Energy Risk
AES wind power blows into China
Global power company AES has announced plans to expand its wind generation business into China through the creation of a joint venture with renewable energy producer Guohua Energy Investment.
Calyon Financial and Fimat to merge
Investment banks Société Générale and Calyon have agreed to merge the brokerage activities currently carried out by their respective subsidiaries, Fimat and Calyon Financial.
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
House passes controversial energy bills
A controversial bill to re-direct $15 billion in oil-industry tax breaks towards renewable energy initiatives over the next decade has been passed in the US House.
Court of appeals rules in favor of Ice in Nymex litigation
The United States Court of Appeals for the Second Circuit has ruled in favour of IntercontinentalExchange in its long-running litigation with the New York Mercantile Exchange (Nymex) over the right of market participants to use Nymex settlement prices.
Barcap increases commodities appetite
Investment bank Barclays Capital has sharply increased its appetite for risk-taking in the first half of 2007, with all the new risk being taken in the commodities segment, according to Barcap reports.
Lufthansa
The German airline group stresses strong communication between those handling the physical and financial sides of the business as paramount to energy price risk management
The one that gets away
Managing volumetric risk is exceedingly challenging, yet getting it wrong can damage a company's reputation and make it look as though it is not in control of its operations. Garth Renne and Ken Truesdell of Brookfield Power suggest some solutions
Adelaide Brighton
Volatility in the Australian power market has forced the cement manufacturer to employ some innovative risk management and asset optimisation solutions
A spreading collapse?
The unbridled optimism that spurred the ethanol market upwards in 2006 has been replaced by a more sombre mood. David Watkins reports
Accessing China's oil market
China's wholesale oil market is opening up to foreign investment and several western oil majors are making inroads. But many regulatory obstacles remain, as Lauren Hilgers reports
Going with the flow
The competitive edge that physical natural gas players have historically enjoyed is being eroded by advances in information flows. Vincent Kaminski and Russell Braziel discuss their study, which suggests new information flows have transformed natural gas…
Rethinking US liberalisation
Citing rising electricity prices, critics of liberalisation have recently managed to convince lawmakers in several US states to rethink policies that ban utilities from owning power plants. Elisa Wood investigates the current state of play
Tales from the sell side
Asia, and in particular China and India, represents the largest source of project-related emissions reduction credits going into the UN's Clean Development Mechanism system. Oliver Holtaway speaks to Asia Carbon Exchange's N Yuvaraj Dinesh Babu about the…
AstraZeneca
Pharmaceutical company AstraZeneca has restructured its supply contracts towards a more flexible model
Weathering risk
Earlier this year, Storm Exchange unveiled its electronic weather exchange, based on 500 proprietary, industry-specific weather indexes serving the over-the-counter markets. David Watkins speaks to David Riker, Storm's president and chief executive,…
Weighing up the options
Mounting domestic environmental issues and worldwide energy security uncertainty are pushing the Chinese government to consider the full gamut of energy options – including renewables. Yue Zhang and Chong Siang Chew of the Institute of Energy Economics,…
Edward Morse
Previously a professor, a politician and now chief energy economist at Lehman Brothers, Edward Morse talks to David Watkins about his accidental career in energy
Tentative decisions
Private equity has shied away from investment in energy assets in the past. But as Ian Bagshaw and Charles Jacobs, partners at Linklaters, explain, some players are now starting to show an interest
Stora Enso
The Scandinavian paper maker has found that having its own generation assets can be an effective hedge against rising and volatile power prices
South Korea hedges its bets
Corporate hedging of energy and commodity price risk in South Korea used to be the purview of a handful of large conglomerates. But a recent change in regulation has opened up the door to a whole new tier of potential hedgers. Local banks are now teaming…