Enterprise risk
Amaranth losses puts risk management in the spotlight
As well as spooking players in the natural gas markets, the $6 billion losses of multi-strategy hedge fund Amaranth have put the issue of risk management, and particularly capital-at-risk, under closer scrutiny than ever
Surveying risk management
How is risk management viewed in your company? Are there risks you would like to measure but don''t? Which methodologies are most commonly used? What should the discipline tackle next? Our latest survey reveals all
Do energy hedge funds need cutting down to size?
Energy hedge funds have made public over $10 billion worth of losses in recent months, once again calling into question their impact on energy markets and raising concerns of systemic risk. Catherine Lacoursiere investigates
Risk management for LDCs
US Gas Distribution Companies, long experienced in managing volumetric risk, now face market risk, high commodity prices and credit risk. Matthew Frye looks at strategies to model these risks in aggregate
Bankruptcy Code confusion
Amendments to the US Bankruptcy Code concerning forwards, swaps and commodity contracts have far-reaching implications for energy company bankruptcies, but uncertainties remain, write Kenneth Irvin and Nathan Coco
Vultures in Congo
Energy companies have long accepted a degree of country risk when investing in developing nations. But oil and gas companies now face a new threat to their international investments - and its origins lie closer to home. Andrew Derman, Andrew Melsheimer…
Jaime Roman, risk managing director, Endesa, Spain
Jaime Roman is chief financial officer and risk managing director at Spanish utility Endesa. Holding a PhD in Electrical Engineering, he was in academia before being approached to join Endesa in 1997
Brazil switches on to risk management
As Brazil's electricity market restructures, increasingly sophisticated risk management tools and systems are required, writes Leigh Parkinson
Jane McCarthy, manager of portfolio risk management BHP Billiton
Jane McCarthy is manager of portfolio risk management at BHP Billiton. She is responsible for quantitative portfolio modelling and risk analysis, including regular reporting to the board and financial risk management committee
David Davies, chief financial officer, OMV
David Davies has been the chief financial officer at Austrian oil and gas group OMV since April 2002. A trained chartered accountant, Davies has held senior financial roles in companies that span a variety of industry sectors, including chemicals,…
Paul de Fries, group risk manager, Noble Group
Paul de Fries is group risk manager of Noble Group. He began his career at the IPE, was a derivatives trader with Hull, and later joined ING Bank. He was head trader at Macquarie Bank before joining Noble in 2001
Petter Kapstad, head of risk management, Statoil
Petter Kapstad is head of risk management at Statoil, Norway's largest oil company. In 1997, Kapstad helped to steer Statoil through the implementation of a groundbreaking enterprise-wide risk management (EWRM) programme
Vladislav Soloviov, chief financial officer, RUSAL
Born in 1973, Vladislav Soloviov, is the chief financial officer at Russian aluminium giant RUSAL. Before joining RUSAL he held key roles in The Russian Federation's Ministry of Taxes and Dues
Technology - Software selection - Selection success
Getting the best results from external ETRM software offerings requires careful preparation and an ongoing commitment from management. Addam Alderete outlines the key issues
Technology - Build or buy - To build or buy?
Today's complex energy markets mean the traditional decision of whether to build or buy trading and risk management software systems has never been more important, writes Mark Raine
BNP Paribas appoints Amine Belhadj
BNP Paribas has appointed Amine Belhadj as global head of commodity derivatives. He reports to Dominique Remy, global head of energy, commodities, export and project finance (ECEP) and Yann Gerardin, global head of equities and derivatives, and will…
Steve Leppard
BP's Steve Leppard combines quant skills with sound business sense to create effective risk management solutions. He speaks to Oliver Holtaway about his career
Optimal results
Effective portfolio management has become crucial for energy companies, but creating the optimal portfolio is fraught with challenges, writes Colin Cooper
Industry gets energised
Attracting some 300 delegates, this year's Energy Risk USA conference was by far the biggest and most successful it's been since the fall of Enron, writes Stella Farrington
Brian O'Cathain, CEO, Afren
Brian O'Cathain, CEO of oil exploration company Afren, talks with Eithne Treanor about the risks and rewards facing small oil companies in Africa.