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Petroleum Refining 101

January 22 - 23, 2025 Online :: Central Time

“Tod’s expertise in the subject was very evident, and he did a great job of explaining things at a pace that made it easier for me to understand. He also gave plenty of opportunities for attendees to ask questions and to dig deeper in subjects as needed. Tod definitely made it interesting.” – CHS

“A great overview of refining, with great materials to refer back to.” – CHS McPherson Refinery

“Well put together presentation and very knowledgeable. It was very interesting to watch and listen to.” – CHS

Read more testimonials

“He was very knowledgeable and presented the information in an organized manner which was easy to understand.” – CHS McPherson Refinery

The Petroleum Refining 101 course is designed to teach the fundamentals of refining technology, starting with the history of refining and diving into crude oil basics, petroleum products, product pricing, configurations, and more.

Attendees will leave the course with an understanding of:

  • The supply chain and the relationships between bulk crude oil property and refining value
  • Sources and types of crude oil assays, as well as crude oil’s supply and demand trade (regional and global)
  • Petroleum products and basic market pricing concepts, including location drivers, key pricing differentials, and Gross Product Worth
  • Transportation and logistics costs when it comes to modes of transportation, pipeline tariffs, and handling
  • Configuration types, conversion processes, upgrading processes, and other processes to be aware of (offsites, utilities, and renewable fuel)
  • An in-depth review on refinery configurations and complexity

At the adjournment of the Petroleum Refining 101 course attendees will feel more comfortable having educated conversations with their colleagues and clients. Discounts start at 15% off when you register a team of five or more!

Learning Outcomes

  • 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
  • Identify basic petroleum market pricing concepts (i.e., benchmarks, values, differentials, formulas, etc.)
  • Review the costs associated with transportation, logistics, tankers, terminals, and handling  
  • Assess refinery configuration types (topping, cracking, etc.) and conversion processes

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 attendees for 7 days after the event

REGISTER NOW FOR THIS EVENT:

Individual attendee(s)$ 1295.00 each
Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees$ 5,500.00 (15% discount)
Pack of 10 attendees$ 10,360.00 (20% discount)
Pack of 20 attendees$ 19,425.00 (25% 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 December 27, 2024 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

Day one

Wednesday, January 22, 2025

Day two

Thursday, January 23, 2025

Agenda

Wednesday, January 22, 2025
Central Time

Online

Log In and Welcome

8:45

Lunch Break

12:30 - 1:15 PM

Adjourn for the day

5:00 PM

8:45 - 9:00 AM

Log In and Welcome

12:30 - 1:15 PM

Lunch Break

9:00 AM - 5:00 PM

Course Timing

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

Petroleum Products

  • Product demand trends
    • Gasoline
    • Distillate
    • Fuel oil (IMO 2020 developments)
  • Product specification relationships with value

Crude Oil and Refined Product Pricing

  • Basic petroleum market pricing concepts
    • Benchmarks
    • 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

Agenda

Thursday, January 23, 2025
Central Time

Online

Log In

8:45

Lunch Break

12:30 - 1:15 PM

Adjourn for the day

5:00 PM

8:45 - 9:00 AM

Log In

12:30 - 1:15 PM

Lunch Break

9:00 AM - 5:00 PM

Course Timing

Refinery Configurations and Complexity

  • Refinery configuration types
    • Topping / Hydro-skimming
    • Cracking / Coking
    • Relative margins
  • Conversion processes
    • Hydrocracking / Fluid catalytic cracking
    • Coking
    • Vis-breaking / Solvent de-asphalting
  • Upgrading processes
    • Hydrotreating / Benzene reduction
    • Catalytic reforming & Isomerization
    • Alkylation
  • Other processes (offsites, utilities, renewable fuel)

Instructor

Mr. Tod McGreevy has 30 years of 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.

Mr. Tod D. McGreevy

Vice President/Director

Muse, Stancil and Co.

Continuing Education Credits

Credits

IACET

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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 1.5 CEUs for this event

Verify our IACET accreditation

Who recognizes IACET Credits?

CPEs

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

Course CPE Credits: 17.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

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, interactive group exercise, and group discussion will be used during this course.