Energy Risk - Energy Risk July 2010 issue
Articles in this issue
Trading positions – July 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
Knock-on effects of US drilling ban could be long-lasting
What longer-term implications could the moratorium on new drilling in the Gulf of Mexico have on production costs and supply amid uncertainty over new regulations asks Pauline McCallion
Gap between PR on safety & reality hit BP
BP has been accused of negligence and arrogance following the Deepwater Horizon disaster. Alex Davis examines the central role energy sector reputational risk management must now play
Energy sector’s retirement timebomb poses major op risk
Up to 80% of the world’s current energy and commodities workforce are set to retire within 15 years according to recent data. Lianna Brinded investigates the operational risk implications
Asian demand spurs commodities boom
Asian demand for commodities continues to be insatiable. Alex Davis looks at how western investment banks are looking to take advantage of the opportunities presented by the growth
European refineries face difficult times
European refining has been in the doldrums for the last few years. Alex Davis looks at the outlook for Europe’s refiners and at how this will affect hedging strategies
US power markets switch to nodal trading
Several North American power market system operators have switched to a nodal system in recent years in search of greater market transparency, more granular and accurate pricing and the ability to manage congestion more precisely. Pauline McCallion looks…
The slow growth of the carbon offsets market
Despite the integral role played by forests in efforts to combat global warming, the market for forest-based carbon offsets has been slow to develop. Katie Holliday talks to experts about how this landscape is now changing
Obstacles in the UK power market
An uncertain landscape for the UK power market is discouraging the participation of smaller electricity companies and preventing the development of healthy liquidity levels, say experts. Katie Holliday investigates the market’s prospects
Managing change in energy markets
Adapting to change is essential for companies in the ever-evolving energy markets. Risk managers are well placed to take a leading role in change management. Jay Jayasuriya and Julie Shochat of Enite set out a change management plan
Risk managers debate at Energy Risk USA conference
Energy risk managers from across North America convened at Energy Risk’s annual US conference in May to discuss the many challenges currently facing the sector, including derivatives regulation and carbon market growth, as Pauline McCallion reports
GFI's Michael Cosgrove to CFTC’s Scott O’Malia
This month, Michael Cosgrove, managing director, head of energy and commodities, at GFI Group, puts his questions to Scott O’Malia, commissioner at the US Commodity Futures Trading Commission (CFTC)
Turning points: Philippe Laraison, MD commodities trading, Société Générale
Philippe Laraison, managing director of commodities trading at Société Générale talks to Katie Holliday about his biggest career challenges and the growth of the bank’s commodities division
Overview of US regulatory reforms
US legislators are shoring up a range of sweeping financial regulations to tighten derivatives trading. Pauline McCallion provides an overview to the regulatory changes in the pipeline
Uncertainty over CFTC position limits
A new position limits regime for energy trading in the US could have a significant impact on the sector. Pauline McCallion examines the proposals and finds out about the potential implications for energy players
Energy firms face capital adequacy squeeze
Impending regulation changes will have a profound impact on the operational side of the energy markets as energy companies face capital adequacy issues. Lianna Brinded investigates how companies will cope and what repercussions the changes will have on…
Shake-up ahead for financial technology
With a raft of financial market reforms set to alter the landscape of energy and commodities trading by the end of the year, Lianna Brinded takes a look at how financial technology needs to develop in order to keep up with regulatory changes
Hedgers’ dilemma over exchange rules
Pauline McCallion speaks to industry experts to find out what new derivatives regulations could mean for the end-users of energy hedging products
Energy Risk Awards 2010 - photos from receptions in Houston and London
Photos of the highlights from Energy Risk’s recent 2010 Awards ceremonies in Houston and London
