Learning Objectives

Upon successful completion of this course, participants will be able to:

1. Fundamentals of Stakeholder Management in Oil & Gas

• Understand stakeholder theory and its relevance in corporate governance.
• Identify internal and external stakeholders in oil & gas operations.
• Define key principles of stakeholder engagement and corporate responsibility.

2. Stakeholder Mapping and Prioritization

• Conduct stakeholder analysis using power-interest matrices.
• Segment stakeholders into regulators, investors, communities, NGOs, employees, and suppliers.
• Develop stakeholder prioritization strategies aligned with corporate objectives.

3. Governance Frameworks and Regulatory Compliance

• Ensure compliance with oil & gas corporate governance frameworks (OECD, IFC, IPIECA, SEC).
• Align stakeholder engagement with Environmental, Social, and Governance (ESG) standards.
• Address legal and ethical considerations in stakeholder communication.

4. Effective Stakeholder Communication Strategies

• Develop transparent and structured stakeholder communication plans.
• Use corporate reporting (financial, sustainability, and governance reports) to inform stakeholders.
• Manage stakeholder expectations through proactive engagement.

5. Community Relations and Social License to Operate (SLO)

• Foster positive relationships with local communities and indigenous groups.
• Implement corporate social responsibility (CSR) initiatives to support sustainable development.
• Address land use rights, environmental concerns, and social impact assessments.

6. Managing Investor and Shareholder Relations

• Understand shareholder rights, corporate disclosure, and financial reporting.
• Balance short-term profitability with long-term stakeholder interests.
• Ensure transparent investor relations and ethical decision-making.

7. Risk Management in Stakeholder Engagement

• Identify reputational, financial, and operational risks in stakeholder interactions.
• Develop risk mitigation strategies to prevent governance failures.
• Handle conflicts of interest, crisis communication, and stakeholder disputes.

8. Case Studies and Practical Applications

• Analyze real-world oil & gas stakeholder engagement successes and failures.
• Participate in stakeholder engagement role-playing exercises.
• Develop a stakeholder management strategy for an oil & gas corporation.

Target Audience

• Corporate executives and board members in oil & gas
• ESG and sustainability professionals
• Corporate governance and compliance officers
• Risk management and investor relations teams
• Community relations and CSR professionals