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Course Schedule
Classroom Sessions:
DateVenueFees
18 - 22 Aug 2025 London - UK $5,950
22 - 26 Dec 2025 Dubai - UAE $5,950
19 - 23 Jan 2026 London - UK $5,950
Online Sessions:

18 - 22 Aug 2025 Online $3,950
Course Description

INTRODUCTION

This GLOMACS Understanding Energy Contracts training course will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market. In this GLOMACS training course, participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts.

Energy needs must be met in a world that cannot survive without it. How effectively we meet this need will determine the development of the modern world. Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customized solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases, and the contracts need to address this and provide workable solutions.  There is a need for customized contracts to avoid undue penalties which can cripple the commercial viability of a project.  Energy contracts must allow for flexibility, and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

Objectives

By the end of this GLOMACS training course, participants will be able to:

  • Understand the global energy market and the structure of energy contracts
  • Assess risks in the energy industry and know how to minimize those risks
  • Examine and analyze the different energy contracts both upstream and downstream
  • Assess critical issues faced during contract lifecycle and know how to negotiate appropriate contractual clauses
  • Avoiding pitfalls in contract negotiations and ambiguous contractual terms

Training Methodology

This GLOMACS Contracts Management training course will utilize a variety of proven interactive learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve the understanding of the core energy contracts, improve their skill sets to negotiate better energy contracts through an interactive session with case studies, discussion groups and scenario building.

Organisational Impact

The organization will benefit by:

  • Having a workforce who will be fully conversant with the different types of energy contracts that are used
  • Being able to anticipate and deal with issues and ramifications pertinent to energy contracts
  • Preventing expensive mistake from arising due to lack of familiarity with these types of contracts
  • Senior management knowing the contractual options available and how to structure the contracts accordingly
  • Analyzing and strategizing on the best approach to negotiating and managing energy contracts

Personal Impact

This GLOMACS training course teaches the competencies that enable the attendees to:

  • Strategize and appreciate the company’s current risk profile relating to their energy contracts
  • Have the ability to formulate a targeted approach to contracting
  • Learn what are the customize solutions and also determine the best pricing strategy to meet the company’s goals
  • Mitigate dramatic price increases in energy contracts and to come up with workable solutions
  • Customize contracts to avoid undue penalties which can cripple the commercial viability of a project

WHO SHOULD ATTEND?

This GLOMACS training course is suitable for a wide range of energy industry professionals but will greatly benefit:

  • Contracts Professionals
  • Commercial Managers & Professionals
  • Project Managers
  • Procurement Supply Chain Professionals
  • Risk Manager / Contract Risk Professionals
  • Financial Professionals in the Energy Industry
Course Outline

DAY 1

Introduction to Energy Contracts

  • Energy Laws, Policy, Business Ethics
  • Renewable Energy Issues
  • Petroleum Policy & Economics
  • Environmental Issues
  • Human, Socio-economic and Cultural Impacts

DAY 2

Specific Energy Contracts Examined

  • Gas Sale Agreement (GSA)
  • LNG Sale and Purchase Agreement (SPA)
  • Time Charter Party Agreement
  • Terminal Use Agreement
  • Decommissioning

DAY 3

Specific Upstream Energy Agreements

  • Oil and Gas Concessions
  • Production Sharing Contracts
  • Service Contracts
  • Joint Operating Agreements (Joint ventures)

DAY 4

Risk-Based Contracting – EPC, EPCM, and Alliance Contracts

  • Essential Features of an EPC, EPCM, Alliance Contracts
  • Key Oil and Gas Specific Clauses
  • Key Performance Clauses
  • Liquidated Damages
  • Risk Allocation & Risk Assessment

DAY 5

Structure of Transportation & Power Purchase Agreements

  • Gas Sales Agreements
  • Power Purchase Agreements
  • Transportation Agreements
  • Take or Pay Agreements
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS 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 website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

The Energy Training Centre

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

Visit website

Options & Brochure
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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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