Oil & Gas GRC: Strategic Approaches for Industry Leaders

Name: Oil & Gas GRC: Strategic Approaches for Industry Leaders
Rating: 4.8 (150 reviews)

Provided by: Agile Leaders Learning and Development Department.

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Oil & Gas GRC: Strategic Approaches for Industry Leaders

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Course Overview:

In the highly regulated and high-stakes world of the oil and gas sector, it is crucial to master Governance, Risk Management, and Compliance (GRC) for ensuring operational sustainability and maintaining global competitiveness. This specialized training course equips executives and managers with the necessary skills to implement integrated GRC strategies that meet international energy regulations, environmental standards, and safety requirements.
Participants will delve into industry-specific risks—including regulatory non-compliance, geopolitical instability, HSE liabilities, and corruption vulnerabilities—while acquiring tools to establish resilient governance frameworks, enhance compliance processes, and predict future risk scenarios specific to oil and gas companies.

Target Audience:

Executives and Senior Leaders in Oil & Gas Companies
Corporate Governance Officers
Health, Safety, Environment & Quality (HSEQ) Managers
Legal, Compliance, and Ethics Officers
Risk Managers and Internal Auditors
Financial Controllers & Strategy Planners
Asset Integrity and Operations Managers

Relevant Departments:

Risk & Compliance
Health, Safety, and Environment (HSE)
Corporate Governance & Legal Affairs
Finance & Internal Audit
Asset Management & Operations
Human Resources (for Ethics & Culture Programs)
Strategy & Business Development

Targeted Industries:

Upstream, Midstream, and Downstream Oil & Gas
Oilfield Services and Engineering Firms
Petrochemical Manufacturers
LNG and Refinery Operations
Energy Trading & Logistics Companies

Course Offerings:

In The End Of This Course, Participants will Able to:

Implement governance frameworks aligned with the petroleum sector realities
Integrate risk management with asset integrity, pipeline operations, and field safety
Apply compliance measures for international oil regulations (e.g., FCPA, EITI, ESG standards)
Examine ethical concerns and corruption risks in joint ventures and partnerships
Design resilient internal control systems post-SOX and IFRS standards
Assess the impact of board decisions on operational risk and stakeholder trust
Navigate CEO accountability, compensation, and investor expectations in volatile markets

Training Methodology:

Interactive industry case studies (e.g., Deepwater Horizon, Petrobras scandal)
Group discussions on regulatory frameworks like FCPA, ESG, SOX in O&G
Scenario simulations (e.g., oil spill response, cyberattacks on SCADA systems)
Hands-on risk mapping and control testing exercises

Course Toolbox:

GRC ebook customized for oil & gas challenges
ESG compliance tracker templates
Case studies on asset risk and regulatory fines in oil majors
Internal audit & board reporting frameworks

Course Agenda:

Day 1: GRC Foundations in the Energy Sector

Topic 1: What GRC Means in Oil & Gas: Frameworks, Risks & Global Trends
Topic 2: Safety Culture & Integrity Systems: The Heart of Governance
Topic 3: Failures & Consequences: Historical Industry Governance Breakdowns
Topic 4: Learning from Excellence: Companies Leading in GRC Innovation
Topic 5: Transparency Mandates: ESG, Anti-Corruption, and Reporting Demands
Reflection & Review: Understanding Energy GRC Systems and Sectoral Impact

Day 2: Ethics, Compliance, and Regulatory Pressures

Topic 1: Ethics Under Pressure: Managing Compliance in High-Risk Environments
Topic 2: Tone at the Top in Exploration & Drilling Divisions
Topic 3: Financial & Reputational Costs of Regulatory Non-Compliance
Topic 4: Case Studies: BP, Shell, Petrobras & Lessons from Penalties
Topic 5: Compliance Efficiency: Local Adaptation vs. Global Standards
Reflection & Review: Evaluating Sector Compliance Strategies and Ethics

Day 3: Risk Management in Complex Oil & Gas Operations

Topic 1: Categorizing Risks: HSE, Political, Financial, Cyber, and Operational
Topic 2: ERM Frameworks Tailored to Oil & Gas Assets
Topic 3: Real-World Cases: Pipeline Explosions, Oil Spills, and Supplier Risks
Topic 4: Integrating SCADA Security & Asset Management into ERM
Topic 5: SOX 404, IFRS, and Their Impact on Financial Controls
Reflection & Review: Managing Risks Across the Upstream to Downstream Chain

Day 4: Boardroom Governance and Strategic Leadership

Topic 1: Board Responsibilities in Joint Ventures & Multinational Projects
Topic 2: Governance in Crisis: Response Planning for Industrial Disasters
Topic 3: Executive Compensation in the Energy Sector: Trends & Pitfalls
Topic 4: Regulatory Oversight vs. Shareholder Pressures
Topic 5: Linking Performance Metrics to Safety, Sustainability & Profitability
Reflection & Review: Aligning Strategy, Governance & Risk in Energy Projects

Day 5: Governance Innovation and Industry Outlook

Topic 1: Shareholder Activism and ESG in Oil & Gas: Emerging Power Centers
Topic 2: Governance Trends: Decentralized Boards, AI, and Globalization
Topic 3: The Future of Director Accountability and Proxy Access
Topic 4: Preventing Scandals: Whistleblowing, Audit Committees, and Vigilance
Topic 5: Forecasting Risks: Climate, Renewables, and Global Policy Shifts
Reflection & Review: Future-Ready GRC Leadership in Oil & Gas Firms

How This Course is Different from Other GRC Courses:

This course distinguishes itself by concentrating specifically on governance, risk management, and compliance (GRC) within the oil and gas industry. It blends general best practices with insights specific to sector challenges, including environmental regulations, anti-corruption laws, health, safety, and environmental (HSE) standards, as well as geopolitical risks. Participants leave equipped with practical tools and knowledge through case studies that reflect the actual scenarios encountered by energy companies. Covering everything from SOX 404 compliance to managing ESG pressures and crisis strategies, this program offers unique depth and breadth compared to standard GRC courses.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center