Petroleum Refining 101
June 21-22, 2022 | Online :: Central Time
“The presentation was fantastic! This should be a mandatory course for anyone entering the Refining space, whether from an Owner, Operator or any other interested party. The amount of material covered in this course is extremely impressive!” – ArcLight Capital
The Petroleum Refining 101 course is designed to teach the fundamentals of refining technology, starting with the history of refining, and then diving into crude oil basics, petroleum products, product pricing, configurations, and more. Attendees will learn about the supply chain and the relationships between bulk crude oil property and refining value. Sources and types of crude oil assays will be discussed, as well as crude oil’s supply and demand trade (regional and global). Those who attend the course will leave with an understanding of petroleum products and basic market pricing concepts, including location drivers, key pricing differentials, and Gross Product Worth.
The agenda will also highlight transportation and logistics costs when it comes to modes of transportation, pipeline tariffs, and handling, and the course will wrap up with an in-depth review on refinery configurations and complexity. In this final section, discussion will focus on configuration types, conversion processes, upgrading processes, and other processes to be aware of (offsites, utilities, renewable fuel).
- Review the history of the refining industry, as well as its trends, drivers, roles, and contributors
- Examine the differences between gasoline, distillate, and fuel oil
- Discuss basic petroleum market pricing concepts (i.e., benchmarks, values, differentials, formulas, etc.)
- Recognize the costs associated with transportation, logistics, tankers, terminals, and handling
- Study refinery configuration types (topping, cracking, etc.) and conversion processes
Tuesday, June 21, 2022 : Central Time
8:45 – 9:00 a.m.
12:30 – 1:15 p.m.
9:00 a.m. – 5:00 p.m.
Introduction to Refining
- History of the industry
- Macro refining trends and drivers
- Supply chain roles and contributors
Crude Oil Basics
- Bulk crude oil property relationships with refining value
- Signature properties: API gravity and sulfur content
- Other commercial value drivers: distillation range, Total Acid Number, etc.
- Crude oil assays
- Sources and types of assays (commercial / marketing versus project / planning quality)
- Interpreting assay data
- Understanding crude oil supply/demand trade
- Regional oil consumption growth
- Global crude oil trade flow
- Global battle for oil supremacy
- Product demand trends
- Fuel oil (IMO 2020 developments)
- Product specification relationships with value
Crude Oil and Refined Product Pricing
- Basic petroleum market pricing concepts
- Quality / location drivers
- Crude oil refining values (Gross Product Worth)
- Key pricing differentials (light / heavy; sweet / sour, etc.)
- Overview of commercial pricing formulas
- Transportation / logistics costs
- Modes of transportation
- Worldscale tanker costs and pipeline tariffs
- Terminal and handling costs
Wednesday, June 22, 2022 : Central Time
8:45 – 9:00 a.m.
9:00 a.m. – 12:00 p.m.
Refinery Configurations and Complexity
- Refinery configuration types
- Topping / Hydro-skimming
- Cracking / Coking
- Relative margins
- Conversion processes
- Hydrocracking / Fluid catalytic cracking
- Vis-breaking / Solvent de-asphalting
- Upgrading processes
- Hydrotreating / Benzene reduction
- Catalytic reforming & Isomerization
- Other processes (offsites, utilities, renewable fuel)
Mr. Tod D. McGreevy, Vice President/Director; Muse, Stancil and Co.
Mr. Tod McGreevy has over 29 years industry experience and a diverse background in petroleum refining and manufacturing. Mr. McGreevy currently serves as Vice President and Director of Muse, Stancil and Co., a global energy consultancy headquartered in Dallas, Texas. He has been with Muse since 2003 and is also a Director of Muse’s Singapore affiliate, Muse, Stancil & Co (Asia), PTE, LTD. During his career, Mr. McGreevy has held various positions that encompass many of the technical/managerial functions found in the downstream sector of the petroleum industry. Previous work assignments have given him a wealth of experience in refinery economics including tactical planning and optimization, long-term, strategic planning, project evaluation, economic justification, and development, budgeting, financial performance measurement and benchmarking, and financial modeling.
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.
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
REGISTER NOW FOR THIS EVENT:
Petroleum Refining 101
June 21-22, 2022 | Online
|Individual attendee(s) - $ 1195.00 each|
Volume pricing also available
Individual attendee tickets can be mixed with ticket packs for complete flexibility
|Pack of 5 attendees - $ 4,780.00 (20% discount)|
|Pack of 10 attendees - $ 8,365.00 (30% discount)|
|Pack of 20 attendees - $ 14,340.00 (40% discount)|
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 May 20, 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
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 1.0 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.
PowerPoint presentations, interactive group exercise, and group discussion will be used during this course.
Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.
Course CPE Credits: 12.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None
EUCI 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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
Who Should Attend
- Financial Analysts and Bankers
- Crude Oil Marketers
- Petroleum Analysts
- Refinery Finance Executives
- Technology Suppliers
- Project Developers
- Commercial Business Analysts
- Crude & Products Managers
- Crude Producers
- Products Supply and Distribution Executives
- Strategic/Business Development Managers
- Energy Lenders
- Investment Analysts
- E&C Firms/Economic Feasibility Analysts