Risk management
Statoil stung by hedging derivatives losses
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
Commodities ‘financialisation’ worries end-users
With recent statistics showing an increasing number of financial institutions jumping into commodities, Lianna Brinded investigates whether this will cause more risks to end-users
Credit trends prompt energy data management rethink
A new awareness of the importance of monitoring credit risk alongside market risk has prompted a need for better risk aggregation within energy companies, according to experts
Trading positions – August 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Getting more control with bespoke technology
Playing a role in the development of a bespoke technology solution gives energy traders and risk managers more control over how they perform their daily duties, according to experts. Pauline McCallion finds out more
Q&A: Blue Star Energy Solutions’ John Wengler on risk
BlueStar Energy Solutions’ chief risk officer, John Wengler, speaks to Pauline McCallion about managing energy risk in the US power markets
Q&A: Endesa’s Jaime Roman on mergers
Jaime Roman, head of risk management at Spanish utility Endesa, talks to Katie Holliday about the attitudes to risk management in Europe from the perspective of a major European utility operating in the growing Iberian markets
Q&A: Mitsubishi UFJ Securities Holdings’s Akihiro Kawabe on transparency
Risk management in Asia is arguably more difficult to estimate as each country has very different regulatory requirements and political risk. Lianna Brinded speaks to Akihiro Kawabe, executive officer and general manager of the corporate risk management…
Mongolia: Investors weigh risk in promising market
Following a $3 billion investment agreement made for a copper-gold mine last year, and the recent tender for $10 billion of infrastructure investment, Mongolia seems to be the new land of opportunity, but there are risks. Alex Davis reports
Mining companies vulnerable on lack of hedging programmes
A substantial number of mining companies refuse to have a hedging programme, leaving them vulnerable to a possible sharp drop in prices
JP Morgan commodity staff cuts won’t spread, but Europe recruitment slows
The recent commodity desk cull at JP Morgan is unlikely to be the start of an industry-wide trend, but the aggressive commodities build-outs from investment banks have slowed in Europe
JP Morgan in global commodities staff cull
US investment bank JP Morgan has made cuts to accommodate the integration of the RBS Sempra commodities business.
China disputes IEA energy data
The International Energy Agency’s claim that China has overtaken the US as the largest energy user, has exacerbated concerns that supply and demand data could be out of sync with price forecasts
31% of oil and gas firms lack ETRM solutions
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
Contract standardisation could create risk say experts
Instead of making things easier and reducing risk, standardisation of energy and commodities' contracts could increase risk
Isda in sweeping commodity definitions overhaul - Exclusive
The International Swaps and Derivatives Association is carrying out its biggest overhaul for years of commodity definitions, which will include new products to reflect market developments
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
Gap between PR on safety & reality hit BP
BP has been accused of negligence and arrogance following the Deepwater Horizon disaster. Alex Davis examines the central role energy sector reputational risk management must now play
Energy sector’s retirement timebomb poses major op risk
Up to 80% of the world’s current energy and commodities workforce are set to retire within 15 years according to recent data. Lianna Brinded investigates the operational risk implications
Trading positions – July 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Risk managers debate at Energy Risk USA conference
Energy risk managers from across North America convened at Energy Risk’s annual US conference in May to discuss the many challenges currently facing the sector, including derivatives regulation and carbon market growth, as Pauline McCallion reports
Managing change in energy markets
Adapting to change is essential for companies in the ever-evolving energy markets. Risk managers are well placed to take a leading role in change management. Jay Jayasuriya and Julie Shochat of Enite set out a change management plan