Brattle | Insights & Events | Oil & Gas https://www.brattle.com/ Tue, 01 Aug 2023 12:40:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://www.brattle.com/wp-content/uploads/2021/05/favicon.png Brattle https://www.brattle.com/ 32 32 Brattle Consultants Discuss Spain’s Energy Regulation and Markets in Book Chapter https://www.brattle.com/insights-events/publications/brattle-consultants-discuss-spains-energy-regulation-and-markets-in-book-chapter/ Mon, 10 Jul 2023 14:20:10 +0000 https://www.brattle.com/?p=50853 Spain’s new ambitious climate and energy targets make the country’s energy markets very active and attractive in the coming years. However, recent developments in energy markets worldwide, and the subsequent regulatory interventions in Spain, have increased uncertainty and tempered investors’ confidence. In a chapter included in the recent 12th edition of The Energy Regulation and […]

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Spain’s new ambitious climate and energy targets make the country’s energy markets very active and attractive in the coming years. However, recent developments in energy markets worldwide, and the subsequent regulatory interventions in Spain, have increased uncertainty and tempered investors’ confidence.

In a chapter included in the recent 12th edition of The Energy Regulation and Markets Review, Brattle Principals Dr. Pedro Marín and Dr. José Antonio García and Associate Dr. Fernando Bañez provide an in-depth overview of the energy regulation landscape and energy markets in Spain. Since mid-2021, electricity and gas markets have shown a significant increase in prices, which has prompted a response from the Spanish government to intervene in energy markets in order to mitigate the impact on final customers. Additionally, higher energy prices provide an additional incentive to promote energy independence in the European Union, and Spain’s ambitious targets for 2030 and recent regulations and commitments align with this vision.

The full chapter is available below.

View Chapter

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Brattle Consultants Discuss Quantum in Oil and Gas and Mining Disputes in New Book Chapter https://www.brattle.com/insights-events/publications/brattle-consultants-discuss-quantum-in-oil-and-gas-and-mining-disputes-in-new-book-chapter/ Thu, 19 Jan 2023 20:00:41 +0000 https://www.brattle.com/?p=48680 With both mining and oil and gas projects heavily supported by foreign investments, extraction of natural resources is a highly globalized business. This, coupled with the involvement of governments and state-owned companies in many of these large projects, means that these industries are frequently subject to international disputes – both investor-state and commercial – that […]

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With both mining and oil and gas projects heavily supported by foreign investments, extraction of natural resources is a highly globalized business. This, coupled with the involvement of governments and state-owned companies in many of these large projects, means that these industries are frequently subject to international disputes – both investor-state and commercial – that often involve significant damages claims.

In a recent chapter included in the fifth edition of Global Arbitration Review’s Damages in International Arbitrations Guide, Brattle Principals Darrell Chodorow and Dr. Florin Dorobantu and Associate Dr. Fernando Bañez discuss the landscape for disputes across extraction project life cycles, from prospecting to closure. They present industry-specific characteristics common to many mining and oil and gas disputes, and examine different valuation methods that may be applied to assess project value or damages across a variety of different commodities and project stages.

The full chapter, “Quantum in Oil and Gas and Mining Disputes,” is available below.

View Book Chapter

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American Finance Association Announces 2022 Recipients of The Brattle Group Prizes in Corporate Finance https://www.brattle.com/insights-events/news/american-finance-association-announces-2022-recipients-of-the-brattle-group-prizes-in-corporate-finance/ Tue, 17 Jan 2023 21:07:55 +0000 https://www.brattle.com/?p=48670 Each year, the Associate Editors of The Journal of Finance – published by the American Finance Association (AFA) – select three winners to receive The Brattle Group Prizes for outstanding papers in corporate finance. The Brattle Group supports this annual award to recognize the importance of excellence in providing groundbreaking analysis and debate on compelling issues facing the […]

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Each year, the Associate Editors of The Journal of Finance – published by the American Finance Association (AFA) – select three winners to receive The Brattle Group Prizes for outstanding papers in corporate finance. The Brattle Group supports this annual award to recognize the importance of excellence in providing groundbreaking analysis and debate on compelling issues facing the corporate finance community.

The winners of the 2022 Brattle Group Prize in Corporate Finance are:

First Prize, $25,000: Andreas Fuster, Paul Goldsmith-Pinkham, Tarun Ramadorai, and Ansgar Walther
Predictably Unequal? The Effects of Machine Learning on Credit Markets
The Journal of Finance, February 2022

Distinguished Paper, $10,000: Asaf Bernstein
Negative Home Equity and Household Labor Supply
The Journal of Finance, December 2021

Distinguished Paper, $10,000: Isaac Hacamo and Kristoph Kleiner
Forced Entrepreneurs
The Journal of Finance, February 2022

The Brattle Group has funded this annual award for more than 20 years. These prizes are presented at the AFA’s annual meeting, and this year’s awards were announced at the AFA’s Annual Meeting 2023, which took place January 6–8 in New Orleans, LA. All papers published in issues of The Journal of Finance from the first five issues of the given year, and December of the previous year, are eligible. We congratulate the winners on their achievements!

View a complete list of past winners

More about the AFA

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Improving the Wallumbilla Hub https://www.brattle.com/insights-events/publications/improving-the-wallumbilla-hub/ Tue, 10 Jan 2023 14:09:21 +0000 https://www.brattle.com/?p=48639 The post Improving the Wallumbilla Hub appeared first on Brattle.

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Brattle Consultants Held Sessions on Gas Markets During Summer School on the Regulation of Energy Industries https://www.brattle.com/insights-events/events/brattle-consultants-held-sessions-on-gas-markets-during-summer-school-on-the-regulation-of-energy-industries/ Wed, 06 Jul 2022 17:21:09 +0000 https://www.brattle.com/?p=46298 Event: Summer School on the Regulation of Energy Utilities 2022 Host: Florence School of Regulation Date: Tuesday, July 5 Location: Florence, Italy Principal Dr. Serena Hesmondhalgh and Associate Flora Triolo held two sessions; one to explain how gas markets work, and a second to go over a case study on gas markets. Learn more

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Event: Summer School on the Regulation of Energy Utilities 2022
Host: 
Florence School of Regulation
Date: 
Tuesday, July 5
Location: 
Florence, Italy

Principal Dr. Serena Hesmondhalgh and Associate Flora Triolo held two sessions; one to explain how gas markets work, and a second to go over a case study on gas markets.

Learn more

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Characteristics of Take-or-Pay Clauses and Circumstances for Use: Dr. Guillermo Sabbioni Discusses in Recent Oil, Gas & Energy Law Article https://www.brattle.com/insights-events/publications/characteristics-of-take-or-pay-clauses-and-circumstances-for-use-dr-guillermo-sabbioni-discusses-in-recent-oil-gas-energy-law-article/ Wed, 15 Jun 2022 15:21:16 +0000 https://www.brattle.com/?p=46155 Senior Associate Dr. Guillermo Sabbioni has coauthored an article published in Oil, Gas & Energy Law, “Take-or-Pay Clauses: Should I Stay, or Should I Go?” Take-or-pay (ToP) provisions, often used in long-term offtake and supply agreements, provide that buyers must pay for specified quantities of a good or service from a seller, even if the […]

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Senior Associate Dr. Guillermo Sabbioni has coauthored an article published in Oil, Gas & Energy Law, “Take-or-Pay Clauses: Should I Stay, or Should I Go?”

Take-or-pay (ToP) provisions, often used in long-term offtake and supply agreements, provide that buyers must pay for specified quantities of a good or service from a seller, even if the buyer does not need or is not willing to take those full quantities. In the article, the authors outline the defining characteristics of ToP provisions, the projects they are applied to, and the circumstances in which the utilization of such provisions is not appropriate.

The full article is available on the Oil, Gas & Energy Law website with a subscription.

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Brattle Experts Cohost Special Episode of Alternative Power Plays Podcast to Discuss Impact of Russia-Ukraine Conflict on World’s Oil and Gas Markets https://www.brattle.com/insights-events/publications/brattle-experts-cohost-special-episode-of-alternative-power-plays-podcast-to-discuss-impact-of-russia-ukraine-conflict-on-worlds-oil-and-gas-markets/ Mon, 11 Apr 2022 18:19:01 +0000 https://www.brattle.com/?p=45662 Principal Frank Graves, Associate Josh Figueroa, and Senior Research Analyst Tess Counts recently cohosted a special Alternative Power Plays podcast episode about the implications of the Russia-Ukraine war on global energy markets. The episode features an interview with Steve Thumb, an oil and gas market expert who previously was in charge of forecasting at Energy […]

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Principal Frank Graves, Associate Josh Figueroa, and Senior Research Analyst Tess Counts recently cohosted a special Alternative Power Plays podcast episode about the implications of the Russia-Ukraine war on global energy markets.

The episode features an interview with Steve Thumb, an oil and gas market expert who previously was in charge of forecasting at Energy Ventures Analysis, and draws from content in an accompanying Brattle presentation, “Impact of Russia/Ukraine War on World Natural Gas US & Oil Markets.”

The Brattle experts and Thumb discuss how the world’s oil and natural gas supplies may be disrupted by the conflict in Ukraine, providing context for the current price spikes, and explore the short and long-run implications for the US, the European Union, and Russia.

The Alternative Power Plays podcast series – co-produced by Buchanan Ingersoll & Rooney and Brattle ­– typically focuses on the benefits and deployment of Combined Heat and Power (CHP). It features interviews with industry leaders in the CHP space and addresses the new ways companies are getting electricity and thermal energy to their facilities using CHP technology.

Parts 1 and 2 of the episode are available here and here, and the accompanying presentation is available here.

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Impact of Russia/Ukraine War on World Natural Gas & Oil Markets https://www.brattle.com/insights-events/publications/impact-of-russia-ukraine-war-on-world-natural-gas-oil-markets/ Tue, 05 Apr 2022 16:49:16 +0000 https://www.brattle.com/?p=45627 View Presentation

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View Presentation

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Toby Bishop, Expert on Regulatory Economics and Litigation Matters in the Energy Industry, Joins The Brattle Group as Principal https://www.brattle.com/insights-events/news/toby-bishop-expert-on-regulatory-economics-and-litigation-matters-in-the-energy-industry-joins-the-brattle-group-as-principal/ Thu, 03 Mar 2022 17:39:09 +0000 https://www.brattle.com/?p=45323 The Brattle Group has welcomed Toby Bishop to its Boston office as a Principal with the firm’s Regulatory Economics, Finance & Rates practice. Mr. Bishop brings over 25 years of consulting experience working with the electric and natural gas industries, specializing in regulatory and civil litigation matters. “Toby is a welcome addition to Brattle’s Electricity […]

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The Brattle Group has welcomed Toby Bishop to its Boston office as a Principal with the firm’s Regulatory Economics, Finance & Rates practice. Mr. Bishop brings over 25 years of consulting experience working with the electric and natural gas industries, specializing in regulatory and civil litigation matters.

“Toby is a welcome addition to Brattle’s Electricity group and our firm more broadly,” said Brattle President & Principal David L. Sunding. “With his regulatory expertise and breadth of experience working with electric and natural gas utilities, he will add depth to our firm and be a vital asset to clients.”

Mr. Bishop’s expertise extends to strategic, regulatory, financial, and transactional matters for electric and natural gas utilities, natural gas pipelines and storage developers, and independent energy project developers. He has worked on federal and state rate case proceedings, valuations for ad valorem tax disputes, utility municipalization efforts, contractual disputes, purchase and sales transactions, regulatory strategy and policy matters, and competitive and market power concerns.

He has provided expert testimony and other filings in over 50 administrative and civil proceedings in the US and Canada, including before the Federal Energy Regulatory Commission (FERC), the Canada Energy Regulator (CER), and state and provincial regulatory agencies.

“I am thrilled to join the respected team of economists at The Brattle Group, especially during this pivotal time for the energy industry,” Mr. Bishop said. “I look forward to helping the firm continue its success and collaborating on regulatory economics and finance matters.”

Previously, Mr. Bishop was a Senior Vice President at an economic consultancy, and he also held positions at two management consultancies.

To learn more about Mr. Bishop, please see his full bio.

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Seven Experts Promoted to Principal at The Brattle Group https://www.brattle.com/insights-events/news/seven-experts-promoted-to-principal-at-the-brattle-group/ Thu, 10 Feb 2022 14:17:28 +0000 https://www.brattle.com/?p=45173 The Brattle Group is pleased to announce that seven experts were recently promoted to Principal: Hollie Mason, David McKnight, Albert Metz, Christine Polek, Akarsh Sheilendranath, Anul Thapa, and Mike Tolleth. “These talented individuals provide in-depth expertise to a vast array of clients on matters related to financial services, energy, tax, and more,” shared Brattle President […]

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The Brattle Group is pleased to announce that seven experts were recently promoted to Principal: Hollie Mason, David McKnight, Albert Metz, Christine Polek, Akarsh Sheilendranath, Anul Thapa, and Mike Tolleth.

“These talented individuals provide in-depth expertise to a vast array of clients on matters related to financial services, energy, tax, and more,” shared Brattle President & Principal David Sunding. “In addition, they have made exemplary contributions to mentoring and developing their colleagues, and truly demonstrate the exceptional leadership pipeline we are fortunate to have at the firm.”

Our new Principals:

  • Hollie Mason | Practice Leader: Broker-Dealers & Financial Services | Chicago
    An attorney with more than 15 years of experience in the financial industry, Ms. Mason provides expert testimony and consulting services concerning securities litigation and enforcement matters. She has deep knowledge of Financial Industry Regulatory Authority (FINRA) and Securities & Exchange Commission (SEC) rules.
  • David McKnight | New York
    Mr. McKnight has over 20 years of experience providing expert testimony and consulting services in matters pertaining to mass torts, securities, finance, valuation, and bankruptcy. In mass tort matters, he has worked with liability forecasts, insurance coverage, and discounted cash flows.
  • Albert Metz | New York
    Dr. Metz is a securities and finance expert with deep experience in credit analysis, financial modeling, asset pricing, market efficiency, and event studies. He has consulted on asset pricing, antitrust, mergers and acquisitions, market manipulation, collusion, fixed income securities, and various debt derivatives.
  • Christine Polek | Boston
    Ms. Polek serves as a consulting and testifying expert in complex litigation requiring the application of economic, financial, and statistical analysis to legal and regulatory issues – with a focus on valuation, tax controversy, and labor and employment.
  • Akarsh Sheilendranath | Boston
    Mr. Sheilendranath is an energy economist with a unique blend of expertise in wholesale electricity markets, electric transmission, and regulatory corporate finance. He specializes in transmission policy, utility investment strategy and planning, large-scale renewable integration, and cost-benefit assessments.
  • Anul Thapa | Boston
    Mr. Thapa has over 12 years of experience applying economic and finance principles in complex oil and gas-related litigation, arbitration, and regulatory proceedings. His experience in commercial disputes includes damages estimation, valuation, and pricing related to energy assets and contracts.
  • Mike Tolleth | New York
    Mr. Tolleth specializes in the economic analysis of energy markets, with expertise in financial modeling and valuation of energy assets, contracts, and businesses. He supports clients in litigation and arbitration matters and provides expert testimony related to cost of service, rate design, cost of capital, regulatory policy, long-run marginal cost pricing, and market power.

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