Enterprise risk
Regulators kick off derivatives reform discussion
Market participants call for clearing decisions to be left to market forces and caution regulators about clearing house ownership
End-users adopt more complex hedging tools and methods
End-users’ energy and commodities hedging strategies are growing in sophistication as they adopt more complex products and non-traditional tools, says the head of RWE npower’s optimisation desk
Trading group fined $12 million for inflating oil price
CFTC fines ConAgra Trade Group for artificially pushing crude to $100 per barrel in January 2008, the year prices hit all-time peak of $147 per barrel
Credit rating agencies: A question of trust
For companies involved in the production and trade of energy, credit ratings agencies have played an important risk function, but confidence plummeted after their perceived failure to signal the financial crisis
Forward planning at M&S
As a high profile global retail chain, Marks & Spencer faces regular public scrutiny over its energy use and is well known for championing its ‘green’ image. Katie Holliday talks to Mervyn Bowden, head of energy management, about how M&S manages its…
India’s latest commodity exchange won’t compete, say experts
India's fifth commodities bourse - ACE Derivatives and Commodity Exchange - will struggle to compete with market leading platforms, say experts
Singapore bids to be Asian derivatives and clearing hub
As trading regulations and central counterparty (CCP) clearing becomes a reality for the global derivatives market, Lianna Brinded investigates whether US and European firms will take their energy and commodities business to Singapore
LCH.Clearnet in a raft of Asia deal talks
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
NATS saves £1.7 million in hedging programme
Major end-user NATS saved £1.7 million after installing a new hedging strategy and energy risk management programme
New tool targets FERC enforcement actions
Database created by former FERC enforcement director aims to create more transparency around notices
E&P energy company premiums likely to rise
Energy exploration and production (E&P) companies face increased cost risks as insurance premiums could rise, following BP’s Gulf of Mexico oil spill, which forced reinsurance firms, such as Germany’s Munich Re, to shell out hefty payments
BP’s oil spill to double energy companies’ IT spend
The aftermath of BP’s Gulf of Mexico oil spill could double the amount energy companies will spend on information technology (IT) as they look to adhere to new regulatory requirements in offshore drilling pursuits
Integrated energy scenario management for optimal decision support
In association with OpenLink, Energy Risk convened a webinar designed for energy professionals at trading and supply organisations looking to understand the impact of portfolio flexibility and the available decision support solutions. Featuring insights…
Effective monitoring for energy trading behaviours of interest
The webinar discusses perspectives, ideas and actionable steps to help optimise firms' approaches to energy trade surveillance, assess and respond to new compliance demands driven by regulators or internal policies.
Q&A: Dr James Markowsky, US Department of Energy
Dr James Markowsky, assistant secretary for fossil energy at the US Department of Energy, speaks to Pauline McCallion about clean coal technology, managing the strategic petroleum reserve and creating a diverse US energy portfolio
Q&A: Shell Gas Direct’s Mike Hogg
With major industrial and commercial end users bearing the brunt of global regulatory changes and more stringent carbon emissions requirements, Shell Gas Direct’s Mike Hogg speaks to Lianna Brinded how he sees the future and what companies can do to…
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
Exclusive: Lloyds to seal raft of Norway energy deals
Lloyds Banking aggressively pushes into Norway with a range of energy financing deals for exploration and production (E&P), prepares to expands its Houston oil & gas team and looks at the European shale gas business
CantorCO2e’s carbon closure signals consolidation
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected. Katie Holliday looks at whether CantorCO2e’s closure could be the first of many
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
US regulator prepares to run with derivatives reform
Derivatives reform in the US has kicked off a new era for the CFTC, which will see a significant expansion of its authority under the updated regulatory regime, as Pauline McCallion reports
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