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Energy Risk Management 2009 will tackle the challenges facing the energy industry in difficult times. With a focus on Financial and Project risk, our expert line up of speakers will come together to discuss the options and debate solutions in this timely and interactive conference.

 

Key topics will include:

  •  The new challenges of 2009
  • Critical reviews of risk management practices in the industry
  • The impact of increased default risk
  • Using insurance as a risk management tool
  • Increasing effectiveness of strategic and project risk management

 

There has never been a more fitting time for SMi to hold their fourth annual Energy Risk Management conference. This is a unique opportunity for risk control officers, risk managers and risk analysts to come together to discuss and debate the predominant issues facing the industry.

 

The conference will hear from the industry, financiers, technology providers and specialist consultants to give a comprehensive analysis of the commodity trading, default risk, project risk and insurance all of which are having a major impact on international energy risk teams.

 

LEARN to how the major international energy companies manage their risk in difficult times

HEAR from key experts about best practice techniques and understanding new risks facing the energy industry in 2009

GAIN unprecedented insight into new technologies to aid your company’s risk management processes

DISCOVER how traditional risk management frameworks can be used for emerging energy sources

BENEFIT from networking opportunities with leading industry professionals


Feedback from Energy Risk Management 2008:

“Excellent content and companies involved, compact numbers and interactivity”

Mike Davis, Global Editorial Director, Risk Management, Platts


“Highly skilled speakers; a very good knowledge pot”

Jacqueline de Lima Castro Campos, Risk Manger, Petrobras


“Best”

 Uwe Schulz, Chief Risk Officer, RWE Supply and Trading GmbH

All those involved in managing the risk for the energy sector including:

  • Chief Risk Officers
  • Risk Mangers 
     
  • Risk Control Officers
  • Commodity Traders
  • Chief Financial Officers
  • Finance Risk managers
  • Market Analysts

 

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Mike Davis

Mike Davis, Director, Market Development, ICE Futures Europe

9:10 NEW CHALLENGES FACING ENERGY RISK TEAMS IN 2009

James  Allison

James Allison, Regional Risk Manager, Natural Gas and Power, North America, Conocophillips

·                 What are the new challenges we are facing in 2009

·                 How can they be dealt with and mitigated?

·                 Long-term or short-term

9:50 MACRO ECONOMIC IMPACTS OF OIL PRICE DYNAMICS

Marc Brammer

Marc Brammer, Director of Research, Innovest Strategic Value Advisors

·                The Bad: Energy price volatility

·                The Good: Alternative energy potential and energy efficiency

·               And the Ugly: The push for “unconventional” oil development

10:30 Morning Coffee

11:00 UTILISATION OF RISK MANAGEMENT PROCESSES FOR LARGE ENERGY CONSUMERS

Mark Dickinson

Mark Dickinson, Managing Director, Encore International Ltd

·          How do large Consumers Manage Energy Risk?

·          How Suppliers and Financial Institutions can add value to the energy  consumer

·          Why do energy consumers manage energy risk?

11:40 HOW INCREASED DEFAULT RISK IS AFFECTING THE MARKET IN 2009

Rune Nilsen

Rune Nilsen, Corporate Risk Manager - Tactical Risk, StatoilHydro

·                 How default risk affects liquidity in the market.

 

·                 How a slow down in economy affect different oil products

 

·                 Challenges in procedures for reducing credit lines.

 

 

 

 

12:20 Networking Lunch

13:50 CRUDE BENCHMARKS IN THE 21ST CENTURY

Mike Davis

Mike Davis, Director, Market Development, ICE Futures Europe

  • What makes a price benchmark, and who needs them?
  • Defining and refining, logic and liquidity
  • Derivatives and underlyings
  • The status quo, trends and pricing evolution
  • Liquidity, correlation, hedging and investment
  • The credit crunch and the nature of oil pricing
  • Where are the future oil benchmarks?
  • 14:30 USING INSURANCE AS A RISK MANAGEMENT TOOL

    George Axiotis

    George Axiotis, Head of Structuring and Modelling, RWE npower

    ·                Risk Capital

    ·                The importance of involving the insurance market in risk management.

    ·                Using insurance as a risk mitigation tool

    15:10 Afternoon Tea

    15:40 BEST PRACTICES AND PRINCIPLES IN STATIC AND RISK MODELLING: COMPARISONS AND EXAMPLES USING @RISK

    Michael Rees

    Michael Rees, Director of Training and Consulting, Palisade Europe

    ·    Selected best practice modeling principles

    ·    Application of these principles to static and risk modeling: An analysis and comparison

    ·    Example models using Excel and @RISK

    ·    Conclusion: benefits and challenges in risk modeling

    16:20 UNDERSTANDING AND MANAGING CLIMATE POLICY RISK IN ENERGY INVESTMENT

    Derek Bunn

    Derek Bunn, Professor, London Business School

    ·                 Energy sector exposure to carbon prices and policies

    ·                 The institutional drivers of carbon policy risk and price risk

    ·                 Carbon price uncertainty in risk management

    ·                 Carbon price uncertainty in energy investment

    17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    James Kimmance

    James Kimmance, Head of Risk Management, PB

    9:10 SUMMARY OF TRADE FLOWS IN GLOBAL OTC OIL MARKETS

    Paul Hailey

    Paul Hailey, Managing Editor, Platts

    ·                Liquidity in OTC oil markets

    ·                Data Reliability

    ·                OTC Vs. Screen Trade

    ·                The needs of risk managers – which data type do they need.

    9:50 INTEGRATED ENTERPRISE RISK MANAGEMENT FOR THE NEW BUSINESS REALITIES

    Michael Schwartz

    Michael Schwartz, Chief Marketing Officer, Triple Point Technology

    ·         Understand how to gain a reliable view of risk and why it seems so hard

    ·         Learn the consequences of organizations managing market, credit, regulatory and operational risk in silos

    ·         See the framework required to succeed in an era of tighter credit, greater volatility and more stringent regulations

    ·         Discover how to get actionable information to the appropriate person on a timely basis

     

    10:30 Morning Coffee

    11:00 USING A RISK MANAGEMENT PROCESS IN THE TENDERING AND EXECUTION OF BILLION DOLLAR PROJECTS

    Colin Hough

    Colin Hough, Manager, Technical Risk Management, Chough Consulting

  • Risk identification methodology
  • Mitigation strategies
  • Distribution of risks - company vs. contractor (is equitable sharing possible?)
  • Pricing of risk - who pays?
  • Management during execution

     

  • 11:40 INCREASING EFFECTIVENESS OF STRATEGIC AND PROJECT RISK MANAGEMENT

    James Kimmance

    James Kimmance, Head of Risk Management, PB

  • Strategic, Programme and Project Risk integaration as part of the Enterprise Wide Risk Management approach
  • Problems of implementation - Top Down/Bottom Up
  • Linking the strategic and enterprise view with the wide range of programmes and projects undertaken in the energy sector
  • Key drivers and practices for imporved risk management persormance for success
  • 12:20 Networking Lunch

    13:50 ALTERNATIVE ENERGY BUSINESSES - CASE WHERE RISK MANAGEMENT MAKES THE DIFFERENCE

    Amir Shuja

    Amir Shuja, Global Head - Valuation Control Group, Chief Investment Office, , JP Morgan Chase

    ·                 3 alternative energy business opportunities

     

     

     

    ·                 How the ability to quantify and manage risks is the missing key to getting a successful launch

     

     

     

    ·                 The risks that exist

     

     

     

    ·                 Overcoming the preventative barriers

     

     

     

     

     

     

     

    14:30 PRICE RISK MANAGEMENT - AN ANALYTICAL APPROACH

    Karl Randall

    Karl Randall, Managing Director, Gresham Sàrl

    ·                Goals and metrics of price risk management

    ·                Defining the optimal hedge

    ·                Price risk management products, costs and benefits and limitations

     

    15:50 IDENTIFYING AND MANAGING POLITICAL RISK

    Paul  Domjan

    Paul Domjan, Director, John Howell & Co Limited

              The political impact of the credit crunch on producing nations: what to realistically expect?

     

              The changing shape of NOC competition in a low-price world

     

              Preparing politically for price recovery

     

     

     

     

     

     

     

    16:30 Chairman’s Closing Remarks and Close of Conference

    16:40 Afternoon Tea

    +

    Workshops

    Copthorne Tara Hotel

    Scarsdale Place
    Kensington
    London W8 5SR
    United Kingdom

    Copthorne Tara Hotel

    The Copthorne Tara Hotel London Kensington is an elegant contemporary four-star hotel in prestigious Kensington, located just a two minutes walk from High Street Kensington underground station, making exploring easy. The hotel offers well-appointed and comfortable guest rooms combining Standard, Superior and Club accommodation. Club rooms offer iconic views over the city and include Club Lounge access for complimentary breakfast and refreshments. Guests can sample the authentic Singaporean, Malaysian and Chinese cuisine at Bugis Street, traditional pub fare at the Brasserie Restaurant & Bar or relax with a delicious drink at West8 Cocktail Lounge & Bar.

    The Copthorne Tara Hotel boasts 745 square meters of flexible meeting space, consisting of the Shannon Suite and the Liffey Suite, ideal for hosting conferences, weddings and social events. Facilities include access to the business centre 24 hours a day, fully equipped fitness room, gift shop, theatre desk and Bureau de Change. With ample onsite parking outside the London congestion charge zone and excellent transport links via Heathrow Airport, the hotel is the perfect location for business or leisure stays. The hotel is within close proximity to the shops of High Street Kensington, Knightsbridge and Westfield London, Olympia Conference Centre, Royal Albert Hall, Kensington Palace and Hyde Park.

     

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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