Understanding the Future of Energy

Introduction

Energy Industry is profoundly complex and interrelated – it is not just a problematic engineering challenge but a multi-dimensional social, political, environmental, and economic problem with mutual dependencies. Energy is critical to this civilization. It raises questions on using natural sciences, social science, resource management, and economics to solve some of our planet's most pressing concerns, from climate change to food security. Energy encompasses crude oil, refined products like gasoline and diesel, power, coal, natural gas, nuclear, and renewable energy sources. And it also includes the business of energy from an operational standpoint. Examining the future of energy and energy technologies are essential. Changes that are coming will have significant implications for corporations, industries, and entire economies. The future dynamics of the oil and gas supply will change. And these changes are likely to succeed the changes of recent years that we have seen during the so-called shale revolution.

Oil demand and natural gas demand are likely to rise sharply in the decade ahead, with China, India, emerging Asia, and other emerging markets at the epicenter of the surge in demand growth. Meanwhile, the most significant sources of additional marginal supply for oil and natural gas are set to come from the United States, which has historically been a significant net importer of hydrocarbons. This situation is a substantial change with the economy, supply chain, and even national security ramifications. The push against CO2 emissions and a push toward clean energy are likely to force a policy move away from coal across economies.This training course will critically examine future energy trends and highlight energy technologies options, opportunities, and risks.  

Objectives

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

• Understand the future trends of the Energy industry.
• Be aware of Climate Change and the threat to food security.
• Analyze the various options, opportunities, and risks in each trend.
• Determine Green hydrogen currently produced from electrolysis is a high-cost option, explore the possibilities of reducing the cost with innovative technologies.
• Design to rectify the current limitations and provide flexible and high-density power.
• Identify to produce a secure, resilient, and decarbonized energy system.

Training Methodology

This training course on the Future of Energy – Options, Opportunities, and Risks will utilize various proven adult learning techniques that ensure maximum understanding, comprehension, and retention of the information presented. The daily workshops will be highly interactive and participative. This training course combines PowerPoint presentation with interactive practical exercises, supported by videos, group discussion activities, and business case studies.

Organisational Impact

By sending the employees to this training course, the organization will gain a broader range of skills that participants gain and apply in their workspace to benefit their respective companies directly.

• It offers a broader management perspective of the global energy business
• Highlights the success factors in each category of several business models
• Defines how innovations in energy technologies help drive job growth and economic growth and improve living standards worldwide.
• Clarifies how we can achieve these goals while delivering value to shareholders.
• Inculcates the corporate culture of effectively dealing with the core issues, tactics, and essential concepts of successfully running the energy business.

Personal Impact

Each participant will enhance the Energy Industry's technical knowledge and business skills to benefit his/her career growth directly.

• Master the core competencies of the current and future energy technologies.
• Analyze the various options, opportunities, and risks in each trend
• Sharpen the business skills by learning those techniques that improve capital productivity, return on investment, and operational excellence.
• Understand the value chain optimization in Energy Industry and apply it at the workplace to enhance shareholders' value.
• Be fully cognizant of success factors of the Energy Industry's different categories – oil & gas Companies, Refining & Petrochemical Companies, and Renewables their relative strengths and weaknesses.