Risk management in vertically integrated energy companies
There is no standard definition of risk management within the energy industry and many different views exist on the reach that a risk management function should have. The Energy Risk Glossary 2009 defines risk management as the “control and limitation of the risks faced by an organisation due to its exposure to changes in financial market variables, such as foreign exchange and interest rates, equity and commodity prices or counterparty creditworthiness”. We take a wider view of the risk
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Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
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Interview: Vince Kaminski
Market veteran Vince Kaminski discusses the biggest risks to energy firms today and whether risk teams can ever prove their value
Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
