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Our Experts Activity

Views on Energy News
4
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).

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.

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 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.

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.

Energy Headlines
24 April 2018
[GGP] Is the Belt and Road Initiative set to enhance China’s energy security?
The Belt and Road Initiative (BRI) has been mapped out to oversee China’s internal development and foreign policies out of a host of intentions, among which enhancing China’s energy security is considered part and parcel of these important objectives. How should we understand the BRI’s...
23 April 2018
Oz Firm Invests in Zimbabwe Prospect Once Owned by Major
An Australia-listed company has secured an 80% stake in a previously unknown gas-condensate prospect in northern Zimbabwe.
23 April 2018
Liquids Drive Pa Production
Drilling is concentrated in high liquids regions
23 April 2018
[Promoted] Coastal GasLink Pipeline Awaits LNG Canada FID
TransCanada subsidiary has spent $400mn so far on pipeline link
23 April 2018
EY Values Ukraine Infrastructure at $12.5bn
The audit company has come up with a combined value for Ukraine's Soviet-built pipeline and storage assets,
23 April 2018
Pennsylvania’s natural gas production continues to increase
Pennsylvania’s marketed natural gas production averaged a record 15 billion cubic feet per day (Bcf/d) in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian Basin. Pennsylvania accounted for 19% of total U.S. marketed natural gas production in 2017 and produced more natural gas than any other state except Texas.
23 April 2018
Qatar Honours Ex-Exxon Chief Exec
A leading Qatari foundation is to make a lifetime achievement award to the first CEO of ExxonMobil.

Partners & Affiliates

Activity Agenda

Dec 2018
02 DECEMBER 2018

No events planned this day.

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