Enterprise risk
Lukoil-led consortium seals Iraq deal
A consortium led by Russian private oil company Lukoil is the latest in a line of energy giants sealing deals in Iraq, in a move set to develop one of the country’s largest oil fields.
Element buys stake in Canadian carbon aggregator
Element Markets has invested an undisclosed amount in Agri-Trend Aggregation (ATAI), a member of the Agri-Trend Group of Companies based in Alberta, Canada.
Ice receives CFTC clearing registration
IntercontinentalExchange (Ice) has been granted limited registration by the Commodity Futures Trading Commission (CFTC) as a US derivatives clearing organisation (DCO).
Ferc proposes credit reforms
The Federal Energy Regulatory Commission (Ferc) has outlined credit reform proposals aimed at balancing the need for market liquidity with appropriate risk management while ensuring reasonable rates.
Venezuelan sands could dwarf Canadian reserves
Venezuela’s Orinoco Oil Belt could contain 513 billion barrels of technically recoverable heavy oil, double original estimates, according to a report released last week.
Eni, Oxy & Kogas seal Iraq deal
Three major oil and gas companies have sealed a deal with Iraq’s South Oil Company and Missan Oil Company that is set to increase production by 1 million barrels per day (bbl/d) over the next six years.
Upstream deals boost oil and gas companies’ outlooks
The value of oil and gas deals announced last year increased by 10% from 2008 to $198 billion, although the total number of deals fell from 1,152 to 837, according to Ernst & Young’s third annual global oil and gas transactions review.
Moody’s: Oil will average $75 in 2010
Oil prices will average $75 per barrel (bbl) in 2010, following rising growth in global oil consumption, fuelled by buoyant demand in developing economies, led by China, says rating agency Moody’s.
Consultants’ outlook: 2010 Expert views
Energy Risk convened representatives from Ernst & Young, MRE Consulting, Sapient, The Structure Group and SunGard Consulting Services to discuss a number of topics on the outlook for 2010, including new regulation, future market developments, credit and…
Energy Risk Deals of the Year 2010
In this extended feature, Energy Risk highlights 10 key deals that have helped to shape and advance the market over the past 12 months.
Deals of the Year: Morgan Stanley
Morgan Stanley takes on troubled energy account.
Deals of the Year: Essent Trading
Essent Trading in bio-coal deal with Stramproy Green
Deals of the Year: European Bank for Reconstruction & Development
EBRD structures deal for Romania’s first lignite-fired power plant.
Deals of the Year: Deutsche Bank
Deutsche Bank advises for Premier Oil acquisition of ONSL
Deals of the Year: Credit Suisse
Credit Suisse structures a crack-spread hedge for Alon USA refinery.
Deals of the Year: CE2 Carbon Capital
CE2 completes $10 million forestry aggregation project
Deals of the Year: Calyon & EDF Trading
Calyon and EDF Trading create trading partnership.
Deals of the Year: Bank of America Merrill Lynch
Bank of America Merrill Lynch's restructure of its credit facility with Reliant Energy enabled the smooth purchase of NRG by Reliant.
The risk of getting compliance wrong
A wave of investigations and prosecutions in recent years has driven many top energy players from the business. With regulators’ power set to increase, getting compliance right is now more important than ever. In the first of a two-part series, Michael…
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Deutsche Bank: Threats to commodities on horizon
Deutsche Bank sees the commodities market threatened towards the end of the year, when authorities aim to remove monetary and fiscal stimulus, despite seeing a renewed set of inflows in the sector in 2010.
Four charged with carbon trading fraud in Belgium
Four people have been formally charged by the Belgian authorities for money laundering, in an investigation into fraudulent trading in carbon emissions permits, according the Reuters news agency.
Total takes $2.25bn stake in US shale
The joint venture agreed by Total and Chesapeake in December could lead to further North American shale deals and signals Total’s desire to develop its unconventional resources worldwide.