Energy transition
Weather House of the Year: Swiss Re
Swiss Re has continued to innovate in weather risk management during the past year, playing a key role in a landmark hydropower transaction with the World Bank
Emissions House of the Year: Element Markets
Element Markets is seeking to provide clients with help navigating the dense thicket of North American environmental commodity markets
Technology House of the Year: TriOptima
Emir and Dodd-Frank are pushing energy companies towards an increasing use of portfolio compression and reconciliation services – a trend that is benefiting TriOptima
Natural Gas House of the Year: Koch Supply & Trading
With a swift launch in European gas and global LNG, oil heavyweight Koch Supply & Trading becomes a global player in natural gas
Oil & Products House of the Year: BNP Paribas
BNP Paribas is holding the course in oil and refined products, as other banks abandon the commodities market
Innovation of the Year Award: Energy Fundamentals
Energy Fundamentals's European Power System Insight platform combines quality data with sophisticated, yet accessible, modelling capabilities
Deal of the Year: BP
Moving quickly, BP managed to salvage Iona Energy’s North Sea acquisition with an innovative crude oil options transaction
Energy Risk Manager of the Year: GDF Suez Trading
As banks retreat from commodity market, GDF Suez Trading is expanding its risk management business and broadening its geographic reach
Electricity House of the Year: Citi
Despite cutbacks and withdrawals among banks and large utilities, Citi has seen its commitment to the power market matched by strong revenue growth in the past 18 months
Derivatives House of the Year: Citi
While other banks are nervously pulling back from commodity and energy derivatives trading, Citi is boldly pushing ahead
Quants: how they shaped the modern energy market
Nowadays, quants are well established in energy trading. But the original introduction of quantitative techniques to the industry was far from straightforward, with a lot of hard work involved in adapting financial market models to the energy arena…
Tradition’s Pinchin looks back on successes and failures
David Pinchin, co-founder of Tradition Financial Services, speaks to Stella Farrington about his 30-year career in derivatives markets and how it informs his more recent work with disadvantaged youths
Energy firms ponder Mifid exemptions and position limits
A consultation by the European Securities and Markets Authority is being closely scrutinised for answers on how a revamped Markets in Financial Instruments Directive will affect commodity trading companies
Unfinished rules likely to cause continued hedging woes
Post-crisis financial legislation is generating deep uncertainty for industry participants, making life difficult for companies that rely on commodity markets as a vital way of managing their risk
European gas hubs stand to benefit from crisis in Ukraine
Escalating tensions between Russia and the West over Ukraine have taken energy market participants by surprise. With the potential for tougher sanctions, industry observers believe one outcome could be an acceleration of Europe's shift away from oil…
CFTC eases Dodd-Frank burden on energy companies
In the wake of industry criticism, the US Commodity Futures Trading Commission is taking steps to relax position limits and accommodate the concerns of public utilities in its implementation of the Dodd-Frank Act
CFTC accord bolsters Ferc drive to catch manipulation
Memorandum of Understanding with US Commodity Futures Trading Commission on information sharing has been "extremely useful" for energy regulator, says Federal Energy Regulatory Commission's deputy director of surveillance
No easy way to hedge Bakken crude oil, say energy firms
Despite surging production in the Bakken shale region in North Dakota and Montana, trading remains fragmented and the market has yet to coalesce around one pricing point for crude oil production, making hedging difficult
Energy traders seek flexibility in CFTC position limits
Bona fide hedging definition and complexity of position limits worry panellists speaking at Energy Risk Summit USA
Fuel hedgers bemoan bank retrenchment from commodities
Delta Air Lines and World Fuel Services describe impact of Wall Street retreat from commodity markets at Energy Risk Summit USA
Credit fears hold back US solar securitisation deals
In a major breakthrough for renewable energy finance, California-based SolarCity has issued the first securities backed by distributed solar assets. But many hurdles remain before solar securitisation can truly take off, Alexander Osipovich finds
Quant energy models need greater emphasis on fundamentals
Boom in shale oil and gas extraction, and growth in renewables underline importance of reflecting fundamental factors in quant models, argue experts
Looking back: Nymex moves into ‘classy’ new headquarters
CME Group’s Nymex trading floor is now sparsely populated, but back in 1997, the exchange was in urgent need of additional capacity, as Energy Risk reported in May that year
TXU bankruptcy holds lessons for risk managers
The bankruptcy of Energy Future Holdings – formerly known as TXU – should act as a warning to risk managers, who must be alert to excessive self-confidence and a failure to deal with unpleasant or inconvenient facts, argues Vincent Kaminski