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ETRM Book 2
Untitled Document
Selecting and
Implementing
Energy Trading,
Transaction and
Risk Management
Software

– A Primer –
Authored & Edited by
Patrick Reames
and Dr. GM Vasey
Sponsored by Deloitte,
Sapient and Structure
ETRM Book
Untitled Document
Trends in Energy
Trading,
Transaction &
Risk Management
Software

– A Primer –
Edited by
Dr. GM Vasey
and Andrew Bruce
Sponsored by Allegro and SAS/RiskAdvisory

Catching Up

Filed under: Software, Energy, Commodities, General, Risk ManagementPatrick Reames | August 14, 2008 @ 8:52 am (Views: 229)

It’s been a while since I’ve had a chance to update the ol’ blog. I’ve had my head down, trying to finish up the 2008 North American ETRM Market Sizing Report. As I’m getting darn close to getting it done, I wanted to get caught up on a few things.

First Solarc recently announced that they had closed a deal with Buckeye Energy Services to use RightAngle to manage their refined products business. For those that aren’t familiar with Buckeye Energy Services, they are a sub of Buckeye Partners, LP. The company owns more than 5,400 miles of pipeline and operates another 2,200 miles for other companies. They also own 63 refined petroleum products terminals. Not bad for a company formed just last year. You can see the press release here.

Triple Point, on the same day, announced that they had signed Klesch & Company Limited, “a London-based investment firm focusing on control equity investments across a broad spectrum of industries”. Klesch will use Triple Point’s Commodity XL and Visual Cockpit to manage its commodity and risk operations for natural gas, oil and metals. A little about Klesch…”Founded in 1990, Klesch & Company has made investments valued in excess of $14 billion across Europe, the United States and Asia, with acquisitions including businesses from established public companies such as Alcan, AEGON, Deutsche Telekom and Dynegy.” You can read more about it here.

On the rumor front, SunGard Energy has apparently closed a “huge deal” in Europe. While the company is being tight lipped about releasing any information, the deal apparently cuts across several SunGard product families and, if the numbers I hearing are correct, is probably the largest European ETRM deal in recent memory.

Finally, I’ll leave you with this…Mahatma Gandhi, as you know, walked barefoot most of the time, which produced an impressive set of calluses on his feet. He also ate very little which made him rather frail. Given his odd diet, he also suffered from bad breath. He was a…(prepare yourself ’cause this is going to hurt)…super calloused fragile mystic hexed by halitosis.

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