With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said last Thursday. Absent a trading arm, Felsinger said Sempra most likely will build a new program internally around its existing businesses, particularly in the natural gas sector.
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Articles from Away
Sempra Selling Energy Trading JV Interest
With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.
February 26, 2010
Sempra Selling Energy Trading JV Interest
With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.
February 26, 2010
Gensler Calls for Shift from Dealer-Dominated OTC Derivatives Market
It’s time for over-the-counter (OTC) derivatives to move away from a dealer-dominated market to a central marketplace to lower risk and increase transparency, the head of the Commodity Futures Trading Commission (CFTC) said Wednesday.
January 7, 2010
ConocoPhillips ‘Shrinking to Grow,’ Says Mulva
ConocoPhillips is moving away from the integrated oil and gas model and will sell billions in global assets, including 10% of its North American portfolio, to pare debt and improve shareholder returns, CEO Jim Mulva said last week.
November 2, 2009
ConocoPhillips ‘Shrinking to Grow,’ Says Mulva
ConocoPhillips is moving away from the integrated oil and gas model and will sell billions in global assets, including 10% of its North American portfolio, to pare debt and improve shareholder returns, CEO Jim Mulva said Wednesday.
October 29, 2009
Kinder: Basis Is On the Move
The Rockies Express Pipeline (REX) has been credited (or blamed) for squeezing North American basis differentials, but they’re not going away, Kinder Morgan Energy Partners LP (KMP) CEO Richard D. Kinder told financial analysts last Wednesday.
October 26, 2009
Sage Grouse Study Argues for Less Drilling in West
Greater sage grouse habitat is declining at a sharp rate in the West, and aggressive steps need to be taken to shift away natural gas and oil development, according to a peer-reviewed study.
October 26, 2009
Sage Grouse Study Argues for Less Drilling in West
Greater sage grouse habitat is declining at a sharp rate in the West, and aggressive steps need to be taken to shift away natural gas and oil development, according to a peer-reviewed study.
October 26, 2009
Kinder on Pipes and Basis: Don’t Build It Until They’ve Come
The Rockies Express Pipeline (REX) has been credited (or blamed) for squeezing North American basis differentials, but they’re not going away, Kinder Morgan Energy Partners LP (KMP) CEO Richard D. Kinder told financial analysts Wednesday.
October 22, 2009
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