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3rd Annual
Managing Oil and Energy Risk
WEB: www.oilriskmanagement.platts.com
PhonE: +44 (0)20-7176-6300
FAX: +44 (0)20-7176-8512
EmAil: [email protected]
Quick & Easy Ways to Register!
Hear from the industry’s leading organisations including:
• The Futures and Options Association
• E-Control – Austrian Energy Regulation Authority
• European Commission
• RWE npower
• MOL
• ERG
• Statoil
• Mercuria
• Barclays Capital
• J.P. Morgan
• Citigroup
• Next Energy Group
• JBC Energy
• TriOptima
• Eco Risk Markets
• Platts
• Exclusive Analysis
Key speakers from our 2011 speaker faculty include:• Anthony Belchambers, Chief Executive, The Futures and Options Association• Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority • Jan Panek, Head of Unit for Coal and Oil, European Commission• George Axiotis, Head of Risk Control, RWE npower• Gabor Horvath, Head of Risk Management, MOL• Domenico Floro, Risk Manager, ERG• Rob Manicke, Corporate Director of Quantitative Analysis, Statoil• Rudolf Huber, Chief Executive Officer, Next Energy Group• Johannes Benigni, Managing Director, JBC Energy• Chris Mudry, Chief Risk Officer, Mercuria• Mats Kjaer, Vice President - Quantitative Analysis, Barclays Capital• Susan Lilja, Executive Director, J.P. Morgan• Navin Parasram, Head of Commodity Exotics Trading, Citigroup• Mattias Palm, Business Manager, TriOptima• Paul Waine, Director - Risk Data Services, Platts• Randy Wilson and Evan Zuckert, Market Principals, Eco Risk Markets• Simon Thorne, Editorial Director, Platts• Anguel Grigorov, Director of Risk Data, Platts• Teymur Huseynov, Head of Energy Consulting, Exclusive Analysis
Register by 14 October 2011 and save $200
29-30 November 2011 • Mandarin Oriental Hotel, Geneva, Switzerland
Media partners:
www.oilriskmanagement.platts.com
Principal media partners:
Key areas to be explored:Based on research conducted with external customers and with our relevant editorial teams, Platts have put together what we believe to be our most comprehensive and structured risk management event to date. The conference has been divided into key themes which have been identified as critical to understanding how to manage oil and energy risk in 2011, highlights include:
• Strategic outlook: Hear about the current regulatory landscape and an overview of macroeconomic factors with insight from the EU Commission, the Austrian Energy Regulation Authority and The Futures and Options Association
• Managing market risk: Views from the financial and energy sectors on how to master volatile markets with presentations from ERG and Citigroup
• Mitigating credit risk: Discover how RWE npower, J.P. Morgan and Barclays Capital are ensuring they have effective counterparty management processes in place
• New market dynamics: Updates on oil and gas industry specific drivers from Next Energy Group and JBC Energy
• Risk management technologies and methodologies: MOL, Statoil, Mercuria and TriOptima bring you the latest initiatives designed to help implement a companywide risk management strategy
• Brand new for 2011! Benefit from Platts exclusive risk data and forward curve methodology forum
Mitigating risk, regulatory change and volatility...
Quick & Easy Ways to Register! WEB: www.oilriskmanagement.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: [email protected] Register by 14 October 2011 and save $200
Conference day one - Tuesday 29th November 2011
08.30 Registration and continental breakfast
09.00 Chairman’s opening remarks
Anthony Belchambers, Chief Executive, The Futures and Options Association
An outline of the pre-crisis programme for commodities regulation and the impact of the crisis on regulatory objectives for commodities
Strategic outlook: Current regulatory landscape and macroeconomic factors
09.15 Regulatory developments for European commodity markets
• Insight into the European Markets Infrastructure Regulation (“EMIR”)
• Review of the Markets in Financial Instruments Directive (MiFID)• Impact of politicisation of the agenda for regulatory repair
Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority
09.45 Comparison of the EU and US approaches to commodity markets regulation
• Understanding the scope of authorisation and exemption• Investigation into ownership of market infrastructures• Analysis of Over-The-Counter market regulation (clearing, execution
and margining)
Panel discussion:10.15 Meeting energy regulatory and compliance demands
for 2011• EU and international regulatory developments affecting
commodity derivatives• The Market Abuse Directive Consultation: Implications for
energy derivatives• EU financial regulatory reform: Major changes looming for
energy markets• What can be learnt from the US approach?• Understanding regulatory stances on position limits• Reporting requirements: What you need to know
Anthony Belchambers, Chief Executive, The Futures and Options Association
Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority
Jan Panek, Head Coal and Oil Unit, Directorate-General Energy, European Commission
11.00 Networking and refreshment break
11.30 Current initiatives in European energy policy• European energy roadmaps to 2050• Moving EU towards smart energy systems (smart meters,
grids, cities)• Proposals for increasing the safety of offshore oil and
gas operations• Potential impact of European energy policy on commodity markets
Jan Panek, Head of Unit for Coal and Oil, Directorate-General Energy, European Commission
12.00 Looking for geopolitical arbitrage opportunity: MENA unrest and implications for European energy markets
• Tightening of oil supply and price volatility vs. excess capacity• Assessing the impact on European natural gas and LNG markets• The contagion effect: What are the hotspots?
Teymur Huseynov, Head of Energy Consulting, Exclusive Analysis
Managing market risk
12.30 The emergence of risk in LNG• Why LNG risk management was a sham until today• What has to be changed in order to make it work
• A stab on a risk-balanced LNG supply chain
Rudolf Huber, Chief Executive Officer, Next Energy Group
13.00 Examining contemporary oil price trends and volatility• Oil prices – Analysing price and volatility trends• Assessing oil price drivers• What will happen to the price of oil next?• Do futures increase volatility or mitigate it?
Johannes Benigni, Managing Director, JBC Energy
13.30 Networking lunch
14.45 Determining probability distribution and risk appetite in the gas market
• Defining risk appetite and the various metrics used to do this • Determining the lognormal distribution of market related risk• Understanding and measuring the fair value of the hedge
George Axiotis, Head of Risk Control, RWE npower
Mitigating credit risk
15.15 Understanding credit risk measures used in commodity trading
• Discussion of different ways to measure credit risk and the advantages and disadvantages of each
• Credit risk mitigation techniques and how they affect Potential Future Exposure (PFE)
• The role of CVA in counterparty credit risk
Susan Lilja, Executive Director, J.P. Morgan
15.45 Computing and hedging credit valuation adjustment on an oil swap
Mats Kjaer, Vice President – Quantative Analytics, Barclays Capital
16.15 Networking and refreshment break
Platts 3rd Annual Managing Oil and Energy Risk conference is designed to bring together Europe’s leading oil and energy professionals to assess risk exposure and mitigation techniques within the framework of the volatile and regulatory demanding oil and energy commodities markets.
Platts’ unique and privileged position within the global energy sector has allowed us to again create Europe’s leading independent, content driven risk management event focused on commodity trading in markets affecting the oil and energy sectors.
“Very well organised. Offers practical insights in risk management through actual case studies.”— Godfrey Scicluna, Enemalta Corporation
Quick & Easy Ways to Register! WEB: www.oilriskmanagement.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: [email protected] Register by 14 October 2011 and save $200
New market dynamics
16.45 Risk management in a multi-energy company: A case study of ERG
Domenico Floro, Risk Manager, ERG
17.15 Managing energy risk – Going beyond exchange-traded derivatives
• The origins of market risk and real options• Risk-management tools and their application• Taking advantage of market volatility
Navin Parasram, Head of Commodity Exotics Trading, Citigroup
17.45 Networking reception
Conference day two - Wednesday 30th November 2011
08.30 Registration and continental breakfast
09.00 Chairman’s Remarks
Paul Waine, Director - Risk Data Services, Platts
Risk management technology and methodologies
09.15 MOL case study: Implementing and operating a successful enterprise risk management model
• Understanding the business needs of your organisation and how to best cover multiple risks including financial, operational and strategic risks
• What is the value proposition for implementing enterprise risk management?
• What are the key technological challenged for ERM and how can they be overcome?
Gabor Horvath, Head of Risk Management, MOL
09.45 Concepts of associations within energy price and risk structures
• Utilising examples from the oil and gas markets to observe correlation functions and decompositions
• Examination of the usage of heavy tailed distributions with their associated measures ie copulas
Robert Manicke, Corporate Director of Quantitative Analysis, Statoil
10.15 Networking and refreshment break
10.45 Risk management technology and process automisation
Chris Mudry, Chief Risk Officer, Mercuria
11.15 Portfolio compression: Pro-active risk management and capital reduction
• Increasing cost of carrying risk: Clearing and capital charges• Pro-active management of credit risk and its benefits• Minimising capital charges• Associated compression benefits: Reduction of balance sheet and
ops risk and costs
Mattias Palm, Business Manager, TriOptima
11.45 Chairman’s closing remarks
Paul Waine, Director - Risk Data Services, Platts
12.00 Close of conference
13.00 Methodology forum registration
Methodology for assessing forward curves in oil markets
13.30 Methodologies and approaches for increasing granularity and coverage of Oil Forward Curves in Europe and Asia
Simon Thorne, Editorial Director, Platts
14.15 Forward thinking in forward curves: Applying state of the art thinking to forward curve derivation and modelling
Anguel Grigorov, Director of Risk Data, Platts
15.00 Trusting forward curves in an illiquid forward market
Paul Waine, Director - Risk Data Services, Platts
15.45 Effective valuation in a volatile world
Randy Wilson and Evan Zuckert, Market Principals, Eco Risk Markets
16.30 Question and answer session
17.00 End of methodology forum
Maximise Your Networking Opportunities
Showcase your products and services to senior-level decision makers. Platts 3rd Annual Managing Oil and Energy Risk conference offers you an excellent opportunity to maximise your 2011 marketing
budget through these sponsorship opportunities:
Executive Sponsor • Breakfast Sponsor • Lanyard and Name Badge Sponsor • Luncheon Sponsor • Networking Reception
Sponsor • Networking Break Sponsor • Exhibitor
To learn more about sponsorship and exhibit opportunities, please contact Simon Marshall at +44 207 176 6229
or email him at [email protected]
5th Annual European Refining Markets 26-27 September 2011 Brussels, Belgium
2nd Annual Middle Distillates Markets 3-4 November 2011 Hamburg, Germany
3rd Annual Tanker Economics 5-6 December 2011 London, UK
5th Annual European Oil Storage 16-17 January 2012 Amsterdam, The Netherlands
Platts Upcoming Events
www.events.platts.com
“Very well organised. Offers practical insights in risk management through actual case studies.”— Godfrey Scicluna, Enemalta Corporation
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5
Managing Oil and Energy Risk 29-30 November 2011 • Mandarin Oriental Hotel, Geneva, Switzerland
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Registration fee: Early Bird Discount Standard Rate
Commercial $1,799 + VAT @ 8% $1,999 + VAT @ 8%Credit card incentive $1,699 + VAT @ 8% $1,899 + VAT @ 8%Methodology forum (only): Free FreeThe full conference registration is payable in advance, failure to do so will require you to guarantee your place by credit card. The delegate fee includes breakfast, luncheon, refreshments and post-conference documentation.
Discounts: Discounts or promotional offers cannot be combined.
Early bird discount — Register by Friday 14 October 2011 to SAVE $200 off your registration feeTeam discount — $1,640 + VAT @ 8% per person. This price is applicable when you register three or more delegates simultaneously for the same organisation.Credit card discount: — Save $100 off both the early bird and standard rates when paying in full at time of registrations with a credit card. (subject to verification)
Venue:Mandarin Oriental Hotel • Quai Turrettini 1 • 1201 Geneva • Switzerland • +41 (22) 909 00 01
Discount accommodations:A limited number of rooms have been reserved for Platts 3rd Annual Managing Oil and Energy Risk conference participants at the Mandarin Oriental Hotel, Geneva at the preferential rates listed below. The discounted rates are for the nights of November 28-29, 2011 only. These rates will be honoured until 7th November 2011 — subject to availability.
Room Rates:Executive courtyard: Single Room price: CHF485 Double Room price CHF535 Executive Rhone: Single Room price: CHF535 Double Room price CHF585
ReservationsTo make your reservation please call the hotel directly on +41 (22) 909 00 01 and be sure to mention Platts 3rd Annual Managing Oil and Energy Risk conference in order to receive the preferential rates.*Rates are inclusive of service charge and VAT but exclusive of City Tax charged at CHF. 4.25 per person per night. Buffet breakfast will be charged at CHF 49 per person.
Substitution & cancellation:Your registration may be transferred to a member of your organization up to 24 hours in advance of the conference. Cancellations must be received in writing on or before November 22, 2011 in order to be refunded, less a $195 administrative charge. No refunds will be made after this date. In case of conference cancellation, Platts liability is limited to refund of the conference registration fee only. Platts reserves the right to alter this program without prior notice.
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Privacy statement:Platts values your privacy. From time to time The McGraw-Hill Companies shares information collected through this form with other companies whose products or services we feel may be of interest to you. Your information is stored in a secure database in the U.S. and Canada and access is limited to authorized persons. In addition, we have contracted with selected companies in other countries to provide customer service assistance on our behalf. If you would like your name removed from these lists, have questions about our privacy practices or need to confirm the accuracy of your information, please contact Platts Privacy Official at +1-713-658-3233 or e-mail [email protected]. For more information about The McGraw-Hill Companies’ Customer Privacy Policy, visit our Web site http://www.mcgraw-hill.com/privacy.html.
FAX+44 (0)20-7176-8512
mAilStacey Knox 20 Canada Square Canary Wharf London E14 5LH, UK
PhonE+44 (0)20-7176-6300
[email protected] include all information requested on registration card.
WEBSiTEwww.oilriskmanagement.platts.com
Easy Ways to Register!
Register by 14 October 2011 and save $200
Key areas to be explored:Based on research conducted with both Platts external customers and with our relevant editorial teams, we have put together what we believe to be our most comprehensive and structured event to date. The conference will be divided into five key themes which have been identified as critical to understanding how to manage oil and energy risk in today’s volatile marketplace:
• Strategic outlook: Current regulatory landscape and overview of macroeconomic factors
• Managing market risk: Mastering volatile markets
• Mitigating credit risk: Effective counterparty management
• New market dynamics: Industry specific drivers
• Risk management technologies and methodologies: Latest ‘blue sky’ thinking
Platts, 20 Canada Square, Canary Wharf, London E14 5LH, UK
3rd Annual
Mitigating risk, regulatory change and volatility...