New Online Training Course - Overview of Global Fracking
Overview of Global Fracking is an online training course which will introduce you to the well completion technique known as fracking. It will examine the practice of hydraulic fracturing which has revolutionized oil and gas production over the past decade and led to truly unexpected hydrocarbon production growth in North America while also affecting global market fundamentals and pricing.
By the end of this course, you will be able to:
- Recognise how fracking technology developed
- Quantify fracking’s impact on hydrocarbon production
- Point out the best applications for different fracking technologies
- Identify the inputs used to frack a well
- Recognise how companies modify their operations to compensate for low oil and gas prices
- Select the ways fracking technologies have been modified to increase production
- Identify which regulatory agency is responsible for fracking oversight
- Point out where fracking is being done in the US and where it is prohibited
- Identify where fracking is taking place globally
Free for a Limited-Time: Lifting of the US Crude Export Ban and its Potential Impacts
Lifting of the US Crude Export Ban in an online training course that provides a briefing on the lifting of restrictions on the export of crude oil from the United States, which occurred in December 2015. It discusses the reasons why the ban was originally imposed, and why it was finally ended. And it assesses the prospect for US crude oil exports that the lifting of the ban allows, and its potential impacts on US and global crude trade.
You will have an understanding of:
- What restrictions the US placed on crude oil exports, and why
- The changing conditions that led to the end of the ban
- The opportunities that the lifting of the ban open up
- The immediate market response to the lifting of the ban
- The prospects for US crude oil exports in the short and long term
For a limited-time, this 30 minute online overview course, valued at $74.99 will be free.
February 2016 - eNewsletters
The latest February 2016 editions of The Energy Education Pipeline eNewsletter are now available.
"I always smirk when there is a trending post on social media that a famous CEO is going to give 100 people $10,000 and all I have to do is like and share the post! Then I see millions of people, including most of my family, took part and I sigh. Not that I need to tell you but not everything we read on the internet is true. This is just a microcosm of how questionable information can be consumed by the masses online.
The internet is undoubtedly a double-edged sword as it is full of tremendous information but there is an equal amount of questionable content. It can be a challenge to identify quality content but the best way is to...."
To view your local eNewsletter please choose one of the links below:
February 2016 -North American Edition
February 2016 - International Edition
February 2016 - Asia Pacific Edition
If you do not get our eNewsletters sent directly to your inbox, you can sign-up here.
Piecing Together the Petrochemicals Market Puzzle
Is this the end of the fully integrated and diversified chemical majors in the United States and, in fact, globally?
Dow Chemical and DuPont have merged to a $125-billion conglomerate. The Dow-DuPont merger is expected to be followed by a three-way split. It will probably be broken down to agchem, basic chemicals and polymers, and advanced materials.
Such a split would mark closure for the broadly diversified chemical business model in the United States and leave BASF as the only notable exception elsewhere. The deal caps the shift, accelerated in the last few years by the interference of activist investors, toward simpler and more focused portfolios. The reshuffle of Dow’s and DuPont’s non-agchem operations would nearly complete the split between basic petrochemicals and feedstocks. A recent IHS update Overview of the Specialty Chemicals Industry identified 30 or so market segments ranging from more than $40 billion/year in revenue (specialty polymers, construction chemicals, cleaning ingredients, and electronic chemicals) all the way down to thermal printing chemicals, valued at $670 million. Basic chemicals will likely be dominated by integrated oil companies, state-owned enterprises, emerging players in Asia, and a few remaining regional players in the United States and Europe. The last group would include a Dow-DuPont combination, LyondellBasell Industries, INEOS, and Westlake.
The rest of the industry is following targeted and more specialized niches spread across those 30 segments. Upstream integration is not essential, and maybe even scale is a hindrance. Focus and ambition have shrunk as R&D emphasis narrows on developing applications and extending product lines rather than invention and developing new products.
Perhaps this is the natural order of things in an industry that has seen giants such as Hoechst, Union Carbide, ICI, and others disappear over the past 20 years. But this is the end of the diversified chemical company era in the West. However, in the East, state-owned enterprises and large nationals surely won’t limit themselves to basic chemicals over the long haul.
Gain further insight into concepts and the evolution of the industry by joining us on our Understanding the International Petrochemicals Business - Technology, Markets and Economics course upcoming in Oxford this April. Learn more about this exciting offering below!
Alan Fisher & Rob Parry l Course Directors
Understanding the International Petrochemicals Business - Technology, Markets and Economics
25-27 April in Oxford, UK
The organic chemical industry centres on the relationships between raw materials, intermediates, end products and applications. Basic to these relationships are chemical reactions, and fundamental to the total business is economics. To be able to work successfully within this complex industry requires a combination of practical experience with an understanding of chemistry, markets and economics. The course offers an organised overview of the industry that is essential for the successful operations within it. There are no pre-requisites for this course, nor is any advanced preparation required. Register Now!
New Online Training Course - Options Strategies
Options Strategies is an online training course about how options contracts can be used to achieve objectives in both hedging and for-profit trading. After introducing some useful terminology, the course explores the features that make options valuable for hedging and trading. We discuss the disadvantages of simple options strategies, and how these can be overcome by using combinations of bought and sold options contracts to create options spread strategies. You will learn about collars, three-way collars and other common options spread strategies for hedging. We will explore the use of spreads in directional trading, and you will see how spreads like butterflies and condors can be used in volatility trading. You will also learn about costless hedging structures that provide partial participation in favorable price moves.
By the end of this course, you will be able to:
- Distinguish between the meaning of the terms directional, non-directional, bullish and bearish as they apply to options spreads
- Recognize the meaning and the implications of the terms debit and credit in options spreads
- Read a payoff diagram for an options spread and recognize its implications for either hedging or trading
- Identify how costless or zero-cost hedging strategies can be constructed
- Point out the balance of protection and participation afforded by an options hedging strategy
- Select the main reasons why hedgers may wish to use options spreads rather than simple long options positions
- Select the main reasons why traders may wish to use options spreads rather than simple long or short options positions
- Point out the difference between directional and volatility plays in options trading
- Recognize a simple collar, a three-way collar and other common options hedging strategies
- Recognize a straddle, a strangle and other common volatility trading spreads
- Recognize simple directional trading spreads such as a call spread
- Identify the concept of partial participation in hedging strategies