ENE421 Energy and Resource Industries

• Topics

  The course consists of a combination of lectures and guest lectures given by people from the natural resource and energy industry. Examples of companies that regularly give lectures in this course are Statkraft, Equinor, Nord Pool, Nasdaq, Rystad Energy, Lerøy Seafood, Kinect Energy to mention some. Among the topics that are taught can be mentioned:

  • Resource management
  • Certificates of origin for electricity
  • Fisheries and aquaculture
  • Financial and physical markets for electricity
  • Market analysis and energy portfolio management
  • Environmental issues in power production
  • Company strategy
  • Financial markets
  • Risk analysis
  • Climate regulation and carbon trading
  • Class discussion on the topics above and their common factor

  Since this is a course about energy and natural resources, sustainability is of fundamental importance during the whole course and in every lecture.

• Learning outcome

  Knowledge

  After completing the course the students are able to:

  • Understand theories and models that are actually used in real-world companies within the aquaculture sector, physical and financial market places for electricity, brokerage firms for energy, companies in derivative markets, the fishing sector, the green certificate market and the petroleum sector.
  • They will also have thorough understanding of how the issue of sustainability is treated by the companies.

  Skills

  After completing the course the students are able to apply models and methods that stem from real world companies within the ENE sector and which are used for:

  • Market analysis
  • Risk management
  • Environmental evaluation
  • Sustainability analysis and rating
  • Analysis and action in derivative markets
  • Strategic decisions
  • Management of renewable resources
  • Quota trading of CO2

  General Competence

  After completing the course the students are able to

  • Plan and perform projects related to various topics listed above.
  • Convey the results of such projects for their peers as well as their clients and third parties.
  • Discuss and solve problems related to the issues above either individually or in groups.

• Teaching

  Lectures twice a week; class discussions.

• Required prerequisites

  None

• Credit reduction due to overlap

  None.

• Compulsory Activity

  One compulsory assignment during the course. Presence at lectures.

• Assessment

  Individual home exam (100%). Duration 3 days, from 09:00 on day 1 until 14:00 on day 3.

• Grading Scale

  A - F.

• Literature

  To be announced later.

  Lecture notes and other material published on Canvas.

  Recommended readings:

  A list of recommended readings (books, articles and journals) will be available on Canvas.