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Patrick Reames - Author Archive

FIS to Sell Majority Interest in Capco Consulting Business to Clayton, Dubilier & Rice

JACKSONVILLE, Fla., and NEW YORK, NY, May 23, 2017 – FIS™ (NYSE: FIS), a global leader in financial services technology, and Clayton, Dubilier & Rice (CD&R) today announced a definitive agreement in which FIS will sell a majority ownership stake in Capco to CD&R, establishing Capco as an independent company.... continue reading

OpenLink rolls-out their Cloud Strategy

OpenLink rolled out their comprehensive cloud strategy earlier this week, announcing the culmination of more than a year’s investment and effort in engineering and optimizing their products to run effectively in the public cloud.  While this of course of tremendous interest to OpenLink’s clients and prospects, it should also be... continue reading

Bid to revoke Obama methane rule fails in surprise U.S. Senate vote

By Valerie Volcovici | WASHINGTON The U.S. Senate on Wednesday rejected a resolution to revoke an Obama-era rule to limit methane emissions from oil and gas production on federal lands, dealing a blow to President Donald Trump’s efforts to free the drilling industry from what he sees as excessive environmental... continue reading

OATI Successfully Migrates Data Center Operations to New Microgrid Technology Center

Minneapolis, MN: May 08, 2017 – OATI has successfully migrated Data Center operations from its Plymouth Data Center to the new Microgrid Technology Center.  This was a single site move and continues the years of OATI Active/Active Data Center architecture. To prepare for the migration, the OATI Move team harnessed... continue reading

ADM sees weaker agricultural services outlook on trading woes, shares dive

By Karl Plume | CHICAGO U.S. agricultural trader Archer Daniels Midland Co on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at... continue reading

Eka Software Announces Strategic Alliance with Thomson Reuters

May 2, 2017 – Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced its strategic alliance with Thomson Reuters, the world’s leading source of intelligent news and information for professional markets. Thomson Reuters commodities data feeds are pre-integrated into Eka’s Commodity Analytics Cloud solution,... continue reading

OpenLink Hires Former IBM Cloud CMO Nancy Pearson as New Chief Marketing Officer

New York – May 2, 2017 – OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, has appointed senior IBM executive Nancy Pearson as its new Chief Marketing Officer (CMO). Based in New York, Ms. Pearson will take responsibility... continue reading

Iron ore has further to fall to knock out unconventional supplies: Russell

By Clyde Russell | SINGAPORE Now that the euphoria of iron ore’s all too brief rally has evaporated, the question the market is grappling with is what is a fair price level for the steel-making ingredient. Spot iron ore prices in China ended Thursday at $66.42 a tonne, down 30... continue reading

ComTech is launching the 2017 CTRM SourceBook

Commodity Technology Advisory (ComTech) is pleased to announce we’ve launched the data collection efforts for the 2017 CTRM SourceBook.  As I’m sure our readers know, the SourceBook has become more or less the definitive first source of information for those companies beginning a software selection process.  The most recent version,... continue reading

Europe’s Coal Power Is Going up in Smoke — Fast

(Bloomberg) by Jess Shankleman,Tino Andresen, and Mathew Carr – The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to... continue reading

Undaunted by oil bust, financiers pour billions into U.S. shale

By Ernest Scheyder | HOUSTON Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry’s resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – nearly three times the total... continue reading

New U.S. pipelines to drive natural gas boom as exports surge

By Scott DiSavino U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from... continue reading

Oil surplus or scarcity? Shale makes it even harder to predict

By Amanda Cooper | LONDON The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized. Investment banks, many of which finance new projects, along with oil majors such as Total and... continue reading

Changes are coming for the H1B program & it will leave a mark on this space

One of Donald Trump’s campaign platforms was that he would either change or eliminate, if necessary, the H1B Visa Program in order to end real or perceived abuses that have seen tens of thousands of US jobs being filled by employees brought in from other countries, sometimes at a salary... continue reading

Texas Southern University’s Jesse H. School Of Business To Use AspectCTRM For Next Generation Of Oil Traders

Aspect, leading global provider of cloud commodity trading and risk management solutions, announced today a new partnership with The Jesse H. Jones (JHJ) School of Business at Texas Southern University in Houston. The school is using AspectCTRM in the classroom to teach the next generation of energy and commodities traders... continue reading

After Cyclone Debbie, China replaces Australian coal with U.S. cargoes

By Henning Gloystein | SINGAPORE China, the world’s biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia’s Queensland state last week, caused the evacuation of several mines... continue reading

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