Value Chain and Accounting Issues:
E&P Exploration & evaluation, borrowing costs, and development expenditures
P&S Reserves and resources
Product valuation issues, impairment of assets, disclosures, decommissioning
Royalties and income taxes
Emission trading schemes
Joint ventures – GAAP & IFRS
Business combinations
Currency issues
Accounting treatments
Analytical tools
Full cost
Successful efforts
Decommissioning obligations
The auditor’s ‘Opinion'
True and Fair
Sarbanes Oxley
Internal audits
Corporate governance
Government regulation
Investor confidence and share prices
Creative accounting and investor protection
Sources of external finance
Financial markets
Investment criteria
Roles of intermediaries in the financial markets
Analysis of Shell Oil and BP Accounts
DuPont hierarchy of ratios
Theoretical conclusions and live feeds from London Stock Exchange
Social media marketing is one of the most important digital marketing channels. Social media marketing uses social media platforms to create awareness about the product. Digital Marketing uses online and offline channels to promote products to the customer.
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractors but also with managers, fellow employees, and colleagues within our own organization.
The key to any successful operation lies in the effective management of risks; the ability to seize opportunities, minimize threats, and optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. In this Operations Risk Management and Mitigation training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach applies a proven six-step methodology of risk planning through identification, analysis, and control.
Maintaining a high level of productivity in today's successful businesses takes work and continuous learning in a variety of management skills and techniques. To be successful in daily work tasks, knowledge, and skills in management techniques must be learned, practiced, and implemented. People in all types of organizations find themselves needing to find more productive methods of planning work and tasks, setting appropriate goals, using good interpersonal skills, and using effective means of making decisions. A focus on using productive practices allows for effective and efficient management of work and making changes in the organization.
The ASME Plant Inspector Level 1 training course provides the fundamental principles of the inspection, assessment, and management of fixed pressure equipment. The content of the course is delivered in a systematic manner, from the inspection planning process to inspection practices and evaluation of the associated equipment. It is aimed at the upstream and downstream Petrochemical industry but is equally relevant to stakeholders from other sectors that utilize pressure equipment.
This intensive course covers the in-service inspection methodologies and requirements for piping, pressure vessels, and above ground storage tanks.