The oil and gas industry is always evolving as prices change and resources become less available. Management is necessary to maintain proper order and service in this industry. If you plan to become a manager, learn a variety of styles that help you work the most effectively. Know a great deal of information about the oil and gas industry before you enrol. See what subjects you can expect to cover in management courses in oil and gas.
Course Materials
Before you start the course, you may be required to complete a pre-assessment. This test is used to determine your current knowledge in oil and gas management. As you move through the course, expect to do interactive coursework that includes textbooks, videos and computer software. At some point, you will apply your knowledge to the real business world. The oil and gas industry is an international one that requires the knowledge of global business practices.
Basic Overview
The world cannot work without the oil and gas supplies that move machines from ovens to cars. As you learn the basics of the oil and gas industry, learn about various business strategies that managers know well. Also, learn about the natural environment and how strong evolutionary forces have affected this industry in the past 100 years.
Oil, Gas and Politics
Politics are interwoven into the workings of the oil and gas industry. Learn how the local, state and national governments get involved in the politics of extracting natural resources. Learn how power and wealth affects this process and the roles played by environmentalists.
Access to Oil
Everyone knows that oil is only accessible in certain parts of the world. You cannot go anywhere to look for more. A typical oil extraction project includes the tasks of finding oil and providing access to it using the right tools. Learn about fiscal regimes that govern the activities of oil extraction and exploration. These laws include the use of mineral rights and petroleum licenses.
Project Management
Every good manager strives to develop effective oil and gas projects. It requires you to know every stage of a development project from start to finish. The most common stages are conception, analysis, execution and conclusion. Before creating any plan, familiarize yourself with important business terms, product costs, written contracts, safety issues and more.
Oil and Gas Production
Finally, know exactly how oil and gas is produced in the world. Know a few of the modern extraction tools and techniques being used nowadays. Learn how people are continuing to push innovation as a way to increase production in the industry.
Natural Gases
There are different forms of natural gas that people use for energy. They use the gas to fuel different cars, trucks and engines. Liquefied natural gas (LNG) is the liquid form that is easier to carry and store. It is odourless and takes up less than the regular gas. It is important to know about natural gases in general along with the liquefaction process.
Management of Finances
Build your knowledge about financial management. You cannot expect to have control over a company if you do not know about finances. You have to understand how to avoid debts and pay them off. Learn how to work with accountants and acquire funding for certain projects.
Crude Oil Marketplace
The costs of crude oil are always changing in the marketplace. Five or ten years from now, no one can predict the exact costs of oil. To make any prediction, you have to know more about supply and demand. Crude oil reservoirs are formed in a certain way and so are oil fields. You cannot expect to manage anything about oil if you do not understand the basics.
Methods of Transportation
How is oil and gas transported? Many times, you will drive on the highway and see plenty of oil trucks and tankers. Pipeline transportation is another method of getting the materials from one point to another. The pipes, trucks and tankers are all ideal modes for long-distance transportation.
Methods of Storage
How do oil and gas workers deal with storage? Along the transportation routes, there are terminals with storage units. You can store petroleum in tanks and keep natural gas in underground reservoirs. Do not worry about the resources being stolen or misplaced.
Uses of Technology
Technology will always be useful in every type of industry. Learn about the tools being used to compress fuel as it moves through pipes. Find other tools that help you detect leaks in pipes. Some monitoring tools allow you to keep an eye on the oil field.
There are automated machines that provide nonstop hours of uninterrupted service. For instance, a remote monitoring tool allows you to view the terminals from any location. No matter whom you are, you are likely to need technological tools to work more quickly and effectively.
Refining Business
Refining is necessary to purify crude oil and remove the unwanted minerals. No one wants a liquid with small particles floating around the surface. A good management course teaches you to understand the process of refining. See how workers handle certain pieces of equipment, such as vacuum distillation units, hydro heaters and desalters. Refining is necessary to prevent oily minerals from clogging up the engines and other parts.
The Future State of Oil and Gas
No one can predict the future state of anything. You can start by knowing what is going on right now. The demand for oil is high, but the resources are dwindling. Learn all about the future changes that will affect prices and consumer markets. You cannot rely entirely on what the scientists tell you, but you can make assumptions.
The oil and gas industry is a complex one that needs proper management. This industry is lucrative and valuable, but it does not stay the same every year. The main reason is because the availability of oil and gas does not stay the same. To become a company leader, you have to go through a special managerial training program. Once you become a manager, work as a professional dedicated to improving your craft and continuing your education.