The Oxford Princeton Programme

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News You Can Use
Gung Hay Fat Choy!
Best-selling Courses Coming to Singapore
Training on the Strip
North America Natural Gas Transportation and Storage
Houston Tanker Series
Understanding the International Petrochemical Business
Spotlight Series: David Wood
Last Call
Global Course Offerings
From the Editor
On the Road Again
Guess the Price of Crude
Are You an Energy Expert?

READ ALL ABOUT IT. The Oxford Princeton Programme will launch an exclusive news service to the energy, commodities and derivatives markets. Starting this month, The Oxford Princeton Programme's DIBs (Daily Industry Briefs) will be available on our home page (www.oxfordprinceton.com) to ensure you are up-to-date on what is hot and critical in oil, natural gas, power, renewables, futures and options trading, as well as corporate training worldwide. And do stay tuned for next month's edition of The Oxford Princeton Pipeline as we continue to build content that will make a difference in your endeavours and careers.

So get first DIBs each day with The Oxford Princeton Programme and maintain your competitive edge in the marketplace.

Best regards,
Jobert E. Abueva
Global Marketing Director
jabueva@oxfordprinceton.com

Overview of Physical Crude Oil Trading and Operations
19 - 20 Feb 2008
Singapore

North American Natural Gas Transportation and Storage
21 February 2008
Houston, TX

Fundamentals of Petroleum Refining - A Non-Technical Introduction
21 - 22 Feb 2008
Singapore

Fundamentals of Energy Futures
25 February 2008
Las Vegas, NV

International Oil Supply, Transportation, Refining and Trading
25 - 29 Feb 2008
Oxford, UK

Options I - Fundamentals of Energy Options
26 February 2008
Las Vegas, NV

Options II - Options Pricing and Applications
27 February 2008
Las Vegas, NV

Options III - Option Strategies
28 February 2008
Las Vegas, NV

That means Happy New Year! Thursday, February 7th is the start of the Chinese Lunar New Year which is also known as the year of the Rat (Wu Zhi). This auspicious occasion headlines The Spring Festival in many parts of Asia including China, Hong Kong, Taiwan and Singapore. We wish all our clients who celebrate this holiday a prosperous 4706 (2008).

To welcome the New Year, Crystal Yeo, Regional Account Manager (third from left), and Joanne Hoe, Programme Coordinator (fourth from left), both of The Oxford Princeton Programme, joined clients from ASP Electric in Singapore in a traditional tossing (Lo Hei) ritual. Wishing good fortune are (left to right): Samantha Tan, Irene Lim, Crystal, Joanne, and Sherry Tan

Rituals and Meanings
Yusheng plays on the homonyms where yu means "fish" but enunciated appropriately, it also means "abundance"; and sheng means literally "raw" but enunciated appropriately, it means "life". Thus Yusheng implies "abundance of wealth and long life". In Cantonese it is known as lo sheng with lo also meaning "tossing up good fortune". The tossing action is called lo hei, which means to "rise" (hei), again a reference to a thriving business and thus its popularity with businessmen during the New Year.

Mention the code NL0208 when registering 60 calendar days or more prior to the course date and receive 10% off the course fee. After the 60 days, mention the code and you'll receive 5% off the course fee (cannot be combined with any other discount from The Oxford Princeton Programme).

Several of our bestselling courses will make their way to Asia Pacific this year. Here are three you can attend soon.

Overview of Physical Crude Oil Trading and Operation (CT)
19-20 February 2008

Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR)
21-22 February 2008

Petrochemical Markets and Economics - The Impact of Feedstocks and Costs on Competitiveness and Business Strategy (CH10)
10-12 March 2008

This month, we invite you to join us on the "Las Vegas Strip" for our highly acclaimed Futures and Options workshops. Take a single day of training or join us for the entire week. Click below for full course descriptions and additional dates scheduled globally. All courses will be held at the Golden Nugget.

Fundamentals of Energy Futures
25 February 2008
Las Vegas, NV

Options I - Fundamentals of Energy Options
26 February 2008
Las Vegas, NV

Options II - Options Pricing and Applications
27 February 2008
Las Vegas, NV

Options III - Option Strategies
28 February 2008
Las Vegas, NV

North American Natural Gas Transportation and Storage (NGTS) is taking place in Houston on February 21, 2008. Early Registration is encouraged as this course is sure to fill up!

It offers an understanding of the role of pipelines in the natural gas industry and a broad insight to the dynamics that impact the economic decisions facing industry participants.

8 CPE credits awarded for this course for delegates in North America.

Our highly-acclaimed tanker courses are running back to back this March in Houston.

Tanker Ownership, Chartering and Operations(TD2)
March 26-28, 2008

Making sound business decisions concerning tanker ownership, chartering, operations and coverage strategies demands a good understanding of key issues and their potential impact. This basic course covers the crude oil, petroleum products, chemicals and gas transportation sectors. This course also examines the important economic, financial, contractual, environmental and legislative issues when evaluating contract options, chartering and investment strategies, logistics and operating tactics.
8 CPE credits per training day awarded for this course for delegates in North America.

Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)
31 March-2 April, 2008

Building on the knowledge gained in "Tanker Ownership, Chartering and Operations" (TD2), this three-day course offers delegates a more in-depth exploration of contracts and pricing issues surrounding the tanker industry. The course focuses on the implementation of tactics and practical strategies for enhancing commercial returns and business performance in tanker transportation - both from charterers' and owners' perspectives. It looks at how commercial risks may be hedged using freight futures or by entering into period charter agreements. Negotiating techniques and the key elements of contracts of affreightment are examined and discussed. A legal workshop provides a series of case studies designed to highlight some of the more common events impacting on commercial operations.
8 CPE credits per training day awarded for this course for delegates in North America.

This month we have encountered a lot of 'firsts' at The Oxford Princeton Programme.

As Jobert mentioned, we will now be offering "DIBS- Daily Industry Brief." Let us know what aspects of the energy, commodity and derivatives industry you'd like to hear about. We're all ears.

Liz Esten
Editor
lesten@oxfordprinceton.com

TOPP looks forward to meeting with several industry participants throughout 2008 as we embark on our trade show and conference schedule. Stay tuned for where we'll be next.

We will be in Messe Essen, Germany on 19-21 February 2008 attending the E-World conference, a comprehensive and, above all, qualitatively sophisticated communication platform on the topic of energy & water.

If you are attending and would like to meet with our representatives, please click here.

FIRST TIME IN PHILLY!

The organic chemical industry centres on the relationships between raw materials, intermediates, end products and applications. Basic to these relationships are chemical reactions, and fundamental to the total business is economics. To be able to work successfully within this complex industry requires a combination of practical experience with an understanding of chemistry, markets and economics. The course offers an organised overview of the industry that is essential for the successful operations within it.
8 CPE credits per training day awarded for this course for delegates in North America.

Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0)
Philadelphia, PA
1-3 April 2008

The Oxford Princeton Programme will be at The Marriott Hotel in Prague attending the following conferences.

1st Alternative Fuels Technology Conference: AFTC, 18 February

9th International Catalyst Technology Conference: ICTC, 19-20 February

10th International Petrochemicals & Gas Conference: IPGC, 20-21 February

We do hope you'll stop by!

If you are attending and would like to meet with our representatives, please click here.

This month we feature Course Director David Wood in time for his highly-anticipated Upstream Oil and Gas Industry - The Full E&P Picture debuting on 6-8 October in Oxford.

WIN AN IPOD SHUFFLE!
Back by popular demand- Guess the closing price of a barrel of sweet light crude oil as reported on NYMEX on February 29th. Please submit all guesses by Friday, 22 February. Click here to submit answers.

How did you get involved with TOPP?

I directed my first course for TOPP (then CPS in Oxford) in March 1999, which was a 5-day event covering strategy and risk in the upstream industry. I had recently started as an independent consultant as was keen to develop my expertise as a trainer. The course was a success and led to a series of other training projects with TOPP, both in Oxford and overseas (e.g. Kuwait in 2000 and Trinidad & Tobago 2001). I have also contributed regularly since 2000 to the upstream sessions to the TOPP's popular training course: "International Oil Supply, Transportation, Refining and Trading", run by Robin Burley and Ian Holderway.

What is your professional background?

Including my research work in the 1970s I have worked for more than 30 years in the oil and gas industry visiting and working with companies in all major petroleum provinces around the world. I worked as a geoscientist with Phillips Petroleum and Amoco between 1980 and 1987 on exploration and development projects in West Africa and Europe. From 1987 to 1993 I was Exploration Manager and Commercial Vice-President for Lundin Oil companies in South America and Middle East. In 1993 I became Managing Director of Lundin Oil?s UK subsidiary following an acquisition of UK assets from BP. In 1995 I was involved in selling those assets to Canadian independent Morrison Petroleum and continued to grow a UK oil production and exploration portfolio for them. Since 1998 I have worked as an independent consultant involved in international project evaluation, training, research, technical publication and expert witness activities.

Education background?

My first degree in geology was gained at Leicester University in 1974. This was followed by a PhD from Imperial College London in 1977 focused on ocean-floor geochemistry, which led into a post-doctoral fellowship at Institut de Physique du Globe, Paris, on deepwater exploration. At Phillips Petroleum I was trained as both a geoscientist and petroleum economist in the early 1980?s and formally obtained a business and commercial qualification with a Diploma in Company Direction with the Institute of Directors and Loughborough University in 1996.

What do you enjoy most about being an instructor at TOPP?

Meeting delegates from a wide range of backgrounds and countries, all with different perspectives on the oil and gas industry. This provides me with the opportunity to not only share my experiences but also to engage in discussions and benefit from the collective experiences of those attending the courses.

What's the greatest challenge?

The oil and gas industry is extremely dynamic and volatile in terms of its performance and is subject to significant market and geopolitical uncertainties. In such circumstances trying to identify the key events, technologies and issues, and what they mean for the future development of the industry in various parts of the world, requires regular in depth analysis to keep up to date. The extensive preparation requirements required by trainers to keep their courses current and relevant present the greatest challenge.

Goals for going forward?

I am involved in several areas of industry research, in addition to my training and consulting activities, which combine technical and commercial issues. I aim to continue to integrate and combine new developments emerging from this research into my training courses.

David's forthcoming courses are:
Upstream Oil and Gas Industry - The Full E&P Picture
6-8 October 2008
Oxford, UK

Any questions for Mr. Wood, click here.

The Oxford Princeton Programme invites experienced professionals and instructors to be part of our distinguished faculty. If you possess expertise in emissions trading, green power, weather derivatives, coal trading, petroleum refining and economics, electricity structure and trading or derivatives trading, kindly forward a resume/CV and cover letter expressing interest here.

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