Energy Risk/News
CFTC prepares for carbon role
The CFTC expects to oversee derivatives products associated with carbon dioxide allowances under US federal cap-and-trade scheme
Goldman's commodity record
Record results for first-quarter 2009 commodity trading driven by competitive dynamics, wider margins and liquid transactions
SunGard launches Aligne
Pennsylvania-based software firm SunGard has introduced a software solution suite to help energy companies improve and speed up decision making through streamlining and integrating information across different business operations.
BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
Ex-SemGroup CEO denies trading strategy caused bankruptcy
Former SemGroup chief Tom Kivisto has criticized a court report that stated his speculative oil trading drove the company to bankruptcy.
Morgan Stanley named in FCStone saga
Morgan Stanley has revealed its role in the disposal of a loss-making energy trading account by FCStone in March 2009.
LCH snubs DTCC merger
A proposed merger between London-based derivatives clearing house LCH.Clearnet and US clearing giant the Depository Trust & Clearing Corporation (DTCC) has fallen through.
RWE/E.ON and EDF win UK nuclear auction
The UK government has confirmed that the Nuclear Decommissioning Authority has successfully completed the auction of three potential new nuclear sites for a combined total of £387 million, significantly more than the government had previously expected to…
First domestic Australian CER trade
The first Certified Emission Reduction (CER) trade between two Australian counterparties has been made by Victorian electricity generator Loy Yang Power (LYP) and Queensland-based commodity trading and risk management firm Arcadia Energy Trading. The…
Dong extends offshore UK wind investment
Denmark based Dong Energy has announced that it will build a second offshore wind farm in the Irish Sea as part of a €1.3 million (US$ 1.7 million) investment plan.
Total bid for UTS fails
French energy company Total has announced the expiry and termination of its offer to acquire UTS Energy for C$1.75 cash per share.
ICE launches 20 OTC cleared oil contracts
IntercontinentalExchange (ICE) has introduced 20 new cleared OTC oil contracts, which will be available for clearing from May 18, 2009.
UK commodity fund opens Denver office
UK headquartered Ebullio Capital Management has opened an office in Denver, Colorado, to service demand from US investors for its commodity hedge fund.
Carbon trading volumes up but market value down in 2009
Trading volumes in the global carbon market grew by 37% in the first quarter of 2009, compared to quarter four of 2008, according to New Carbon Finance.
Brokerage launches online catastrophe price index
Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters have today launched the Willis Re Catastrophe Price Index.
Utilities call for early allocation of emissions
US utilities have called on Congress to allocate emissions allowances in the early years of a national cap-and-trade scheme during testimony before the House Energy and Commerce Committee yesterday.
No new coal without CCS, says Miliband
Energy secretary Ed Miliband announced yesterday that there will be no new coal plants built in the UK without carbon capture and storage (CCS) technology, in a move designed to place Britain at the forefront of technological developments.
Swiss Re ceases carbon trading
Zurich-based reinsurer Swiss Re is closing its carbon emissions trading desk, according to a spokesperson.
Citi to trade CERs in Israel
Citi has confirmed details of a recent emissions deal for certified emissions reductions (CERs) from a clean development mechanism (CDM) project in Israel.