GSU1 Global Energy

GSU1 Global Energy

Course code: 
Course name: 
Global Energy
Program of study: 
Master of Science in Sustainable Energy Logistics
Course name in Norwegian Bokmål: 
Global Energy
Course name in Norwegian Nynorsk: 
Global Energy
Level of study: 
Teaching semester: 
2017 Spring
Assessment semester: 
2017 Spring
Language of instruction: 
Language of examination: 
Language of litterature: 
Recommended previous knowledge

Equivalent to requirements for the MSc program in logistics, basic micro economics.

Course content

The aim of the course is to give students a comprehensive grounding in all aspects of the world oil and gas industry as well as understanding of other sectors of world energy complex. The course comprises background information on distribution, production and consumption of hydrocarbon resources in the world, world energy markets, oil and gas value chain, world oil and gas trade movements, producing and importing countries, international organizations that constitute the global energy space, the basics of national energy policies and energy security issues, geopolitical risks and opportunities, and an forecasts of the world energy complex. Also profound information is given on Russian oil and energy complex, Russian gas industry including Gazprom and independent gas producers, national oil and gas companies, Russian pipeline infrastructure - both domestic and export, Russian energy strategy to 2030.

Learning outcome

After having completed the course students will be able to understand the activities of world oil and gas industry; analyse world as well as national energy balances; describe the principles of energy markets functioning; perform the estimation of world and national energy resources, supply and demand; analyze oil and gas value chain; describe the challenges and risks in world oil and gas trade including volatility of oil prices and peculiarities of gas pricing; describe the activities of international energy organizations; identify the basics of national energy policies and energy security issues, geopolitical risks and opportunities; analyze the long-term forecasts of the world energy complex.

Working and learning activities

The course will be taught intensive, from Monday to Friday, lasting for two weeks with 2-3 hours of classes per day. The instruction will be a mix of lectures, assignments, group work and discussions.


Relevant litterature:

Ergin, D.: The Prize – An Epic Quest for Oil, Money and Power, New York, Free Press, 2008.
The Quest – Energy, Security and the Remaking of the Modern World, England, Penguin Books, 2012.

Form of assessmentGroupingDurationType of durationGrading scaleProportionCommentSupported materialSupport material
School assessmentIndividual3hoursLetter (A - F)100 Only general dictionary in mother tongue/Norwegian/English in paper version
Form of assessment:School assessment
Type of duration:hours
Grading scale:Letter (A - F)
Supported material:
Support material:Only general dictionary in mother tongue/Norwegian/English in paper version