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Our Experts Activity

Views on Energy News
15 January 2018
Posted by Dr Mamdouh G. Salameh

In an article I wrote for the Research Centre of Energy Management (RCEM) at ESCP Europe Business School on the 2nd of March 2017 under the title “Oil Prices Will Be Mostly Bullish in 2017”, I said that the oil price will break through the $60 level in 2017. This the oil price did when it has risen to more than $66.78 a barrel in December 2017.

And despite efforts by vested interests including the International Energy Agency (IEA) and the United States Energy Information Administration (EIA) to dampen oil prices, I am now projecting that the oil price could be heading towards $70/barrel or even higher during 2018 and $100 in 2020.

14 December 2017
Posted by Dr Mamdouh G. Salameh

The OPEC meeting is over and the organization has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but also of the utmost importance to the vision and future of one man, Prince Mohammed bin Salman, Saudi Arabia’s de facto head of government and Crown prince (the king’s son).

The oil price is key to the success of Prince Mohammed bin Salman’s Vision 2030 which aims to build a dynamic twenty-first Saudi economy. 

01 November 2017
Posted by Dr Mamdouh G. Salameh

Oil is like a coin: one side is Economics and the other is geopolitics and the two are inseparable.                                  

The petrodollar came into existence in 1973 in the wake of the collapse of the international gold standard which was created in the aftermath of World War II under the Bretton Woods agreements. These agreements also established the US dollar as the reserve currency of the world.

17 October 2017
Posted by Dr Mamdouh G. Salameh

Independence has been a lifelong dream for many Iraqi Kurds and so the 25th of September 2017 referendum was met with understandable jubilation across Iraqi Kurdistan with over 90% voting for secession from Iraq.

Although the referendum was non-binding, it pointed to a deteriorating geopolitical situation between the Kurdistan Regional Government (KRG) and neighbouring countries. Baghdad urged neighbouring countries to shut down flights into the region and threatened a blockade. Iran stopped oil trade with Iraqi Kurdistan and also banned flights to the region. And Turkey, which fears stirring separatism among its own Kurdish population, has threatened similar action. Turkish President Recep Tayyip Erdogan called the vote “treachery” and suggested the region would "not find food or clothing" if sanctions were implemented.

Research & Publications
Dr Mamdouh G. Salameh
RCEM Working Papers

The great rivalry between the United States and China will shape the 21st century. It is a truth universally acknowledged that a great power will never voluntarily surrender pride of place to a challenger. The United States is the pre-eminent great power. China is now its challenger. 

Prof. Michael Jefferson
Published Papers

For over forty years energy expectations have been riddled with internal contradictions, and all too often a failure to recognise complexity, the nature and scale of the challenges to be faced, and resultant uncertainty. Key elements of Shell’s “World of Internal Contradictions” scenario, issued 

Matsumoto, K., Ming-Zhi Gao, A.

Economic instruments, particularly carbon tax and emissions trading scheme (ETS), have recently attracted the most attention to combat climate change because of their cost efficency to reduce emissions. Introducing these in Asia, where most of the countries do not currently have emission reduction. 

Prof. Michael Jefferson
Reports & others

Author: Prof. Michael Jefferson, Editor of the journal Energy Policy; Affiliate Professor, ESCP Europe; Professor, University of Buckingham.

Special Issues

Journal: Energy Policy

Guest-editors: Dr. Kostas AndriosopoulosProf. Constantin Zopounidis, Dr. Michael Doumpos, Dr. Spiros Papaefthimiou.

The objective of the Special Issue is to present new research results on the theory and modern practice of modeling and management of energy systems, emphasizing on their policy implications. The areas of interest include, networks design and management, oil and gas, smart grids, production optimization, efficiency analysis, optimization and assessment of renewable and sustainable/green energy systems, environmental issues, risk management, decision-making in the energy markets, and energy pricing, among others.

Cole, O.
Magazines' articles

Magazine: INFO.

Author: Dr. Othman Cole, Assistant Professor of Finance, ESCP Europe.


Centre News
15 December 2017

On 28th November 2017 Ayming celebrated the 2nd Business Performance Awards at Chaillot National Theater in Paris. Frank Bournois, Dean of ESCP Europe, had the privilege of interviewing Tony Blair, former Prime Minister of the United Kingdom.

The second Ayming Business Performance Awards took place on 28 November in Paris. Frank Bournois, chosen by the business performance consulting group, the organizer of the event, was honored to host the awards ceremony and interview former UK Prime Minister Tony Blair, the guest of honour, who presented to the 1,200 strong audience on the impact of Brexit.


07 December 2017


ESCP Europe 'Highly Commended' at annual Times Higher Education awards

ESCP Europe Business School has been named as one of the UK's leading business schools at the prestigious Times Higher Education awards, having been 'highly commended' in the 'Best Business School' category.

The awards dinner and ceremony, which took place on Thursday 30th November at the Grosvenor House Hotel in London, is known as 'the Oscars of Higher Education' with over 1,000 guests in attendance, including politicians, senior academics, and professional university staff from all corners of the UK.

07 November 2017

ESCP Europe Business School and its Research Centre for Energy Management (RCEM) are delighted to announce that our fifth fourth cohort of MSc in Energy Management students recently elected the board members of the School’s Energy Society.

The Board provides leadership for carrying out the Society’s activities and engage ESCP Europe students in industry related events, maximise networking opportunities and help them develop professional skills through a range of activities:

  • Panel discussions and debates led by top experts
  • Promotion of energy related initiatives and latest developments in the industry
  • Collect and share energy related articles and publications through social media to promote constructive discussion among its participants


30 October 2017

In a spirit of close cooperation, Greece and Cyprus presented their positions during an international gas forum organized by the Hellenic Association for Energy Economics (HAEE) with the support of ESCP Europe Business School and its Research Centre for Energy Management (RCEM) on 19th October, 2017.

This thought-provoking discussion took place at the European Parliament in Brussels. The integration of natural gas into the European energy environment and its methods of exploitation was highlighted during the event. The keynote speakers, Maria Spyraki, Member of the European Parliament and representative of New Democracy and Nikolas Papadopoulos, leader of  DIKO party and candidate for the presidency in the upcoming elections in Cyprus, underlined the necessity of expanding the use of natural gas and its promotion from the Eastern Mediterranean region to Europe, with the cooperation of Greece and Cyprus and through the well-known projects that are supported by the Commission, such as the East-Med pipeline and the LNG terminal in Alexandroupolis.

25 October 2017

The Global Association of Risk Professionals (GARP), a top global finance professional organisation has accredited our MSc in Energy Management (MEM) - an 18-month, full-time postgraduate programme as an ERP Academic Partner.

This collaboration will boost the employability of our students across the world by allowing them to gain competitive advantage and achieve professional development goals. More than 1,500 ERPs are currently employed globally by oil and gas companies, crude oil refiners, power generators, electric and gas utility companies, commodity training firms, investment banks, and consulting firms with energy practices.

Energy Headlines
17 January 2018
Gazprom Starts TurkStream Landfall Work
Gazprom subsidiary South Stream Transport has started building the receiving terminal of the TurkStream gas pipeline, it said January 17. The terminal is on the Turkish coast of Black Sea, some 100 km west of Istanbul, near the village of Kiyikoy. It also said that the onshore section...
17 January 2018
Tender for Pressure Reduction and Metering Stations (PRMS)
Tender for the design, fabrication, delivery, installation, testing and commissioning of Pressure Reduction and Metering Stations (PRMS)
17 January 2018
Wholesale power prices in 2017 were stable in the east, but increased in Texas, California
Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while average monthly wholesale prices in California and Texas increased by 18% and 27%, respectively, in 2017.
17 January 2018
IOGP Names New Europe Chief
The International Association of Oil & Gas Producers named François-Régis Mouton as its new EU Affairs Director, based in Brussels.
17 January 2018
Nord Stream1 Hits Record in 2017
The Nord Stream pipeline (NS1) transited 51bn m³ in 2017, or 93% of its nominal annual capacity as demand in the EU rose.
17 January 2018
Polish Producer Finds More Gas in South
PGNiG has reported commercial gas flows from two boreholes in southeast Poland near the Carpathian mountains.
17 January 2018
Lundin Counts Barents Drilling Costs
Lundin Petroleum will book loss items totaling $115mn in its 4Q2017 earnings, to be reported later. They include exploration costs in the southern Barents Sea.

Partners & Affiliates

Activity Agenda

Nov 2018
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25 NOVEMBER 2018

No events planned this day.

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