The University of Guyana’s Institute of Energy Diplomacy (IED) on Sunday announced the launch of a suite of Executive Level Professional Courses in Oil and Gas and Renewable Energy, slated to commence in June 2021.
A press release from the institution outlined that it is presently offering courses in Energy Markets, Oil and Gas Value Chain, Energy Transport and Shipping and Crude Oil Trading.
These courses, it said are being taught by leading international academics and experts from universities around the world with long track records in training for the energy sector. According to the release, the institute will deliver a minimum of two professional courses per month for the rest of 2021 and expects to accelerate its offerings in 2022.
“IED aims to certify several hundred persons across various disciplines in its first year of offerings commencing from June 2021 as the University rolls out its programmes in an effort to help fill the performance gaps and expressed interests of professionals in Guyana and the region,” the release outlined.
According to UG, the courses cover not only a range of upstream, midstream, and downstream oil and gas activities but equip participants with wider energy training.
Vice-Chancellor, Prof. Paloma Mohamed stated that the courses underscore UG’s continued drive to ensure that Guyanese can take full advantage of the local content requirements as well as those spin-off opportunities that are emerging rapidly in the local market.
She noted too that the new courses add to the other new offerings come September 2021 in the Faculty of Technology (Degree and Master in Petroleum Engineering and Master in Renewable Energy), Faculty of Earth and Environmental Sciences (Master in Environmental Management for the Oil and Gas Industry), and SEBI (Master in Management of Supply Chains and Procurement).
Meanwhile, IED Founding Director, Alex Armogan, stated that IED’s professional courses are optimised for online delivery and a busy work life.
The brief description of the first suite of Executive Courses being offered by UG’s Institute of Energy Diplomacy are as follows:
This course provides fundamental knowledge of energy market economics. The aim is to provide you with an energy-specific toolkit, which will allow you to understand the broader eco-nomic concepts and issues in this sector. Areas covered include energy demand, oil and refined products, natural gas, electricity and renewables. Other energy-specific courses will cover more detailed operational and financial issues.
Oil and Gas Value Chain
This course provides participants with an overview of the key business aspects of the Oil and Gas Business, with an emphasis on the upstream petroleum business. It explores the oil and gas value chain, key contracting and portfolio management, risks and challenges in the 21st century and discusses the important functional management issues, including technical, financial, environmental, and social.
Energy Transport and Shipping
This course provides fundamental knowledge of energy transportation and the tanker shipping market. The main aim is to provide participants with the skills and tools required to understand broader terms, concepts and issues in the oil and gas shipping sector in Guyana. The module consists of six topics with an introduction to energy transportation, the world tanker market and operations, shipping contracts and freight market economics, and international regulations in shipping.
Crude Oil Trading
This course provides fundamental knowledge of energy trading economics. The aim is to provide you with an in-depth study of the energy industry structure and strategies, study the fundamentals of oil and energy trading economics and relate those to current market trends. You will be introduced to the key issues involved in physical and financial energy trading as well as advanced issues related to the production and trading of oil before dealing with more detailed operational issues, which are covered in other energy-specific courses. Areas covered include oil pricing mechanisms, trading strategies, contracts and contract exposures, and risk management.
Prospective participants are expected to possess an undergraduate degree or at least five years of experience in a related field. Each professional course is assessed by a 100% final-online exam and is taught over 1 or 2 weeks.
Person’s may opt for an exam or no exam mode however, it was noted that the certification and costs of the two options will differ.
The main difference is that those taking the exams for course credits will have the option of adding these to other offerings with The University of Guyana for a postgraduate diploma in the future based on the modular framework of courses offered through the Institute for Energy Diplomacy.
Interested persons can visit www.ugied.com or contact the Institute directly at [email protected] or +592 613 5776 for more information.