Energy Risk
Stand-off over hub plans
German firms Ruhrgas and BEB Erdgas & Erdöl and Norway’s Statoil say they want to work with Gasunie on developing the northwest European natural gas trading hub. Gasunie is making similar noises. So why the separate plans, asks Peter Joy
Counterparty concerns
Following the California crisis and the fall of Enron, energy firms are finally paying more attention to credit risk. Here Fred Cohen, Satyan Malhotra and Rafael Cavestany present some overarching issues senior management must address in implementing an…
Building blocks for complex probability distributions
Brett Humphreys demonstrates how to construct more accurate return distributions and use them to price options
Covering the threat
Since September 11, energy companies have had to re-assess the threat of terrorist attack. Despite the insurance industry introducing new terms and products, some companies remain unprotected, as Joel Hanley discovers
At the end of the tail
When fat tails are present, extreme value theory provides a framework for estimating value-at-risk at higher confidence levels with greater accuracy than traditional Var methods. Naveen Andrews and Mark Thomas explain
Weather risk solutions
Germany
Opening up Germany’s gas market
Germany
Two hubs or one?
Germany
At the heart of Europe
Germany
Controlling power
Germany
Out on its own
Germany
At home and abroad
Germany
Clearing the way?
Germany
Growing quietly
Germany
Airlines tackle price turbulence
Industry woes force airlines to get serious about improving efficiencies, including implementing new hedging and procurement tools, as Don Stowers discovers
Going to extremes
With regional generating capacity in the US having to tackle temperature extremes, software provider Logical Information Machines looks at Pennsylvania-New Jersey-Maryland market data history to suggest how we might forecast such extremes
Going OTC with forwards and swaps
Continuing our series of risk management tutorials, this month Dan Rowe look at swaps and forward contracts in the over-the-counter market