Upcoming Event

WEBINAR: Turbulence in Global Financial Markets: Oil and Gas Prices

Click here for registration

About this Event

The talk will happen online - link to the webinar will be provided via e-mails to registered attendees: first e-mail will be sent two days before the event and the second one just 2 hours before the event. Do not register too late!

Agenda (UK time)

18:30-18:40 Introduction and Announcements

18:40-19:20 Turbulence in Global Financial Markets: Oil and Gas Prices

19:20-19:40 Q&A 

Speaker

Okan Yardimci, EMRA, Turkey; University of Oxford, UK

Dr. Yardimci graduated from the Middle East Technical University (Turkey), Department of Petroleum and Natural Gas Engineering in 2004. He got an MBA degree from the Atılım University (Turkey) in 2008 and joined an Executive Program on economics of regulation in the Michigan State University (USA) in 2008. Afterwards, he participated in Master of Law (LL.M.) at the Pennsylvania State University (USA) between 2013-2015. He had been working as a reservoir engineer in an international oil company before he was recruited by the Energy Market Regulatory Authority (EMRA) of Turkey. He teaches economics of regulation, financing of energy investments, oil and gas law, petroleum property valuation, reservoir engineering, production engineering at several universities. He is an Academic Visitor at the University of Oxford, St Antony's College, South East European Studies (SEESOX). His research project at SEESOX focuses on Eastern Mediterranean and energy geopolitics. 

Abstract

The impact of the COVID-19 hammered the oil and gas industry in 2020, forcing WTI prices to go negative for the first time on record. We haven’t seen a full recovery yet and the recent highlights in the financial markets shows us the fragility of today's financial system. During these times of ongoing volatility in global financial markets, we’ll discuss the oil and gas prices. 

Our event will address the following issues:

- Oil collapse in 2020

- The recent highlights in the financial markets and effects on oil and gas prices

 21. Yüzyılda Petrol ve Doğal Gaz

Enerji Politikaları Araştırma Merkezi, Bilkent Üniversitesi

30 Ocak 2021

Brief summary of the event: https://www.bilkenteprc.com/post/the-future-of-oil-and-natural-gas-in-the-21st-century-gökberk-bilgin 

Söyleşi: Enerji Sektöründe Güncel Eğilimler

Enerjik Sohbetler, Enerji Yönetimi Mezunları, KTO Karatay Üniversitesi

29 Ocak 2021

 

21. Yüzyılda Petrol ve Doğal Gaz Mühendisliği

Ocak 2021

Bir parçası olmaktan mutluluk duyduğum "21. Yüzyılda Petrol ve Doğal Gaz Mühendisliği" kitabımız Gazi Kitabevinden çıktı. İlgililerine keyifli okumalar dilerim. 

Sipariş (kitabevi link): https://www.gazikitabevi.com.tr/urun/21-yuzyilda-petrol-ve-dogal-gaz-muhendisligi 

İçindekiler...

 Research Report: The Evolution of EU-Turkey Energy Cooperation

December 2020

Abstract

"Energy" has always played an important role in the EU-Turkey relations. Because of its geographical and strategic location, Turkey has a crucial position to vary European countries supply of natural gas and oil. In this research, historical cooperation of EU-Turkey in the whole energy sector is analyzed. Despite numerous energy collaborations in which mutual gains have been achieved in the past; EU-Turkey relations is at an important breaking point today. While Turkey’s south coast Eastern Mediterranean is becoming increasingly an area of conflict, its northern coast has a potential to lead a way of regional cooperation. In this context, Eastern Mediterranean conflict and Black Sea gas potential are examined in a detail in this study. 

Keywords: Black Sea Gas, Eastern Mediterranean, Energy, EU, Turkey

Upcoming Event

 Kadir Has University

Center for Energy and Sustainable Development (CESD)

17 December 2020

Graduate Student Conference on Energy and Sustainable Development

 Session II Energy Policy, Markets, and Regulations 

Moderators and Discussants: 

Dr. Okan Yardımcı, Oxford University, Academic Visitor 

Atty. Değer Boden, Boden Law, Founding Partner 

11:30-11:45 Relation Between Oil Prices and Renewable Energy Investments 

Salihe Kaya, Kadir Has University 

11:45-12:00 Optimal Diversification Among Energy Sources Conditional on Capacity Factor: Evidence from Electricity Generation in Turkey 

Mehmet Bodur, Kadir Has University 

12:00-12.15 From Blockchain To Smart Contracts 

Merve Ergun, University of Bradford 

12:15-12:30 A Preliminary Analysis of the Turkish Hydrogen Legal Landscape 

Ayşe Şehnaz Kart & İskender Gökalp, Middle East Technical University 

12:30-12:45 Turkey Takes Notable Steps in Renewable Energy Development 

Mohsina Majeed, Kadir Has University 

12:45-13:15 Discussions 

 Oxford Talks 

(SEESOX Seminar Series, Michaelmas Term 2020)

Black Sea gas: Economic and geopolitical implications

Speakers: Dimitar Bechev (DPIR, Oxford; Russia Institute, King's College London)

Jonathan Lamb (Wood & Company, London)

Anna Mikulska (Baker Institute, Houston; Kleinman Center, UPenn)

Chairs: Othon Anastasakis and Okan Yardımcı (St Antony's College, Oxford)

Convenor: Okan Yardımcı (St Antony's College, Oxford)

Date: November 11, 2020 @ 16:00

Event page: https://www.sant.ox.ac.uk/events/black-sea-gas-economic-and-geopolitical-implications
Brief summary of talks: https://seesoxblog.blogspot.com/2020/11/black-sea-gas-economic-and-geopolitical.html
Video: https://www.youtube.com/watch?v=BcMkJ3K7KbU&feature=youtu.be

 SEESOX Review

Read More: https://www.sant.ox.ac.uk/sites/default/files/review_v6_081020.pdf 

 Derin Denizlerde Sondaj ve Karadeniz’deki Yeni Gaz Keşfi Üzerine Notlar

Dr. Okan YARDIMCI

27 Ağustos 2020

2015 yılında bir başka yazımda bitirdiğim yerden devam edeyim. O yazının son sözü bu yazının ilk sözü olsun. Petrol ve doğal gaz mühendisi meslektaşlarımın pankartlarında taşıdığı, büyük önder Mustafa Kemal Atatürk’ün aşağıda yer alan sözüyle başlayalım:

Karadeniz’deki yeni gaz keşfimizin ülkemize hayırlı olmasını temenni ediyorum. Emeği geçen herkese canı gönülden teşekkürler. Geçmiş dönemlerden bugüne çalışmalarda görev yapan meslektaşlarımın bir kısmını tanıyorum. Kabus gibi devam eden 2020 yılında almış olduğumuz bu haber hepimizi mutlu ederken, yer bilimcilerde apayrı umutlar ve heyecanlar da yarattı. Pek tabi kafalarda birçok soru işareti bulunuyor. Bu yazıyla soru işaretlerinin hepsini olmasa da bir kısmını giderebilmenizi umarım.  

Kadir Has Üniversitesi Enerji ve Sürdürülebilir Kalkınma Merkezi tarafından, 5 Mayıs 2020 tarihinde düzenlenen ‘Petrol Fiyatlarındaki Son Gelişmeler’ başlıklı söyleşinin deşifre metni

(Organizasyonda emeği geçenlere bu güzel söyleşi ve deşifre metni için teşekkürler)

02:38 Okan Yardımcı: Konu başlığını CLK20 olarak belirledim. Biliyorsunuz Nisan ayında, WTI Mayıs teslimli vadeli kontrat eksi fiyatlara düştü. Tarihte ilk kez WTI’ın vadeli kontratları eksiye düştü; o eksiye düşen Mayıs 2020 kontratının kodu CLK20. Bu konuya değinmeden önce petrol piyasasında dört tane fact’den bahsetmek istiyorum: 

2020 Oil Collapse (CLK20) Presentations / Graphs

 

Oil Price Forecast BC (Before Coronavirus)

Some Other Graphs

 Oxford Talks: South East Europe in Russia's Geopolitical Objectives   

9 March 2020

Russian influence on South East Europe is very divisive; some countries offer ample potential for Russian access while the others worry about external interference. On the 4th of March, SEESOX held a seminar examining Russia’s geopolitical objectives in South East Europe. The speakers were Professor Roy Allison (St Antony’s College, Oxford) and Andreja Bogdanovski (University of Buckingham). The seminar was chaired and introduced by Dr Othon Anastasakis (Director of SEESOX).

Oxford Talks: 

Energy Dynamics in the Eastern Mediterranean: Cooperation or conflict?

Speakers: Bill Kappis (University of Buckingham); Okan Yardımcı (St Antony's College, Oxford)

Chair: Charles Enoch (St Antony's College, Oxford)

Date: February 12, 2020 @ 17:00

Venue: South East European Studies Centre, University of Oxford, 62 Woodstock Road, OX2 6JF, Oxford, UK

Event page: https://talks.ox.ac.uk/talks/id/2388ff64-b122-4bf8-85fc-41b52325fb54/ 
Brief summary of talks: https://seesoxblog.blogspot.com/2020/03/energy-dynamics-in-eastern.html
Video: https://www.youtube.com/watch?v=Vimiqfv0SmI

                                     Gas Discoveries and Sharing in the Eastern Mediterranean

                                                (Doğu Akdeniz'de Gaz Keşifleri ve Paylaşımı)

                 Production and Consumption of Natural Gas in and around the Eastern Mediterranean

                                      (Doğu Akdeniz ve etrafında Doğal Gaz Üretim ve Tüketimi)

                    Turkey's Maritime Frontiers and Offshore Activities in the Eastern Mediterranean
                       (Türkiye'nin Doğu Akdeniz Sınırları ve Petrol-Gaz Arama Faaliyetleri Haritası)

Peki neden böyle bir harita hazırlama ihtiyacı duydum?

2019-2020 Academic Year

I wish you all good luck!

Bilkent University, Energy, Policy and Security Program (EEPS) (MA), Graduate Elective Course: EEPS-523, Legal and Administrative Aspects of Energy, Fall Semester

Cyprus International University, Fall Semester

Video Konferans

Türkiye Petrol ve Gaz Piyasaları

26 Kasım 2019, Batman Üniversitesi

Video Conference 

Turkish Oil and Gas Markets

November 26, 2019, University of Batman

Turkey Oil and Gas Market

Middle East Technical University, SPE Student Chapter Seminars
November 7, 2019, Middle East Technical University

Types of Oil Contracts:
Rights and Obligations between the Sovereign Country and the Foreign Investor

October 22, 2019, TPAO Sıtkı Sancar Building VIP Meeting Room, Ankara/Turkey

2018-2019 Academic Year

I wish you all good luck!

Middle East Technical University, Department of Petroleum and Natural Gas Engineering, Undergraduate Must Course: PETE-411, Petroleum Property Valuation, Fall Semester

Bilkent University, Department of International Relations, Undergraduate Elective Course: IR-4129: Oil and Gas Law, Fall Semester

Cyprus International University, Spring Semester

Kadir Has University

CESD (The Center for Energy and Sustainable Development) 

Advisory Board Meeting

May 29, 2019, Istanbul

ERRA Joint Meeting of the Licensing/Competition and Tariff/Pricing Committee

October 12, 2018, Belek, Antalya/Turkey

09:05 Innovation affecting regulation: an overview of new technological developments and potential future impacts

Overview of new technologies possibly affecting energy regulation; Regulatory roles and economic incentives for innovation

• Okan Yardimci, Energy Expert, Energy Market Regulatory Authority, Turkey
• Discussion

Meeting notes:

New Video Podcast: Innovation and Regulation

September 24, 2018

A new ERRA podcast is available by Okan YARDIMCI (Energy Expert, Energy Market Regulatory Authority, Turkey) an overview of new technologies possibly affecting energy regulation and Regulatory roles and economic incentives for innovation. 

For the entire audio recording of the presentation please visit: https://erranet.org/yardimci-innovation-and-regulation/

1st ERRA Educational Workshop

Innovation and Regulation

September 6-7, 2018, Budapest/Hungary

Overview of new technologies possibly affecting energy regulation; 

Regulatory roles and economic incentives for innovation

Springer, 2018

A book chapter by O. Yardımcı and Prof. Dr. M.B. Karan 

in the “Energy Economy, Finance and Geostrategy”

Bir bölümünü Prof. Dr. M.B. Karan ile kaleme aldığımız 

“Energy Economy, Finance and Geostrategy” isimli kitap

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Effectiveness of Regulation: An Investigation of the Turkish Natural Gas Distribution Market

Okan YARDIMCI [1] and Mehmet Baha KARAN [2]

Abstract

In this chapter, the effectiveness of regulation in the Turkish natural gas distribution sector is investigated by examining EMRA’s implementations and the performances of the companies. The analyses were taken into account mainly in the context of the effectiveness of regulation rather than in drawing conclusions with respect to economic paradigms, like market failure.  The important regulations with regard to the Turkish natural gas distribution sector were analyzed within the scope of the differences between the various planned and recognized situations. Thus, it was understood that some of the regulations did not produce effective results. Particularly the comparison between private and state-owned companies concerning their performances and R&D expenditures revealed the alienation experienced from the expected benefits of liberalization. The regulations to encourage sector development and cost reduction through R&Ds have not been properly implemented. The obtained results are considered as partially regulatory failure.

Keywords

Natural gas, distribution, natural monopoly, effective regulation, regulatory failure

---

[1] O. Yardımcı

Energy Expert, Energy Market Regulatory Authority; Part-Time Instructor, Middle East Technical University

e-mail: oyardimci@epdk.org.tr

[2] M.B. Karan

Professor of Finance, Department of Business Administration, Hacettepe University, Turkey

e-mail: mbkaran@hacettepe.edu.tr

Order by Amazon or Springer