This course is aimed at those who seek to establish or further their careers in the power, oil and gas, mining and alternative energy industries.
The energy industries, which include power, oil and gas, mining and renewable energy, are among the few that are growing worldwide, as the transition to a low carbon economy gathers pace. Demand will be high for managers with specific knowledge of these industries and the new challenges they face, such as decommissioning, IT impacts or regulated pricing. Our course aims to equip those who see promise and opportunity for themselves in this rapidly changing set of businesses.
The Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) is one of the few centres in UK universities with the background and specialist skills to offer such a course. Over the past few years it has been high successful in developing its teaching, research and industry contacts in management. Courses are designed in conjunction with industry specialists and industry related learning is a core element of all courses in the Centre.
The course aims are to develop the required knowledge, skills and other attributes (KSAs) that employers in the energy industries consider essential for managers to pursue their career ambitions. Participants will learn about the fundamentals of different energy industries, generic and sector specific management KSAs through classroom and work-based learning, which is facilitated by specialist academics and industry specialists.
Who should study this course?
This course suits graduates in any discipline who wish to widen their subject knowledge and career aspirations in the energy industries world-wide. The course is open to full time, part time and flexible learners.
Teaching Excellence Framework (TEF)
The University of Dundee has been given a Gold award – the highest possible rating – in the 2017 Teaching Excellence Framework (TEF).
How you will be taught
Modules start at the beginning of the academic session in September.
The course is taught predominantly in a student centred manner through seminars, workshops and work-based individual and group learning. This includes web-supported learning for full-time and part-time students.
How you will be assessed
Each module is assessed through coursework, typically a research paper or project, and a final examination. It is also assessed by a individual business project.
What you will study
Our MSc is made up of a total of 180 credits
Core business and management
The following modules must be completed (60 Credits)
The aim of this module is to develop the student’s critical understanding and application of models, approaches and tools for the management of complex energy and natural resources. The module examines the behaviours, contemporary influences and dilemmas within the practice of management in knowledge intensive organisations.
The principal aim of this course is to give an appropriate understanding of the published accounts of a company and their underlying principles, so that an effective contribution may be given to the senior financial management of an organisation. Particular emphasis is given to accounts of the extractive industries.
The aims of the module are to introduce the economic principles relevant for the energy sector, and to highlight some of the most challenging economic issues facing the global energy complex. The intended learning outcome of the module is an understanding of how economic analysis informs the national and international debates on energy sector issues, and how economics research affects energy sector decisions made by industry or government. The module is designed for an interdisciplinary audience. It is delivered through lectures and virtual direction. It is assessed through class participation, a research paper, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.
This module will introduce students to the complexities of business finance and aim to give them an understanding of the basic financial issues business managers in the energy and extractive industries are required to consider in the decision-making process. All managers, in all types of organisations, have to be constantly aware of the financial implications of decisions being made, including sources and cost of finance, return on investment and the effective management of working capital requirements. The module is designed to give students an appreciation of issues of this nature they will confront as managers and to give them the confidence in the understanding of finance to be able to ensure the correct financial information is available to them to allow for well informed decision making.
60 credits from
Strategic Management and Organisational Analysis will provide the analytical skills needed to accomplish, defend and critique a strategic business analysis.
Downstream energy law and policy is concerned with the structure and regulation of gas and electricity markets. With the advent of liberalisation, most gas and electricity markets have become semi-competitive. There are regulatory structures to control entry to the market. There are rules on how the producers / generators interact with the suppliers – either bilateral markets or pools. There are rules for producers / generators which get special treatment – frequently state-owned companies and renewable generators. There are measures to control security of supply. There are measures dealing with pass through of costs – and attempts to ensure that the consumer price does not reach unacceptable levels.
The course looks at regulatory structures – the role of government; the role of the independent regulator; the role of the market operator and the transmission system operator. The course looks at the options for structuring liberalised and semi-competitive markets. It looks at measures to reduce investment risks for additional capacity. It recognises that the position of capacity short markets is different from that of markets with capacity excess – even if in the long term, both ultimately want the same thing…cheap and reliable delivery of the commodity.
Module leaderStephen Dow
The aim of this module is to equip students with the economic, technical, and institutional knowledge for understanding the working of the international petroleum industry and to develop students’ capacity in analyzing the economic and policy problems associated with international oil and gas markets. The module is organized along the petroleum product value chain, such as exploration and development, production, refining and marketing, and natural gas monetization. By completing this module, students should have the knowledge and understanding of demand, supply and price dynamics of oil, gas and refined petroleum products and the skills to analyze trends and issues in oil and gas markets and to evaluate petroleum projects, contracts, and policies. The module is designed for an interdisciplinary audience and will not require a background in economics.
This interdisciplinary course challenges students to think about the global challenges that our society faces in our energy sectors and to our climate. As there is a realization that there are significant problems to be resolved, this course examines the policy initiatives and issues of conflict around the world. There is increased legal action on many energy and climate issues globally, and this is one of the world’s first courses examine this area with an interdisciplinary approach covering science, policy and law.
Indicative Topics covered:
- Energy & Climate Science: The Basics
- Worldwide Energy & Climate Policy Initiatives
- Ethics and Accountability in the Energy Sector
- Accountancy Practices, Taxation and CSR
- Modern Slavery Act, FCPA, Bribery and Corruption Act
- EIAs and Equator Principles (International Finance)
- Ethical Investments, SWFs
- Business & Human Rights (IBA)
- Energy & Climate Litigation (local, national, and international)
The just transition to a low-carbon economy is the greatest societal challenge of our time. As societies worldwide work towards 2030, 2040, and 2050 energy, climate and sustainability goals there is a need to ensure these are achieved in a ‘just’ way. Society in future has to be fair and equitable and also one where inequalities are addressed and resolved. This interdisciplinary course covers all of these complex challenges as countries worldwide aim to achieve a just transition to a low-carbon economy.
Indicative Topics covered:
- What is the Just Transition
- The Value of a Just Transition
- The Role of Energy in the World Economy
- A Changing Commercial Sector & Sustainability
- An Energy Transition till 2100
- Policy Development for a Just Transition
- Industry Case Studies
- Enforcing a ‘Just’ Transition
- Key Actions & Scenario Planning
- Emerging practices in achieving a the low-carbon economy
This main aim of the module is to introduce students to the rational for and methods of economic regulation in energy and infrastructure industries, such as the rate-of-return regulation, price-cap regulation and franchise bidding; the issues related to regulation and deregulation; and the reasons for and pathways of restructuring of energy industries. It draws upon recent theoretical and empirical advances in public economics and industrial organization, and is intended to provide students with an analytical framework for regulatory and public policy analysis and a rigorous foundation for further study.
- to develop an understanding of renewable energy resources and the numerous technologies that converts it into useful forms
- to develop an understanding of the economic issues of renewable energy research, development and deployment at both private and commercial scale
- to develop an understanding of government and industry policies to encourage the deployment of renewable energy production and use
The aims of the module are to convey an economic and institutional knowledge of the electric power sector, and to develop the capacity for analysing the economic and policy issues of the electric power sector. The intended learning outcomes of the module are an understanding of the workings of the electric power industry and its economic fundamentals; and the skills to evaluate power system resources and their implications for competition or regulation. The module is designed for an interdisciplinary audience. It is delivered through lectures, problem sets, and virtual direction. It is assessed through the problem sets, an essay, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.
Sufficient modules from the academic timetable to bring the total number of credits to 180
20 credits from
The project report contributes to the achievement of the aims of the Masters degree, by:
- promoting a deep and critical understanding of specific issues to the specialisation of the student
- developing originality of thought and the skills of research, analysis, argumentation and expression
- building upon, developing and integrating the knowledge and skills acquired in taught modules
The project report should be approximately 8000 words.
The internship provides the student with the opportunity to apply in the workplace the knowledge and skills learnt at CEPMLP and to learn how professionals in the field perform their tasks.
Students who choose this option are required to source an organisation willing to offer a 1-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.
The internship requires an intellectual report of approximately 5000 words.
Graduates should be able to enter the energy industries as management trainees. Existing managers completing this course will have enhanced knowledge and skills in management.
This programme is designed for graduates with a good first degree, who aspire to work in the Energy industries. To gain admission to the programme, students are expected to hold a good honours degree or equivalent. Applications will also be welcomed from people with substantial managerial experience in the energy industries or cognate industries who do not hold an honours degree or equivalent. In these cases, applicants would have to be prepared to undergo accreditation of prior experience and learning, typically through an interview.
English Language Requirement
English Language Programmes
We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.
The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.
|Fee status||Fees for students starting 2019-20|
|Scottish and EU students||£7,300 per year of study|
|Rest of UK students||£7,300 per year of study|
|International students (non-EU)||£17,275 per year of study|
|Fee status||Fees for students starting 2020-21|
|Scottish and EU students||£7,650 per year of study
See our scholarships for UK/EU applicants
|Rest of UK students||£7,650 per year of study
See our scholarships for UK/EU applicants
|International students (non-EU)||£18,150 per year of study
See our scholarships for International applicants
You may incur additional costs in the course of your education at the University over and above tuition fees in an academic year.
Examples of additional costs:
|One off cost||Ongoing cost||Incidental cost|
|Graduation fee||Studio fee||Field trips|
*these are examples only and are not exhaustive.
- may be mandatory or optional expenses
- may be one off, ongoing or incidental charges and certain costs may be payable annually for each year of your programme of study
- vary depending on your programme of study
- are payable by you and are non-refundable and non-transferable
Unfortunately, failure to pay additional costs may result in limitations on your student experience.
For additional costs specific to your course please speak to our Enquiry Team.
You apply for this course through our Direct Application System, which is free of charge. You can find out more information about making your application when you click Apply Now below
|Apply now||Managing in the Energy Industries MSc||P051354|
Dr Rafael Macatangay
Centre for Energy, Petroleum and Mineral Law and Policy
+44 (0)1382 386798