Enterprise risk
Nymex considers lawsuit against Optionable
The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.
Uncertainty mounts as Optionable falls
Aa bleak week for Optionable Inc, the New York-based energy brokerage behind the Bank of Montreal’s gas trading losses, has continued to get worse. Uncertainty is now growing over the brokerage's relationship with the New York Mercantile Exchange (Nymex).
OTC Legal and Black Swan Risk Advisors form strategic alliance
OTC Legal, a legal services company, and Black Swan Risk Advisors (BSRA), an independent advisory and educational services firm, have formed a strategic alliance. Together they will provide comprehensive legal, transactional tax, regulatory and risk…
Measuring success
A cutting-edge survey by McKinsey & Company reveals which types of trading are most prevalent and successful among utilities. Using survey data, McKinsey's Jörg Doege, Sven Heiligtag and Peter De Wit suggest guidelines for creating successful trading and…
Whose side is your consultant on?
Choosing the most appropriate front- and middle-office software often requires companies to seek expert advice. However, consultant expertise and objectivity can vary greatly. Choosing the right software consultant is a task itself, writes Ryan Rogers of…
UBS
Energy Finance House of the Year
Towers Perrin
Advisory Firm of the Year
GlobalView Software
Data Management House of the Year
Nuon goes live with Xenon platform
Dutch utility Nuon has rationalised all its trading and risk management on single platform by adopting Sakonnet’s Xenon software.
Italians win Yukos auction – for Gazprom
EniNeftegaz , a Russian joint-venture between Italian companies Eni (with a 60% stake) and Enel (with a 40% stake) is the second winner in a round of auctions selling off the assets of Russian oil giant Yukos.
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
Better prospects
Russia offers better prospects for industry to develop and far more investment opportunities than is widely recognised, writes Pavel Ulianov of Russian metal giant Rusal
The hidden costs of climate change
The business risks posed to energy companies by climate change go well beyond compliance with emissions reduction schemes. Most companies that have taken climate risks into account have only considered half the picture, says John Firth
The IFRS conundrum
Firms with a public listing in the EU need to adhere to complex accounting standards on financial instruments. Michiel Mannaerts and Pieter Veuger look at the latest implications for energy companies
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
LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.
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.
Climate change: FSA warns of risk, predicts opportunities
The Financial Services Authority (FSA) has stated in its Financial Risk Outlook 2007 report that climate change poses “considerable risks and challenges to the financial sector”.
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
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