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As the Energy Industry becomes a more attractive option to investors, SMi's inaugural event will examine the latest methodology and strategies employed by the world's leading Energy Organisations to control commercial and financial risk.

With over 16 key industry speakers, this conference promises to be an invaluable source of information on risk management in the Oil and Gas industry. We will be discussing the Micro and Macro fundamentals of this industry, how the leading organizations in Oil and Gas mitigate, benchmark and control risk, what financial tools and strategies they utilise and what role alternative investments play in this volatile market.

Risk management is one of the most important issues facing most Energy companies. It is the very key to the success of any company operating in markets as volatile as those in the energy sector.

By attending you will

LEARN from the leading industry experts that define today’s top Oil and Gas Risk strategies

LISTEN to real life experiences and in-depth practical case studies from the most influential players shaping the energy risk financial industry

GAIN valuable insight in effective market strategies, financial tools and alternative investments

DISCOVER why risk management plays such an important role in this volatile market and how you can develop your companies risk portfolio

BENEFIT from unparalleled networking opportunities and information gathering in a close-knit forum of leading industry professionals

Our exceptional speaker line up includes two full days of expert presentations from

DTI, Ofgem, BP, BG Group, Shell, ConocoPhillips, ENi E&P, Statoil, EnCana, Repsol YPF, MOL Group

Also gain valuable financial and investment perspectives from

The European Investment Bank

For Further information contact:
Jamison Nesbitt
Head of Energy
SMi group Ltd
+44(0)20 7827 6746
jnesbitt@smi-online.co.uk

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Martin  Wadhwani

Martin Wadhwani, Managing Director , The I.C.E Data

9:10 Energy Price Dynamics

Tera  Allas

Tera Allas , Director of Energy Market Economics , DTI

  • Recent trends in oil, coal, gas, power and CO2 prices
  • Price inter-relationships and cross-commodity influences
  • Key drivers of prices and the role of fundamentals
  • Role of market tightness, price signals and volatility
  • Case study: UK wholesale gas prices and implications
  • 9:50 Energy Market Fundamentals

    Jamie  Hamilton

    Jamie Hamilton , Group Head - Market Fundamentals, BG Group

  • Drivers for oil and gas prices
  • Failure of established models
  • Is this the peak?
  • Towards a new paradigm?
  • 10:30 Morning Coffee

    10:50 The EU's Energy Policy

    Thomas C Barrett

    Thomas C Barrett, Director, European Investment Bank

  • Diversification of EU energy supplies and security of supply
  • Alternative fuels to meet growth in EU demand
  • Energy policy relationships with EU neighbourhood countries
  • Financing of new energy policy initiatives
  • 11:20 Measuring Market Risk

    Olivier  Herbelot

    Olivier Herbelot, Head of Market Risk, IST, BP

  • The use of VAR as a market risk measure
  • Illiquid markets
  • Real options and challenges for market risk
  • 12:00 Risk quantification

    Kevin  Kindall

    Kevin Kindall , Director of Quantative Analysis, Conocophillips

  • Estimating Value At Risk and other market risk measures
  • Determining counterparty exposures
  • Model validation and benchmarking
  • Creating useful risk reports: data quality issues and information technology challenges
  • Policy implications
  • 12:40 Networking Lunch

    13:50 The Eni E&P risk management process

    Paolo  Rossi

    Paolo Rossi , DMS (Development Management System) Deployment Manager, Eni Spa

  • Risk identification
  • Risk evaluation: the qualitative and quantitative approach
  • Risk response planning and control
  • A tool to conduct risk workshops
  • A scoring approach for the qualitative analysis
  • 14:20 Risk management and control through benchmarks

    Juan Manuel  Martín Prieto

    Juan Manuel Martín Prieto, Corporate Risk Manager , Repsol YPF

  • How to set a benchmark: natural risk profiles and cost-benefit analysis of hedging
  • Distinguishing risk-taking from economic hedging (and from accounting hedging)
  • The analogy with the management of an investment fund
  • Application to asset optimisation
  • Application to financial management
  • 15:00 Afternoon Tea

    15:20 Financial Risk Management - Beyond Hedging

    Scott Dalton

    Scott Dalton , Director, Market Risk Management, EnCana Petroleum Ltd

  • Creating a coherent definition that can aid in decision making
  • Making a measure explainable to a non-technical audience
  • Gathering buy in for the measure from various levels of the organisation
  • Designing a consistent process to generate the measure
  • 16:00 The role of rapid intervention in risk management

    Greg Noval

    Greg Noval, President, Canadian Superior Energy Inc

  • Geological risk
  • Technological risk
  • Market risk
  • Political and regulatory risk
  • Financial risk
  • 16:30 Taking risk out of innovating

    Leo Roodhart

    Leo Roodhart, Manager Strategic Innovation , Shell

  • Applying a well managed innovation process
  • Utilising long term global scenario’s in giving direction to "innovators"
  • Managing the portfolio of innovation projects by employing strategic lenses
  • How to gain insight in
    -the risked value of the total innovation portfolio
    -gaps in the portfolio
    -alignment with strategic business directions
  • 17:00 Upping The Ante

    Eldon  Klaassen

    Eldon Klaassen, Founder and Chief Executive Officer, Allegro Development

  • A confluence of technology advances is setting a higher standard for decision support in energy transaction and risk management,
  • Innovative players now have a powerful advantage across the spectrum of physical and financial transactions
  • Learn about technology advances including multi-dimensional decision analytics, full integration of physicals and financials, real-time market data and more
  • 17:40 Chairman’s Closing Remarks and Close of Day One

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Martin  Wadhwani

    Martin Wadhwani, Managing Director , The I.C.E Data

    9:10 GB Energy Markets

    Jo Witters

    Jo Witters , Head of Wholesale Markets policy, Ofgem

  • Moving from 'energy island' to energy importer
  • European/global gas market - moving forward with wider market liberalisation
  • The role of the demand side - increased opportunities rather than risks?
  • Information is key - working to remove elements of uncertainty in market
  • 9:50 Political and geopolitical peak oil

  • High oil prices have led to serious concerns about geological peak oil
  • The real peak that has been reached is political, as OECD production is
  • exhausted and new production is hampered by political and security concerns
  • The growth of unconventional hydrocarbon production threatens to make
  • supply even more inelastic
  • Continued tight refining margins and excessive regulation prevent
  • sufficient future investment in refining
  • These factors ensure that price volatility will continue to increase
  • Richard  Savage

    Richard Savage , corporate risk manager energy trading , Bank Of America

    Paul  Domjan

    Paul Domjan, Director , JH&CO

    10:30 Morning Coffee

    10:50 EWRM in Statoil, a case study

    Petter Kapstad

    Petter Kapstad , Senior vice president of Corporate Risk, Statoil

  • Statoil’s overall risk picture
  • Why has Statoil chosen EWR approach?
  • EWR from single transaction to M&A transaction
  • Implementing operational risk in a EWR management framework
  • 11:30 Risk Mapping

    Bruce Garrett

    Bruce Garrett, Managing Director, Marsh

  • How hungry for risk are the global insurance and reinsurance players?
  • How to differentiate between different categories of risk?
  • Is risk transfer the only solution?
  • A perspective on some risk management strategies
  • 12:10 Networking Lunch

    13:20 Implementing Enterprise Wide Risk Management at MOL Group

  • Introduction of MOL Group and the evolution of risk management
  • Sharing the experiences of the implementating ERM methodology accross the organization
  • Mapping, measuring and reporting Financial, Operational and Strategic risks at Group level
  • Setting risk limits and opmitising risk management strategy accross different classes of risks
  • How to use ERM results in key decision making processes (i.e. capital allocation, KPI-s,strategic planning)
  • Tibor Papp

    Tibor Papp , Group Risk Manager , MOL Group

    14:00 ERM - one size fits all?

    Richard  Sharman

    Richard Sharman , Partner, Risk Advisory Services, KPMG

  • What does Enterprise Risk Management (ERM) mean for the energy sector?
  • What is driving energy market participants to consider ERM?
  • How do they apply it?
  • What benefits are they achieving?
  • What challenges are they facing?
  • 14:40 Developing and evaluating a successful Hedging program

    Brett Friedman

    Brett Friedman, Managing Director , Risk Capital

  • Financial metrics resulting from
    -existing operations
    -acquisition targets
  • Exposure identification through simulation
  • Financial metric sensitivity
    -linear, non-linear exposures
  • Matching products to the exposure given market conditions
  • Probability based analysis of hedging alternatives
  • Selecting the right hedge using hedge efficiency metrics
  • Hedge performance evaluation and tracking
  • 15:20 Afternoon Tea

    15:40 Will investments in Enterprise Wide Risk Management solutions pay

  • Work processes designed to capture even the less obvious risks
  • Value-chain models describing the technical and financial framework of the corporation
  • Risk impact analyses, bottleneck identification and need for insurance coverage
  • Risk reporting, immediate and longer term
  • Remi  Eriksen

    Remi Eriksen , Director, Det Norske Veritas (DNV)

    Henning  Gundersen

    Henning Gundersen, Head of Enterprise Risk Management Services, Det Norske Veritas A S (D N V)

    16:20 Hedgefunds in Energy

    Dr Gary  Vasey

    Dr Gary Vasey , Co-founder, Energy Hedge Funds Center, UtiliPoint International, Inc

  • Why hedge funds are attracted to energy
  • Energy hedge funds and commodity Trading
  • Trading Strategies and mangaging risk
  • Impact of hedge funds on energy markets
  • Carbon - an emerging market for hedge funds
  • Other hedge fund plays
  • Future implications
  • 17:00 Chairman’s Closing Remarks and Close of Conference

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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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