Natural gas
JP Morgan and RBS Sempra Commodities agree $1.7bn deal
RBS Sempra Commodities has sold its global oil, global metals, and European power and gas assets to JP Morgan for $1.7 billion.
FirstEnergy and Allegheny announce $8.5bn merger
FirstEnergy and Allegheny Energy have announced an $8.5 billion stock-for-stock merger transaction that would create a diversified generation portfolio including 2,200 megawatts (MW) of renewables.
Citi names new global commodities head
Stuart Staley has taken over as Citigroup’s global head of commodities, as the bank aims to boost the business by 30-40% over the next three years.
Will Russia leave Europe out in the cold?
After numerous disputes with its neighbours, Russia is looking beyond Europe for more reliable gas consumers. But with worldwide production on the up, Europe also has other options. Lianna Brinded asks whether Russia can afford to turn its back on the…
Commodity Rankings: Reclaiming the top spot
The 2010 Risk/Energy Risk Commodity Rankings reveal which companies have been able to prosper despite the difficult conditions of 2009. Lianna Brinded analyses the results and talks to key market participants about their views
Goldman Sachs tops Energy Risk/Risk commodity rankings 2010
Goldman Sachs has reclaimed the top spot as best overall energy dealer, in the Energy Risk/Risk commodity rankings 2010, relieving Morgan Stanley of its two-year reign at number one.
Transmission holds US wind power back despite 2009 record
Wind power is now the joint leading source of new electricity generation in the US, tying with natural gas, due to record levels of new capacity last year, according to the American Wind Energy Association (AWEA).
US natural gas shale plays threaten Canada export market
Natural gas shale plays in Canada and the US look set to skew the traditional supply and demand dynamics between the two countries. Pauline McCallion looks at the implications and potential alternative routes to market for Canada
Natural gas: a global market?
Greater correlation between UK and US natural gas prices is reflecting a shift in global supply and demand fundamentals, which could offer significant new arbitrage opportunities for traders. Pauline McCallion finds out if such a change could be permanent
UK gas markets to eye US for LNG supply
Transatlantic arbitrage could be on the horizon for the UK, after the manager of UK’s natural gas network National Grid, issued its second gas balancing alert this winter to address the shortfall of supplies from Norway.
Cold snap highlights UK’s gas storage tightness
UK gas prices have risen following severe winter weather, prompting experts to renew calls for increased storage capacity and a more diversified energy supply.
Exxon boosts unconventional gas position
Exxon Mobil and XTO Energy have announced an all-stock transaction valued at $41 billion, in a move designed to enhance Exxon’s position in unconventional natural gas and oil resources.
GM&T USA and Statoil sign gas MoUs
Gazprom Marketing & Trading USA (GM&T USA) and Statoil have signed a non-binding memorandum of understanding (MoU) for a series of agreements covering various gas and LNG deals.
Report notes potential of NGV demand
Natural gas demand could be boosted by two initiatives being debated in Congress that promote natural gas vehicles (NGVs).
Gazprom and EDF announce transatlantic gas swap
Gazprom Marketing & Trading and EDF Trading have announced details of an agreement to swap natural gas between the US and European markets.
Too much of a good thing
The price of US natural gas has hit record lows, but with storage fit to burst and demand in the doldrums, any hope of a price pick-up may remain a pipe dream for now, writes Pauline McCallion
Corporate profile: Gazprom Marketing & Trading: energetic expansion
2009 marks 10 years since Gazprom Marketing & Trading was founded in the UK. Following another year of record financial results in 2008, the company’s executive team discusses Gazprom’s expansion into a leading global cross-commodity marketing and…
Sparking innovation
In the second of two articles tracing the beginnings of energy derivatives trading, Roderick Bruce looks at the development of the natural gas and electricity markets in the US and Europe
Paying the piper
The Nord Stream pipeline, planned to come online in 2011, will be vital to help Europe meet its future gas demands. However, financing any infrastructure project in the current climate is difficult. Roderick Bruce looks at the challenges facing Nord…