A Commodity Point CommodityAlertBy Patrick Reames
At CommodityPoint, we will on occasion visit with the leaders of the largest suppliers of technology in the commodity trading and risk management (CTRM) space to get their take a broad range of topics, from the current state of the ETRM/CTRM market place to recent developments within their companies.
Today’s conversation […]

House and Senate committees worked through the night last night to reconcile their two versions of banking reform legislation and announced this morning that their work was done. Based on the early reports, its not entirely clear what the full impact will be on bank-backed energy trading operations.
According to the Washington Post, here are […]

Given my operational background, I’m intrigued by the Gulf of Mexico disaster, because I know that it is an event that should have never occurred, particularly if all proper procedures had been followed. I’ve read and seen all sorts of theories about the cause from various experts and even a few nutjobs (the most […]

Allegro issued a press release this week announcing that Repower (formerly known as Räetia Energie), an international energy company based in Switzerland, had purchased and successfully implemented Allegro 8 to manage its emissions trading activities. Further, the company also announced that they had extended their reach with Repower and will be implementing their system […]

Though no official announcement has been made yet, Alan Gunn, Solarc's VP of Product Marketing has confirmed that the company has recently closed a deal with Lansing Trade Group in Overlandpark KS for Solarc's RightAngle product. Lansing will use RightAngle to manage the business of their newly established NGL trading group.
Additionally, Mr. Gunn tells […]

Hollywood hotshot director, James Cameron, is PO’d. And why wouldn’t he be, after all he did volunteer to step in and solve the Deepwater Horizon blowout, but BP doesn’t seem to be taking him seriously. What the heck is the matter with BP, don’t they realize this is the guy that […]

A CommodityPoint CommodityAlertBy Gary M. Vasey, Ph.D.; Managing Director, Europe and AsiaPac
The announcement by Triple Point this week that Su-Raj Diamonds had selected it’s Commodity Trading and Risk Management (CTRM) software to manage its Precious Metals sourcing and operations is the latest in a series of announcements by the CTRM vendor community of licensing […]

A CommodityPoint CommodityAlertPatrick Reames - Managing Director, The Americas
The Deepwater Horizon disaster is clearly a human tragedy and ecological catastrophe. The impacts of the event are being felt along the fishing grounds of the Gulf Coast, in the board rooms of the various companies that drill for offshore oil and gas, in the halls […]

BP is providing a live video feed of the flow from the site of the Deepwater Horizon disaster site. The feed, here, shows the gas and crude flowing from the end of the damaged riser pipe, which I believe is about 12 inches in diameter. The company has also created a dedicated section […]

Allegro announced yesterday that Genesis Energy, L.P. has licensed Allegro 8 to manage their crude oil gathering and refined products operations. According to the press release, Genesis will utilize the system for crude purchasing, physical logistics, refiner services, storage and hedging activities for their wide ranging, crude-centric business activities along the Gulf Coast.