Certification of Natural Gas & Power Industry Expertise

A candidate must demonstrate to The Oxford Princeton Programme that they have earned the Certification of Natural Gas & Power Industry Expertise through successful completion of 15 online courses and one comprehensive final written exam.

The learning objectives of the 11 mandatory courses and 4 electives will combine to develop a strong foundational knowledge of the natural gas and power industries in order to successfully write the final exam.

 11 MANDATORY COURSES  
 Overview of the Natural Gas Industry
  • Point out natural gas’ unique characteristics
  • Distinguish all components of the natural gas supply chain
  • Identify what valuable products are stripped from the raw gas stream
  • Match storage facilities with specific customer requirements
  • Distinguish between the distinct roles of the various gas market participants
  • Distinguish the differences between natural gas hedging and trading
 Overview of the Gas Value Chain
  • Recognize the main value creation steps in the natural gas industry and its trends
  • Recognize the characteristics and qualities of natural gas
  • Distinguish between the resources yielding natural gas
  • Point out how transport and storage create value
  • Distinguish between the different gas trading markets and the instruments used
 Overview of the Shale Gas Market
  • Identify the definition of shale gas and list where reserves are located, and how much shale gas is being produced
  • Identify the processes of evolution of shale gas development and how production volumes have increased
  • Identify the major producing US shale fields and identify their unique characteristics
  • Distinguish shale gas drilling operations, techniques, costs and production decline rates
  • Identify the challenges to greater shale gas development and international opportunities in Europe and Asia
 Gas Markets and Deregulation
  • Recognize the key elements of gas market deregulation and the terminology used to describe them
  • Distinguish between various different approaches to gas pricing in regulated and deregulated markets
  • Identify the possible stages of liberalization through which a gas market may pass
  • Point out the history of deregulation in the US natural gas market and the European Union gas markets
  • Recognize global progress in gas market deregulation and the state of liberalization in selected key gas markets around the world
  • Identify how trading develops in liberalized gas markets, and which factors can help or hinder the development of active trading markets
 Overview of the Global LNG Market
  • Distinguish between LNG’s unique characteristics, its basic composition and how and how it is produced
  • Identify the processes of locating and producing commercially viable quantities of natural gas
  • Point out how natural gas is turned into a liquid state, turned back into its gaseous state and distributed via natural gas pipelines
  • Identify the use of specialized vessels to transport LNG
  • Recognize the operations and mechanics behind the pricing and selling of LNG and the process of supplying natural gas to end users
 The Emerging US LNG Export Marketplace
  • Identify the drivers behind US LNG exports
  • Point out the regulatory and permitting processes
  • Recognize the development plans for US export terminals
  • Identify global LNG market fundamentals
  • Select LNG pricing mechanisms
  • Identify arbitrage and supply opportunities
  • Identify competing LNG export projects
 Introduction to the Power Industry
  • Distinguish between the physical basis of electricity generation and transmission
  • Identify some key figures and events in the development of the electric power industry
  • Identify the main types of generation plant and their characteristics
  • Distinguish between the main components of a conventional thermal power plant and understand their roles
  • Recognize the principles and aims of electricity market liberalization
  • Select the major types of participant in the markets and their roles
  • Identify the basic principles of electricity market design and be aware of the range of different models in use
  • Distinguish the main types of trading activity and traded instruments in electricity markets
 Power Trading in Europe
  • Identify the different motivations for trading
  • Select the fundamentals of the power market and the key drivers of electricity prices
  • Recognize how liberalization has changed the power industry in Europe
  • Identify the various types of power instruments traded
  • Identify the major power trading markets in Europe, including power exchanges
  • Point out the outlook for the European power trading market
 European Power Markets and Infrastructure
  • Recognize the structure of the power industry in Europe, and how regulation is changing this structure
  • Identify the different fuels used for power generation, and the factors affecting the generation mix in Europe
  • Identify the various types of power demand and the consumption trends in Europe
  • Point out how electricity is transmitted across Europe, including key power flows
  • Recognize the outlook for the European power market, including the likely impact of environmental legislation
 North American Power Markets
  • Identify the historical origins of the US and Canadian power markets
  • Recognize the monopoly structure in the North American power markets
  • Point out key legislative, policy and regulatory initiatives which shaped the early power industry
  • Choose the drivers for the creation of competitive markets
  • Identify the types of generation in North American power industry
  • Identify how the transmission system developed and how the interconnected grid in North America functions
  • Identify which financial markets exist for the mitigation of financial risk in the competitive marketplace
  • Recognize how the exchange traded futures markets and clearing play a unique role in the management of risk
  • Identify how regional hubs developed and to describe key characteristics of major hubs
  • Point out how the Smart Grid will transform the North American transmission grid

 Natural Gas in a Decarbonizing World

  • Point out the advantages and disadvantages of natural gas compared to other energy sources in a low-carbon energy policy environment
  • Identify how existing natural gas storage and transmission infrastructure could be repurposed to handle non-fossil-fuel energy
  • Select the key reasons why natural gas is preferable to other fossil fuels in a decarbonizing world
  • Recognize the potential of natural gas to complement renewable power generation
  • Distinguish between possible applications of natural gas in road transportation
  • Identify the drivers behind the adoption of natural gas as a shipping fuel
  • Distinguish between biogas and biomethane, and identify how they are produced
  • Identify how wind and solar energy could be used to create combustible gases, and why this would be of benefit

 4 ELECTIVE COURSES

Certification of Natural Gas Industry Expertise Requirements and Application

  • 11 mandatory online courses
  • 4 elective online courses
    • Course length must be two-hours
    • Mandatory courses cannot be repeated as an elective
  • A comprehensive final written exam will be administered after all online courses are completed.
    • Must be completed within 3 months
    • Must receive a 75% to pass final written exam
    • All final exams must be submitted in English
  • Each online course is:
    • Approximately two-hours in length
    • Complete with practice exercises, quizzes and a final exam
  • All 15 online courses must be successfully completed with at least an 80% on each final exam
    • If any exam is failed, you are entitled to take the course again for a re-examination fee of $100.  Final written exam cannot be re-taken.
    • All online courses must be successfully completed within 12-months of commencing the programme
  • Comprehensive Payment Plan
    • 2995 USD
    • 1995 GBP (+VAT for UK based candidates)
  • Flexible Payment Plan
    • Candidates are welcome to purchase the above courses on www.oxfordprincetonlive.com on an individual basis to work towards the certificate and avoid the upfront payment
    • All courses still must be completed within 12-months of commencing the first course
    • Upon completion of the course curriculum, candidates will be subject to a 250USD or 175GBP (+VAT if UK based) examination fee to finish the certificate
    • Please note the Comprehensive Payment Plan provides saving of over 400USD or 350GBP!

 


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