J.M Huber Corp. has formed a producer-finance and risk-management business unit based in Houston. David Pruner, formerly of Enron Corp. and Coastal Corp., is among managers of the new service. Huber already has a financial services unit based in Dublin, Ireland, that does private placements with European investors, thus it plans to enter into oil and gas deals now as well. Shell Capital Inc. is being closed by Royal Dutch/Shell. The parent determined the energy-finance business is not part of its core strategy. The staff can be contacted through June.
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