Energy
A risky climate
Climate change
A feast of futures
Associated British Foods is significantly exposed to commodity price fluctuations. Anna Gordon-Walker asks the company's finance team how it manages these diverse risks
BNP Paribas expands CER portfolio
BNP Paribas has entered into two new contracts to purchase certified emissions reductions (CERs) generated from Clean Development Mechanism projects in Mexico and India.
Oman obtains 30% share in Dubai Mercantile Exchange
The Sultanate of Oman’s Ministry of Finance has reached an agreement to acquire a 30% equity stake in the Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange.
Energen increases 2007 natural gas, liquids hedge
US-based Energen Corporation, owner of gas exploration and production company Energen Resources Corporation (ERC), has increased its natural gas and gas-to-liquids hedging position for 2007, the company announced.
Equiduct Challenges Project Boat
LONDON—Although Project Boat has been recently hailed as the answer to one of the key Mifid reforms to come on Nov. 1, 2007, the initiative is facing challenges from the newly created Equiduct as well as from other exchanges mulling their own offers.
Risk USA: Hancock calls for a reappraisal of risk management
Peter Hancock, president of Integrated Finance, a New York-based hedge fund and consultancy, urged managers to rethink the way they view risk.
Risk USA: Hancock calls for a reappraisal of risk management
Peter Hancock, president of Integrated Finance, a New York-based hedge fund and consultancy, urged managers to rethink the way they view risk. The dialogue on risk drivers has been “hijacked” by those who either oversimplify the process or become bogged…
Oman implements historic change to pricing of crude oil
In an historic move which could have wide-ranging implications for crude oil trading in Asia, Oman has announced it will price its crude on the settlement price of trading at the Dubai Mercantile Exchange (DME).
Solvency II Developments: CEIOPS publishes consultations and questionnaires
The EU supervisors are seeking more comments on its “post-third wave” round of consultations.
Progressive, Centrica team up in clean coal project
Progressive Energy, a clean coal project developer, is to team up with UK-headquartered utility Centrica to develop an advanced clean coal project in the UK.
LogicaCMG’s Prodis chosen for Aldbrough gas storage facility
LogicaCMG, an IT services company, has secured a contract with Statoil and SSE Hornsea to provide its Prodis software to manage the commercial operations of the UK’s largest onshore gas storage facility, Aldbrough.
El Paso expands 2007 hedge program
El Paso Corporation, one of North America’s largest independent natural gas producers, has announced that it has restructured and expanded the hedge program that supports its natural gas production for 2007.
Autos and telecoms dominate CDS trading again
Automobiles in the US and telecom companies in Europe were again the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.
UBS to launch European electricity and gas trading business
UBS plans to launch a European power and gas trading desk in the first quarter of 2007.
ETF Securities to launch 31 ETCs on Deutsche Börse
ETF Securities, a leader in exchange-traded commodities (ETCs), will launch 31 ETCs on Deutsche Börse’s Xetra platform on 3 November.
UBS to launch European electricity and gas trading business
UBS, the Zurich-based global investment bank, will launch a European power and gas trading desk in the first quarter of 2007.
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Hedge funds find joy in energy's distress
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