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Our Experts Activity

Views on Energy News
4
22 May 2019
 
Posted by Dr Mamdouh G. Salameh

Despite efforts by John Bolton the hawkish neo-conservative National Security Adviser to President Trump and Israel’s Prime Minister Benjamin Natanyahu to push the United States to go to war with Iran, war is neither an option for Iran nor for the United States.

Iran is not seeking a war with the United States but it will retaliate if its crude oil exports were prevented from passing through the Strait of Hormuz. And while it will be virtually impossible to block the Strait completely, Iran can nevertheless mine it and wait for an oil tanker loaded with oil to hit a mine. That alone could deter oil tanker owners and insurance companies from sending their tankers across the Strait. Alternatively, Iran could threaten to sink an oil tanker. That could have the same effect like mining the Strait.

13 May 2019
 
Posted by Dr Mamdouh G. Salameh

Last month Saudi Aramco hit the news when it was named as the world’s most profitable company with revenue of $224 bn, a net income of $111 bn and a free cash flow of $86 bn against a total debt of $27 bn in 2018.

There was a lot of fanfare about Saudi Aramco created by investment banks which benefited hugely from Saudi Aramco’s launch of a major bond issuance to help finance its acquisition of 70% stake in Saudi petrochemical Basic Industries Corporation (SABIC).

11 April 2019
 
Posted by Victoria Di Pace

The evolution of battery-powered vehicles

The coming of battery-powered cars has a long history. In 1799, the Italian Alessandro Volta established the scientific principles regarding storage of electricity in electrochemical form by putting two different types of metals—electrodes and the electrolytes—into contact, which led to the creation of the first electric cell. In 1859, the French physicist Gaston Planté developed the first acid battery. Electric vehicles (EVs) appeared with the advent of the automobile and accounted for one third of vehicles in the United States in the 1900s, before being displaced by more competitive internal combustion engines (ICEs) (1).

In recent years, there has been a rekindling of interest in EVs, as governments look to tackle carbon emissions from transportation sectors, contributing over 20% of total global emissions (2). The quest for energy independence and technological ownership are also factors driving government support for EVs (3). Norway and California have implemented subsidy programmes towards such ends. The United Kingdom and France have recently announced that they will ban the sale of fossil-fuel automobiles after 2040.

08 April 2019
 
Posted by Edouard Lotz

Within the European Union (EU), one of the key aspects of its energy strategy is to ensure the security of supply. This objective was introduced in the 2007 Lisbon Treaty, in its article 176A:

“The Union policy on energy shall aim, in a spirit of solidarity between Member States, to ... ensure security of energy supply in the Union” (1).

As a significant portion of the energy consumed in Europe is imported from Russia, it is crucial for the EU to reduce its dependency. The Lisbon Treaty vows to procure to the EU a roadmap to build a resilient energy network within its territory, as well as to diversify import channels.

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
17 May 2019

Many worry that the growth of digital transformation and AI will lead to machines and robots replacing human workers and see this advancement in technology as a threat, rather than as an opportunity to better ourselves.

PWC reports on AI shows that 67% of executives surveyed say the technology will help humans and machines work together, and to be stronger using both artificial and human intelligence.

18 April 2019

We have entered in an era of significant challenges but also opportunities for the region of South –East Europe when it comes to energy, but what is the future of the region both in the European Union (EU) and globally?

 “South –East Europe will play a pivotal role in the energy sphere in the EU, particularly with Greece and its huge discoveries of natural gas reserves in the Eastern Mediterranean. Also the TurkStream gas pipeline will bring Russian supplies to Turkey and the EU. In addition, the Trans Adriatic Pipeline (TAP) will bring Caspian gas supplies via Turkey into the European Union” says Dr Mamdouh G. Salameh, International Oil Economist; Visiting Professor of Energy Economics at ESCP Europe in London and Speaker at the 4th HAEE Symposium to take place in Athens on 6-8 May, 2019. 

09 April 2019

On 18th March 2019 ESCP Europe's London Campus hosted another of its ‘Re-Thinking Europe’ events, looking at the state of the Brexit process and its impacts.

London Campus Dean and Brexit commentator Professor Simon Mercado was joined by litigator and parliamentarian Lord David Gold and by leading businessman, Tony Matharu to examine the latest developments in the Brexit process. Expert interviews were followed with an open Q&A session around the theme of: 'Brexit: Quo Vadis?' Topics discussed during the event included the likely fate of the Prime Minister’s Brexit deal; the Irish Backstop problem; and the prospects for both a general election and second referendum. 

14 March 2019

René Mauer and Lisa Steigertahl released the “EU Startup Monitor” during the European Commission's annual SME Assembly. The teachings of the only startup study purely based on primary inputs of active European founders, present the most comprehensive overview of the current startup landscape and can help shape Europe’s policies.

The SME Assembly, which took place on 21 November in Graz, Austria, is the most significant event for small and medium-sized enterprises (SMEs) in Europe, and creates the governance structure of the Small Business Act with the network of SME Envoys.

27 February 2019

Young talented students from prestigious universities met at the ESCP Europe's London Campus on 22nd & 23rd February to participate in the 2019 School’s Energy Trading Challenge.

Jointly organised by our 2019 MSc in Energy Management (MEM) students, in collaboration with Smart Global, ESCP Europe, and its Research Centre for Energy Management (RCEM), this year’s challenge sponsored by Glencore provided an excellent platform for students to learn key insights on trading oil and gas products. 

Energy Headlines
23 May 2019
UK Grid Operator Fined for Poor Service
The company has admitted to a string of failures and is paying a record fine as a result.
23 May 2019
Finland to Unbundle Grid from 2020
The state-owned company will then have to separate its supply and trade from its transport business.
23 May 2019
Oz Port Kembla Import Terminal Signs Up First Customer
Port Kembla terminal expects to start importing LNG from 2020.
23 May 2019
BW Offshore to Spin off BW Energy
BW Energy, established in late 2016, has since developed a portfolio of upstream oil and gas assets in West Africa and Brazil.
23 May 2019
Sanctions loom over Russian LNG ambitions [LNG Condensed]
With the world’s largest gas reserves and growing access to Asian markets, Russia undoubtably has the capacity to play in the LNG premier league. However, project development for Russia requires both foreign capital and technology, both areas where tougher US sanctions could retard the country’s LNG ambitions to the benefit of its competitors. Tougher sanctions would not just slow increases in capacity, but development of indigenous, full LNG supply chain capabilities.

[LNG Condensed]

23 May 2019
California gasoline prices increase following refinery outages and declining inventories
In early May, the California retail gasoline price averaged $4.01 per gallon (gal), surpassing the $4/gal mark for the first time since 2014. By comparison, the U.S. retail gasoline price averaged $2.90/gal. Much of the recent increase in California’s gasoline prices is attributable to refinery outages—both planned and unplanned—and falling gasoline inventories in the region
23 May 2019
Cyprus natural gas: business as usual? [GGP]
After a relatively short lull, following the excitement created by the discovery of Glafcos gas-field by ExxonMobil in block 10, Cyprus’ natural gas is back in the limelight. But is it business as usual? The short answer is no. But let’s look at what is happening.

Partners & Affiliates

Activity Agenda

May 2019
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28 MAY 2019

No events planned this day.

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