Pideya Learning Academy

Energy Contracts and Insurance Essentials

Upcoming Schedules

  • Live Online Training
  • Classroom Training

Date Venue Duration Fee (USD)
10 Feb - 19 Feb 2025 Live Online 10 Day 5250
24 Mar - 02 Apr 2025 Live Online 10 Day 5250
26 May - 04 Jun 2025 Live Online 10 Day 5250
16 Jun - 25 Jun 2025 Live Online 10 Day 5250
07 Jul - 16 Jul 2025 Live Online 10 Day 5250
25 Aug - 03 Sep 2025 Live Online 10 Day 5250
20 Oct - 29 Oct 2025 Live Online 10 Day 5250
08 Dec - 17 Dec 2025 Live Online 10 Day 5250

Course Overview

As the global demand for energy continues to rise, the complexity of managing energy projects has grown exponentially. Organizations involved in oil, gas, and renewable energy projects face an evolving risk landscape, tight regulatory frameworks, and the critical need for well-structured contractual and insurance frameworks. The course Energy Contracts and Insurance Essentials combines the foundational and advanced elements of two strategic domains—energy contracts and energy insurance—offering participants a comprehensive, industry-relevant curriculum.
According to the International Energy Agency (IEA), global energy demand is expected to increase by 25% by 2040. Simultaneously, the energy sector is seeing increased volatility with supply chain disruptions, price fluctuations, and geopolitical tensions. These factors underscore the need for robust energy contracts that are flexible, risk-sensitive, and aligned with strategic corporate goals. Similarly, energy insurance is vital to safeguarding capital-intensive projects from financial losses due to operational, environmental, cyber, or liability risks. In fact, recent data from the Marsh Global Energy Risk Engineering Report suggests that over 70% of large-scale energy projects face financial risks from underinsurance or poorly structured risk-transfer mechanisms.
This course equips professionals with the necessary expertise to navigate, negotiate, and manage various energy contracts, from upstream production sharing contracts to downstream power purchase agreements. Simultaneously, it provides deep insights into energy insurance fundamentals, covering asset coverage, liability, cyber risks, offshore and renewable projects, and the importance of regulatory compliance.
Participants will gain strategic understanding and analytical tools to assess contract structures, minimize liabilities, and ensure comprehensive coverage for diverse energy operations. This holistic approach enables organizations to optimize performance, enhance legal compliance, and protect investments in a volatile energy environment.
Key highlights of this training include:
In-depth exploration of upstream, midstream, and downstream energy contract types.
Practical approaches to structuring gas, LNG, and power purchase agreements.
A clear understanding of EPC, EPCM, and alliance contracts including risk allocation and key performance clauses.
Coverage of energy-specific insurance policies including asset, liability, and cyber insurance.
Focus on regulatory alignment, claims management, dispute resolution, and underwriting strategies.
Real-world case studies showcasing lessons from past contractual and insurance failures and successes.
A unique combination of legal, financial, and operational insights tailored to the energy industry.
This integrated course empowers professionals with essential tools to manage contracts and insurance programs that align with industry standards and organizational risk profiles.

Key Takeaways:

  • In-depth exploration of upstream, midstream, and downstream energy contract types.
  • Practical approaches to structuring gas, LNG, and power purchase agreements.
  • A clear understanding of EPC, EPCM, and alliance contracts including risk allocation and key performance clauses.
  • Coverage of energy-specific insurance policies including asset, liability, and cyber insurance.
  • Focus on regulatory alignment, claims management, dispute resolution, and underwriting strategies.
  • Real-world case studies showcasing lessons from past contractual and insurance failures and successes.
  • A unique combination of legal, financial, and operational insights tailored to the energy industry.
  • In-depth exploration of upstream, midstream, and downstream energy contract types.
  • Practical approaches to structuring gas, LNG, and power purchase agreements.
  • A clear understanding of EPC, EPCM, and alliance contracts including risk allocation and key performance clauses.
  • Coverage of energy-specific insurance policies including asset, liability, and cyber insurance.
  • Focus on regulatory alignment, claims management, dispute resolution, and underwriting strategies.
  • Real-world case studies showcasing lessons from past contractual and insurance failures and successes.
  • A unique combination of legal, financial, and operational insights tailored to the energy industry.

Course Objectives

By the end of this course, participants will be able to:
Understand and interpret the structure of energy contracts and insurance products.
Identify and assess key risks across energy value chains and mitigate them through contractual and insurance mechanisms.
Analyze upstream and downstream contractual frameworks, including service contracts, joint ventures, and charter agreements.
Structure insurance policies tailored to asset protection, liability management, cyber threats, and renewable projects.
Evaluate contract performance clauses, regulatory impacts, and dispute resolution processes.
Align insurance and contract strategies with organizational goals and compliance requirements.

Personal Benefits

Participants will be able to:
Develop confidence in navigating energy contracts and insurance documentation.
Strengthen strategic thinking regarding contract lifecycle and risk mitigation.
Improve decision-making on policy structuring, coverage selection, and contract terms.
Build cross-functional knowledge valuable for career growth in the energy sector.
Gain awareness of current trends in energy markets and insurance innovation.

Organisational Benefits

Who Should Attend

This course is ideal for professionals across the energy industry, particularly:
Contracts Managers and Commercial Advisors
Project Managers and Asset Owners
Risk Managers and Insurance Coordinators
Procurement and Supply Chain Specialists
Financial Analysts and Legal Counsel
Executives in Oil & Gas, Renewable Energy, Utilities, and Infrastructure

Course Outline

Module 1: Introduction to Energy Contracts and Insurance
Overview of energy contracts and insurance in the global energy sector Importance of contracts and insurance in energy project success Key players and stakeholders in energy agreements and risk management Evolution of energy insurance markets and contractual frameworks Definitions, terminologies, and regulatory landscape Ethics, environmental, and socio-economic considerations Business and energy law foundations impacting agreements and policies
Module 2: Energy Laws, Policy, and Regulatory Compliance
Overview of international and national energy laws Policy-making and regulatory frameworks across energy sectors Compliance with environmental and safety standards Navigating legal obligations in insurance and contractual arrangements Insurance requirements for international projects Impact of regulatory changes on energy operations and coverage
Module 3: Renewable Energy Contracts and Insurance
Contractual structures in solar, wind, and hydro energy projects Regulatory compliance and policy alignment for renewable ventures Insurance for renewable energy technologies and project-specific risks Financial protection against energy resource variability Risk mitigation strategies for investors and developers
Module 4: Upstream, Midstream, and Downstream Contracts
Oil and gas concessions and licensing Production sharing agreements (PSAs) and service contracts Joint operating agreements (JOAs) and joint ventures Transportation and storage agreements (pipelines, LNG terminals) Decommissioning clauses and obligations in upstream contracts
Module 5: Core Energy Agreements and Clauses
Gas Sale Agreements (GSAs) and LNG Sale and Purchase Agreements (SPAs) Power Purchase Agreements (PPAs) and Take-or-Pay Agreements Time Charter Party Agreements and Terminal Use Agreements Key clauses: performance metrics, liquidated damages, indemnity provisions Understanding risk allocation and dispute avoidance clauses
Module 6: Risk-Based Contracting Approaches
EPC, EPCM, and Alliance contract models explained Essential elements of engineering and procurement contracts Contractual risk assessment and performance guarantees Customizing contracts based on risk profiles and operational needs Lessons from failed and successful risk-managed agreements
Module 7: Energy Risk Assessment and Management
Identifying risks across exploration, production, and distribution Financial implications of operational and environmental risks Qualitative vs. quantitative risk assessment tools Integrating insurance and contract risk management Role of analytics and modeling in energy sector risk mitigation
Module 8: Energy Insurance Products and Coverage Types
Property, liability, and specialty insurance coverage explained Coverage for onshore vs. offshore energy operations Insurance solutions for contractors and suppliers Excess, umbrella, and bundled policies for comprehensive protection Insurance for technological risks in renewable energy
Module 9: Underwriting and Policy Structuring
The underwriting process and key influencing factors Structuring policies based on energy project characteristics Customizing insurance endorsements and wordings Negotiating terms that complement contractual obligations Best practices from case studies in underwriting strategy
Module 10: Energy Asset and Infrastructure Insurance
Insuring rigs, refineries, pipelines, and transmission systems Machinery breakdown and business interruption coverage Claims associated with asset damage or equipment failure Preventive inspections, asset lifecycle considerations Risk control and maintenance alignment with insurance policies
Module 11: Liability and Environmental Risk Insurance
General, pollution, and environmental liability insurance Legal aspects of energy-related incidents and regulatory breaches Claims management for environmental events and third-party damages Public liability and cleanup cost coverage Real-world case studies on liability exposure and resolution
Module 12: Offshore, Marine, and Cyber Insurance
Insurance for offshore platforms, vessels, and marine cargo Coverage for salvage, wreck removal, and pollution liabilities Marine endorsements and compliance with international maritime law Cyber threats in energy operations and digital asset coverage Assessing vulnerabilities and structuring cyber insurance policies
Module 13: Claims Management and Dispute Resolution
Claims submission procedures and documentation Dispute resolution mechanisms in insurance and contracts Managing high-value and complex energy claims Role of adjusters and legal teams in settlement negotiations Case studies of successful claims recovery and lessons learned
Module 14: Captive Insurance and Alternative Risk Transfer
Captive insurance structures and strategic advantages Alternative risk transfer (ART) instruments in the energy sector Financial and tax considerations in self-insurance Integrating captives with contractual risk strategies Examples of successful captive implementations
Module 15: Insurance for Energy Project Financing
Role of insurance in securing investment and project funding Coverage for lenders, sponsors, and financial stakeholders Risk-sharing clauses and insurance in loan agreements Lender’s interest policies and their significance Financing case studies and insurance-backed risk allocation
Module 16: Crisis Management and Business Continuity
Role of insurance in managing natural and geopolitical disasters Business continuity planning for energy companies Supply chain disruption insurance and recovery strategies Integration of contractual clauses with insurance response Insights from industry-wide crises and corporate recovery models
Module 17: Future Trends in Energy Contracts and Insurance
Climate change impacts on energy insurance and contracting Innovations in underwriting and digital contract management Transition risks in energy shift toward renewables and hydrogen Predictive analytics in policy design and contract automation Emerging legal and insurance frameworks shaping the energy industry

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