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Our Experts Activity

Views on Energy News
4
19 June 2018
 
Posted by Dr Mamdouh G. Salameh

Oil prices don’t lie. They reflect the true picture in the global oil market from an economic and geopolitical angles. In the aftermath of the historic summit between US President Trump and North Korean Leader Kim Jong Un, oil prices were flat. What does this tell us?

The fact that the oil markets largely ignored the much-anticipated summit could mean that they viewed the summit as all flash with little substance. And though both sides hailed the summit as a breakthrough, there was nothing to show except a declaration pledging to work towards denuclearization with no details about how this is to be achieved.

23 May 2018
 
Posted by Dr Mamdouh G. Salameh

US President Trump announced on the 8th of May 2018 that he is walking away from the 2015 nuclear Iran deal known as the Joint Comprehensive Plan of Action (JCPOA) into which the United States had entered with Iran and the five permanent members of the United Nations Security Council plus Germany (the P5+1) in order to exclude the prospect of Iran developing an indigenous nuclear weapons capability until at least 2028.

But the Trump decision is unlikely to bring about a meaningful improvement in the security situation of the US, Israel, or the Middle East generally, nor significantly damage Iran’s strategic capabilities. However, it changes some of the dynamics with regard to the President’s anticipated summit with North Korean leader Kim Jong-Un.

05 April 2018
 
Posted by Dr Mamdouh G. Salameh

The 26th of March 2018 will go in history as the most momentous day for the United States’ economy, China’s economy and the petrodollar and also for China’s status as an economic superpower. In that day China launched its yuan-denominated crude oil futures in Shanghai thus challenging the petrodollar for dominance in the global oil market. And in that very day 15.4 million barrels of crude for delivery in September 2018 changed hands over two and a half hours—the length of the first-day trading session for the contract.

Exactly one week after China launched its crude oil futures, the petro-yuan surpassed Brent trading volume. How long will it take it before overtaking the petrodollar? (see Chart 1).

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).

Research & Publications
6
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.
Books

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.

Newsroom

Centre News
8
23 May 2018

Madame Nicole Fontaine: a passion for Europe until her last breath

A great figure of Europe has just passed away. The European flame will last, thanks to her commitment, throughout her life.

Nicole Fontaine was a woman and a friend who always carried and fostered the values of Europe deep within her.

Like Europe, the roots of Nicole Fontaine were Christian. She once was assistant secretary general, and delegate for Catholic Education in France. The subject of her PhD thesis in public law was private confessional education under contract with the state in France. It became a reference research work, and was published four times.

30 April 2018

The operating processes for global businesses and organisations are being reworked. Today’s leaders must be able to adapt to a new reality that brings artificial intelligence, a new technology that is transforming the economy worldwide. 

It is in response to this that ESCP Europe's London Campus has started its year-long sponsorship of the high-impact Digital Transformation Forum, organised by the French Chamber of Commerce in Great Britain (CCFGB). This exclusive event aims to provide members with the innovative digital experiences, expertise and tools required to adapt to the ever-changing digital age and to implement flawless digital strategies.

26 April 2018

Gary Middleditch, Co-Head of Trading of SOCAR and Supporter of the activities run by ESCP Europe and its Energy Society, talks about his experience engaging with the participants of the Energy Trading Challenge 2018.

Prof. Dr Kostas Andriosopoulos, Academic Director of ESCP Europe’s Energy Master programmes, asked Gary his thoughts on how the energy markets are moving forward in the short term. How are the markets going to evolve? What are the key considerations in the oil market in terms of geopolitics, supply and demand? What are they key factors that may influence oil prices? How do we make money out of the market whether it goes up or down? What is the impact of market disruptors, such as electric vehicles? What is the future of oil businesses? How can we balance the oil markets?

23 April 2018

Hans-Arild Bredesen, CEO of Nordpool Consulting - one of the major energy exchanges in Europe - tells us about his impressions of the bright students that participated in the ESCP Europe Energy Trading Challenge 2018.

Prof. Dr Kostas Andriosopoulos, Academic Director of ESCP Europe’s Energy Master programmes, asked Hans his thoughts on what is recommended in terms of career prospects. Did he see a bright future for this young talent in the energy sector? What are the key tools for young energy professionals to acquire in terms of artificial intelligence and big data? Will machines replace humans? What does the future hold? And where are the key developments in the energy exchange markets taking place? 

12 April 2018

As the Government of the United Kingdom fast approaches a crucial stage of the Brexit negotiations, ESCP Europe's London Campus proudly supports the Brexit Forum Series – an exclusive member-to-member event organised by the French Chamber of Commerce in Great Britain (FCCGB).

Taking place in London at the FCCGB premises, the Brexit debates provide advice and best practice guidance for Franco-British businesses. These timely discussions have helped attendees to assess the latest developments and strategies around this crucial topic and to benefit from regulatory input. The forum is aimed at Heads of Brexit Task Forces, Heads of Strategy, Heads of Corporate Affairs in charge of Brexit and others with associated duties.

Energy Headlines
19 June 2018
Manila Seeks Japanese Investment in LNG Sector
Philippines is looking to attract companies from Japan to invest in country’s LNG sector.
19 June 2018
[NGW Magazine] Mexico’s Basins Sleep as Gas Imports Peak
This article is featured in Volume 3, issue 11 of NGW Magazine - Elections in Mexico threaten to slow down developments upstream and the country is facing a growing supply-demand gap. It will be some years before that is addressed perceptibly by new production, giving cheap US gas a clear run at the market.
19 June 2018
UK Court Seeks Gazprom's Asset List
The latest legal instalment in the Ukraine-Gazprom arbitration case has taken place in the UK.
19 June 2018
Ethane production growth led to record U.S. natural gas plant liquids production in 2017
U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate of natural gas production growth and setting an annual record of 3.7 million barrels per day (b/d) in 2017. NGPLs are produced at natural gas processing plants, which separate liquids from raw natural gas to produce pipeline-quality dry natural gas. Marketed natural gas includes both NGPLs and dry natural gas.
19 June 2018
Japan's May LNG Imports Rise 2.7% on Year
Japan’s LNG imports were up 2.7% year on year in May.
19 June 2018
Fortum Eyes Uniper Closure this Month
The Finnish energy firm will be the biggest single shareholder but will be unable to direct the German company's business to any significant extent.
19 June 2018
European Gas TSOs Seek Carbon Cuts
Unbundling has benefited TSOs, who can pursue the low-carbon future that the Paris Agreement requires.

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14 JANUARY 2018

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