Format No. QSP/7.1/01.

F01 (C)
Issue No.05 Rev. No 6 Dated: Jan 2, 2019

UNIVERSITY OF PETROLEUM & ENERGY STUDIES

School of Law
Dehradun

COURSE PLAN

Programme : BA LLB. (HONS.) ENERGY LAWS 2017 - Batch I

Course : Energy Law

Semester : V
Session : August to December 2019
Batch : 2017 -22
Subject Code : CLNL 3008
No. of credits : 3
Prepared by : Mrs. Sonal Gupta
Email : [email protected]

Approved By

_______________________ _______________________
HOD Dean

UPES Campus Tel : +91-135-2770137

“Knowledge Acres” ,Kandoli Fax : +91 135- 27760904
P.O. Bidholi, Via Prem Nagar Website : www.upes.ac.in
Dehradun -248 007 (U K)
 COURSE PLAN

Subject: Energy Economics Course: BA. LL.B. (HONS.) ENERGY LAWS

2017 – 22, Batch I

Duration: August to December 2019 Subject code: CLNL 3008

A. OBJECTIVES:

(a) To understand basics of energy and working of the value chain of the oil and gas
industry.
(b) To understand the basics of Energy Industry.
(c) To analyse and apply the principles of economics in the Oil and Natural Gas sector.
(d) To integrate and understand the electricity sector and application of economic
concepts on the same.

Outcomes:-

CO1: Define basics of energy and working of the value chain of the oil and gas industry.
CO2: Analyse the issues in the Oil & Gas sector.
CO3: Integrate and understand the oil, gas and the electricity sector and application of economic
concepts on the same.

Program Course Understand Analyse the issues in the Oil & Integrate and
Outcomes(POs) Outcomes basics of energy Gas sector understand the oil, gas
(COs) and working of and the electricity
the value chain sector and application
of the oil and gas of economic concepts
industry on the same.

Students will
demonstrate 

conceptual
knowledge in core
areas of law.

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Students will   
effectively apply
their learnings to
practical legal
issues.

Students will be   
able to exhibit
effective law
professional skills,
employing oral
and written
communication,
legal research,
analysis,
rationalization
and critical-
thinking.

Students will   
demonstrate
ability to evolve
alternative
solutions from
dynamic socio-
economic and
techno-legal
perspectives.

Students will   
demonstrate
desirable qualities
to be employable
in the relevant
market.

Students will   
show sensitivity
towards ethical,
moral and social
issues arising in
their professional
career.

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Students will   
exhibit
commitment,
teambuilding,
networking,
leadership and
lifelong learning
skills to excel in
legal world.

Program Course Understand basics of Analyse the issues in the Oil & Integrate and
Specific Outcomes energy and working of the Gas sector understand the oil, gas
Outcomes (COs) value chain of the oil and and the electricity
(PSOs) for gas industry sector and application
B.A., LL.B. of economic concepts
(Hons.) on the same
Energy Law

 

Students will be able to

demonstrate conceptual
knowledge in core areas
of social sciences.

Students will be able to   

demonstrate integrated
knowledge of legal
principles and social
sciences.

Students will be able to   

exhibit skills in practices
and procedures of Energy
Law.

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Course Continuous Continuous Continuous Continuous Continuous
Outcomes( evaluation evaluation Tool -1 evaluation evaluation evaluation
COs) Tools Group Tool -2 Tool -3 Tool-4
presentation - 40% Class Class Test- Attendance (
weightage Assignment - 20% As per the
20% weightage defined and
weightage specified
parameters)
20%
weightage
Understand basics of energy    
and working of the value
chain of the oil and gas
industry.

Analyse the issues in the Oil    

& Gas sector.

Integrate and understand the    

oil, gas and the electricity
sector and application of
economic concepts on the
same.

B. COURSE OUTLINE

It has 5 modules which are as follows:

 INTRODUCTION
Meaning of Energy and different types of Energy, Overview of Concepts of Natural Resources of Energy,
Policy Issues of Mineral Taxations.

 ENERGY INDUSTRY
Oil & Natural Gas Industries- OPEC & the World Oil Markets, Energy Utilities, Economics Cross Subsidy.

 OIL ECONOMICS
Hydrocarbons: Introduction, Rising Oil Pricing, Indian Upstream Sector.

 NATURAL GAS ECONOMICS

The Natural Gas Market, Anatomy of Oil & Gas Prices Stocks, Computing Profitability, Margins Concepts,
Retail Pricing Issues.

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 ELECTRICITY ECONOMICS
Electricity Markets & Competitions, Regulation of Distribution, Energy Value Chain and Energy
Costs Estimates

C.PEDAGOGY

Interactive approach during the study. (Students are supposed to come prepared for the topics
for discussion in the class/ case studies/ Presentations/ Viva-voce), randomly any student can
be called on the board to solve the problems.

Work in small groups for Group Projects and personalized teaching

 Presentations (Paper/Group Project)

 Chalk and talk
 Random Questioning
 Reflections
 Lecture Methods

D. COURSE COMPLETION PLAN

Sessions: 3 (lectures of 3 hour each) for a 3 credit course.
Total hours per week : 3 lecture hours per week

E. EVALUATION & GRADING

Description Weight age Schedule

1. Continuous Assessment 30% Detailed Below

2. Mid term Exam 20% Academic Calendar

3. End term Exam 50% Academic Calendar

Internal Assessment: Marks 100 (shall be done based on the following 4 components):

Description and Weightage

a) Group presentation - 40% weightage

b) Class Assignment - 20% weightage
c) Class Test- 20% weightage
d) Attendance (As per the defined and specified parameters)- 20% weightage

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Four components will be used for internal assessment for this course (Total 100 marks), the details of
each component is as follows:

a) Group presentation:
Students are required to make 2 group (group consisting of 5 students each) presentations on
the topic on a scheduled date (would be communicated in the class). The duration of a group
presentation will be 15-20 minutes; followed by 5-10 minutes discussion/query session.

b) Class Assignment

The Course will culminate by student writing an individual assignment which will be based on the
topic assigned by the instructor. The structure of the assignment would be provided as part of
the course plan and will be based on secondary research. The minimum size of the assignment
should be 10 A4 size pages typed in single space, duly referenced and data sources mentioned.
This assignment is in the essence which depicts the interplay of existing laws and the regulatory
issues that the sector faces.

c) Test :
Two tests will be conducted, as per indicated in the Course Plan carrying 20% weightage. It
may contain Multiple choice questions or short questions/key terms covering modules as
specified in the course plan and Research paper/ cases covered in the course pack to ascertain
that whether the students could understand the basic concepts or not. Most probably would
be online quiz on Black Board.

d) Attendance ( As per the defined and specified parameters)

Formula for attendance marks:
 67-75 % 0 Marks
 76% 5 Marks
 81% 10 Marks
 85-90% 15 Marks
 90%-100% 20 Marks

Mid- Sem Examination: 20% Weightage

Mid- Sem examination shall be of one hour duration based on multiple choice question based
system conducted on black board.(paper less).

End -Sem Examination: 50% Weightage

End-Sem examination shall be of three hours duration. The examination paper shall have 4 Sections
 Section A-Objective type / Short Answer type memory based general questions (2 to 5
questions) -10 marks.
 Section B-Short answer type Conceptual questions (2 to 5 questions) -20 marks.
 Section C-Analytical & Comparative questions (2 to 4 questions) -20 marks.
 Section D-Application based Case study (2 to 5 questions) -50 marks.
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 Passing Criteria
If the batch size is upto 30, Grading shall be done on the basis of absolute grading system • If the
batch size is more than 30, the grading will be done based on Relative Grading System
Both in Absolute and Relative Grading System passing criteria will be:

• For UG-Students: Scoring less than 35 absolute marks in individual course either in end semester
examination or as composite score shall be awarded as ‘F’

Attendance

Students are required to have minimum attendance of 75% in each subject. Students with less than
said percentage shall NOT be allowed to appear in the end semester examination. The student
obtaining 100% attendance would be given 5% bonus marks for internal assessment.

Cell Phones and other Electronic Communication Devices: Cell phones and other electronic
communication devices (such as iPhone /Laptops) are not permitted in classes during Tests or the
Mid/Final Examination. Such devices MUST be turned off in the class room.

E-Mail, CELCAT &Blackboard: Each student in the class should have an e-mail id and a pass word
to access the blackboard / CELCAT system regularly. Regularly, important information – Date of
conducting class tests, guest lectures, syndicate sessions etc. to the class will be transmitted via e-
mail/ blackboard. The best way to arrange meetings with us or ask specific questions is by email
and prior appointment. All the assignments preferably should be uploaded on blackboard. Various
research papers/reference material will be mailed/uploaded on blackboard time to time.

F. DETAILED SESSION PLAN

SESSION TOPIC READINGS PEDAGOGY

Introduction of Petroleum economics

MODULE 1: by J.Masserron

INTRODUCTION Pg no. 3-27

1 Discussion of Course plan Discussion
and Chapter 2 of Energy Economic by
Subhes C. Bhattacharya
Meaning of Energy and
different types of Energy

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 Overview of Concepts of Chapter 2 of Energy Economic by Presentation and
Natural Resources of Subhes C. Bhattacharya
Energy Discussions.
2
Pg no. 9-31

Introduction to the National Mineral Policy, 2008 and General discussion

Mineral Taxations amendments thereon.
Class and presentations
3
by the students.

Policy Issues of Mineral Presentation in the class General discussion

Taxations
Class and presentations
4
by the students.

MODULE 2: Energy Chapter 8 of Energy Economic by Class Presentations

Industry Subhes C. Bhattacharya
by the students
5
Introduction to Oil & Pg no. 191-218
Natural Gas Industries.

Class teaching

Introduction to OPEC & Part one of Petroleum economics by

the World Oil Markets J.Masserron

Pg no. 42-78

6 Chapter 4 and 5 of the Oil Trading

Manual.

Bassam Fattouh. An Anatomy of the

Crude Oil Pricing System.

(The Oxford Institute for Energy

Studies).

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 Economics Cross Subsidy Additional Material to be provided in Class Presentations
the class
by the students
7

Chapter 18 of Energy Economic by Class Presentations

8 Introduction to various Subhes C. Bhattacharya Pg no. 418-438
Energy Utilities by the students

9 Introduction to oil Presentation in the class

economy

Volatility in the oil prices Reading provided in the class Discussion in the
10
class

Indian Upstream Sector Additional material provided in the Presentations and

11 class
discussions

12 Class Test – I and doubt clarifications if any.

MODULE 4:

Natural Gas Economics Part six of Petroleum economics by Presentations and

13 J.Masserron
Introduction to the discussions
Pg no. 467-470
Natural Gas Market

Gas pricing in the Part six of Petroleum economics by Presentations and

International Markets J.Masserron
14 discussions
Pg no. 470-473

Part six of Petroleum economics by General discussion

Anatomy of Oil & Gas J.Masserron
prices stocks Class and presentations
15
Pg no. 474-476
by the students.

Computing profitability Additional material provided in the White board

and margins of natural class discussions
16
gas pricing.

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 International Gas Union. Wholesale
Gas Price Formation—A Global View
of Price Drivers and Regional Trends.

Retail Pricing Issues. Additional material Presentations and

17 provided in the class Discussions

Gas pricing in the Part six of Petroleum economics by Presentations and

International Markets J.Masserron
discussions
18 Pg no. 470-473

Student presentation
19-23
MODULE 5:

Electricity Economics Chapter 10 of Energy Presentations and

Introduction to Electricity Economic by discussions

24
and its value chain Subhes C. Bhattacharya
- Generation Pg no. 227-246
- Transmission

Electricity value chain

continued.
Chapter 10 of Energy Presentations and
-Distribution
Economic by Discussions
25
Trading
Subhes C. Bhattacharya

Pg no. 227-246

Chapter 10 of Energy General discussion

Introduction to Electricity
Markets. Economic by Subhes C. Bhattacharya Class and presentations
26
Pg no. 227-246 by the students.

Indian Electricity Additional Material General discussion

27 regulatory framework
provided in the class in Class and presentations

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 reference to CERC (Central Electricity by the students.

Regulatory Commission)

Indian Electricity Additional Material General discussion

regulatory framework-
tariff regulation provided in the class in Class and presentations
28
reference to CERC (Central Electricity by the students.

Regulatory Commission)

Calculation of Electricity Chapter 10 of Energy White board

landed cost
Economic by Discussion
29
Subhes C. Bhattacharya

Pg no. 227-246

30 Class Test II and doubt session

31-36 Student presentation

END SEMESTER EXAMS

G. SUGGESTED READINGS:

G :1 TEXTBOOKS:

S.No Author Title Publisher

a) Jean MASSERON Petroleum Economics Editions Technip; 4th Revised

edition edition

b) Subhes C. Bhattacharya Energy Economics Springer

c) Edited by David Long Oil Trading Manual Woodhead publishing Limited

d) UPES Understanding Oil and Gas UPES Course material.

Business : UOM 101. Volume
1,2,3.

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 G:3 JOURNALS/BUSINESS MAGAZINES:
 Petroleum Economist

G:4 Suggested reading list of Articles by renowned authors/ Select Committee

Reports/ White papers
 Bassam Fattouh. An Anatomy of the Crude Oil Pricing System.(The Oxford Institute for
Energy Studies).
 International Gas Union. Wholesale Gas Price Formation—A Global View of Price Drivers
and Regional Trends.
 International Energy Agency. Developing a Natural Gas Trading Hub in Asia—Obstacles
and Opportunities.

G: 6 WEB SOURCES:

1. Ebesco Database
2. Infraline Database
3. Science Direct Database
4. www.gasprocessors.com/GlobalDocuments
5. www.petroleum.nic.in
6. www.eia.doc.gov/Natural_gas/
7. www.citgo.com

H. INSTRUCTIONS
a) All students will be divided in groups comprising of 5 students in each.
b) Students are expected to read the concerned session’s contents in advance before coming to
the class.
c) The session will be made interactive through active participation from students. The entire
session will be conducted through question-answer, reflections, discussion, current practices,
examples, problem solving activities and presentations etc.
d) In the case study session all students are expected to prepare their analysis and
answers/decisions in their respective groups. Any group may be asked to present their views
and defend the same.
e) All schedules/announcements must be strictly adhered to.
f) The complete syllabus would be covered for Viva-voce and one must be thoroughly prepared
to appear for the viva and strictly appear on given time, otherwise, he/she will loose the marks.
g) Late entry (Max. 5 minutes from the class timing) in the class will not be allowed.

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 ANNEXURE I

INTERNAL EXAM ASSESSMENT SHEET (2017-22)

Programme BA., LL.B. (HONS.) ENERGY

Name LAWS 2017 - Batch I Semester V

Faculty Name Prof. Sonal Gupta

Subject Energy Economics

Subject Code CLNL 3008

Group Class Class Test Attendance ( Total

presentation Assignment As per the
defined and
specified
Enrl. No. Name
parameters)

20% weight 20% 20%

40% weight age
age weightage weightage

40 20 20 20 100

1 0

2
0

3
0

4
0

5
0

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