Energy Transition, Decommissioning, Hedging and Sustainability Disclosures | 2-Day Course
This IFRS for Oil & Gas, Power and Energy Transition training course takes place in The Hague, the Netherlands, one of Europe’s leading energy and energy-transition financial centres. The Netherlands hosts major international oil & gas, power and gas transmission headquarters. It is also home to a fast-growing offshore wind, hydrogen and grid infrastructure sector driving the European energy transition.
The Dutch North Sea basin, European gas trading hubs and the EU’s shift toward renewables make The Hague a relevant location for finance professionals working with IFRS across both legacy and transition energy assets. This programme suits finance professionals in any IFRS jurisdiction with oil & gas, power generation or renewable energy operations.
Oil & gas and power sector accounting is becoming more complex across global markets in 2026. European energy companies face growing IFRS reporting requirements driven by capital investment in renewables, grid infrastructure and the decommissioning of legacy oil, gas and power assets.
IFRS S2 disclosure requirements, including the December 2025 amendments to greenhouse gas emissions disclosures, and the EU’s CSRD framework are adding new sustainability reporting obligations for listed energy and utility companies.
Ageing oil & gas platforms, pipelines and power plants are creating decommissioning, restoration and impairment considerations under IAS 37 and IAS 36. Energy sector finance professionals now need comprehensive IFRS technical training to manage these issues.
This programme covers every critical IFRS accounting challenge facing oil & gas, power and energy transition finance professionals. Topics include exploration and evaluation accounting (IFRS 6), revenue recognition (IFRS 15), leases (IFRS 16), impairment (IAS 36), decommissioning and asset retirement obligations (IAS 37), financial instruments and commodity hedging (IFRS 9), and consolidation and joint arrangements (IFRS 10, 11, 12).
It also covers IFRS S1 and IFRS S2 sustainability disclosures and the accounting implications of the shift from fossil fuels to renewable power generation. Participants leave with a complete technical toolkit to deliver compliant IFRS financial statements.
Key Learning Features | IFRS for Oil & Gas, Power and Energy Transition | The Hague
- Exploration and Development Accounting. Capitalisation, full cost vs successful effort methods, and impairment of exploration assets under IFRS 6
- Revenue Recognition. IFRS 15 for oil and gas sales contracts, production-sharing agreements, and renewable power purchase agreements
- Decommissioning Provisions. Measuring and unwinding asset retirement obligations under IAS 37 for platforms, pipelines, and power plants
- Impairment Testing. IAS 36 methodology, cash-generating units, and impairment reversal for energy assets under transition pressure
- Leases. IFRS 16 treatment for drilling rigs, power purchase agreements, and transmission infrastructure
- Commodity Hedging. IFRS 9 hedge accounting for oil, gas, and power price risk, including own-use assessment
- Sustainability Disclosures. IFRS S1, IFRS S2 (including 2025 GHG amendments), and EU CSRD requirements for energy entities
Global Program Schedule
This IFRS for Oil & Gas, Power and Energy Transition Training Course is delivered in-person and online across major global energy and financial centres worldwide. Specifically, upcoming programmes are scheduled in the cities listed below.
[Online] | [London] | [Toronto] | [Calgary] | [New York] | [Abu Dhabi] | [Zurich] | [Sydney] | [Singapore] | [Dubai] | [Doha] | [Cape Town] | [Lima] | [Rio de Janeiro] | [Hong Kong] | [Brussels] | The Hague | [Kuala Lumpur] | [Trinidad] | [Riyadh] | [Accra]
For More Information
For further information about this IFRS for Oil & Gas, Power and Energy Transition training course, please [contact us]. Our specialist training team can assist with course registration, group booking options, upcoming dates and in-house delivery enquiries. This programme is also available as a dedicated [in-house engagement], tailored to your organisation’s specific training requirements.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective field, who share hands-on implementation experience through our technical and professional development programmes.
This IFRS for Oil & Gas, Power and Energy Transition Training Course is led by one of Shasat’s distinguished faculty members, a globally respected technical expert in IFRS, US GAAP and UK GAAP for the oil & gas, power and energy transition sector. The instructor has extensive experience in handling sector-specific accounting issues and the practical application of accounting requirements. Specifically, this includes implementation challenges, technical interpretations and industry best practices across exploration, development, production, decommissioning and renewable power generation globally. They have supported major energy and utility institutions across developed and emerging markets on exploration accounting, decommissioning provisions, commodity hedge accounting, PPA accounting and ISSB sustainability disclosures.
The instructor brings deep technical expertise in exploration and evaluation accounting under IFRS 6, decommissioning and asset retirement obligations under IAS 37, commodity and power price hedge accounting under IFRS 9, and impairment assessment for energy assets under IFRS, US GAAP and UK GAAP. Drawing on years of global advisory and implementation experience, every session delivers practical insights, real-world case studies and proven strategies.
Also, our faculty combine real-world expertise with academic rigour ensuring every session is interactive, relevant and outcomes driven. Consequently, participants gain practical tools and strategic frameworks they apply immediately across their oil & gas, power and energy transition organisations.
Our Partners
Course Description
Day 1 | Exploration, Development, Production and Revenue Recognition
Module 1 | Exploration and Evaluation Accounting
- Accounting for exploration and evaluation activities under IFRS 6 including full cost and successful effort methods
- Non-drilling and drilling exploration cost accounting and capitalisation criteria
- Reclassification of exploration and evaluation assets to development and production assets
- Impairment of exploration and evaluation assets and indicators of impairment
- Practical case studies from leading European and global oil & gas operators
Module 2 | Development and Production Accounting
- Accounting for development costs and capitalisation criteria under IFRS
- Production accounting and unit of production depletion, depreciation and amortisation
- Componentisation of oil & gas and power generation assets and useful life assessments
- Borrowing costs capitalisation during development phase under IAS 23
- Practical case studies from North Sea and global upstream operators
Module 3 | Revenue Recognition Under IFRS 15
- Revenue recognition for oil and gas sales contracts and production-sharing agreements
- Revenue recognition for power purchase agreements (PPAs) for renewable and conventional generation
- Identification of performance obligations and variable consideration in energy contracts
- Accounting issues arising from gas trading and capacity contracts
- Practical case studies and worked examples throughout
Module 4 | Inventory and Property, Plant and Equipment
- Calculation of period-end inventory for oil, gas and power businesses
- Inventory valuation approaches under IAS 2
- Property, plant and equipment recognition and measurement for energy assets
- Certain full cost practices that may not be appropriate under IFRS
- Examples and case studies
Module 5 | Impairment of Energy Assets
- IAS 36 impairment methodology for upstream, midstream, downstream and power generation assets
- Cash-generating unit identification for integrated energy businesses
- Commodity price and discount rate assumptions in impairment models
- Reversal of impairment and disclosure requirements
- Practical case studies from European energy companies facing transition-driven impairment
Module 6 | Leases and Decommissioning Provisions
- IFRS 16 scope — leases exempt from IFRS 16 vs leases subject to IFRS 16 for energy assets
- Right-of-use asset and lease liability recognition for drilling rigs, vessels and power infrastructure
- Lease accounting for power purchase agreements and own-use assessment
- Decommissioning, restoration and asset retirement obligations under IAS 37
- Measurement of decommissioning provisions including discounting and unwinding of discount
- Decommissioning accounting for offshore platforms, pipelines, wind farms and power plants
- Practical case studies from global oil & gas, power and offshore wind financial statements
Day 2 | Financial Reporting, Sustainability, Instruments and Business Combinations
Module 7 | IASB Update and Accounting Policies
- Update on IASB developments affecting extractive industries and energy transition accounting
- Specific accounting principles, changes in accounting policies and transition to IFRS
- Changes in accounting estimates and their impact on energy sector financial statements
- Practical examples and case studies
Module 8 | Financial Statements and Notes
- Critical accounting issues and estimation uncertainty in oil & gas and power financial statements
- Estimation of reserves, resources and future cash flows and their impact on financial reporting
- Identified risks, capital management and events post reporting period disclosures
- Presentation of financial statements under IAS 1 for energy sector entities
- Statement of cash flows under IAS 7 for oil & gas, power and utility operations
- Accounting policies, changes in accounting estimates and errors under IAS 8
Module 9 | Financial Standards and Reporting Requirements
- Events after the reporting period under IAS 10 for energy sector companies
- Operating segments under IFRS 8 for diversified energy and utility groups
- Interim financial reporting under IAS 34 for listed energy companies
- Provisions, contingent liabilities and contingent assets under IAS 37
- Government grant accounting under IAS 20 for renewable energy projects and subsidies
- Practical examples and case studies from global energy sector reporting
Module 10 | Financial Instruments, Hedge Accounting and Power Price Risk
- Classification and measurement of financial instruments under IFRS 9 for energy companies
- IFRS 9 commodity hedging — risk component hedging for oil, gas and power price risk
- Fair value hedges and cash flow hedges for commodity and power price risk
- Foreign currency hedging for USD-denominated commodity sales under IFRS 9
- Own-use exemption assessment for energy offtake, supply and power purchase agreements
- Impairment of trade receivables under the IFRS 9 expected credit loss model
- Fair value hierarchy and valuation techniques for energy sector financial instruments
- Hedge effectiveness testing and documentation for energy sector hedging programmes
- Worked examples and case studies on energy commodity and power price hedging
Module 11 | Business Combinations and Joint Arrangements
- Business combinations accounting under IFRS 3 for oil & gas, power and utility mergers and acquisitions
- Consolidated and separate purpose financial statements under IFRS 10 and IFRS 11
- Joint arrangement accounting for upstream joint ventures and unincorporated joint arrangements
- Disclosures under IFRS 12 for interests in subsidiaries, joint arrangements and associates
- Practical issues arising from energy sector business combinations and joint ventures
- Comprehensive case studies from global oil & gas, power and utility transactions
Module 12 | Sustainability Disclosures and the Energy Transition
- IFRS S1 and IFRS S2 sustainability disclosure requirements for listed energy entities
- December 2025 amendments to IFRS S2 greenhouse gas emissions disclosure requirements
- EU CSRD requirements and the Omnibus “stop-the-clock” timeline for European energy companies
- Climate-related financial disclosures for oil & gas, power and utility companies globally
- Accounting for carbon credits, emissions allowances and government incentive schemes
- Energy transition accounting implications — decommissioning of legacy assets and capitalisation of renewable infrastructure
- Comprehensive wrap-up case studies covering all key oil & gas, power and energy transition accounting issues
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution or unauthorised use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. © 2026 Shasat
Why you must attend?
Oil & gas, power and energy transition accounting is one of the most technically demanding and rapidly evolving areas of IFRS financial reporting globally. Specifically, decommissioning provisions, impairment assessments under transition pressure, power purchase agreement accounting and commodity hedging create unprecedented technical challenges for energy finance professionals. Furthermore, regulators, auditors and investors now scrutinise energy sector IFRS financial statements with greater rigour than at any point in history. In addition, IFRS S2 (as amended in December 2025) and the EU’s CSRD framework are adding significant new compliance obligations for listed energy and utility companies globally. Consequently, energy finance professionals who lack comprehensive IFRS technical mastery face significant professional and organisational risk in 2026.
This programme delivers the most comprehensive and practically focused IFRS oil & gas, power and energy transition training available globally. Specifically, every session addresses the most critical IFRS accounting challenges facing oil & gas, power and energy transition organisations across developed and emerging markets worldwide. Furthermore, real-world case studies from actual IFRS financial statements of leading global energy companies are integrated throughout every session. In addition, every session addresses the latest IFRS developments including power purchase agreement accounting, decommissioning provisions and IFRS S2 sustainability disclosures. Consequently, participants leave with the technical authority to deliver fully compliant IFRS financial statements across every oil & gas, power and energy transition operation globally.
Finance professionals who attend gain significantly more than technical IFRS knowledge. Specifically, they develop the strategic insight to identify IFRS accounting implications at every stage of the energy value chain, from exploration through to renewable power generation. Furthermore, they leave fully equipped to communicate complex financial reporting outcomes to boards, auditors and regulators confidently. In addition, participants from The Hague and every major global energy market strengthen their organisation’s IFRS reporting frameworks. Consequently, this is a career-defining investment for every finance professional operating across oil & gas, power and energy transition industries globally.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allowing attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP differences (IFRS vs US GAAP), industry issues, and diversity in practices, providing attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
The IFRS for Oil & Gas, Power and Energy Transition training programme is designed for financial professionals who want to update their knowledge of IFRS accounting standards and stay ahead of the curve in a constantly evolving financial reporting landscape. This programme is perfect for finance executives, accountants, auditors, financial analysts, regulators and other professionals who are involved in financial reporting and decision-making. It is expected that participants have a basic understanding of financial reporting and accounting principles, or have previously completed basic accounting courses and are looking to enhance their skills and knowledge of IFRS standards.
This training programme provides practical and comprehensive training to equip participants with the necessary skills to succeed in today’s ever-evolving financial landscape. It is an excellent opportunity for professionals seeking to improve their expertise and advance their careers in the oil & gas, power, and energy transition sectors.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
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We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
