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Our Experts Activity

Views on Energy News
09 March 2018
Posted by Dr Mamdouh G. Salameh

In February 2018, an international consortium led by France’s Total and also comprising Italy’s Eni and Russia’s Novatek, signed two exploration and production agreements covering Blocks 4 and 9 offshore Lebanon, providing for the drilling of at least one well per block in the first three years. The consortium’s priority will be to drill a first exploration well on Block 4 next year, Total said.

As for Block 9, Total and its partners are fully aware of the Israeli-Lebanese maritime border dispute in the southern part of the block that covers only a very limited area (less than 8% of the block’s surface). Given that the main prospects are located more than 25km from the disputed area, the consortium confirms that the exploration well on Block 9 will have no interference at all with any fields or prospects located south of the border area,” the French company said (see Figure 1).

28 February 2018
Posted by Dr Mamdouh G. Salameh

Russia’s cooperation with OPEC has led to the OPEC/non-OPEC production cut agreement credited with virtually rebalancing the global oil market and pushing oil prices towards almost $70/barrel and also putting a $60 floor under oil prices, up from $50 in 2017.

Russia and Saudi Arabia, the architects of the production cut agreement made it clear that the agreement will go beyond 2018 but in a format that reflects the changing market conditions such as a rebalanced market and rising oil prices. After all, both Russia and OPEC face a major rival: US Shale. It looks as if Russia could become a member of OPEC in all but name.

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. 

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
09 March 2018

A recent report has shown that in addition to conflict, climate change is contributing to food insecurity across some parts of the continent: ''224 million people are now reportedly under-nourished on the continent, an increase of over 20 million in recent years. The reasons for this are complicated but related to the increasing pressures of extreme weather events. Rising temperatures and a greater prevalence of droughts across the continent has led to repeated crop failures.'' Widely read and widely shared, this topic is not trending in Africa.

Africa's environment is under serious threat, and along with it the very livelihoods of it's people. The Guardian report on the cocoa industry in Ivory Coast highlighted how the country's rainforest cover is being destroyed at a staggering rate- going from covering 25% of the country to just a mere 4% in just two decades.

26 February 2018

Young talent from prestigious universities met at the ESCP Europe's London Campus on 22nd & 23rd February to participate in the 2018 Energy Trading Challenge.

Jointly organised by our 2018 MSc in Energy Management (MEM) students, in collaboration with Smart Global, ESCP Europe, and its Research Centre for Energy Management (RCEM), the challenge provided an excellent platform for students to learn key insights on trading oil and gas products.  

09 February 2018

ESCP Europe and its Research Centre for Energy Management (RCEM) will be taking part as Knowledge Partners at this year’s LCILP Annual Conference on Energy Arbitration and Dispute Resolution in the Middle East and Africa.

Taking place on 6 – 7 March in London, this year's conference will be hold in association with Herbert Smith Freehills LLP. The event will focus on a broad range of technical, economic and diplomatic factors that affect Dispute Resolution in the Middle East and Africa. The conference will provide a deep understanding on the impact of oil price variations and regional security issues across the continent.

08 February 2018

As the UK government moves into a key phase of work on Brexit, ESCP Europe's London Campus has commenced its year long sponsorship of the high impact Brexit Forum linking member organisations of the French Chamber of Commerce in Great Britain.

Campus Dean, Professor Simon Mercado remarks: "through this established mechanism for member engagement, the Chamber is providing our sectors and organisations with great insight and an environment through which we can share intelligence and discuss collective action on this major development.  It is absolutely fitting that ESCP Europe, which has had a strong voice on Brexit, associates itself as sponsor with this key CCFGB Forum".

05 February 2018

By Energy Press.

In Greece, during the last years, there has been considerable debate about the great potential in the hydrocarbon sector and its key geostrategic position, which may be appropriate even for the creation of an international hub for the passage of crucial channels. Nevertheless, the above mentioned aspects have not been proven yet.

What is safe to say is that, so far, Greece and the wider Balkan region do form a region of competition against the US, Russia and China. As it is well known, Russia, besides the frequent gas supply in Greece, has been unsuccessfully working with Greece on various energy projects so far, while China has proceeded rapidly to implement important programmes in the country, which opened the way to Europe.

Energy Headlines
21 March 2018
Solar photovoltaic costs are declining, but estimates vary across sources
Costs for utility-scale solar photovoltaic (PV) systems have declined in recent years—most sources show that system costs on a per-watt basis have fallen about 10% to 15% per year from 2010 through 2016.
21 March 2018
CNPC Joins Abu Dhabi Offshore Concessions
Petrochina has been awarded stakes in two Abu Dhabi offshore concession areas by state-owned Adnoc in the latest $1bn-topping deal.
21 March 2018
Spirit Awards Morecambe Bay Decomm Work
A UK contractor has secured a trio of contracts worth over £10mn for UK late-life projects in the last six months.
21 March 2018
Norway's Feb Gas Output Flat
Output from the Norwegian Shelf in February was little changed on year and month.
21 March 2018
UK Shale Firm IGas Back in the Black
UK onshore producer IGas is out of the red and says it is progressing shale gas developments.
21 March 2018
Oz's Mereenie Gas Aims for Late 2018 Launch
The Australian Northern Territory-based Mereenie gas project has awarded contracts which should see it ready in time for the construction of the NT-Queensland Northern Gas Pipeline which will enable it to supply the tight east coast market by the end of the year, joint venture partner Central Petroleum said March 21.
21 March 2018
[Premium] US Brings Anti-NS2 Message to Brussels
Nord Stream 2 is not what the backers say it is, argues a senior US official in Europe.

Partners & Affiliates

Activity Agenda

Sep 2018
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