Introduction to Downstream
$149.00
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What you will learn
In this short course, you will learn about the Downstream segment of the Oil and Gas industry through 4 modules:
- Introduction to Downstream
- Introduction to Refining
- Introduction to Supply & Trade
- Introduction to Product Marketing
Description
Most of us are completely unaware that we are active participants in the downstream segment of the oil and gas industry. When you pump gas in your car, take medications, cook, fly or utilize one of the thousands of products made from crude oil in your day-to-day, you are using a byproduct of crude oil. But how does crude oil become all of these products that allow our modern society to function? How does refining work? How is crude oil traded? What are some of the factors that influence prices of byproducts of crude oil?
These questions and more are answered in this easy-to-follow video course designed as a non-technical introduction to the downstream segment of the oil and gas industry. In about 1 hour, we will cover 4 main modules containing an overview of downstream, refining, supply & trade and product marketing.
Prerequisite:
We assume that you have no prior knowledge of oil and gas. While you may take it as a stand alone course, it’s highly recommended that you also take the upstream and midstream courses which will help you understand how the crude oil gets to the refineries in first place.
A quiz is included at the end of the course to help you validate the knowledge gained. Upon successful completion, you will earn a certification and 1 hr Professional Development Hour (PDH).
Curriculum
Introduction to Downstream- Downstream Business Characteristics,
- Downstream Participants,
- Refining Fundamentals,
- Typical End-user Products,
- Refined Products Marketing
- What is Crude Oil,
- Why we Refine Crude Oil,
- The Refining Distillation Process,
- What are Petroleum Products,
- Refinery Maintenance and Turnarounds,
- The Historic Evolution of Refining
- What is Supply and Trading, or S&T,
- The Importance of Logistics Hubs,
- A Typical S&T Organization,
- Time Trades,
- Global Spot Markets,
- Pricing Services,
- Price Volatility and Hedging Definitions,
- Futures Trading Exchanges,
- Hedging Contract Types,
- Matching Physical and Paper Trades,
- The Key Driver of Wholesale Prices,
- A Historical Perspective
- What is product marketing,
- The Wholesale Marketing Channel,
- The Retail Channel and Site Formats,
- Why Retail Gasoline Prices Change so Much,
- A Historical Perspective,
- The Future Uncertainty of Retail Automotive Stations.
Target Audience
This course is geared towards:- Students,
- IT personnel,
- Energy Consultants,
- Business Professionals,
- Engineers,
- Project Teams,
- Government professionals,
- Anyone looking to learn more about the Oil and Gas industry.
Specification: Introduction to Downstream
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About the Publisher
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EKT Interactive - Store Name: EKT Interactive
- EKT Interactive’s senior leadership team draws on decades of industry experience and a passion for educating to guide the company towards its goal of being the go-to place for learning about the ene... Read More > Read More
$149.00
30-day money back guarantee
1-Year access
Secure encrypted payment
All Credit cards Accepted
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sharada akshinthala (verified owner) –
5 stars
Christopher Hixson –
It did a great job of keeping it simple but providing a great overview