Colin Woodward

Faculty PictureA senior energy professional, Colin brings to MCE over 27 years of wide-ranging international experience with Shell in liquefied natural gas (LNG), oil trading and strategy development. He has in-depth experience of risk management both at overall business level and including hedging and derivative trades for oil and gas. He has led and managed review processes such as Value Assurance Reviews (VARs) and internal audits.

Professional background

2008 – 2010 Regional Audit Manager, Shell Upstream Colin led the internal audit programme from the Hague across Europe, managing a virtual team of auditors.

2001 – 2008 Trading Coordination Manager, Shell Global LNG midstream
In this wide-ranging role, Colin was responsible for commercial and investment strategy, as well as portfolio development for Netherlands, Singapore, and Dubai, He developed and implemented Shell’s LNG trading price risk management strategy and managed hedging and derivative trade. He Managed fundamental analysis of Shell’s LNG business and was custodian of market intelligence, competitor analysis and regular, comprehensive LNG Supply and Demand reviews.

1996 – 2000 Team Leader Shell Trading
Led teams responsible for West African and Middle Eastern/Mediterranean crude trade, achieving record profitably for two years running and successfully integrating three teams into a coherent business. The final year in this role he worked directly with the CFO and CEO of Shell Trading across oil, gas, electricity and petrochemicals.

1993 – 1995 Commercial Adviser, Shell UK Exploration and Production (onshore), London
Responsible for negotiating gas (and gas liquids) transportation and processing agreements, gas liquids purchases/sales, plant optimization and gas sales to power stations. He managed relationship with joint venture partner Esso, set up and ran a tax optimization model for gas.

1989-92 Senior Product Trader, Shell Nederland Raffinaderij, Rotterdam
Responsible for Shell’s Rotterdam refinery sales of all refined products and ethylene cracker feedstock purchases. Managed Product Trading optimization and risk management.

1987-88 Crude Oil Derivatives trader, Shell Trading, London
Traded Shell’s first crude oil options. Modelled pricing for the industry’s first Dated Brent contracts for difference (CFDs) and transacted Shell’s first third party crude swaps. Set up first Value at Risk (VaR) models in Shell. Developed and executed strategies for technical trading.

1983-86 Management Consultancy / Operational Research analyst, Shell London
Internal management consultancy – financial (helping Shell Turkey develop a coherent 5-year financial plan in a 40% inflation environment), commercial (graphically model Trading’s daily product price exposure) and technical (simulation models to test the impact on final customer deliverability of varying physical components in an Australian liquefied natural gas project).

Education and qualifications

MBA 2011: Amsterdam Business School (cum laude, included ‘Doing Business in China’ module at Guanghua School of Management, Peking University. Thesis ‘Success in Energy Mergers’
MA Physics 1984: Clare College, Cambridge, UK.
BA Physics 1980: Clare College, Cambridge, UK (1st class honours).

Personal

A British citizen, Colin currently lives in the Netherlands. He delivers his workshops in English.

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