Structured products
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.
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
Juice Energy secures investment
Recently formed US power retailer Juice Energy has announced that it has secured significant capital commitments from a high-calibre group of investors.
Constellation Energy to acquire Progress contracts
Constellation Energy is to acquire power and gas contracts from Progress Ventures, a subsidiary of North Carolina-based Progress Energy.
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
DME receives approvals from Singapore, Japan regulators
The Dubai Mercantile Exchange (DME) has received its first approvals from overseas regulators in Singapore and Japan, ahead of its launch in May.
Spreading opportunities
Volatile European gasoil and US heating oil prices mean traders must follow inventory and temperature forecasts carefully to stay on the right side of moves in outright and spread values, writes Logical Information Machine's energy analyst Daven Voorhies
TXU agrees to record $45 billion buyout
The board of TXU Corp, the Dallas-based energy company, has agreed to a $45 billion takeover by private equity firms Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs, the investment bank.
DME announces launch date
The Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange, has announced that it will officially launch on 1 May.
CME launches hurricane index
The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.
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
Compliance solutions
Compliance with regulations such as Sarbanes-Oxley and Mifid is putting an increasing burden on energy-trading firms. Roderick Bruce looks at ways of overcoming the latest regulatory hurdles
Credit Suisse and NECC forge partnership
Credit and clearing service provider North American Energy Credit and Clearing (NECC) has entered into a joint venture with investment bank Credit Suisse.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.