Petroleum Economics Assignment

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PEEN4001 Petroleum Economics, Risk and Project Management
ASSIGNMENT 1A: PETROLEUM ECONOMICS ASSIGNMENT 2018
Individual Research Report
Objective:
The object of this assignment is to examine the business of three petroleum companies
specialising in natural gas (e.g. shale gas, pipelined gas and/or LNG*
) industry. The companies
are operating in Asia-Pacific and North America regions. Their operations include both
upstream (exploration, extraction, production and shipping) and downstream (distribution to
industrial and power generators & utilities supplying residential/commercial consumers,
petrochemicals refinery companies). You are required to create an independent analysis report
describing the companies’ activities and discuss the pros and cons of investing in them based
on your expectations in terms of prospect for global and regional energy (especially natural gas)
markets development over the next two decades, taking supply/demand and other fundamental
petroleum/energy economic theories (e.g. market/industry structure) you have learned in this
course into account.
*
Liquefied natural gas
Task (100 marks):
You are working as an equity market analyst for a major investment banking firm specialising
in the international Oil and Gas Industry. At a recent Australia Oil and Gas Club meeting, you
exchanged business cards with someone who expressed a keen interest to invest a “substantial”
sum of money buying stocks in the natural resources sector. A subsequent follow up phone
conversation confirms this is a genuine opportunity which, if handled correctly, will lead to a
significant amount of business for your sales and trading team. Your bonus is linked to the
volume of transactions your sales people generate and your dreams of a beachfront villa seem
to move one step nearer.
You decide to create a professional written report which analyses the business model and
strategic direction of several listed natural resources companies operating in natural gas industry
in Asia Pacific and NA regions. You know that the investor is interested in holding a balanced
portfolio of investments so you choose companies having varied exposure to different parts of
the natural gas value chain, different geographical regions, different hydrocarbon types,
different legal and regulatory frameworks in energy market and different consumers and so on.
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You have already selected one Australian oil and gas company, Woodside. Based on your
findings, you will pick two more companies to complete the portfolio which complements the
existing stock. You should give consideration to your expectations regarding changes to oil and
gas prices (consider a variety of factors influencing global and regional energy markets) and
how this might impact the companies in your portfolio.
Evaluation criteria
The report should be no more than 2500 words in length excluding the executive summary and
references. Your report should include the following elements:
a) A one-page executive summary at the beginning of your paper. (10 marks)|
b) A clear introduction setting out the context and purpose of your report, taking into account
the intended recipient to whom it is being distributed. (15 marks)
c) A clear, focused description of the strategy and financial position of the companies today
and how this might evolve in the future. (20 marks)
d) The identification and use of key sources of data and evidence relevant to understanding
the issues and their implications. (10 marks)
e) An analysis of the data which utilises appropriate economic theory to gain insights into
the likely impact on company performance. (20 marks)
f) A conclusion that includes recommendations to address any issues identified. (10 marks)
g) Appropriate citations of data sources and a list of bibliographies consulted for your work.
(10 marks)
h) Format/layout. (5 marks)
Expectations for written work:
The Individual Research Project Assignment has strict format requirements, which must be
adhered to, and it should observe all appropriate conventions for academic writing, including
correct referencing. You are welcome to use charts and tables as visual aids but if you do so,
they should be integrated into the discussion of evidence and/or analysis of your report.
Appendices may be attached to your paper – but they will NOT be considered for assessment
purposes.
Note: you should not reference lecture notes in your assignments; you should consult the
original material that the lectures were based upon and cite those sources accordingly. The
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assignment is meant to give you time to put your thoughts in a reflective manner. Your work
should show your ability to work independently, do research, think about what you read, offer
your constructively devised opinions and draw the unit material together. Some overall
assignment criteria for you to meet in submitted work include:
– a careful dissection of the question;
– capability of data collection and analysis;
– coherent and logical organisation of information;
– clear presentation;
– conciseness and precision;
– ability to enable the reader to comprehend what is being argued;
– ability to make comparative evaluations in your own words;
– breadth of understanding;
– originality/creativity; and
– ability to capture the attention of the reader.
Due date:
The due date for the assignment is Friday 20th April 2018. You must submit your assignment
through Turnitin in blackboard by 23:59 (AWST) on this date. The hard copy of the assignment
should also be submitted to Assignments Office in Building 204, Level 2, on or before 20th
April by 4:00 pm.

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