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Views on Energy News
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.

22 August 2017
Posted by Dr Mamdouh G. Salameh

Geopolitics & US Self-Interest

In imposing new sanctions on Russia, the US Congress aimed to punish Russia for its alleged meddling in the US elections in 2016. Still, these sanctions were mostly motivated by US self-interest, geopolitics and blatant US efforts to delay if not prevent Russia’s emergence as the world’s energy superpower.

The target of these sanctions as in the previous ones is Russian banks and companies as well as Russian oil and gas projects. However, the most contentious issue could well be the sanctions on pipelines. Key projects such as Nord Stream II and the TurkStream pipelines are at the very heart of the sanctions.

The US has always been opposed to Nord Stream II, which it views as Russia’s attempt to solidify its hold on Europe’s energy supplies (see Map 1).

09 August 2017
Posted by Dr Mamdouh G. Salameh

Venezuela’s Deepening Crisis

With 300.9 billion barrels (bb) of proven oil reserves, Venezuela holds the biggest reserves in the world and also accounts for 92% of Latin America’s reserves. This is 13% bigger than Saudi Arabia’s.  Still, the United States Geological Survey (USGS) estimates that there may be more than 513 bb of extra-heavy crude oil and bitumen deposits in Venezuela’s Orinoco belt region.

Venezuela, a country that should be one of the wealthiest in the world, remains mired in deepening crisis. Its currency (the bolívar) has virtually collapsed while its economy shrank by 10% in 2016 and annual inflation is poised to exceed 720% in 2017.  

18 July 2017
Posted by Dr Mamdouh G. Salameh

With oil prices alternating so frequently between bullish and bearish conditions, a global oil deficit could be making its way stealthily through the global oil market.

Last November, the International Energy Agency (IEA) warned that a shortage could set in as soon as 2020, as the investment shrinkage brought on by the 2014 oil price crash bears fruit. Prices, the IEA had said at the time, could jump significantly at the end of the decade. The IEA reiterated its concerns more recently in its World Energy Investment 2017 Report adding that the rate of new oil discoveries is at its lowest level in more than 70 years. Overall, global spending on oil and gas will rise by a moderate 3% this year, compared to the 44% between 2014 and 2016.

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
05 October 2017

Our 12th Annual Careers Fair took place yesterday at the London Campus of ESCP Europe.

We welcomed a great number of companies from a variety of sectors and industries, such as finance and investment banking, consultancy, insurance, aviation/engineering and energy, all of whom had the opportunity to talk to more than 400 students.

03 October 2017

We would like to congratulate Mateusz Ciasnocha and Akul RaizadaMSc in Energy Management (MEM) Students, for being selected to speak at the “Youth Day: Dialogue of Generations” part of the 7th St. Petersburg International Gas Forum (SPIGF-2017).

Taking place on 3rd – 5th October, 2017 at the EXPOFORUM Convention and Exhibition Centre, the event will bring together talented students from different countries, top-ranked field specialists and young leaders of international energy companies, scientists and representatives from Academic Society to identify new vectors of the gas industry development and the career opportunities for talented young people.

02 October 2017

We are proud to announce that ESCP Europe Business School and its Research Centre for Energy Management will be taking part as Supporting Partners at this year’s Energy Summit organised by The Economist Events. The conference will take place on 28th November at The Honourable Artillery Company Armoury House, City Road in London.

Several technological revolutions are taking place simultaneously in energy markets, which promise a future of abundance, rather than scarcity. The first is shale. This year the ability of independent American oil producers to keep fracking despite relatively adverse conditions has foiled OPEC’s ability to rescue prices. The second is renewable electricity.

18 September 2017

On 18th September ESCP Europe Business School and its Research Centre for Energy Management welcomed the 2017 cohort of students onto the unique and innovative MSc in Energy Management (MEM) and Executive Master in Energy Management (EMEM) to the London campus.

Diversity at its best

40 postgraduate students from 17 nationalities – heard from the Director of ESCP Europe’s London campus, Prof. Dr Simon Mercado who shared the School’s vision and culture, and announced the start of the programmes at the School’s London Campus.


13 September 2017

Posted in: Natural Gas World, Natural Gas News, News By Country, Germany, Corporate, Share prices, Natural Gas News Europe

Germany’s Uniper has given itself a pat on the back one year after its stock market listing, during which its share price has more than doubled.

On September 12 2016, Uniper’s opening quote on the Frankfurt Stock Exchange’s Prime Standard segment was €10.015 ($11.978). While Frankfurt mid-cap shares rose by 19% and the Euro Stoxx Utilities sector by 23% in the intervening period, Uniper’s stock closed September 11 at €22.145, giving the company a market capitalisation of €8.1bn. The company became operationally separate from German utilities group E.ON on January 1, 2016.

Energy Headlines
18 October 2017
AGA Expects Stable Gas Prices, Increased Winter Demand in US
Natural gas consumers in the US can expect to pay about 5% more for their natural gas needs this winter heating season, reflecting growing domestic production and exports and a winter forecast calling for temperatures about 13% colder than last year. That’s the prediction from the American Gas...
18 October 2017
Andalus Keen to Use Indonesian Gas for Power
UK-listed Andalas Energy & Power has signed a memorandum of understanding (MOU) with Indonesia's Pertamina Power Indonesia (PPI) and German turbine-making giant Siemens to develop an independent power project at Pertamina's Puspa field in Sumatra, it said October 18. The agreement allows the three...
18 October 2017
Sonatrach May Relax Gas Sales Monopoly
Algerian state producer Sonatrach is seeking to set up joint ventures with marketing companies to sell its gas, its CEO Abdelmoumen Ould Kaddour said October 17. The new agreements with companies "will not be indexed to oil prices and will not be long term," he told a conference in London, according...
18 October 2017
EBRD Signs $500mn Credit Line with Azeri SGC Co
The European Bank for Reconstruction & Development (EBRD) signed a $500mn credit deal with Southern Gas Corridor Company (SGCC) October 18. The loan would be allocated to completion of the 1,802-km Trans-Anatolian Pipeline (Tanap). The repayment period is 18 years. It is a part of...
18 October 2017
TurkStream 41% Laid: Gazprom
Gazprom has now laid 373 km of the TurkStream gas pipeline along the Black Sea bed, it said October 18. That is more than 40% of the total length of the sea section, which exceeds 900 km. The offshore section runs from the Russkaya compressor station in the Anapa area of southern Russia along the bottom...
18 October 2017
Japan's MOL Buys 11% of Indian FSRU Project
Japanese shipowner Mitsui OSK Line (MOL) has signed a shareholders agreement with Swan Energy to buy a 11% stake in its subsidiary Swan LNG, which is building a floating LNG import terminal on India’s west coast. In a statement sent to Indian stock exchanges October 18, Swan said that the agreement...
18 October 2017
UK Probes Swiss-EU Relationship
The UK House of Lords EU energy and environment sub-committee questioned the Swiss federal energy ministry's head of international energy affairs, Jean-Christophe Fueg, October 18, as part of the committee's continuing investigation this autumn into all the possible effects that leaving the European...

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Activity Agenda

Aug 2017
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28 29 30 31 01 02 03
26 AUGUST 2017

No events planned this day.

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