Learning outcome
The first objective of the course is to convey an analytical understanding of government intervention in energy markets, commencing with sessions on the principles and methods of energy regulation, followed by sessions on principles and methods of energy taxation. The next step consists of sessions on energy policy in some selected major countries, energy planning and energy privatisation.

The second objective of the module is to convey a comprehensive understanding of the challenges and options for energy company strategies. The course commences with sessions on portfolio management, mergers and acquisitions, alliances and joint ventures, and strategies for vertical and horizontal integration. The follow-up consists of sessions on the internationalisation of the energy business and, finally, on the role of financial markets and energy industry restructuring.

Prerequisites
Bachelor degree or equivalent and work experience. Please consult our Student regulations.

Compulsory reading
Books:
Al-Kasim, Farouk. 2006. Managing petroleum resources : the "Norwegian model" in a broad perspective. Oxford Institute for Energy Studies. pp. 121-135, 149-156
Dahl, Carol A. 2004. International energy markets : understanding pricing, policies, and profits. PennWell. pp. 279-312
Ebel, Robert E. 2005. China’s Energy Future : the Middle Kingdom seeks its place in the sun. CSIS Press. 86 p
Ebel, Robert E. 2009. The geopolitics of Russian energy : looking back, looking forward. CSIS Press
Maugeri, Leonardo. 2008. The age of oil : the mythology, history and future of the world's most controversial resource. The Lyons Press. pp. 93-200
Maugeri, Leonardo. 2008. The age of oil : the mythology, history and future of the world's most controversial resource. The Lyons Press. pp. 93-200
Noreng, Øystein. 2006. Crude power : politics and the oil market. New ed. I.B. Tauris. pp. 1-102
Rutledge, Ian. 2005. Addicted to oil : America's relentless drive for energy security. I.B. Tauris. pp. 1-20, 37-68, 120-157

Recommended reading

Course outline
General Introduction
Energy policy: country case studies
Energy market regulation
Energy taxation
Technical Challenges for Industry Contractors
Risk Management
Energy Policy – Mexico
Energy Policy – Brazil
Energy Policy – Russia

Computer-based tools
It's Learning

Learning process and workload
Sessions include lectures, seminars and group work.

Examination
The students are evaluated by an individual term paper (100%) accounting for 5 credits.

The deadline for delivery is six weeks after the module.

Examination code(s)
GRA 81551 - Term Paper, accounts for 100 % to pass the program GRA 8155, 5 credits

The course is a part of a full Executive Master of Business Administration Program in Energy Management and all evaluations must be passed to obtain a certificate for the degree.

Examination support materials


Re-sit examination
At the next ordinary exam.

Additional information
Re-takes are only possible at the next time a course will be held. When course evaluation consists of class participation or process elements, the whole course must be re-evaluated when a student wants to retake a exam. Retake examinations entail an extra examination fee.