News
EEX to launch intraday nat gas auction
European Energy Exchange (EEX) will launch an intra-day auction on the German spot market for natural gas on July 15 2009.
DOE awards $408m to CCS projects
US Department of Energy Secretary Steven Chu announced today that two carbon capture and storage (CCS) projects will receive $408 million in funding from the American Recovery and Reinvestment Act.
BG Group buys into US shale
US oil and natural gas company Exco has signed an agreement with UK-based BG Group to jointly develop its Haynesville shale gas assets.
EU issues national template to meet renewables targets
The European Commission has issued a template for National Renewable Energy Action Plans (NREAPS) requiring Member States to detail their strategies for reaching 2020 renewable energy targets.
Baltic Dry Index altered to boost derivatives trading
Changes will be made to how the Baltic Dry Index (BDI) is calculated in an effort to boost derivatives trading, the Baltic Exchange announced today.
CME launches clearing services for physical NGL contracts
CME has announced the launch of clearing services for six new physically delivered natural gas liquids (NGL) futures contracts.
National Grid secures £360 million loan for UK gas distribution upgrade
The European Investment Bank (EIB) has signed a loan of £360 million ($590 million) to National Grid to support the company's investment programme for the upgrade and extension of its four gas distribution networks in the UK.
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Turner: Capital and liquidity are core of bank regulation
Banking supervision must focus on better capital and liquidity standards, said Adair Turner, chairman of the UK Financial Services Authority (FSA).
Hedge fund group proposes tighter liquidity and anti-fraud rules
Hedge fund managers should use independent administrators to prevent fraud, and should impose limits on redemption requests, the Hedge Fund Standards Board (HFSB) recommended on July 1.
CDS spreads tighten further on US financials
The cost of credit protection on major US financials fell in today's European and Asian trading.
Agencies aim to unite US with Basel liquidity risk standards
US regulatory authorities yesterday released proposed guidance on contingent funding and liquidity risk in a bid to bring US financial institutions into alignment with international liquidity standards.
Change to BDI looks to boost derivatives trading
The way the Baltic Dry Index (BDI) is calculated will change as of July 1, in a move designed to encourage derivatives trading of the index.
Ex-Countrywide chief faces fraud charges
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