Energy Risk
LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.
Energy & Commodity Rankings
Energy : Leader of the pack Metals : UBS takes top metals spot
2007 rankings result tables
A full breakdown of the top dealers and brokers, category by category, including: oil, natural gas, electricity, coal, environment, research, structured products, agricultural products and metals
Foot on the gas
Gazprom Marketing and Trading entered the UK in 1999 with ambitious plans. Today it has a presence in six European countries and trades power, oil, coal and liquefied natural gas. Roderick Bruce meets head of trading Keith Martin and business development…
CATHERINE FLAX
Catherine Flax, global head of commodities marketing at JP Morgan talks to David Watkins about what makes the energy sector so unique
Full spectrum
In January, Duke Energy spun off its natural gas business into a stand-alone company – Spectra Energy. David Watkins talks with Martha Wyrsch, Spectra president and chief executive, about the benefits of a pure-play firm versus an energy superstore
Phase II takes shape
Despite the EC's tough stance on Phase II national allocation plans, carbon prices are drifting downwards. The potential for legal wrangling and uncertainty over the importing of project-based credits could be to blame, reports Henrik Hasselknippe
Leading the pack
Increased investment in the steadily growing commodity derivatives markets is paying off for many new entrants, but the old guard continues to maintain the biggest piece of the pie. Oliver Holtaway reports
Beyond compliance
Operational risk for the energy sector covers everything from production to transportation. Companies are now seeking sophisticated solutions to integrate op risk into wider risk-management programmes, as Oliver Holtaway reports
Gas portfolio and transport optimisation
Deciding which instruments to use to balance gas flows is not easy. Gido Brouns and Alexander Boogert discuss how to achieve gas portfolio optimisation by integrating this with the various gas transportation options available
Deregulation backtrack
Montana's new Public Service Commissioner Ken Toole has long been against the deregulation of electricity markets and is now pushing for re-regulation in the state. He talks with David Watkins
Calling for clarity
As a US federal carbon trading scheme begins to look increasingly likely, the current lack of a definitive regulatory framework is frustrating the forward planning of utilities and power suppliers, finds David Watkins
UBS takes top metals spot
UBS has won top spot in this year's metals poll, pushing last year's winner, Barclays Capital, into second place. Goldman Sachs finishes in third position and HSBC in fourth, in a year characterised by volatile metal prices. By Mark Pengelly, with…
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
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
Trading Technologies to support trading on Nybot
Trading software developer Trading Technologies (TT) has announced that from 2 February it will support electronic trading of the New York Board of Trade’s (Nybot’s) benchmark agricultural commodity products through its X_TRADER order-entry platform.
ICE/Nymex rivalry deepens over softs
Soft commodities such as coffee and sugar are the latest battleground for rival exchanges ICE and Nymex. David Watkins charts the showdown
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”.