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Our Experts Activity

Views on Energy News
4
10 January 2019
 
Posted by Dr Mamdouh G. Salameh

The global oil market and its leaders

2018 had seen oil prices buffeted by bullish and bearish influences with oil prices seesawing from $66.87 a barrel on the first day of the year, to a high of $87 in early November then slumping before Christmas to a disappointing $54.10.

Who gets what?

But there were other forces at play that significantly influenced the price of oil in 2018. These forces were personalities whose decisions, utterances and in some cases farsightedness impacted directly on oil prices and the global oil market and may equally do so in 2019 as well.

20 November 2018
 
Posted by Dr Mamdouh G. Salameh

The Founding of OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) is an intergovernmental organisation of 15 nations founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia and Venezuela) and headquartered since 1965 in Vienna, Austria. OPEC accounts for an estimated 42.6% of global oil production and 71.8% of the world’s proven oil reserves giving it a major influence on the global oil market and prices that were previously controlled by the so-called “Seven Sisters” (Exxon, Mobil, Chevron, Gulf Oil, Texaco, BP & Shell) cartel of the world’s largest multinational oil companies.

02 October 2018
 
Posted by Dr Mamdouh G. Salameh

Sustainability is the practice of maintaining processes of productivity indefinitely—natural or human made—by replacing resources used with resources of equal or greater value without degrading or endangering natural biotic systems. Sustainable development binds together concern for the natural systems with the social, political, and economic challenges faced by humanity.

The three pillars of sustainable development are the economy, energy and the environment.  Interaction between these three pillars sustains a growing global economy which provides employment for millions of people and a decent standard of living in a healthy environment and the energy means that help enhance the quality of our life and mobility. The global economy has to be in a continuous state of healthy growth if it is to be able to feed 7.5 billion of people.

01 October 2018
 
Posted by Dr Mamdouh G. Salameh

Since the withdrawal of the United States from the Nuclear Deal with Iran and its decision to re-introduce sanctions on Iran particularly Iranian oil exports, analysts and experts alike have been competing with each other in their projections about how much Iran will lose from its oil exports as a result of the sanctions. Their projections have ranged from 500,000 barrels a day (b/d) to 1.5 million barrels a day (mbd) out of estimated Iranian oil exports of 2.125 mbd.

Most of these projections were, in my opinion, based on faulty assumptions and lack of understanding of the dynamics of the global oil market and virtually bordering on daydreaming and wishful thinking.

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. 

“The only indispensable superpower” is also a super-indebted power, and its biggest creditor happens to be its presumed chief strategic rival. Is it logical and workable to encircle one’s own banker militarily?

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
11 February 2019

On 30th January 2019, ESCP Europe Business School hosted the first round of the international case competition on sustainable development and innovation, organised by the Young Leadership Forum student society.

The Young Leadership Forum’s goal is to bring together young and motivated pioneers and leaders to reflect on and propose the solutions to society's most urgent issues. The society focuses on the values of leadership, creativity, innovation and social responsibility. Each year, the YLF organises a competition at four of ESCP Europe’s campuses (London, Madrid, Turin and Paris), and invites fellow students from Europe's leading universities to join. The competition opens with the first round taking place simultaneously in each city. The winners are later invited to the Grand Finale in Paris, taking place this year on 8th March. 

24 January 2019

When put to the vote, Theresa May’s Brexit deal was overwhelmingly rejected by Parliament. MPs voted 432 to 202 against the UK Prime Minister’s withdrawal agreement - the largest defeat for a sitting government in history. 

Despite May’s government surviving a no-confidence vote after this crushing defeat, the UK remains in Brexit deadlock as the 29th March approaches. Much uncertainty still hangs in the air for businesses and individuals.

03 December 2018

ESCP Europe Business School (London) lifted the Business School of the Year trophy at this year’s Times Higher Education Awards.

These awards, now in their 14th year and widely referred to as the “Oscars of higher education”, shine a spotlight on the exceptional achievements of individuals, teams and institutions working in our sector today.

15 November 2018

ESCP Europe Professor Dr Terence Tse shares new insights on the progress of AI.

The global AI race is moving faster than ever, with countries competing to become number one. 

However this rat race could cause disastrous consequences for the world, according to new research from ESCP Europe.

01 November 2018

Governments and businesses representatives from various industries have expressed their concerns about the absence of a clearly set framework at this stage. Despite recent progress on the European Union and the United Kingdom talk up chances of securing a deal with the hope to deliver a pragmatic outcome, politicians also plan for a worst case scenario, and advise companies to be prepared for “disruption”. 

AS THE GOVERNMENT OF THE UNITED KINGDOM FACES THE FINAL 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 (CCFGB).

 

Energy Headlines
15 February 2019
Canadian Gas Dialogues - Early Bird Ends today!
New Speaker Confirmed and Fortis BC joins as Sponsor for the Networking Reception.
15 February 2019
Argentina Strikes Better Gas Deal With Bolivia
Argentina to see savings of $460mn.
15 February 2019
Argentina Holds First Electronic Gas Market Auction
Second auction planned for today.
15 February 2019
Why Oilmen Will Never Be Interested In Renewables [GGP]
As climate change tightens its grip on the world, Congressional Democrats have proffered the Green New Deal, the latest attempt to shift us “away from oil” and toward wind and solar.
15 February 2019
More Success for UK Shale Exploration: Igas
The company may apply for permission to hydraulically fracture the shale in the early summer, if the encouraging tests continue to support the investment.
15 February 2019
EIA adds new play production data to shale gas and tight oil reports
In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil made up 16% of total U.S. gas production and about 12% of U.S. total crude oil production.
15 February 2019
2019 Set To Be Stellar Year For LNG [LNG Condensed]
The LNG industry will see a sea change in the investment outlook in 2019. Projects that have been on the board for some time look likely to receive that all-important final investment decision (FID), unleashing a new wave of industry spending targeted at a growing supply deficit in the mid-2020s, dr...

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03 OCTOBER 2019

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