Texas Executive Education - The McCombs School of Business at The University of Texas
skip main site navigation go to current site section navigation
Texas Executive Education | Global Oil and Gas Accounting

Global Oil and Gas Accounting

Designed For

  • Individuals
    For executives, professionals, new leaders and small business owners
  • Organizations
    For teams of managers with common developmental needs in specific areas
Global Oil and Gas Accounting and Contracting Procedures


“The world’s energy system is at a crossroads. Current global trends in energy supply and consumption are patently unsustainable - environmentally, economically and socially.”  - Report published by the International Energy Agency (IEA)
The IEA ended their report with, “time is running out and the time to act is now.” Oil prices may not rise significantly in the near future, but temporary demand destruction doesn't hold a candle to permanent supply destruction. Adding to the problem, dramatically lower oil prices make projects uneconomical, and exploration and production are declining around the world.
This program presents an examination of the current accounting and financial environment and how world reserves, consumption, doing business internationally, accounting rules, disclosures and creditability all come into play. Participants investigate the accounting and financial aspects of international oil and gas operations, and gain a working knowledge of key oil and gas issues, techniques, practices and terminology. The program consists of the following parts:
  • Accounting for International Petroleum Operations
  • Accounting for International Contracts
  • Financial Management
  • Planning and Analysis


  • Discover how to make better accounting and financial decisions
  • Learn how we disclosure the reserves and use the data for financial purposes
  • Discuss the major contracts used on a world-wide basis and how they work
  • Understand the joint venture contracts and how they work
  • Realize accounting issues, problems and solutions with regard to GAAP/SEC vs. contract accounting vs. government accounting and so on.

Global Oil and Gas Accounting
November 7, 2014DoubleTree Hotel - Houston Intercontinental AirportEnroll  
8:30 a.m. - 4:30 p.m.
Wayne Scott
$ 1,395.00
$1,395 - Single Program $7,350 - Energy Certificate The program fee includes all materials, lunch and refreshments during breaks. Registration is not complete until payment is received.

Participants earn 0.7 CEUs and/or 7 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.