{"id":6488,"date":"2023-05-31T15:12:58","date_gmt":"2023-05-31T12:12:58","guid":{"rendered":"https:\/\/www.uol.ac.cy\/?post_type=courses&#038;p=6488"},"modified":"2024-10-17T13:17:49","modified_gmt":"2024-10-17T10:17:49","slug":"gd650-oil-gas-finance-accounting-and-green-management","status":"publish","type":"courses","link":"https:\/\/www.uol.ac.cy\/en\/courses\/gd650-oil-gas-finance-accounting-and-green-management\/","title":{"rendered":"GD650 \u2013 Oil &#038; Gas Finance, Accounting and Green Management"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"class_list":["post-6488","courses","type-courses","status-publish","hentry"],"acf":[],"spectra_custom_meta":{"_last_editor_used_jetpack":["classic-editor"],"_edit_lock":["1729160585:17"],"_edit_last":["17"],"c_course_main_title":["Master in Business Administration"],"_c_course_main_title":["field_6447c49f617d3"],"c_course_unit_title":["Oil & Gas Finance, Accounting and Green Management"],"_c_course_unit_title":["field_6447c246335b9"],"course_unit_code":["GD650"],"_course_unit_code":["field_63f6047058b75"],"type_of_unit":["Elective"],"_type_of_unit":["field_63f6047758b76"],"level_of_course_unit":["Second cycle"],"_level_of_course_unit":["field_63f6047c58b77"],"year_of_study":["First\/second year"],"_year_of_study":["field_63f6048558b78"],"semester":["On demand"],"_semester":["field_63f6049158b79"],"number_of_ects_credits":["6"],"_number_of_ects_credits":["field_63f6049b58b7a"],"class_contact_hours":["28"],"_class_contact_hours":["field_63f604a358b7b"],"course_unit_objectives":["The objective of this course is to provide students with in-depth knowledge of financial &amp; accounting aspects of Oil and Gas (O&amp;G) exploration and production and to equip them with critical knowledge on green management, costing and taxation in the oil and gas sector while considering the economics of oil and gas markets, oil and gas policies and regulatory framework as well as the national and international business environment. Through their lifecycle, oil and gas operations intersect the entire ecosystem including water, soil, air and the human environment. Leveraging best management practices at every phase helps keep operations profitable and sustainable while mitigating damage to the natural environment that may negatively impact operations in the future. Part of this course focuses on best management practices for exploration and production sites and pipelines, the impact and regulation of oil spills, solids disposal and monitoring, emissions and gas flaring, Learning throughout the course will be reinforced by case studies, worked examples, and illustrative extracts from oil and gas company annual reports."],"_course_unit_objectives":["field_63f606bd0ec15"],"c_learning_outcomes":["The students completing the course should be able to:"],"_c_learning_outcomes":["field_63f607e69bd76"],"c_learning_outcomes_description":["<ul>\r\n \t<li>Critically assess concepts and principles underlining the operation of O&amp;G markets and apply the green management principles to oil and gas exploration and production.<\/li>\r\n \t<li>Identify the unique features of O&amp;G exploration and production activities and critically evaluate the use of historical cost methods, depreciation, depletion and amortization methods, and asset impairment considerations that underpin the preparation of accounts for oil and gas exploration and production companies.<\/li>\r\n \t<li>Analyze and appraise alternative O&amp;G investments and projects using financial data, valuation models, risk considerations and relevant non-financial information for viability.<\/li>\r\n<\/ul>\r\n&nbsp;\r\n<ul>\r\n \t<li>Evaluate the implications of alternative project financing arrangements and risk management.<\/li>\r\n \t<li>Explain the financial information disclosed in the annual report and accounts of O&amp;G companies and provide sound rationale and clearly communicate to relevant stakeholders the basis for accounting, reporting and disclosure, operational considerations, financial implications, etc.<\/li>\r\n \t<li>Analyze the environmental risks from O&amp;G operations and propose strategies for integrating environmental considerations.<\/li>\r\n \t<li>Demonstrate how environmental challenges and green management can lead to cost savings and greater profitability for O&amp;G companies.<\/li>\r\n<\/ul>"],"_c_learning_outcomes_description":["field_63f607f99bd77"],"c_mode_of_delivery":["Mode of Delivery"],"_c_mode_of_delivery":["field_6447c76184617"],"c_prerequisites":["MB460 Accounting & Finance or GD510 Foundations of Accounting & Finance"],"_c_prerequisites":["field_6447c76c84618"],"c_course_content":["<ol>\r\n \t<li>Overview: The International Oil &amp; Gas (O&amp;G) Markets; O&amp;G Financial\/Economic characteristics and Price Drivers; Business of Exploration &amp; Production of O&amp;G; Green transition and management<\/li>\r\n \t<li>Accounting: Treatment of Exploration and Development Costs; Reserves, Production and Cost of Sales; Risk and Cost Sharing Arrangements<\/li>\r\n \t<li>Financial &amp; Risk Management; Investment appraisal techniques; Valuation Principles &amp; Models<\/li>\r\n \t<li>Environmental risks from O&amp;G operations, and strategies for integrating environmental considerations in O&amp;G exploration, production and transport<\/li>\r\n \t<li>Climate change and the O&amp;G industry; Carbon reduction methods<\/li>\r\n \t<li>How environmental challenges and green management can lead to cost savings and greater profitability for oil and gas companies<\/li>\r\n<\/ol>"],"_c_course_content":["field_63f608209bd78"],"c_truefalse":["0"],"_c_truefalse":["field_6447c80f84619"],"c_readings_0_c_readings_1st_row":["<strong>Recommended or required reading<\/strong>\r\n\r\n1. Wright, C. J., 2016. Fundamentals of Oil and Gas Accounting. 6th ed. Tulsa, OK: PennWell\r\n\r\n2. Simkins, B. J. &amp; Simkins, R. E., 2013. Energy finance and economics: analysis and valuation, risk management, and the future of energy. Hoboken: John Wiley. ebook\r\n\r\n3. Antill, N. &amp; Arnott, R., 2000. Valuing oil and gas companies: a guide to the assessment and evaluation of assets, performance and prospects. 2nd ed. Sawston: Woodhead, Publishing Ltd.\r\n\r\n4. Jahn, F., Cook, M. and Graham, M., 2008. Hydrocarbon exploration and production. 2nd ed. Amsterdam: Elsevier."],"_c_readings_0_c_readings_1st_row":["field_6447d03051789"],"c_readings_0_c_readings_2st_row":["5. The Oil and Gas Industry in Energy Transitions, World Energy Outlook special report, January 2020 https:\/\/www.iea.org\/reports\/the-oil-and-gas-industry-in-energy-transitions\r\n\r\n6. Islam, M. R., Chhetri A. B. &amp; Khan M. M. Green Petroleum: How Oil and Gas Can Be Environmentally Sustainable\r\n\r\n7. Oil and gas going green: Can environmental challenges lead to cost savings and greater profitability? R&amp;D Solutions for Oil and Gas, WHITE PAPER\r\nhttps:\/\/www.elsevier.com\/ data\/assets\/pdf_file\/0020\/521543\/Oil-and-gas-going-green.pdf\r\n\r\n8. E-Books: Environmental management in oil and gas exploration and production, UNEP Technical Publication"],"_c_readings_0_c_readings_2st_row":["field_6447d0425178a"],"c_readings":["1"],"_c_readings":["field_6447d00351788"],"_seopress_redirections_type":["301"],"_seopress_redirections_logged_status":["both"],"site-sidebar-layout":["default"],"site-content-layout":["default"],"theme-transparent-header-meta":["default"],"_seopress_analysis_target_kw":[""],"_eael_post_view_count":["2100"],"classic-editor-remember":["classic-editor"],"_wp_page_template":["default"],"English_Course":["a:1:{i:0;s:7:\"English\";}"],"_English_Course":["field_664a7ab2b54a8"],"greek_course":[""],"_greek_course":["field_664afc80bfc9b"],"yesno":["1"],"_yesno":["field_6648f406b6def"],"core_en_and_gr":["Core Course"],"_core_en_and_gr":["field_664c54e2559a3"],"Teacher\u2019s_name":["#"],"_Teacher\u2019s_name":["field_6647979a4a918"],"Course_Unit_Objectives_new":["#"],"_Course_Unit_Objectives_new":["field_664c5c2365623"],"Learning_Outcomes_select":["Learning Outcomes"],"_Learning_Outcomes_select":["field_63f607e69bd76"],"Select_mode_of_delivery_language":["Face to Face"],"_Select_mode_of_delivery_language":["field_66546dc27e3f7"],"select_from_Prerequisites_language":["Prerequisites"],"_select_from_Prerequisites_language":["field_6447c76c84618"],"Prerequisites":["None"],"_Prerequisites":["field_664a8078df416"],"Course_Content":["Course Content"],"_Course_Content":["field_664892bc7a322"],"add_course_content":[""],"_add_course_content":["field_664a842c9b2b8"],"Features":["Course Features"],"_Features":["field_664a88b548af2"],"add_course_feautres":["<strong>Planned learning activities and teaching methods<\/strong>\r\nLectures; in-class discussion and debates; in-class exercises; problem sets; team work; video case studies, team presentations, interactive online learning via Moodle (quizzes, assignments, forums)\r\n\r\n<strong>Assessment methods and criteria<\/strong>\r\n20% Class Participation\r\n80% Final Exam\/Assignment\r\n\r\n<strong>Instruction Language<\/strong>\r\nEnglish\r\n\r\n<strong>Work placement(s)<\/strong>\r\nNot applicable"],"_add_course_feautres":["field_664a89441aacf"],"read_choice_lang":["Readings"],"_read_choice_lang":["field_664a8c0bc9898"],"feature_image_program":[""],"_feature_image_program":["field_668bbb4805cdb"],"return_to_the_program":["<a href=\"https:\/\/www.uol.ac.cy\/en\/program\/mba-program\/\">Return to the program<\/a>"],"_return_to_the_program":["field_668ff14d984ef"],"ast-site-content-layout":["default"],"site-content-style":["default"],"site-sidebar-style":["default"],"astra-migrate-meta-layouts":["set"],"stick-header-meta":["default"],"_uag_css_file_name":["uag-css-6488.css"],"_elementor_page_assets":["a:0:{}"],"_uag_page_assets":["a:9:{s:3:\"css\";s:263:\".uag-blocks-common-selector{z-index:var(--z-index-desktop) !important}@media (max-width: 976px){.uag-blocks-common-selector{z-index:var(--z-index-tablet) !important}}@media (max-width: 767px){.uag-blocks-common-selector{z-index:var(--z-index-mobile) !important}}\n\";s:2:\"js\";s:0:\"\";s:18:\"current_block_list\";a:1:{i:0;s:11:\"core\/search\";}s:8:\"uag_flag\";b:0;s:11:\"uag_version\";s:10:\"1775228666\";s:6:\"gfonts\";a:0:{}s:10:\"gfonts_url\";s:0:\"\";s:12:\"gfonts_files\";a:0:{}s:14:\"uag_faq_layout\";b:0;}"]},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"trp-custom-language-flag":false},"uagb_author_info":{"display_name":"p.efstathiou@uol.ac.cy","author_link":"https:\/\/www.uol.ac.cy\/en\/author\/"},"uagb_comment_info":0,"uagb_excerpt":null,"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/courses\/6488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/courses"}],"about":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/types\/courses"}],"version-history":[{"count":0,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/courses\/6488\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/media?parent=6488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}