Foreign exchange
Lehman Brothers buys Eagle Energy
Lehman Brothers, the global investment bank, has announced that it will buy the remaining two thirds of energy marketing and services company Eagle Energy Partners for an undisclosed fee.
CFTC demands Platts data
The US Commodity Futures Trading Commission (CFTC) has filed an application in Columbia District Court, seeking to enforce a subpoena for energy-related documents it served on publishing group McGraw-Hill. Part of an ongoing investigation into energy…
Société Générale
Oil and Products House of the Year
Merrill Lynch Commodities
Coal House of the Year
Commissioning change
Ferc chairman Joseph Kelliher talks with David Watkins about his views on the US energy markets, the Ferc's competition review and what needs doing next
GFI/Amerex/StarSupply
Broker of the Year
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…
Bank of Montreal reports heavy commodity trading losses
BMO Financial Group, formerly the Bank of Montreal, said today that it has incurred second-quarter mark-to-market commodity trading losses estimated at between C$350 million ($313 million) and C$450 million ($403 million), pre-tax.
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.
UBS enters European power and gas
UBS has launched its European power and gas business with a trade in the UK gas market.
ICE launches Middle East sour crude contract
IntercontinentalExchange will go head-to-head with the Dubai Mercantile Exchange (DME) by launching a sour crude futures contract based on Middle East production.
ISDA adds coal annex to its Master Agreement
The International Swaps and Derivatives Association (ISDA) today announced publication of the ISDA Global Physical Coal Annex to the ISDA Master Agreement.
Swiss Re closes European Clean Energy Fund
Global reinsurer Swiss Re has announced the successful close of the European Clean Energy Fund, one of the largest funds of this type in Europe.
Storm Exchange launches electronic weather exchange
Storm Exchange, a financial technology company that helps corporations to reduce the financial impact of unplanned weather on earnings, has unveiled an electronic weather exchange based on 500 proprietary, industry-specific weather indices.
Macquarie Cook Power begins trading
The Macquarie Group, a global financial services firm, today announced the commencement of trading by Macquarie Cook Power, an electricity trading and marketing company servicing the US energy market.