Sachs

As the U.S. House moved toward debate and a possible vote this week on financial market reform, including moving a large part of over-the-counter (OTC) derivatives trading onto exchanges, oil and gas producers warned that unless language excluding commercial traders from compulsory clearing is retained, it “would cost the energy industry alone tens of billions of dollars.”

Goldman Sachs last week raised its 2010 gas production forecast and lowered its New York Mercantile Exchange (Nymex) price forecast for the year to $6/MMBtu from $7.30/MMBtu. The firm also introduced a 2011 Nymex forecast of $6.50/MMBtu.

Goldman Sachs on Thursday raised its 2010 gas production forecast and lowered its New York Mercantile Exchange (Nymex) price forecast for the year to $6/MMBtu from $7.30/MMBtu. The firm also introduced a 2011 Nymex forecast of $6.50/MMBtu.

Looking to jump on the “green train” before it leaves the station, a former UBS banker has assembled experts from Goldman Sachs, Citi, Morgan Stanley and Barclays to form Greentech Capital Advisors (GCA), an alternative energy and cleantech-focused investment bank.

Looking to jump on the ‘green train’ before it leaves the station, a former UBS banker has assembled experts from Goldman Sachs, Citi, Morgan Stanley and Barclays to form Greentech Capital Advisors (GCA), an alternative energy and cleantech-focused investment bank.

Following the release of two holds on his nomination, the Senate last Tuesday easily confirmed former Treasury official and Goldman Sachs executive Gary Gensler to be chairman of the Commodity Futures Trading Commission (CFTC).

Following the release of two holds on his nomination last week, the Senate Tuesday easily confirmed former Treasury official and Goldman Sachs executive Gary Gensler to be chairman of the Commodity Futures Trading Commission (CFTC).

Goldman Sachs Group Inc. and Morgan Stanley are said to be in talks to make a bid for Dominion Resources Inc.’s exploration and production (E&P) assets (see Daily GPI, Sept. 7, 2006). According to a report in The Wall Street Journal, the two banks are putting together a deal that could top $15 billion.

Orion Power Holdings Inc., jointly owned by affiliates ofGoldman, Sachs & Co. and Constellation Energy, bought theAstoria Generating Station, Gowanus Gas Turbine and Narrows GasTurbine facilities from Consolidated Edison Co. of New York forabout $550 million.