Reminders

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The big news in trading circles last week was the announcement by JP Morgan that it intends to buy the global oil, metals and European energy commodity trading business of the joint venture of Royal Bank of Scotland and Sempra Energy (RBS Sempra).  The deal fills a gap in JP Morgan's trading infrastructure outside of North America. 


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IDC Energy Insights' forecast for Worldwide Oil and Gas Industry IT spending has just been released. Compared with the previous forecast from IDC, overall IT spending in the oil and gas industry for software, hardware and services is expected to rise 4.7% from 2009 for a total global spend of $38.354 billion in 2010.



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