Skip to content
Institute For Oil & Gas Training
OGI-1161 New

Scenario Planning for Energy Transition & Carbon Cost Training Course

Duration
5 days
CPD hours
15
Language
English
Next date
05 Oct 2026
View dates & register Download brochure

We use your details only to answer this enquiry. See our privacy policy.

Overview

Scenario Planning for Energy Transition & Carbon Cost Training Course from Institute For Oil & Gas Training develops the financial analysis capabilities required to evaluate uncertainty across changing energy markets, carbon economics and long-term portfolio decisions. Scenario Planning gives oil and gas organisations a structured method for assessing energy transition scenarios, testing financial exposure and strengthening investment decisions against different market, policy and technology conditions.

The energy sector is experiencing structural changes across demand, pricing, emissions policy, technology deployment, capital allocation and investor expectations. Oil and gas companies therefore require financial professionals who can translate transition assumptions into commercially meaningful scenarios and assess their implications for assets, projects, business units and portfolios. Traditional forecasting approaches based on a single long-term outlook do not provide sufficient visibility when market conditions are influenced by multiple interacting variables.

This course from Institute For Oil & Gas Training focuses on practical Scenario Planning techniques for energy transition analysis and carbon cost assessment. Participants examine how carbon price assumptions influence project economics, how emissions cost modelling affects operating and capital expenditure, and how demand destruction scenarios change revenue expectations. The course connects strategic scenario development with financial modelling, asset valuation, capital planning and portfolio resilience testing.

A central focus is the development of credible long-term price deck assumptions that reflect different transition pathways. Participants assess the financial implications of alternative commodity price trajectories, carbon costs, production profiles, demand changes and policy environments. This creates a stronger basis for investment committees, finance teams, strategy functions and asset managers when reviewing long-term projects and portfolios.

The programme also addresses stranded asset risk. Oil and gas assets with long economic lives require disciplined assessment of whether changing demand, carbon costs, technology, regulation and market preferences affect their future cash generation. Scenario analysis provides a structured basis for identifying assets with greater exposure to transition variables and for assessing the timing and scale of potential financial impacts.

The course examines how financial analysis supports capital reallocation decisions during periods of energy system transformation. Participants learn to compare investment cases across different scenarios, evaluate changes in expected returns and identify portfolio responses that preserve financial resilience. The approach supports decision-making without relying on a single assumed pathway for the future.

Transition risk disclosure is another important component. Organisations increasingly need robust processes for identifying, assessing and communicating climate-related financial risks. Participants explore how scenario assumptions, financial impacts, governance processes and risk analysis connect with recognised reporting frameworks and corporate disclosure practices.

Institute For Oil & Gas Training delivers the course for professionals who need to integrate financial analysis with strategic energy transition considerations. The content links scenario construction, carbon economics, commodity markets, project finance, asset valuation and corporate strategy into one practical analytical framework.

The course also addresses the relationship between scenario planning and corporate risk management. Participants examine how changes in assumptions influence revenue, operating costs, capital expenditure, asset values, cash flow and investment priorities. This creates a disciplined process for testing business plans rather than treating energy transition as a separate sustainability exercise.

The programme is particularly relevant to organisations managing upstream, midstream, downstream, integrated energy, refining, trading and energy infrastructure portfolios. It supports professionals responsible for long-term planning, financial modelling, corporate finance, investment appraisal, portfolio management, strategy, risk and sustainability reporting.

By the end of the course, participants establish a stronger connection between strategic scenarios and financial consequences. They gain practical capability in developing assumptions, constructing transition cases, evaluating carbon exposure, testing portfolio resilience and communicating financial implications to senior decision-makers.

Objectives

  • Develop practical Scenario Planning capabilities for oil and gas financial analysis

  • Build structured energy transition scenarios using commercially relevant assumptions

  • Evaluate carbon price assumptions and their effect on project and portfolio economics

  • Apply emissions cost modelling to operating and investment decisions

  • Assess demand destruction scenarios and their implications for long-term revenue

  • Identify financial exposure associated with stranded asset risk

  • Conduct portfolio resilience testing across alternative transition pathways

  • Develop robust long-term price deck assumptions for strategic planning

  • Analyse the relationship between commodity prices, carbon costs and asset economics

  • Strengthen capital reallocation decisions through scenario-based financial analysis

  • Integrate transition risk into corporate financial planning and risk management

  • Connect scenario analysis with transition risk disclosure requirements and recognised frameworks

  • Test investment cases against changing market, policy and technology assumptions

  • Improve communication of scenario results to senior management and investment committees

  • Strengthen cross-functional collaboration between finance, strategy, risk, operations and sustainability teams

  • Support more disciplined long-term capital planning across energy portfolios

Training methodology

Institute For Oil & Gas Training uses a practical corporate delivery model designed around the decisions faced by energy companies. The course combines expert-led discussion with applied exercises, financial analysis, scenario workshops, case studies and structured group activities.

Participants work with realistic oil and gas business situations involving commodity price changes, carbon cost escalation, demand shifts, production decline, technology disruption and changing investment priorities. The exercises demonstrate how individual assumptions influence financial outcomes and how different assumptions interact across an energy portfolio.

Scenario construction exercises form a central part of the programme. Participants develop alternative energy transition scenarios and identify the variables that drive each scenario. These variables include commodity prices, carbon price assumptions, demand growth, demand destruction scenarios, production levels, operating expenditure, capital expenditure and technology adoption.

Financial modelling exercises then translate those assumptions into commercial consequences. Participants examine revenue, cash flow, project economics, asset values and portfolio exposure under alternative conditions. This provides a practical understanding of emissions cost modelling and its role in investment analysis.

Case studies are used to examine stranded asset risk and portfolio resilience testing. Participants review hypothetical investment portfolios and assess how changes in market and policy assumptions affect individual assets and overall portfolio performance.

Group exercises focus on capital reallocation decisions. Participants consider how an organisation can assess competing investments when long-term assumptions are uncertain. The exercises encourage cross-functional thinking between finance, strategy, operations, risk and sustainability functions.

The course also uses scenario comparison workshops to distinguish between base cases, transition cases and more disruptive market conditions. Participants examine the strengths and limitations of different assumptions and develop transparent analytical processes that senior management can review.

Reporting exercises address transition risk disclosure. Participants consider how scenario analysis supports the identification and communication of material climate-related financial risks. The focus remains on practical application, evidence-based analysis and clear management reporting.

The delivery approach encourages participants to challenge assumptions, test sensitivities and understand the financial consequences of different strategic pathways. This makes the programme directly applicable to corporate planning cycles, investment reviews, risk assessments and portfolio discussions.

Organisational impact

Scenario Planning strengthens the quality of long-term financial decisions by allowing organisations to evaluate multiple potential market conditions instead of relying exclusively on a single forecast. This provides management teams with a structured basis for understanding how changing assumptions affect projects, assets and portfolios.

The course improves the organisation's ability to evaluate carbon exposure. Carbon price assumptions can influence operating costs, project economics, asset valuations and investment priorities. Effective emissions cost modelling provides finance and strategy teams with a clearer view of these relationships.

Improved demand analysis also strengthens corporate planning. Demand destruction scenarios help organisations examine the financial implications of structural changes in energy consumption. This supports more disciplined assessment of production plans, capacity requirements, infrastructure investments and portfolio exposure.

The programme supports earlier identification of stranded asset risk. By testing assets under alternative price, demand and carbon assumptions, organisations gain greater visibility into areas where future cash generation depends on conditions that are subject to transition pressures.

Portfolio resilience testing strengthens enterprise risk management. Organisations can evaluate how different assets respond to alternative transition scenarios and identify concentrations of exposure across business units, commodities, geographies and project types.

The course also supports capital reallocation decisions. When investment portfolios contain projects with different transition sensitivities, scenario analysis provides a consistent financial framework for comparing their performance under alternative conditions. This strengthens the evidence available for investment committees and senior management.

More robust long-term price deck development improves planning consistency. Rather than treating price assumptions as isolated financial inputs, organisations can connect them to demand, carbon, technology and policy scenarios. This creates stronger alignment between strategic planning and financial modelling.

The programme contributes to improved transition risk disclosure processes by strengthening the underlying analysis used to identify and communicate climate-related financial exposures. Better scenario analysis also supports more consistent internal documentation of assumptions, sensitivities and financial impacts.

Cross-functional decision-making improves because Scenario Planning creates a common analytical language for finance, strategy, risk, operations and sustainability teams. The resulting analysis helps different functions understand how their assumptions affect the same investment or portfolio decision.

The organisational benefits extend to budgeting, business planning, investment appraisal and portfolio reviews. Scenario-based analysis provides management with a repeatable process for challenging assumptions and identifying areas that require additional investigation.

Personal impact

Participants develop stronger financial analysis capabilities for energy transition environments. They learn to translate strategic developments into financial assumptions and evaluate the resulting effects on cash flow, asset value, project economics and portfolio performance.

The course strengthens Scenario Planning skills by showing participants how to construct coherent scenarios, select relevant variables and test the interaction between market and transition assumptions.

Participants improve their ability to work with carbon price assumptions and emissions cost modelling. This supports more informed analysis of the financial consequences of carbon exposure across projects and assets.

Professionals also gain greater confidence in assessing demand destruction scenarios. They learn how changes in energy demand can influence production expectations, pricing assumptions, revenues and long-term investment requirements.

The programme strengthens understanding of stranded asset risk by connecting transition variables with asset economics and financial exposure. Participants gain a clearer framework for identifying assumptions that require sensitivity testing.

Portfolio resilience testing skills help attendees assess whether investment portfolios remain financially robust under different market conditions. This capability supports strategic planning, investment analysis and enterprise risk discussions.

Participants also improve their ability to develop and challenge a long-term price deck. They learn to examine whether long-term assumptions remain internally consistent with the broader scenario being assessed.

The course develops stronger decision-support capabilities for capital reallocation decisions. Attendees learn how to present scenario results clearly and connect analytical findings with investment priorities without treating a single scenario as a guaranteed outcome.

Participants gain greater awareness of transition risk disclosure and the importance of maintaining a clear connection between scenario assumptions, risk identification, financial analysis and corporate reporting.

For finance professionals, the course expands the ability to integrate strategic and sustainability-related variables into financial models. For strategy professionals, it strengthens the financial interpretation of energy transition scenarios. For risk and sustainability professionals, it improves understanding of how transition factors translate into financial consequences.

Who should attend

Finance Managers and Financial Analysts

Built for professionals responsible for financial modelling, forecasting, valuation, budgeting and long-term financial analysis across oil and gas operations.

Corporate Planning Professionals

Relevant for professionals responsible for business planning, strategic forecasting and long-term corporate assumptions who need to integrate energy transition variables into planning processes.

Strategy Managers and Strategy Directors

Designed for strategy professionals assessing portfolio positioning, market changes, investment priorities and long-term business resilience.

Investment and Portfolio Managers

Supports professionals evaluating project economics, portfolio exposure, investment cases and capital reallocation decisions across energy assets.

Risk Managers

Relevant for risk professionals assessing transition exposure, scenario sensitivities, enterprise risk and financial resilience.

Asset Managers

Supports professionals responsible for asset performance, investment planning, operating strategies and assessment of long-term asset exposure.

Commercial Managers

Useful for professionals evaluating market conditions, commodity pricing, commercial exposure and strategic implications of changing energy demand.

Sustainability and Climate Risk Professionals

Provides financial analysis skills for professionals connecting climate-related risks with business planning, scenario analysis and transition risk disclosure.

Petroleum Economists

Relevant for economists assessing commodity markets, production assumptions, energy demand, price forecasts and project economics.

Business Development Professionals

Supports professionals evaluating new investments, portfolio opportunities and strategic responses to changing energy market conditions.

Senior Finance and Strategy Executives

Designed for senior professionals who review strategic scenarios, investment proposals, portfolio exposure and long-term financial assumptions.

Cross-Functional Energy Teams

Suitable for multidisciplinary teams from finance, strategy, risk, commercial, operations and sustainability functions that require a shared approach to transition analysis.

Course outline

This module establishes the analytical foundations for Scenario Planning in the oil and gas sector. It examines how structural changes in energy demand, commodity markets, carbon policy, technology and investment conditions influence long-term financial planning.

  1. IFRS S2 Climate Disclosures

    • Provides a recognised framework for climate-related financial disclosures.

    • Focuses on identifying climate-related risks and opportunities relevant to financial decision-making.

    • Supports consideration of scenario analysis within climate-related financial risk assessment.

    • Provides useful context for linking transition assumptions with financial reporting information.

    Learning Outcomes

    • Explain the role of Scenario Planning in oil and gas financial analysis.

    • Identify major variables influencing energy transition scenarios.

    • Construct structured alternative scenarios using consistent assumptions.

    • Develop a long-term price deck aligned with scenario conditions.

    • Distinguish strategic assumptions from financial outputs.

This module examines how carbon costs influence financial performance across oil and gas assets and projects. Participants develop a structured approach to carbon price assumptions and emissions cost modelling and assess how those variables affect project economics and corporate planning.

  1. ISO 14064-1 Greenhouse Gases

    • Establishes principles and requirements for quantifying and reporting organisational greenhouse gas emissions.

    • Provides a recognised basis for structuring emissions inventories.

    • Supports reliable emissions information for financial and transition analysis.

    • Helps connect emissions data with internal carbon cost assessments.

    Learning Outcomes

    • Develop appropriate carbon price assumptions for scenario analysis.

    • Apply emissions cost modelling to financial assessments.

    • Evaluate the effect of carbon costs on project economics.

    • Identify material carbon-related financial sensitivities.

    • Integrate emissions considerations into investment analysis.

This module focuses on the financial consequences of structural demand changes and the potential exposure of long-life oil and gas assets. Participants analyse demand destruction scenarios and assess how changing market conditions influence revenues, asset values and investment decisions.

  1. IAS 36 Impairment of Assets

    • Establishes principles for assessing whether assets are impaired.

    • Requires consideration of indicators that affect recoverable amounts.

    • Provides relevant accounting context for assets exposed to changing economic assumptions.

    • Supports analysis of how adverse market conditions can affect asset values.

    Learning Outcomes

    • Construct demand destruction scenarios relevant to oil and gas portfolios.

    • Assess the relationship between demand changes and financial performance.

    • Identify factors contributing to stranded asset risk.

    • Evaluate asset value sensitivity under alternative assumptions.

    • Strengthen financial analysis of long-life projects and assets.

This module applies Scenario Planning to portfolio-level decision-making. Participants examine how alternative transition conditions affect investment portfolios and develop analytical approaches for portfolio resilience testing and capital reallocation decisions.

  1. ISO 31000 Risk Management

    • Provides principles and guidelines for effective risk management.

    • Supports systematic identification, analysis and evaluation of risks.

    • Provides a recognised structure for integrating risk analysis into decision-making.

    • Supports the use of scenario-based assessment within broader risk management processes.

    Learning Outcomes

    • Conduct portfolio resilience testing across alternative transition scenarios.

    • Identify areas of concentrated financial exposure.

    • Compare investment outcomes under different assumptions.

    • Support capital reallocation decisions with scenario-based evidence.

    • Integrate transition variables into broader portfolio risk analysis.

This module connects scenario analysis with corporate reporting, governance and strategic decision-making. Participants examine how transition risk analysis supports internal governance and transition risk disclosure while maintaining a clear link between assumptions, financial impacts and corporate strategy.

  1. TCFD Recommendations

    • Provide a recognised framework for climate-related financial disclosures.

    • Address governance, strategy, risk management and metrics and targets.

    • Highlight the relevance of scenario analysis to climate-related strategic assessment.

    • Provide useful context for structuring transition risk communication.

    Learning Outcomes

    • Explain how Scenario Planning supports transition risk disclosure.

    • Connect scenario assumptions with financial risk analysis.

    • Strengthen governance of transition-related financial assumptions.

    • Communicate scenario results clearly to senior management.

    • Integrate transition analysis into strategic financial planning.

Certificate

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon finishing the course.

The certificate is issued to participants who fulfil the course attendance requirement and complete the programme.

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,900

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,900

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,900

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £3,900

Fees include tuition, course materials and refreshments. Need different dates or a different city? Ask about your preferred date.

Frequently asked questions

What does the Scenario Planning course cover?

The course covers energy transition scenarios, carbon price assumptions, emissions cost modelling, demand destruction scenarios, stranded asset risk, portfolio resilience testing and capital reallocation decisions.

Who is this course designed for?

The course is designed for finance, strategy, investment, portfolio management, risk, commercial, asset management and sustainability professionals working across the oil and gas sector.

How is the course delivered?

Institute For Oil & Gas Training uses practical case studies, scenario exercises, financial analysis activities, simulations and group discussions based on realistic oil and gas business situations.

How does the course support financial decision-making?

The programme connects transition assumptions with commodity prices, carbon costs, demand changes, asset values, cash flow and portfolio exposure to strengthen evidence-based financial analysis.

What certificate is provided after completion?

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon finishing the course and fulfilling the required attendance requirement.

Next: 05 Oct 2026

4 dates available

Register Now

Related training courses

Get the training calendar in your inbox

New courses, dates and industry insight. No more than twice a month.