by Trevor Bell - Feb 21, 2014
Nikki Kantelis brings a wealth of real-world experience to the Rawls College of Business Area of Energy Economics and Law, as she has over a decade of experience in the oil industry. In her Energy Markets (ENCO 3365) course, Kantelis tries to help her students gain an understanding of the midstream and downstream sectors of the energy industry by providing real-world insights and examples for her students.
“Prices are constantly changing and price discovery is transparent in the oil markets, allowing participants to modify behavior and adjust decision making as conditions warrant. Short-term operating decisions are driven by marginal economics whereas long-term investments are based on full-cycle economics. The purpose of this class is to acquaint students with the energy value chain from the wellhead to the retail gasoline pump. We are building vocabulary and trying to understand the inter-relationships among the many and complex moving parts of the midstream/downstream sectors. We are investigating what supply and demand factors influence global oil markets and prices and how to measure and manage price risk with various financial tools. This is an opportunity for me to share my knowledge about the industry – because I’ve actually worked in it – with students who are also interested in the industry,” Kantelis said. “I have worked in crude trading and transportation, pipelines, commodity trading and retail marketing development. I have worked with refining organizations and been a controller/accounting manager. I have dealt with regulatory agencies and been posted overseas. In this industry, there are lots of moving parts, and, over the years, there have been many opportunities for students interested in the industry.”
Kantelis, who holds both a Bachelor and Master of Science in Economics from Colorado State University and an MBA in Quantitative Analysis from the Carlson School at the University of Minnesota, began her career with British Petroleum as an Operations Planning Analyst in Crude Trading and Transportation, and she then worked as Coordinator of Economics and Control in contract administration supporting crude oil supply and shipping.
Shortly after, Kantelis became Manager of Crude Futures Trading where she was responsible for crude oil futures strategy and trading in support of BP’s U.S. multi-billion dollar oil trading business. Later, she was the manager of marketing development where she was responsible for acquisition, divestment, and expansion and consolidation programs for BP’s retail marketing business. She was then transferred to London to work as an oil trader in BP’s international crude oil trading organization.
Upon her return to the U.S., Kantelis was promoted to Manager of Pipeline Accounting and Administration where she had responsibility for the preparation and analysis of all financial, regulatory and management reporting for the continental U.S. and Alaskan pipeline transportation business, including daily scheduling for the Trans-Alaska Pipeline System. Ultimately, Kantelis was promoted to the position of Vice President, BP Oil Pipeline Company and Commercial Manager where she had total P&L responsibility for all U.S. continental joint venture pipelines, and she directed all commercial development activities in support of BP’s pipeline transportation requirements.
Energy Markets with Nikki Kantelis is offered in the Fall and Spring semesters. To find out more about her work or about the class, email email@example.com.