Risk management
Engineering change
A new risk management culture is evolving in the Asian clean development mechanism market, which should lower CDM project risk while expanding financing options, finds Catherine Lacoursière
Purchase timing
Managing purchase timing risk is a constant issue for wholesale power buyers. Pavel Diko reviews products that reduce this risk, proposes a lookback option that can eliminate it completely and outlines a hedging strategy for the option writer
Has mean reversion had its day?
Some experts are questioning whether mean-reversion models – once the standard way of explaining energy price movements after simple one-factor Brownian motion modelling fell from favour – are still suited to the petroleum and gas markets. Dario Ghazi…
Michael Bertuccio
Roderick Bruce discovers what has helped BP's MICHAEL BERTUCCIO achieve his success on both the physical and financial sides of the energy business
Charging at commodities
Canada may rank as the world's third largest hydrocarbon producer, yet its energy derivatives market has been, up to now, somewhat constrained. David Watkins reports
ICE announces new futures timeline
IntercontinentalExchange (ICE) has announced it will launch electronically traded New York Board of Trade (Nybot) financial futures contracts in April.
Meeting the pace of change
Energy trading is advancing so quickly it's sometimes difficult for software to keep pace. Energy Risk's software survey reveals almost half of respondents changed systems in 2006. David Watkins reports
Jeffrey Sprecher
IntercontinentalExchange's JEFFREY SPRECHER talks to Roderick Bruce about the inspirations and motivations that have driven him to the top of the energy trading business
Nymex to list catastrophe risk futures contracts
The New York Mercantile Exchange (Nymex) has announced that it will list three new financially settled catastrophe risk (CAT risk) index futures contracts.
Nymex and Montreal form alliance
The New York Mercantile Exchange (Nymex) is to form a “strategic alliance” with the Montreal Exchange (MX), Canada’s largest financial derivatives exchange.
ICE/Nymex rivalry deepens over softs
Soft commodities such as coffee and sugar are the latest battleground for rival exchanges ICE and Nymex. David Watkins charts the showdown
Trading Technologies to support trading on Nybot
Trading software developer Trading Technologies (TT) has announced that from 2 February it will support electronic trading of the New York Board of Trade’s (Nybot’s) benchmark agricultural commodity products through its X_TRADER order-entry platform.
Projecting risk
Oil and gas projects have high investment stakes, so weighing up the risks and viability of a project against an existing portfolio is essential. Dan Patterson looks at some techniques
UBS takes top metals spot
UBS has won top spot in this year's metals poll, pushing last year's winner, Barclays Capital, into second place. Goldman Sachs finishes in third position and HSBC in fourth, in a year characterised by volatile metal prices. By Mark Pengelly, with…
Beyond compliance
Operational risk for the energy sector covers everything from production to transportation. Companies are now seeking sophisticated solutions to integrate op risk into wider risk-management programmes, as Oliver Holtaway reports
Leading the pack
Increased investment in the steadily growing commodity derivatives markets is paying off for many new entrants, but the old guard continues to maintain the biggest piece of the pie. Oliver Holtaway reports
CATHERINE FLAX
Catherine Flax, global head of commodities marketing at JP Morgan talks to David Watkins about what makes the energy sector so unique
Credit Suisse and NECC forge partnership
Credit and clearing service provider North American Energy Credit and Clearing (NECC) has entered into a joint venture with investment bank Credit Suisse.