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Our Experts Activity

Views on Energy News
4
22 February 2021
 
Posted by John Valentino

Economic Expansion

Renewable and nuclear energy – the two largest sources of non-emitting technologies – do not need to be mutually exclusive if forward-thinking countries and companies can develop suitable complementary advanced energy management techniques.  New hybrid energy solutions could play to the strengths of the respective technologies while acknowledging the shifting dynamics of electricity markets that are adjusting to the realities of an increase in intermittent generation models.  And with developing countries frequently having more flexibility to design their grid structures (in comparison to pre-existing limitations in many first-world countries), the opportunities may exist to demonstrate these advances in emerging economies.  

19 February 2021
 
Posted by Dr Mamdouh G. Salameh

2020 will enter history books as the year of the COVID-19 pandemic which has inflicted the biggest damage on both the global economy and the global oil market since the Great Depression of 1929.

It will change the way we live in more ways than one. If anything, the pandemic has proven irrevocably how inseparable oil and the global economy are by demonstrating that destroying one automatically destroys the other and vice versa. 1

15 September 2020
 
Posted by Mamadou-Abou Sarr

In the family apartment in my hometown les Ulis (south suburb 20 miles away from Paris, France), I vividly remember spending the first few weeks of the month of May 2003 preparing from my master's oral exam for the ESCP Business School ....

12 June 2020
 
Posted by Samuele Furfari

In March 2020, for geopolitical reasons, Russia refused to go on with Saudi Arabia to adjust, along the rule of what is known as the OPEC+ deal, their oil extractions to world demand.  It was normal, because there were alerting signs that oil demand might drop due to the coronavirus in China. Moscow refused Ryad’s request to adhere to the production cutbacks in order to support the price. Saudi Arabia, stung to the core, reacted in the opposite way and declared its intention to increase its crude production to more than 10 million barrels per day in April, once the OPEC+ deal will expire at the end of March. In addition, it has announced reducing the price by $6 to $8 a barrel for all its crude to all destinations.  The consequence was not long in coming: the price of crude fell to around $32 a barrel. Oil futures suffered their biggest daily loss since 1991 during the Gulf War.

This geopolitical skirmish happens at the wrong moment. The Coronavirus epidemic was killing much more in Europe and USA than in China (officially!). Drastic measures taken everywhere to try to limit the pandemic had radical consequences on economy. In the face of the sharp drop in economic activity, demand for oil is in freefall. It is self-evident: airplanes that don't fly, cars that stay in the garage, deserted restaurants, closed cinema and stadiums, cancelled vacations cause the consumption of petroleum products to plummet. When disruptions occur in a huge market, speculators are quick to try to take advantage of the instability.

 

Research & Publications
6
Dr Mamdouh G. Salameh
EMC 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
18 February 2021

Miguel Gomez, Associate at the Carbon Trust and ESCP Business School’s MSc in Energy Management Alumnus (Class of 2019), reveals how we can link the pathways of environmental sustainability and economic growth.

The COVID-19 pandemic is an enormous challenge to economies and societies around the globe, but it must not thwart international efforts to mitigate climate change. Governments’ efforts are geared towards addressing the health crisis, and providing relief to affected businesses and workers. 

10 February 2021

Raka Sarkar, Associate at Finergreen – a financial and strategic advisory boutique that focuses on renewables – tells us how good is investing in renewable energy and how ESCP Business School’s MSc in Energy Management (MEM) equipped her with the right tools to thrive in her career.

An IEA report looked at the impact of COVID-19 on renewable energy deployment in 2020 and 2021. The assessment showed that the COVID-19 crisis is hurting – but not halting – global renewable energy growth. 

11 January 2021

We are delighted to announce that ESCP Business School’s MSc in Energy Management (MEM) Programme has been accredited by the Energy Institute for the purposes of fully meeting the requirements for MEI.

The Energy Institute accreditation confirms the top-quality education ESCP provides in partnership with industry leaders, and shows the School’s commitment to training the energy leaders of tomorrow.

05 October 2020

ESCP Business School and its Energy Management Centre (EMC) are delighted to announce that our eighth cohort of MSc in Energy Management students recently nominated the board members of the School’s Energy Society.

Board members offer leadership for carrying out the society’s initiatives and engage ESCP students from all campus in industry-related events, maximise networking opportunities and help them develop professional skills through a range of activities:

02 March 2020

Young talented students from prestigious universities met at the ESCP London Campus on 28th & 29th February to participate in the 2020 School’s Energy Trading Challenge.

Jointly organised by our 2020 MSc in Energy Management (MEM) students, in collaboration with Smart Global, ESCP Business School, and its Energy Management Centre (EMC), 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
26 February 2021
Indian CNG sector gets a boost [NGW Magazine]
High petrol prices at the pump have given gas an advantage: the popularity of CNG cars is continuing to grow, while offshore finds help security of supply. [NGW Magazine Volume 6, Issue 4]
26 February 2021
Qatar Strikes LNG Supply Deal with Pakistan
The deal builds on a contract signed between the two countries in 2016.
26 February 2021
UK Centrica Loses out on Covid, Markets
Output and prices were down but the sale of Direct Energy yielded a £600mn profit and it has shortened its time-frame for carbon neutrality.
26 February 2021
Gazprom Suspends Output at Siberian Field After Fire
The incident comes days after an explosion at a pipeline carrying Russian gas to Kazakhstan.
26 February 2021
City gas swells in China [NGW Magazine]
Urban gas demand is growing fast with the switch from coal but not all distributors have the same plan. Success depends on their insulation from external factors. [NGW Magazine Volume 6, Issue 4]
26 February 2021
Cold weather results in near-record withdrawals from underground natural gas storage
Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the U.S. Energy Information Administration's (EIA) Weekly Natural Gas Storage Report (WNGSR). Weekly stocks fell by 338 billion cubic feet (Bcf) in the week ending February 19, 2021, nearly three times the average withdrawal for mid-February. A record amount of natural gas, 156 Bcf, was withdrawn during that week in the South Central region, which includes Texas.
26 February 2021
Need for Flex Drives US Permian M&A
With highly variable global oil demand comes the need for variable production.

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24 DECEMBER 2021

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