Introduction to the Oil Industry, Infrastructure and Regulations

Introduction to the Oil Industry, Infrastructure & Regulations

February 7, 2022 | Online :: Central Time

Overview

This course will provide attendees with a fundamental, well-rounded understanding of the oil industry and all its moving parts. Designed for those who are brand new to the oil industry, as well as those in another energy sector or looking for a refresher, this program details everything from supply and demand to upstream and midstream activities to regulatory agencies. Attendees will grasp concepts revolving around crude oil, Liquid Petroleum Gas (LPG), Natural Gas Liquids (NGL), and refined oil products, and will learn all aspects included in oil’s history, today’s challenges, and where the industry is headed.

Starting with terminology and basic concepts and steadily diving into details such as storage, asset managers, and environmental reform, this event intends to provide all participants with knowledge they can apply the moment they return to their jobs. Hands-on activities and open discussions will be included and encouraged throughout the day.

Learning Outcomes  

  • Review the basics of oil, wet natural gas, dry natural gas, LPGs, NGLs, and refined oil products
  • Discuss the industry’s history, including importing, exporting, and regulations
  • Evaluate supply and demand and understand suppliers, consumers, primary sources, products, and users
  • Explain upstream and midstream activities (i.e., major players, drilling, fracking, gathering, transportation, refining)
  • Review the different types and locations of crude oil storage and its operations
  • Study crude oil refined products pipelines and the major oil pipelines in the US
  • Review notable regulatory agencies
  • Study distribution, logistics, and transportation for crude oil and refined oil products
  • Discuss industry challenges (i.e., politics, climate change, environmental regulation)

Agenda

Monday, February 7, 2022 : Central Time

8:45 – 9:00 a.m.
Log In and Welcome

12:30 – 1:15 p.m.
Lunch Break

9:00 a.m. – 5:00 p.m.
Course Timing

 

Fundamentals

  • Oil Composition
  • Oil, Wet Natural Gas, and Dry Natural Gas
  • LPGs—Liquid Petroleum Gases
  • NGLs—Natural Gas Liquids
  • Refined Oil Products—Gasoline, Diesel, Jet Fuel, etc.
  • Various Types of Oils
  • Benefits
  • Global Market
  • Terminology
  • Measurements
  • Conversions

Oil Industry History & Overview

  • Spindle Top
  • 1800s—Standard Oil
  • OPEC
  • Tankers
  • US Importing
  • US Exporting
  • Regulations

Supply, Demand, & Prices

  • Global Suppliers
  • Global Consumers
  • Primary Sources, Products, and Uses
  • Other Demand Sectors

The Oil Market Value Chain Overview

  • Upstream
  • Midstream
  • Downstream
  • The Oil Industry Value Chain

Upstream Activities

  • Major natural gas shale plays in U.S. and Canada
  • Kinds of Shale Plays
  • Dry, Wet, and Associated Gas (from oil wells)
  • NGLs and their economic importance
  • Conventional and Unconventional Drilling
  • Drilling and fracking shales
  • Hydraulic fracking
  • Costs of drilling and fracking

Midstream Activities

  • Gas gathering
  • Gas treatment
  • Gas processing
  • Frac Spread and gas processing

Crude Oil Storage

  • Different Types and Locations
  • Above Ground and Below Ground
  • Operations
  • Storage Development
  • US Oil Reserve
  • Regulatory Issues

Crude Oil and Refined Products Pipelines

  • Overview
  • Types of Pipelines
  • Major Oil Pipelines in North America
  • Key Facilities and Locations
  • How Oil Pipelines Operate
  • Who Are the Major Pipeline Players?
  • How New Pipelines Are Planned
  • Role of Shippers
  • Construction Costs
  • Environmental Reviews of Oil Pipelines
  • Federal and State Regulators—Who Really Determines If They Are Built?

FERC, EPA, and Other Regulatory Agencies

  • FERC
  • EPA
  • PHMSA
  • BLM
  • State Agencies

Re-Plumbing the Oil Pipelines – Today’s Challenges  

  • FERC’S 1999 Pipeline Policy Statement
  • Landowner Opposition and Eminent Domain
  • Opposition by the States
  • Opposition by Environmental Groups
  • Recent Court Challenges

Refined Oil Products – Distribution and Logistics

  • How Does Gasoline Get to My Local Gas Station?
  • Distribution Lines Characteristics
  • How They Work
  • Safety and Economic Trends
  • Regulatory Oversight

Crude Oil and Refined Products Pipeline Transportation

  • Overview of Transportation
  • Nominations
  • Force Majeure
  • Material Balancing
  • Operational Flow Order (OFO)
  • Penalties
  • Interruptions
  • Curtailments

Crude Oil and Refined Products Waterborne Transportation

  • Super Tankers—Global Market
  • Smaller Tankers
  • Barges
  • Scheduling
  • Cost

Industry Asset Managers

  • How Pipeline and Waterborne Transportation Costs Can Be Reduced
  • Procuring and Managing Supplies

Oil Industry Challenges

  • Climate Change
  • Presidential Election and Ban on Drilling in Federal Lands
  • Keep It in the Ground and the Green New Deal
  • Environmental Regulation and Reforms
  • Decarbonization

Workshop

The Future of the Oil Industry

Wednesday, February 9, 2022 : Central Time

This workshop is designed to provide attendees with further insight into where the industry is going in regards to political, economic, and international considerations and constraints. This is an interactive event, during which we will be utilizing real-time data and attendees are expected to bring stories, concerns, and questions to the program. Other topics of discussion besides what are noted in the agenda are encouraged as well.

Although this workshop is paired after Introduction to the Oil Industry, Infrastructure & Regulations and the Oil Physical & Financial Markets programs, it is not required to attend these programs in order to attend this workshop.

Requirements for Successful Completion of Program 

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit. 

Instructional Methods 
PowerPoint presentations, group discussions, and active participation.

Who Should Attend

New Oil Industry Employees, Energy Industry professionals, Gas Industry professionals wanting to learn more about the oil industry

Agenda

8:45 – 9:00 a.m.
Log In

9:00 a.m. – 1:00 p.m.
Workshop Timing

  • This Week’s Oil Prices and Drivers—And Is US Shale Back?
    • Supply side: The US and Canadian drill rig and production trends
    • Storage and SPR
  • What’s OPEC+ Up To?
    • Iran and Venezuela
  • Demand-Side: Comparison of Demand Today and COVID-19
    • Is the US back or is COVID-19 still affecting demand?
  • Status of EU and Asia Economic Recovery
    • Post-COP16 (Conference of the Parties 16)
    • IMO proposals on bunker fuel
  • Biden Administration and US Shale
    • Glas flaring and drilling on federal lands
    • Wall Street’s influence on US shale
  • What Are the Effects on Oil Exports?
    • New pipelines
    • Refinery output
    • Export terminals
  • Where’s the Industry Headed?
    • Crude oil to petrochemicals

Instructors

Pete Berzins, Senior Director—Oil & Gas, TTL

Pete Berzins has broad experience in various sectors of the energy Industry. This includes project management and design from preliminary engineering report (PER) preparation to design of meter stations, compressor facilities, processing plants, pipelines containing natural gas or liquid petroleum products, HDD’s, and underground utilities. Mr. Berzins has also performed specification preparation, subcontractor oversight, utility coordination, inspections, and construction oversight/support.

Mr. Berzins has received a BS in Mechanical Engineering from Georgia Institute of Technology and an MBA in Finance and International Business from University of Houston.


Tom Russo, President, Russo on Energy, LLC

Tom Russo is an Energy and Environmental expert with unique FERC regulatory skills in oil, natural gas and liquefied natural gas infrastructure, NEPA environmental impact assessment and in how energy markets, prices and physical/cybersecurity affect infrastructure investments.

Prior to founding Russo on Energy LLC in May 2015, Mr. Russo worked for over 30 years as a Manager and Sr. Energy Industry Analyst at the Federal Energy Regulatory Commission (FERC). During that time, he amassed experience in the natural gas and crude oil markets and its regulation by the FERC. Mr. Russo thoroughly understands the Natural Gas Act, Natural Gas Policy Act, and Interstate Commerce Act which are applicable to natural gas and oil pipeline transportation.

Mr. Russo is also an adjunct professor at the George Washington University’s Elliott School of International Affairs. He teaches Global Energy Markets and Global Energy Security to undergraduate and graduate students. He actively conducts independent research on oil, natural gas, and power matters and writes an Energy and Environmental column for the Climate & Energy Journal.

Instructor

Pete Berzins, Senior Director—Oil & Gas, TTL

Pete Berzins has broad experience in various sectors of the energy Industry. This includes project management and design from preliminary engineering report (PER) preparation to design of meter stations, compressor facilities, processing plants, pipelines containing natural gas or liquid petroleum products, HDD’s, and underground utilities. Mr. Berzins has also performed specification preparation, subcontractor oversight, utility coordination, inspections, and construction oversight/support.

Mr. Berzins has received a BS in Mechanical Engineering from Georgia Institute of Technology and an MBA in Finance and International Business from University of Houston.

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

  • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

Event Standard RateAttendees
Single Connection - Introduction to the Oil Industry, Infrastructure & RegulationsUS $ 795.00
Pack of 5 connectionsUS $ 3,180.00
Pack of 10 ConnectionsUS $ 5,565.00
Pack of 20 ConnectionsUS $ 9,540.00
Call us at 303.770.8800 if you have any specific questions on the volume discounts
* all other discounts do not apply to license packs

This event has the following workshops:

The Future of the Oil IndustryUS $ 495.00
Pack of 5 ConnectionsUS $ 1980.00
Pack of 10 ConnectionsUS $ 3465.00
Pack of 20 ConnectionsUS $ 5940.00

This event has the following related events:

Oil Physical & Financial MarketsUS $ 795.00
Pack of 5 connectionsUS $ 3,180.00
Pack of 10 ConnectionsUS $ 5,565.00
Pack of 20 ConnectionsUS $ 9,540.00

By registering I indicate I agree with EUCI's privacy policy and understand I may receive emailed reports, articles, event invitations and other information related to products and services from EUCI and any of our business partners. I understand I may unsubscribe at any time by clicking the link included in emails.

Take advantage of these discounts!

  • Attend the Course and Oil Physical & Financial Markets and 1 workshop and pay US $ 1,990.00 per attendee (save US $ 95.00 each)
  • Attend the Course and Oil Physical & Financial Markets and pay US $ 1,495.00 per attendee (save US $ 95.00 each)
  • Attend the Course and workshop and pay US $ 1,195.00 per attendee (save US $ 95.00 each)

Cancellation Policy

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before January 07, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Secured By:

CEUs

Credits

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EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.7 CEUs for this event.

Requirements for Successful Completion of Program 

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit. 

Instructional Methods

PowerPoint presentations, group discussions, and active participation.


Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 8.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Beginner/Intermediate
Delivery Method: Group-Live presented online due to COVID-19
Advanced Preperation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

 

 

Who Should Attend

New Oil Industry Employees, Energy Industry professionals, Gas Industry professionals wanting to learn more about the oil industry

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