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13 August 2018

How Vulnerable are the World’s Key Oil Chokepoints

Posted by Dr Mamdouh G. Salameh

While everyone has been watching the Strait of Hormuz amid rising tension between the US and Iran, a chokepoint on the other side of the Arabian Peninsula is now at the centre of attention.

The recent attack by the Houthi rebels in Yemen on two Saudi oil tankers each carrying 1 million barrels of oil in the Strait of Bab al-Mandeb and Saudi Arabia’s suspension of oil shipments through the Strait have demonstrated how vulnerable the world’s key oil chokepoints are and how easy it is to disrupt global oil traffic.

17 July 2018

A Confrontation between Donald Trump & Angela Merkel Over the Nord Stream 2 Gas Pipeline

Posted by Dr Mamdouh G. Salameh

US President Trump broke all norms of diplomacy and protocol during the NATO meeting in Brussels on the 11^th of July 2018, when he accused Germany of being “a captive of the Russians” because of its dependence on Russian energy supplies. He went on to say that “Germany is totally controlled by Russia because they will be getting 60-70% of their energy from Russia and a new pipeline”.

He was, of course, referring to the jointly European and Russian-financed Nord Stream 2 gas pipeline that would deliver a total of 110 billion cubic metres per year of Russian gas supplies under the Baltic Sea, to Germany and the European Union (EU) thus bypassing the Ukraine. It will be completed by the end of 2019.

19 June 2018

How Did the Oil Markets Judge the US/North Korea Summit?

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

US Withdrawal from the Iran Nuclear Deal is a Major Mistake

Posted by Dr Mamdouh G. Salameh

US President Trump announced on the 8^th 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.

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Is US President Donald Trump Trying to Provoke a Showdown with China?

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.

Energy realities or modelling: Which is more useful in a world of internal contradictions?

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

Economic Instruments to Combat Climate Change in Asian Countries

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.

The Limits of Mainstream Economics. From Epistemics to Scenarios: Linking Uncertainty to Business Planning for an Uncertain Future

Prof. Michael Jefferson

Reports & others

Author: Prof. Michael Jefferson, Editor of the journal Energy Policy; Affiliate Professor, ESCP Europe; Professor, University of Buckingham.

Energy Markets and Policy Implications

Special Issues

Journal: Energy Policy

Guest-editors: Dr. Kostas Andriosopoulos, Prof. 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.

To build or not to build: is financing the question?

Cole, O.

Magazines' articles

Magazine: INFO.

Author: Dr. Othman Cole, Assistant Professor of Finance, ESCP Europe.

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Newsroom

31 July 2018

How to make a real impact in the industry?

We are aiming for an ideal world powered only by renewables but today's economy still needs oil and gas.

It's key for any energy programme to have a holistic approach and cover all these industries and the MSc in Energy Management does exactly that.

This epic video follows three participants as they expand their horizons in London, Paris and Singapore. Find out how the programme has changed their lives, their outlooks, and their career prospects.

27 June 2018

2018 Energy Management International Seminar

ESCP Europe's students on the MSc in Energy Management (MEM) and Executive Master in Energy Management (EMEM) attended a week-long International Seminar in Washington, DC & Houston, TX from 17th-22nd June. This annual study trip was organised by ESCP Europe with the support of its Research Centre for Energy Management.

Our participants gained a deep understanding of the American energy industry and other key international markets from a series of lectures and workshops delivered by top industry experts. The trip included visits to: The U.S. Department of State, Center for Strategic & International Studies, Library of Congress, GE Ventures, Accenture Strategy Energy, Tellurian plant, Ocean Star Offshore Drilling Rig Museum and Education Center. They also attended the launch of BP’s 2018 Statistical Review at the Atlantic Council’s premises.

23 May 2018

In Memoriam Nicole Fontaine

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

Artificial Intelligence: The Future of Businesses, Society and Everyday Life

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

ESCP Europe Energy Talks – Key Insights of the Energy Trading Markets

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?

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