Energy Risk - Volume3/No8
Articles in this issue
The end of an era?
Latin American governments are hiking taxes and forcing changes to contracts with oil and gas investors in a marked departure from the economic liberalisation of the 1990s. But reality may prompt a rethink, writes Maria Kielmas
BNP Paribas appoints Amine Belhadj
BNP Paribas has appointed Amine Belhadj as global head of commodity derivatives. He reports to Dominique Remy, global head of energy, commodities, export and project finance (ECEP) and Yann Gerardin, global head of equities and derivatives, and will…
Valid Assumptions Required: examining forward curve assumptions
Brett Humphreys and Eric Raleigh review assumptions about the forward curve and the difference between relative and absolute dates.
BP's Steve Leppard combines quant skills with sound business sense to create effective risk management solutions. He speaks to Oliver Holtaway about his career
A model of time-varying volatilities in futures contracts
Despite the utility of forward price models in the risk management framework, models of spot prices are used more prevalently. Ted Kury presents a tractable model with time-varying volatility, that allows for temporal changes
Clearing the way for competition
Until recently, NOS was the only player offering clearing for freight derivatives. But with the arrival of new players, competition is set to intensify. Oliver Holtaway reports
Benefits of compliance
The Energy Policy Act of 2005 profoundly increases regulatory risk for energy market participants in the US, but implementing an effective compliance programme can have long-lasting benefits, writes former FERC executive William Hederman, Michael Griffen…
Effective portfolio management has become crucial for energy companies, but creating the optimal portfolio is fraught with challenges, writes Colin Cooper
Stepping up a stage
Optimism over the freight derivatives market, which waned a little at the end of last year, is on the rise again, as volumes increase and new players enter. There are still hurdles to overcome though
The price is right?
For banks entering the physical power markets the opportunities are many, but pricing contracts in these volatile markets is fraught with difficulties. Aarzoo Shah, Riccardo Anacar and Antony Kakoudakis look at how to tackle these challenges
Knowledge is power
The first year of European carbon trading came to a bumpy end in May. But now the market finally has hard data about emissions, the ride should get smoother. Oliver Holtaway reports
Kick-off for spot
After years of relying on long-term contracts, LNG suppliers are committing more volumes to the short-term market in hope of exploiting tight fundamentals. Oliver Holtaway explores this new trend
Spectron appoints new chairman
Derek Tullett has been appointed chairman of Spectron Group, the leading energy broker and trading services company.
Industry gets energised
Attracting some 300 delegates, this year's Energy Risk USA conference was by far the biggest and most successful it's been since the fall of Enron, writes Stella Farrington
Asia's maritime centre
Traders hope that the arrival of freight and oil derivatives clearing for the first time in an Asian time zone will boost the growing FFA market in Asia
Weathering the impact of stormy price hikes
At the start of the 2006 hurricane season in the Atlantic Basin, Zachary Simecek takes a look at the impact on the energy markets