Vendor and Procurement Fraud

Nov 16, 2022 12:25pm ‐ Nov 16, 2022 1:40pm

Identification: OIL2214

This session will cover conflict of interest and fraud aspects of a vendor relationship. The presenters will walk through the vendor relationship starting with the procurement process through ongoing vendor compliance, discuss key aspects of a vendor service agreement, and point out potential fraud and conflict of interest issues common to vendor relationships.

Learning Objectives:
  • Identify potential conflicts of interest
  • Recognize how to identify red flags for potential fraud risks
Category: Concurrent Session (Onsite and Online)

Consolidation and Capital Market Transactions and Trends

Nov 16, 2022 12:25pm ‐ Nov 16, 2022 1:40pm

Identification: OIL2215

Overview of the energy capital markets and transaction market trends.  Where has the market been and where are we going?

Learning Objectives:
  • Assess how the E&P investor preferences in equities versus higher yielding instruments are impacting acquisition/ divestiture trends
  • Identify how consolidations are affecting specific basin within the US
Category: Concurrent Session (Onsite and Online)

Managing Technology Disruption, presented by Grant Thornton

Nov 16, 2022 1:55pm ‐ Nov 16, 2022 2:45pm

Identification: OIL22SS01

Disruptive industry market forces and the need to increase margins means embracing industry transformation strategies. Understanding and optimizing your technology foundation is critical to defining an achievable transformation strategy roadmap. Identifying the mix of multiple technologies and developing a plan for execution can position your business for future growth.

Learning Objectives:
  • Recognize new technologies that support information technology and finance transformation
  • Identify the types of technologies and execution plan to support your business
Category: Concurrent Session (Onsite and Online)

45Q (CCS): Relevant Updates Post - Final Regulations

Nov 16, 2022 3:15pm ‐ Nov 16, 2022 4:05pm

Identification: OIL2217

This session will include a general discussion of the section 45Q regulations and the recent changes to section 45Q as a result of the Inflation Reduction Act.  

Learning Objectives:
  • Identify the general requirements to qualify for the section 45Q tax credit (i.e., statutory and regulatory requirements)
  • Recognize the changes to section 45Q as a result of the Inflation Reduction Act
  • Determine the various ways to monetize the section 45Q tax credits (i.e., tax equity, direct pay, transferability)
  • Identify additional section 45Q guidance from IRS/Treasury that may be on the horizon
Category: Concurrent Session (Onsite and Online)

Accounting and Strategy for Carbon Credits

Nov 16, 2022 3:15pm ‐ Nov 16, 2022 4:05pm

Identification: OIL2218

During this session participants will learn how Carbon Credits/Offsets are created, tracked and acquired. We will also discuss existing accounting models for such instruments, including classification on the balance sheet, revenue recognition as well as matters relating to the initial and subsequent measurement. 

Learning Objectives:
  • Recognize the basics and background of carbon credit markets
  • Identify the existing accounting models for balance sheet classification of carbon credits
  • Distinguish main considerations relating to the revenue recognition and initial and subsequent measurement of carbon credit
  • Determine main lease and derivative considerations for carbon credits
Category: Concurrent Session (Onsite and Online)

Shared Services Trends: Lessons in Resiliency and Growth

Nov 16, 2022 3:15pm ‐ Nov 16, 2022 4:05pm

Identification: OIL2219

The session will examine recent trends in shared services with focused discussion on what we've learned during the pandemic in terms of resiliency and growth. Shared services organizations can help to drive finance and broader organization strategies. We will explore how to do this through expanding digital initiatives, driving efficiency, and unlocking business value. The session will include cross-industry trends as well as first-hand learnings from the Halliburton global shared service journey.

Learning Objectives:
  • Determine how oil and gas companies are effectively using shared services
  • Identify the benefits and opportunities for shared services in oil and gas
  • Assess the attributes and value driven by more advanced shared service strategies
Category: Concurrent Session (Onsite and Online)

Year-End Energy Tax Update

Nov 16, 2022 4:20pm ‐ Nov 16, 2022 5:10pm

Identification: OIL2220

Review of 2022 tax law changes related to the Tax Cuts and Jobs Act (TCJA) and Inflation Reduction Act (IRA)

Learning Objectives:
  • Identify energy tax implications of new 2022 tax law changes related to Tax Cuts and Jobs Act (TCJA)
  • Recognize energy tax implications of new 2022 tax law changes related to 2022 Inflation Reduction Act (IRA)
Category: Concurrent Session (Onsite and Online)

Financial Reporting and Accounting Update

Nov 16, 2022 4:20pm ‐ Nov 16, 2022 5:10pm

Identification: OIL2221

This session will explore relevant topics in financial reporting and accounting for entities in the oil and gas industry.

Learning Objectives:
  • Assess recent accounting pronouncements and potential considerations for oil and gas companies
  • Identify ongoing projects on the FASB's agenda and relevant status updates
  • Recognize trends and observations from SEC activities and staff comments and speeches that may affect oil and gas entities
Category: Concurrent Session (Onsite and Online)