F1IE 4210 - Energy Industry: Business, Strategy and Finance

This course provides a comprehensive overview of the Energy Industry, covering the entire process from production to consumption. It offers insights into the techniques, key players, strategies, and essential concepts of the industry. Students will engage in practical analyses and calculations to familiarize themselves with industry practices. The course will emphasize various taxation systems and contractual contexts, illustrating how rent and profits are distributed among stakeholders. Additionally, it will explore different methods of product valuation, with a particular focus on oil and natural gas. Throughout the lectures, key issues and trends within the industry will be thoroughly examined

Learning Outcomes:

• Become familiar with energy business terminology, units, key numbers
• Be aware of the key issues of this business
• Gain an understanding of the role of the different stakeholders and their relations
• Be able to define the oil, gas & electricity life cycles from production to consumption
• Get a knowledge of the different categories of oil & gas fields with their economics
• Understand the different types of contracts
• Be able to critically interpret the results of a profitability analysis of a development project
• Understand the critical business decisions taken in this industry
• Be able to understand the main characteristics of a long-distance transport system
• Understand main stakes of energy transition and variety of strategy among different countries to reach their objectives
• Understand the point of view of a renewable energy producer : strategy, main decision criteria, risk analysis and main challenges during projects lifecycle.

Professional Skills:

• To learn tools applicable to any industry
• To put into action one's autonomy and perseverance when the situation makes learning more difficult
• To practice a systemic/critical thinking approach
• To develop a teamwork attitude

There are no specific requirements, but participants need to have an interest for a technical and business approach. A basic knowledge of Managerial Accounting (what is a balance Sheet, a Profit & Loss account, how to calculate a taxable income), Profitability analysis (Cash-Flow Table, Net Present Value and Internal Rate of Return) and Strategy (PESTEL-STEEP analysis, SWOT matrix) is a plus.

After each case study, project, or exercise, students will receive feedback and be guided by the instructor throughout the entire development process. Following quizzes and case studies, detailed analyses of questions, answers, problems, and arguments will be conducted, with interactive discussion sessions organized to explore various items. Throughout the course, multiple Q&A sessions will be held, ensuring continuous interaction not only with the instructor but also among the students themselves.

Assessment:

• Short Papers & Business Reports
• Quiz & Case-Studies
• Short presentations

Final Evaluation Structure:

• Individual: 1 Quiz 30%
• Group: Case-studies with reports 60%

• In Class Presence: 2 hours a week / 24 hours a semester
• Online learning activities: 10 hours a semester
• Reading and Preparation for Class: 30 hours a semester
• Research and Preparation for Group Work: 40 hours a semester
• Research and Writing for Individual Assessments: 50 hours a semester