Demand growth in the global LNG market will not only hinge on new infrastructure and growing economies. It will also require an influx of additional buyers entering the market in search of clean, reliable and affordable energy. Nowhere is this…

BoA, Goldman Sachs and others are also preparing for Libor’s end Source: Risk feed

MIDLAND, Texas (Reuters) – Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy…

Beginning in 2023, all new residential central air-conditioning and air-source heat pump systems sold in the United States will be required to meet new minimum energy efficiency standards. The most recent minimum energy efficiency standards for these equipment types went…

Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking platform iMAL R14.1 version. The upgrade is to enable innovation that will meet evolving……

Fast-growing European savings bank and wealth manager MeDirect Group selected CREALOGIX to develop and launch its digital investment platform. The new solution has allowed the European challenger to attract thousands of new customers to their competitive regulated savings product. MeDirect,……

Now that Brexit is back in discussion  and a “no deal Brexit” more possible (see here), preparation activity is beginning to increase. Last week, the UK’s Financial Conduct Authority (FCA), announced an extension to the temporary relief previously granted, that…

INDATA, a leading industry provider of software, technology and managed services for buy-side firms, today announced that EULAV Asset Management based in New York, NY with more than $3 Billion in AUM, has successfully implemented INDATA’s iPM Epic Middle and…

Almost 10 GW of utility-scale and grid-connected battery storage will be operating in the U.S. by 2023, S&P Global Platts Analytics forecast in its latest U.S. Power Storage Outlook. A combination of dropping costs and diversification of use cases points…

When we launched the Drillinginfo Curves-as-a-Service (CaaS) fully managed forward curve building solution earlier this year, we issued a press release that provided a breakdown of its features. A press release doesn’t tell the human side of the story of…

CRUDE OIL US crude oil inventories posted a large decrease of 10.8 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 0.2 MMBbl while distillate inventories increased 0.6 MMBbl. Total petroleum inventories posted a decrease of 6.7…

E&P business in full development, midstream system connects with multiple markets. The management team behind Tug Hill, which helped pioneer the Marcellus shale more than a decade ago, now says it has cracked the code to economic development of the…

HOUSTON, TX and LISLE, Ill. — July 29, 2019. Aquilon Energy Services, Inc. today announced the appointment of Randy Wilson as Chief Executive Officer and member of the board of directors. Company founder Jeffrey Wagner will continue in his role…

U.S. exports of liquefied natural gas (LNG) have been growing steadily and reached a new peak of 4.7 billion cubic feet per day (Bcf/d) in May 2019, according to the latest data published by the U.S. Department of Energy’s Office…

China is one of the world’s largest importers of energy and raw materials, and its ports handle nearly a third of global container traffic. Little wonder then, that in terms of the number of ships owned, China has the largest…

ACER published a 3rd “Open letter on REMIT data quality” on Friday, which can be found here. The previous such letter was published just over a year ago (see here). The document addresses specific issues that occur when Market Participants…

CTRM vendors argue that building your own CTRM or ETRM system is a mistake. In many ways, they are correct. If you are talking about traditional CTRM or ETRM software, then building a system from scratch is an expensive, time-consuming,…

Budgetary wrangling and talk of Fed cuts spark Libor-OIS basis shift Source: Risk feed

Between 2010 and the first quarter of 2019, U.S. power companies announced the retirement of more than 546 coal-fired power units, totaling about 102 gigawatts (GW) of generating capacity. Plant owners intend to retire another 17 GW of coal-fired capacity…

NEW YORK, July 25 (LPC) – A leveraged loan financing Irish software firm ION Group’s acquisition of financial media and data firm Acuris remains on hold after investors opposed the company’s latest attempt to raise a syndicated loan this year,…