Commodities
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Italians win Yukos auction – for Gazprom
EniNeftegaz , a Russian joint-venture between Italian companies Eni (with a 60% stake) and Enel (with a 40% stake) is the second winner in a round of auctions selling off the assets of Russian oil giant Yukos.
Meteor launches Galaxy Protected Commodities Plan in the UK
Meteor Asset Management, a specialist structured products provider in the UK, has launched a four-year protected investment plan linked to a basket of eight equally weighted commodities: aluminium, brent crude, copper, lead, natural gas, nickel, WTI…
UBS enters European power and gas
UBS has launched its European power and gas business with a trade in the UK gas market.
ICE launches Middle East sour crude contract
IntercontinentalExchange will go head-to-head with the Dubai Mercantile Exchange (DME) by launching a sour crude futures contract based on Middle East production.
DME launch delayed
The Dubai Mercantile Exchange (DME) today announced that it has delayed its launch by one month until June 1, 2007, subject to regulatory approvals of its clearing arrangement.
ISDA adds coal annex to its Master Agreement
The International Swaps and Derivatives Association (ISDA) today announced publication of the ISDA Global Physical Coal Annex to the ISDA Master Agreement.
JP Morgan signs up Deutsche Börse for nuclear custom index
Deutsche Börse has expanded its customised index range offering a World Nuclear Power Index for JPMorgan. The index will be offered exclusively by JPMorgan as an underlying for a range of structured products.
Survey reveals major energy buyers’ views and strategies
A pan-European price forecasting survey of 100 major energy users has revealed that only two fifths of respondents had a risk management policy - seen as essential when developing an energy procurement strategy.
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.
GM&T and Soteg sign power plant agreement
London-based Gazprom Marketing and Trading (GM&T), and Soteg, the main supplier of natural gas and electricity in Luxembourg, have signed a Memorandum of Understanding to form a joint venture for the construction of a combined cycle gas turbine plant in…
Swiss Re closes European Clean Energy Fund
Global reinsurer Swiss Re has announced the successful close of the European Clean Energy Fund, one of the largest funds of this type in Europe.
Plus ça change
macroeconomics
A turning point
Nordic Risk - Profile
Corporate consolidation
Corporate risk
The missing link
With several countries now developing emissions trading schemes, UN-supervised project-based emissions credits could become the linking instrument that creates a global price signal for greenhouse gas abatement. But greater standardisation in the market…
The hidden costs of climate change
The business risks posed to energy companies by climate change go well beyond compliance with emissions reduction schemes. Most companies that have taken climate risks into account have only considered half the picture, says John Firth
Charging at commodities
Canada may rank as the world's third largest hydrocarbon producer, yet its energy derivatives market has been, up to now, somewhat constrained. David Watkins reports
Michael Bertuccio
Roderick Bruce discovers what has helped BP's MICHAEL BERTUCCIO achieve his success on both the physical and financial sides of the energy business
Troubled waters
Nord Stream, the planned gas pipeline that will link the super giant Russian gas fields of Siberia directly with Europe, looks set to offer an important solution to the EU's energy security concerns. But even before under-sea construction has begun, the…
Impact of ethanol
Increased demand for ethanol in the US has led to predictions that biofuels will have a 30% share of global energy demand by 2030, writes Eric Fishhaut
Finding the way forward
US wholesale power markets are currently the subject of much concern. As Ferc begins a review to improve competition, Edison Electric Institute's Richard McMahon suggests some key ways to move forward
Purchase timing
Managing purchase timing risk is a constant issue for wholesale power buyers. Pavel Diko reviews products that reduce this risk, proposes a lookback option that can eliminate it completely and outlines a hedging strategy for the option writer
Engineering change
A new risk management culture is evolving in the Asian clean development mechanism market, which should lower CDM project risk while expanding financing options, finds Catherine Lacoursière