News and Media Releases
Shell Energy Responds to Changing Markets
26/06/2009
Company strengthens environmental products team and intensifies risk management focus
We are in a good spot to help companies address their renewable energy and emissions goals as well as manage the overall volatility in the commodity markets.
Shell Energy North America (Shell Energy) has responded to the changing needs of its customers by expanding its Environmental Solutions group, while intensifying its focus on financial risk management products and services.
"We are in a good spot to help companies address their renewable energy and emissions goals as well as manage the overall volatility in the commodity markets," said Mark Quartermain, Shell Energy president. Quartermain pointed out that Environmental Solutions is not new to Shell Energy.
In fact, Shell Energy was the first company to trade U.S. Federal CO2 compliance futures contracts on the Chicago Climate Futures Exchange, and is already active in all the renewable energy markets in North America. "As regulations and regional compliance programs develop, this area becomes increasingly important to our customers, thereby making it increasingly important to us," said Quartermain.
"The new product focus integrates well with our natural gas and power portfolio, but it is also attractive to other companies searching for environmental solutions," said Graeme Martin, manager of business development, Environmental Solutions.
The heightened awareness of carbon dioxide emissions and related environmental issues has dramatically changed the markets in a very short period of time. Companies and organizations of all sizes are under increasing pressure to manage these issues, according to Martin.
Shell Energy's Environmental Solutions offers a broad line of products and services to help companies acquire renewable energy, manage their emissions profiles or manage the price risk associated with environmental commodities throughout North America.
Risk management has also grown increasingly important in the wake of the global downturn that led to the bankruptcies of some of the world's leading investment firms, some of which offered risk management services.
"Many organizations, including utilities, municipalities and energy producers, watched the strength of their price hedges diminish by the erosion of many of the hedge providers' own balance sheets. It prompted them to re-evaluate their energy risk providers," Quartermain said.
"There are ample opportunities for companies and organizations to help manage current and evolving environmental regulations, as well as energy price and we continue to focus on developing cost-effective tools for them," Quartermain added.
Shell Energy, a U.S.-based subsidiary of Royal Dutch Shell plc (Shell), is the primary marketer of Shell's North American natural gas and power and has access to a strategic portfolio of power generation and gas storage assets.
In conjunction with its subsidiaries, Shell Energy operates throughout North America as an integral part of Shell's global trading network. A leader in North American gas and power marketing, Shell Energy and its subsidiaries trade and market natural gas, wholesale power, environmental solutions and risk management products with counterparties and customers throughout the region.
As a part of Shell, it leverages Shell's resources, global reach, employee expertise and financial strength to offer integrated, comprehensive energy solutions tailored to meet the needs of a wide variety of customers. Its success can be linked to its position within the energy value chain and its ongoing ability to provide customers with a diverse network of supply supported by a host of flexible and integrated marketing, trading, risk management and asset management tools and services.
Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell companies, a global group of energy and petrochemical companies, employing approximately 102,000 people and operating in more than 100 countries and territories.
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