Oil giants look to gas and power trading

Despite the fall of energy trader Enron, Shell and BP are both seeking to develop their wholesale trading side, and have selected Tibco’s systems to help them do so. By Don Stowers

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Asset-poor Enron Corp may have stumbled by the wayside, but two highly respected global energy companies with abundant assets are adopting a key element of the bankrupt Houston company’s strategy to expand their own business.

In recent months, Royal Dutch/Shell Group and BP have turned increasingly to wholesale trading as a means of marketing their products and services. The two firms have set up large trading operations in Europe and North America, including groups that trade natural gas and

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