Wednesday, September 30, 2015

DNB rally to fresh exchange opening – OBI Online

The arrows pointing upwards marked on the Oslo Stock Exchange on Wednesday.

The main index is writing to 578.21, up 1.2 percent.

Shares and equity certificates are traded for 270 million respectively.

The main index has thus dropped 2.7 per cent last month, but is up 0.3 percent so far this year.

The development happens in the wake of a mixed Wall Street yesterday and rising Asian exchanges earlier in the day.

Investors in Asia, according to Reuters looking for buying opportunities and have expectations of further monetary easing by the Bank of Japan.

Today’s macroeconomic figures from the country was in fact nothing to cheer for. Both industrial production and retail disappointed.

Crude sees red
Oil prices have pulled down during the morning hours.

Brent November oil falls 0.5 percent to $ 47.97 a barrel in today’s trading, after hovering at around $ 48.15 at closing on Tuesday.

WTI oil was down 0.6 percent to $ 44.94 a barrel.

Figures from the American Petroleum Institute (API) showed on Tuesday that US crude oil store rose 4.6 million barrels to 457.8 million in the week ended September 25th. Analysts had told Reuters expected a warehouse building on more modest 102,000 barrels.

– We expect that US oil stocks will fall, due to lower production. American production should continue decline with lower rig counts, says investment analyst Daniel Ang at Philip Futures in Singapore in a note Wednesday.

Statoil rising 1.4 percent to 122 million.

DNB rally on the recommendation
DNB showing the way, and rises 3.9 percent to 111.90 kroner at the obvious highest volume so far.

Deutsche Bank, according to TDN Finans upgraded stock from hold to buy.

Norwegian eases 2.8 percent to 333.10 kroner after fight contract with the military.

We also note that Yara rising 2.4 percent to 344.80 kroner, while REC Silicon put on 2.2 percent to 1.41 million.

Storebrand, DNO, Golden Ocean and Frontline is up 1.2 percent.

DNB Markets has raised its price target on the frontline from 26 to 28 million, and reiterates buy recommendation.

Ladders and falls most
Relatively speaking rises Multiclient Geophysical 11.6 percent to 77 cents, and thus tops winners.

Intex Resources follows closest with an increase of 10.0 percent to 33 cents.

Odfjell Drilling climbs 7.8 percent to 5.93 million, while Western Bulk is up 7.0 percent to 2.90 million.

At the other end we find Oslo Axess-listed Badger Explorer at minus 18.8 percent to 1.95 respectively.

Oslo Axess colleague Hofseth Biocare is down 7.8 percent to 3.30 million, while Noreco goes back 5.6 percent to 25.50 million.

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REC rocket on green stock – OBI Online

The arrows pointed sharply upward on the Oslo Stock Exchange on Wednesday.

The main index ended at 581.79, up 1.84 percent.

The index has thus fell 1.96 per cent last month, but is up 1.00 percent so far this year.

The turnover ended today at 3.2 billion.

Oil prices in plus
Oil prices have turned up after being in the minus earlier in the day.

Brent November oil rises by close of trading with 1.39 percent to $ 48.90 a barrel, after hovering at around $ 48.15 at closing on Tuesday.

WTI- oil is up 1.24 percent to $ 45.79 a barrel.

Figures from the American Petroleum Institute (API) showed on Tuesday that US crude oil store rose 4.6 million barrels to 457.8 million in the week ended 25 September. Analysts had told Reuters expected a warehouse building on more modest 102,000 barrels.

– We expect that US oil stocks will fall, due to lower production. American production should continue decline with lower rig counts, says investment analyst Daniel Ang at Philip Futures in Singapore in a note Wednesday.

Statoil rose today 3.16 percent to 124.10 kroner.

REC rocket
After serving several hundred million kroner on REC last year, Øystein Stray Spetalen now bought millions of shares in REC Silicon.

For a recent shareholder list in REC Silicon stated that Tycoon Industrier, which is 100 percent owned by investor Øystein Stray Spetalen, last week bought 10 million shares in the company. Spetalen is thus 29th largest shareholder.

Spetalen effect has been great in the stock Wednesday and REC rose to end 8.12 percent to 1.49 million.

DNB rose on the recommendation
DNB rose today 2.79 percent to 110.70 kroner at today’s second highest volume.

Deutsche Bank, according to TDN Finans upgraded the stock from hold to buy .

Norwegian ended up 2.75 percent to 333 kroner after fight contract with the military.

DNB Markets has raised its price target on the frontline from 26 to 28 million, and repeated purchase recommendation. Shares rose thus 6.72 percent to 23.20 kroner.

DNO was otherwise up 4.34 percent to 9.01 million, while the Norwegian Hydro rose 2.87 percent to 28.36 kroner.

Predicts fall for TGS and PGS
Broker giant UBS reiterates salgsanbefalnigen on PGS, and cut price target from 38 to 23 million, according to TDN Finans.

Course objective on CGG cut from 4.00 to 2.50 euros, while TGS-NOPEC price target cut from 155 to 145 million.

It appears that the seismic market is in steep decline. EBIT estimates for 2016 for the entire sector to be cut to reflect this.

PGS fell today 2.30 percent to 32.73 kroner, while TGS ended down 1.26 percent to 157.30 kroner.

Taking down Seadrill
UBS also cut the price target on Seadrill from 95 to 55 million and reiterates neutral recommendation, according to TDN Finans.

It is predicted that the rig market will continue to be subdued at least the next two years, as a result of weak demand.

“For rigs that can work, associations likely to be of short length and / or significantly below current rates,” said it.

The share rise still 0.28 percent to 49.65 kroner.

Ladders and falls most
In relative terms rose most North Energy Today, with a rise of 29 percent to 1.29 million.

Apptix came closest with a rise of 23.83 percent to 2.65 million, while Zoncolan step third most with 16.67 percent to 70 cents.

At the other end we find Oslo Axess-listed Badger Explorer at minus 12.50 percent to 2.10 million, only beaten by African Petroleum, which fell 13.79 percent to 25 cents.

It was currently known that Stuart Lake resigns as chief executive of African Petroleum with immediate effect due to health reasons.

Jens Pace, who now serves as Chief Operating Officer (COO), acquires Lakes job.

Pace has been with the company since 2012, and are expected to gradually take place on the board.

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DNB rally to fresh exchange opening – OBI Online

The arrows pointing upwards marked on the Oslo Stock Exchange on Wednesday.

The main index is writing to 578.21, up 1.2 percent.

Shares and equity certificates are traded for 270 million respectively.

The main index has thus dropped 2.7 per cent last month, but is up 0.3 percent so far this year.

The development happens in the wake of a mixed Wall Street yesterday and rising Asian exchanges earlier in the day.

Investors in Asia, according to Reuters looking for buying opportunities and have expectations of further monetary easing by the Bank of Japan.

Today’s macroeconomic figures from the country was in fact nothing to cheer for. Both industrial production and retail disappointed.

Crude sees red
Oil prices have pulled down during the morning hours.

Brent November oil falls 0.5 percent to $ 47.97 a barrel in today’s trading, after hovering at around $ 48.15 at closing on Tuesday.

WTI oil was down 0.6 percent to $ 44.94 a barrel.

Figures from the American Petroleum Institute (API) showed on Tuesday that US crude oil store rose 4.6 million barrels to 457.8 million in the week ended September 25th. Analysts had told Reuters expected a warehouse building on more modest 102,000 barrels.

– We expect that US oil stocks will fall, due to lower production. American production should continue decline with lower rig counts, says investment analyst Daniel Ang at Philip Futures in Singapore in a note Wednesday.

Statoil rising 1.4 percent to 122 million.

DNB rally on the recommendation
DNB showing the way, and rises 3.9 percent to 111.90 kroner at the obvious highest volume so far.

Deutsche Bank, according to TDN Finans upgraded stock from hold to buy.

Norwegian eases 2.8 percent to 333.10 kroner after fight contract with the military.

We also note that Yara rising 2.4 percent to 344.80 kroner, while REC Silicon put on 2.2 percent to 1.41 million.

Storebrand, DNO, Golden Ocean and Frontline is up 1.2 percent.

DNB Markets has raised its price target on the frontline from 26 to 28 million, and reiterates buy recommendation.

Ladders and falls most
Relatively speaking rises Multiclient Geophysical 11.6 percent to 77 cents, and thus tops winners.

Intex Resources follows closest with an increase of 10.0 percent to 33 cents.

Odfjell Drilling climbs 7.8 percent to 5.93 million, while Western Bulk is up 7.0 percent to 2.90 million.

At the other end we find Oslo Axess-listed Badger Explorer at minus 18.8 percent to 1.95 respectively.

Oslo Axess colleague Hofseth Biocare is down 7.8 percent to 3.30 million, while Noreco goes back 5.6 percent to 25.50 million.

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Tuesday, September 29, 2015

Progress will add BarentsObserver under Redaktørplakaten – journalist

It is one of the conclusions in 1:16 page report from Woje about Barents Observers future. The longtime media mogul received earlier this year the assignment of chairman Stig Olsen in Barents Secretariat in evaluating “the most appropriate development of the Barents Observer”.

The main conclusion is that online publication must have an editor who works at Redaktørplakaten conditions, with a own budget, and that the editor reports to the board and not to the general manager of the Barents Secretariat.

– BarentsObserver has gone through a natural evolution, as we have seen particularly in the trade press. First there was the an information publication, so there has been a professionalisation and professional development where this is a natural next step to take, says Woje to journalist.

Woje says conclusion that BarentsObserver has to work for the Editor is the same as a previous report from 2014 about newspaper.

– But I suggest a further tidiness in the organization. The editor must be appointed by the Board and report to the board and therefore also have responsibility for human resources.

Thomas Nilsen, as Monday was dismissed from his position as editor of BarentsObserver, has advocated that the newspaper must have new owners. It is not Woje agree.

– It is not like that in media companies that they can choose their owners. From an owner’s point of view should Barents Secretariat carry out information and knowledge dissemination. It has BarentsObserver been a great tool to. I do not see any reason why Barents Secretariat shall go from there.

Woje says it also is important that BarentsObserver jobs under ediTORs from a safety perspective. The publication must work under the Editor that the editorial staff should be able to apply pressure visas to Russia.

– It is important that they have the formal safety and can document what service they are there for.

Read

• The editor of BarentsObserver kicked

• Foreign Ministry surprised editor sparking

Got report Thursday

Chairman Stig Olsen said to the journalist that Monday’s dismissal of Nilsen is managed separately from the report, which he was handed on Thursday of last week.

Olsen characterizes the report as good and sober. But he would not comment on what he thinks about the recommendations.

– I do not anticipate anything, he says, and points out that the report will be discussed at a board meeting of the Barents Secretariat on October 23.

Later, it probably submitted to the Supervisory Board of the Secretariat, which consists of the three northernmost counties.

Read the journalist’s coverage of Barents Observer.

Here’s the full report from Thor Woje:

BarentsObserver – further development and organization

A study conducted by Thor Woje

24. September 2015


Proposed new organization:
1. BarentsObserver established as an independent editorial and organized as a separate department within the Barents Secretariat.
2. The editorial is headed by executive editor, who is employed at Redaktørplakaten terms.
3. Editor in chief appointed by the Board of the Barents Secretariat publisher company and reports directly to the board.
4. Editor in chief hires other editorial staff and has personal responsibility. Staffing Contracts clarifies editorial work.
5. It developed own department budget for BarentsObserver that includes funds for travel, freelance procurement and development. The budget is adopted as part of the organization’s total budget as general manager is responsible for.
6. Managing Director of the Norwegian Barents Secretariat and editor shall employer representatives pursue a good climate of cooperation and contribute to the company’s overall interests are safeguarded in the best possible way.
7. Editor has a meeting and make proposals to the Board in matters that directly affect or prejudice Barents Observer.
8. Editorial staff can undertake tasks of the Secretariat which is not contrary to editorial integrity. Such statements must be approved by the editor.
9. Editor in chief and editorial staff participating in meetings with external parties under the auspices of the Norwegian Barents Secretariat, shall have a clarified role for everyone present.
10. BarentsObserver operated within the approved purpose description. The editor prepares an editorial program included in the Secretariat’s annual business plan the Board has been presented and subsequently submits to the Supervisory Board. Editor activity plans are discussed and evaluated annually by the Board and can naturally be linked to the budget process. BarentsObserver included as a separate chapter in the Secretariat’s annual report.
11. The organizational change is so significant that it would be natural to float current employees related to editorial and bright out clean editorial positions. First add the board editor, then add the editor editorial staff in accordance with staffing plan and authorized positions.
12. The owners undergo the Secretariat’s governance structure to clarify roles and functions.

Suggested purpose description:

Barents Observer is an online newspaper with purpose transmit news and knowledge about the Barents cooperation, the Barents Region and the Arctic for a wide international audience. Information about developments in Russia and the Norwegian-Russian folk cooperation should particularly be emphasized. BarentsObserver bases its activities on a free, independent and serious journalism and going through reviews, analysis and dissemination of various actors views contribute to promoting freedom of expression.
BarentsObserver working out of the Editor and Be a cautious poster.

1. Introduction

the Secretariat’s chairman has engaged the undersigned to make an independent assessment of what will be the most appropriate organization for further development of Barents Observer. The mission is broad and covers most aspects of business, including purpose, governance structure and its relationship to the current ownership. Any agreement Redaktørplakaten which has been the subject of heated discussion both internally and externally, especially considered.

This report is based on the image undersigned sitting with the product, organization, structure , reputation and conflict surfaces by their own observations and after talking with a number of direct affected persons as well as outside media activists. The public media debate spring and summer 2015, especially followed in. No individuals are mentioned or rendered statements but contributes to the overall impression.

A concrete proposals for further organization is considered as the main part of the mission. Other parts of the report are in scope and time adapted it. Ratings and concrete proposals are totally for the undersigned’s account and has not been clarified with some concerned before submission.

It is assumed that the decision-makers who read this, also familiar with documents related to the case in autumn 2014 spring 2015 only to a limited extent is referred to.

It should be noted that the undersigned has been executive editor of the Norwegian media for 26 years and has over 41 years in media industry always worked in the media who have accepted the Editor.

2. Trends

BarentsObserver has undergone a development there are many examples, especially in the trade press. Publications that was started to safeguard an organization or a interessefellesskaps need to inform about its own activities, primarily for internal members, but also for external readers, has evolved into independent editorial publications with its own editor.

Publications publishers have realized the value of not appearing as mere mouthpieces for their own vision, or being perceived as propaganda spreaders, but as purveyors of different views and wide information society area they operate in. This builds essential trust and credibility in information dissemination, not only in their own community of interests, but also and especially among external recipients. This credibility is important if one wants to be an active part of the public debate and influence in society.

Furthermore broader and widely publisher operates, the more important it will be for the credibility to appear with an independent editorial dissemination of relevant information related to the publication’s purpose. Readers can then relate to the content in a different way than this may be perceived as pure information or PR activities on behalf of the publisher.

The need to professionalize mediation through recruit or employ professional writers, freelancers and journalists creates a special need for autonomous operation and clear lines of responsibility. A stepwise professional development of working methods and publishing becomes a natural impetus in these editorial environments. This should work in a good way and also ensure good, professional recruitment, happens it is best under the control of a responsible editor who follows the Norwegian tradition of editorial leadership and editorial responsibility.

BarentsObserver has gradually evolved from being a promoter of referred cases and provider of “agency fabric” for other media use, to become an online newspaper with emphasis on independent journalism. For readers emerges BarentsObserver immediately as a mainstream news site that conveys broad information to the general public with an interest in social development in the northern areas across national boundaries. After ten years of operation and ownership defines the Barents Secretariat and editorial separate publication as an internationally renowned news agency. It is also the only regional medium in European part of the Arctic, which publishes both in English and Russian.

Such recognition is the different views, though it also must involve perception a credible and independent news agency. In some media circles termed BarentsObserver still more as a pure information channel, or at best a bureau service, from a publicly owned enterprise, than as an ordinary news medium. Others see it as a mainstream news site with a content production which follows conventional pressure limits.

Today’s untidy organization and role mixtures in staff contributes to an unclear profile and divergent opinion. This is unfortunate for both the publication and the publisher, and it is therefore high time to formalize the development BarentsObserver has been through and the operation so that today, in reality emerges.

3. Ownership and organization

Ministry of Foreign Affairs (MFA) is funding the Secretariat’s operations for the purpose set out in a separate agreement. But the direct ownership are added to the three counties which appoints its members from political leadership to a Supervisory superior decision-making body. This in turn appoints the board that currently consists of people from the counties’ administrative staffs. The owners – counties – is therefore economically not directly involved in the business but manages ownership on behalf of the public.

This is not just a financial and administrative management, but also includes a political aspect to the Supervisory Board is composed. And so the Board is now composed, there are also small distance between the board members of the central staff and the politically appointed own representatives overriding doubly. This is an arduous, not to say unfortunate governance structure, at least from the standpoint of a media organization’s standpoint.

In the current extended three-year agreement between the Ministry and the Norwegian Barents Secretariat, signed in February 2015, is the primary goals of the program, as it is called, “to contribute to confidence building and cross-border contacts with Russia in the north.” It further states that “the program will further the Norwegian-Russian folk cooperation in the north” in a number of areas of society.

In the listed priority tasks core funding will be used for, is that the third priority listed “information and knowledge regarding the Barents cooperation, bilateral project cooperation and social development in the north.”

This task is now primarily resolved through websites BarentsObserver.com and barents.no. The former appears largely in form and content as a mainstream general news site, while the latter is a “homepage” and information channel that report and provide services related to the Secretariat’s activities.

BarentsObserver is organized as an integral part of the Secretariat’s overall activities without its own budget or separate accounts mail. The four employees who produce online newspaper (Russian translator comes in addition), is employed by the Secretariat on an equal footing with other employees and in a flat structure. Beyond content production for newspaper and then defined as journalists, they have other responsibilities as executive officers and advisers of the Secretariat. The editor who is also employed as a consultant, uses the bulk of its position on BarentsOberver while the other has more two-piece functions. Overall, about 2.1 FTEs directly related to the production of newspaper. None of the editorial staff have regular press card.

The editorial activities and daily work content is led by the editor. But formally becomes managing director of the Norwegian Barents Secretariat, publishing company, as legally responsible for publication and editorial content, without this being stated or appear palpable conscious internally.

The Editorial employees emerge with great commitment and have a sometimes very strong personal “ownership” of separate publication. This is fairly common in editorial environments and represent an important incentive, particularly for product development. But it is also necessary internally being conscious that it is the owner who has real ownership and thus decision-making authority. And it rests with both parties to develop good working conditions. Employees should that employees act as substantive and tidy as what they would like the owner and employer must make. And it must be expected that they act with a natural loyalty to the publisher and the employer, also in an organization that will conduct news reporting and emerge with opinions in public.

The current organization by BarentsObserver appear disorderly and little fundamental, both because of the editorial employees’ mixed tasks and roles, and as a result of the lack of a defined editor who works out of the acclaimed Redaktørplakaten.

4. Proposed new organization pulled
In autumn 2014, a new organization of Barents Observer investigated. It was internal consensus of the editorial and secretariat to propose nettavisen organized as a separate department in the Barents Secretariat, introducing ediTORs and clarify their own positions as journalists. The Board endorsed the setting presented by CEO and leave the matter to the approval of the Supervisory Board in February 2015. Following signals from own representatives (counties), the case was withdrawn and postponed.

To next meeting of the Supervisory Board 05/21/15 promoted new setting to continue BarentsOberver now and not introduce ediTORs. Ahead of the meeting had when editors prepared a written note with a proposal to distinguish BarentsObserver from the Norwegian Barents Secretariat and establish a non-profit foundation with the purpose of financing BarentsObserver that free and independent media. This is in retrospect of the employees have been presented as the only possible solution.

It is the case presentation in autumn 2014 (Case 64/2014) argued factual and well for a new and clearer organization and for an operation based on the Editor. Seen from the outside appear strange that a largely consensual proposal being drawn in the last round, for later (May 2015) to end in a decision about any change of organization and operation, and thereto explicit decision that ediTORs not be introduced. The reason for this attitude of the Supervisory Board appears unclear but is probably related to matters relating to personnel matters the board now handles.

But ongoing personnel matters or potential conflicts can not be a premise for further development in the form by postponing or failing to make organizational changes to put in place the organization would have the greatest faith in.

5. Unclear own attitude

The decision whether to continue the current organization without introducing Redaktørplakaten has created strong reactions internally, which is also communicated externally in several media. This has resulted in sharp reactions also from key media representatives against the decision and perceived attitudes among politicians representing the owners. These in turn have through statements and separate statements in the county councils turned back towards scissors manufacture and attitudinal statements. The noise and the level of conflict emerges loud and clear harmful to the reputation of both the publication, publishing company and owner representatives – and for further cooperation within the organization.

Without taking a position on what is the individual’s true attitudes , stated that the representatives of the owners – the members – outwardly stated differently, inconsistent and unclear about the attitude of independent editorial operation of the Barents Observer. It is unfortunate, especially when these are also active politicians who must manage a publication interest in a Norwegian tradition where independent journalism and freedom of expression is strong.

In the public discussion has own representatives formulated so that BarentsObserver neither is nor should be construed as an ordinary online newspaper, but as a mere conveyor of information for the Secretariat’s activities. This corresponded neither with the editorial staff’s own perception supported by the Secretariat, or by BarentsObservers published content. Here it is stated also that the newspaper follows the Code of Ethics provisions that Norwegian press under editorial responsibility work from.

It does not correspond with the wording used in the last two years of approved business plans . Where it is stated (2014) that BarentsObserver going through news articles promoting bilateral and multilateral cooperation project in the Barents Region. News and background articles published with an objective approach. Comments should help to show the diversity of opinions on social conditions in the north.

In the current year plan (2015) states that the news portal Barents Observer will publish news, analysis, comments, photo and video from the Barents Region and the Arctic. And further also here: Comments should help to show the diversity of opinions on social conditions in the north.

In the final plan drawn a clearer distinction to barents.no. This site should be used for better visibility of the project cooperation in the form of ongoing updates of new projects and through news articles to promote bilateral cooperation.

Do Representatives notes that the Barents Observer to continue its activities as before, without own intervention against the editors that they claim never to have happened. This has left the newsroom countered through cross-media. There has thus been an ongoing dispute in the public space between editorial members on the one hand and shareholders’ representatives on the other. Meanwhile, it has been known that the parallel handled internal personnel matters related to the case complex.

The open debate also suggests that among the owners is the lack of knowledge about Redaktørplakaten content and how newsrooms managed and operated under this.

This high conflict and noise level do not serve the organization, but at the same time illustrates that there must be a solution to the future organization that is anything other than “continue as before. “

6. Required organizational changes

BarentsObserver has come in a development that suggests a clearer and more orderly organization, which in turn can contribute to an even clearer product profile. To continue as before, a poor, not to say impossible solution for all parties – not least by all the noise in public.

BarentsObservers editorial is currently an integral part of Barents Secretariat. Together they represent a significant expertise and a network of contacts that one to reach mutually have drawn on. There is nothing to suggest that not a single business can still be further developed under a common umbrella.

In agreement with the Foreign Ministry stated that the Barentssekratariatet will carry out information and knowledge dissemination. How Barents Secretariat operates and organizes its information work, leaves UD to the Secretariat to decide. BarentsObserver has been an important tool for solving this task and will still be there, but then through streamlining the organization and formalized editorial freedom.

In the discussion about BarentsObservers future is it clarified that the Foreign Ministry has no objections to that newspaper with Barents Secretariat publisher operated editorially independent after editor poster provisions. On the contrary, it is stated in a letter that the Foreign Ministry consider it an advantage if Barents Observer “still has the most independent line. It will be important for its credibility and legitimacy. ” Further clarifies UD that greater editorial independence through signature by the Editor will not have any negative impact for funding the project. The Ministry refers to Norad already publishing newspaper Bistandsaktuelt operating by the Editor.

An establishment of the Barents Observer as a separate department and the introduction of ediTORs emerges as the most natural next stage of development, in line with the conclusions of the case presentation and the Board’s original recommendation in autumn 2014. This is in line with the primary desire of the editorial staff, so it still must be considered. Experience over time reap with such organization, will determine whether other options may be relevant in the future.

A separation in a non-profit foundation which later proposed by BarentsObservers employees, or in a separate company that could be an option, appears neither natural nor necessary based on what is believed will make the Secretariat’s overall operations and purposes best. Seen from the publisher’s point of view it is difficult to see what would be good arguments for giving up a publication that so significantly contribute to solving tasks of the Secretariat, and that can be developed naturally within the organization. It emerges clearly correct as still drawing on common resources, develop a collaborative environment and exploit natural collaboration surfaces.

options for secretion is also associated with high financial risk. The fixed cost base will be significantly greater than the current integrated economy represents. Besides an incorporation or share capital will business itself had to ensure sufficient revenues to finance the operation.

The employees show themselves to future assets based on commercial revenue (advertising sales, sales of services ), project funding and direct support from not mentioned contributors. User fees are not considered appropriate, especially justified by readers in Russia as a key market.

Media economy related to general media are generally under strong pressure, and an entire industry is struggling today with obtaining sufficient revenue. The possibilities for commercial advertising sales will be very limited, and it will also have a cost attached to either side’s own sales or purchase of such services. The possibilities for direct support, either from business interests or NGOs, appears also clearly limited. It is not substantiated a reasonable income stream over time will be able to finance current expenses in its own established organization and activities.

The Foreign Ministry has also indicated that it is not possible to use current funding to the Barents Secretariat to secrete BarentsObserver to finance operations in for example a foundation.

A main premise for Foundation model as “only appropriate”, the owners’ rejection of the proposal for the department organization and introduction of ediTORs . The latter is a condition of appearing editorially independent and credible, and to get it working tool that Norwegian press card represent and that will provide safer working conditions in Russia.

If resistance to formalize an independent editorial operation within current operations are not of significant fundamental nature of the owners, should be in everyone’s interest to get the case into the groove which was proposed in autumn 2014. The prerequisite for incorporation as “only appropriate” then falls away.

7. Redaktørplakaten gives tidiness

Redaktørplakaten were first adopted in 1953 and has since been the most important agreement in the Norwegian press between publishers and editors. It gives the editor barrier against own procedures, it provides the necessary powers to freedom of opinion and authority to manage and direct the editorial independence and out of ideal claims.

Redaktørplakaten commits to safeguard freedom of expression, to promote fair and free information and opinion, to clarify what is information and facts, and what is the opinions and assessments. Within the medium fundamental views and aims editor has full freedom to shape the opinions, even if they are on some issues not shared by the publisher or the board.

Redaktørplakaten warrants to readers and users for independence , credibility, ethical standards for employees’ integrity and independence and for the medium’s social mission. By fostering diversity promoted freedom of expression. With Russia as central catchment for BarentsObservers business, this is particularly important. Redaktørplakaten will provide publication legitimacy, and it will clarify that BarentsObservers analyzes and opinions do not represent the Norwegian authorities or regional authorities’ view that owners.

the Editor does not deprive owners important sovereignty over the release. It is the owner who decides purposes of this publication, concept, catchment and budget with authorized positions. Owner also hires editor.

Within the purpose and budget stands as editor for editorial appointments, editorial program and activity plans, organization of editors, daily priorities and management. The editor is responsible for all content, including the publication’s own opinions.

This does not mean that the owner can not have views on the content. Owner can follow and ask questions about the purpose safeguarded and about business and activity plans are followed. But owner can not in any way instruct or overrule the editor of editorial questions.

A natural time for discussion and evaluation of the publication’s content will be in connection with the budgetary procedure and the determination of new plans.

Redaktørplakaten creates orderliness between the owner / publisher and editor, and it also contributes to the orderly management lines within the organization.

While the Editor are well established and regarded as a matter of course in conventional news media, it has over time been major discussions within the trade press, especially where trade unions or unions is the publisher of “magazine”. Controversial issues are and can still be editor’s right to nominate their own opinions that may contradict the organization’s official view. Also right source breadth of coverage, where the owner may wish to appear anytime as Enskilda to a scissor facts content and views may be controversial for some.

Double Roller where editor is also CIO or has other functions in the organization, has also been subject of discussion. But it’s done considerable work in most places to clean up this so that there is clarity in the roles. This ensures also the greatest possible credibility with readers. Today accepting Redaktørplakaten the foremost criterion to be eligible for membership in the organization trade press. Around 210 large and small publications are currently members by acceding to the Editor, and they also work by Norwegian media’s common ethical rules laid down in the Code of Ethics.

8. Act on editorial freedom in the media

How BarentsObserver today driver and emerges covered nettavisen most likely already legislation on editorial freedom in the media. The law applies to electronic mass medium which operates journalistic production and dissemination of news, current affairs and social debate. Such medium shall have an editor who takes the decision about the content of the media or if a part of this.

In the framework of the basic vision and purpose of the business to be editor head the editorial activity and make decisions on editorial issues.

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Monday, September 28, 2015

Water has become a powerful weapon in Syria, Yemen and Iraq – Aftenposten



I Syria er kontroll med vann blitt et effektivt våpen. I Jemen bygger islamistene brønner for å vinne folkets støtte. I Irak har IS systematisk tatt kontroll med vannkildene.

Rundt ni prosent av verdens befolkning – 663 millioner mennesker – har ikke tilgang til rent drikkevann.

159 millioner av dem bruker overflatevann fra elver, innsjøer, dammer og andre vannkilder som kan være forurenset.

Kilde: UNICEF

- Det finnes ingen erstatning for vann, derfor er vannet mer verdifullt en både olje og mineraler, selv om det ikke gjenspeiles i prisen, sier Paul Rieg, partner i World Resources Institute.

Men i Midtøsten, som er spesielt utsatt for vannkrisen, har flere ekstreme grupperinger sett vannets reelle verdi.

Hovedvekten av de 33 landene som står i fare for å oppleve vannkrise i løpet av de neste 25 årene, ligger i det utvidede Midtøsten.

I år 2040 vil så mange som 33 land slite med utstrakt vannmangel, spår World Resources Institute.

Mange av landene ligger i det utvidede Midtøsten: Bahrain, Kuwait, Qatar, De forente arabiske emirater, Palestina, Israel, Saudi-Arabia, Oman, Libanon, Iran, Jordan, Libya, Jemen, Irak, Pakistan, Syria, Tyrkia, Algerie, Afghanistan og Tunisia.

Kilde: WRI

- Landet går tomt for vann

Verdens behov for vann vil øke i løpet av de neste tiårene. Befolkningen øker, flere flytter til byene, jordbruket tar i bruk moderne arbeidsmetoder, nye grupper innlemmes i middelklassen og forbruket øker, skriver forskerne i World Resources Institute (WRI).



Blant landene som ligger høyt på instituttets liste over steder som vil mangle vann, er konfliktutsatte stater som Palestina, Israel, Libya, Jemen, Irak, Pakistan, Syria, og Afghanistan.

Disse landene vil oppleve vannmangel i år 2040, konkluderer WRI.

- Vi bruker uttrykket «ekstremt høy vannstress». Definisjonen er et land der innbyggerne årlig bruker mer enn 80 prosent av det tilgjengelige vannet gjennom husholdningene, industrien og jordbruket. I tørkeperioder eller ved andre naturlige variasjoner med en reduksjon i vannforsyningen på over 20 prosent, vil landet gå tomt for vann, forklarer Paul Rieg.

Al-Qaida styrer vannforsyningen

I Jemen har vann vært et knapphetsgode i lengre tid. Vannsituasjonen forverret seg i februar, da den sjiaislamske Houthi-militsen tok kontroll over deler av landet. Ifølge FNs kontor for koordinering av humanitær hjelp (OCHA) merker i alt 20 av landets 25 millioner innbyggere vannkrisen. 2,5 millioner barn står i fare for å bli alvorlig syke av urent drikkevann.

Terrororganisasjonen Al-Qaida på den arabiske halvøy (AQAP) begynte allerede i 2013 å bygge brønner i mer avsidesliggende strøk av Jemen, for å sikre seg støtte fra lokalbefolkningen, viser et notat nyhetsbyrået AP har publisert.

En av dem som har forsket på hvordan naturressurser kan brukes som et maktmiddel i konflikter, er professor Marcus D. King, ved Elliott School of International Affairs, The George Washington University.

I et e-post-intervju med Aftenposten skriver han at den vanskelige, humanitære situasjonen i Jemen kun vil gagne ekstremistene.

Effektive vannvåpen

Professor King understreker at myndighetene må på banen, og ikke overlate til terrororganisasjoner som Al-Qaida å dekke folks basisbehov.

- FN har funnet at høyere temperaturer, samt lengre perioder med tørke i Midtøsten og Nord-Afrika, vil forverre den allerede pressede tilgangen på vann. Krig i disse områdene vil mangedoble effekten av å bruke vann som våpen, skriver King.

I Irak har terroristene i Den islamske staten kjempet flere slag over viktige vanndemninger. De har strupet vanntilførselen til bønder i regjeringskontrollerte områder, og redusert vanntilførselen i store elver som Eufrat. Den amerikanske professoren mener det var terroristenes bruk av vannvåpenet, som bidro til at USA tok initiativet til luftangrepene mot IS.

- IS’ systematiske og vedvarende bruk av vann som våpen mangler sidestykke i den moderne historien, sier Marcus D. King til Aftenposten.

Fem millioner syrere uten vann

I Syrias borgerkrig brukes vann som et våpen av både president Assads regjeringshær og de ulike opposisjonsgruppene. De siste månedene har fem millioner syrere vært tidvis uten vann, noen av dem i lengre perioder. Ifølge Unicef er de en økende tendens til at partene bruker vannet for å oppnå militære og politiske mål.

Borgerkrigen har rast i fire og et halvt år, og konflikten er fastlåst. Syria er i stor grad oppløst som land og stat, og det finnes ingen raske og enkle politiske løsninger.

- Vann er blitt et våpen

I den krigsherjede byen Aleppo bytter de krigførende parter på å kutte både vann- og strømforsyningen for de to millioner innbyggerne. Her har prisen på rent vann økt med 3000 prosent. Mange familier har ikke annet enn forurenset vann, og barna står i fare for å smittes med sykdommer som diaré, tyfoidfeber, hepatitt, meldte Internasjonale Røde Kors i begynnelsen av måneden.

Tre barn mistet livet for et par uker siden. De var ute for å hente vann, da en tønnebombe traff området ved en av de få vannkildene i Aleppo.

- Vann er blitt et våpen i de krigendes hender, og det er Syrias sivilbefolkningen som blir de skadelidende. Tilgangen til vann må ikke hindres, uttalte Marianne Gasser, som er Røde Kors’ landansvarlige i Syria.

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Friday, September 25, 2015

Triggered Tokyo rally, otherwise red in Asia – OBI Online

Asian exchanges are on the defensive Friday.

Investors are uncertain after the US central bank governor Janet Yellen went on the podium at the University of Massachusetts to talk about inflation and monetary policy.

Only a week after the central bank surprised the market and spurred deflation fears, there was additional focus on what Yellen had to say about just inflation.

This said Yellen
And what she said was that an interest rate increase “sometime later this year” will probably be appropriate.

Yellen stressed however that the decision will depend on the macro figures, and that the timing of the first rate increase is less important than that it should be done gradually in several steps.

Federal Reserve boss did not begin to speak until after closing, but the mood on Wall Street was still nervous on Thursday.

The dollar has reacted to the speech to strengthen against a basket of currencies. EURUSD is now in 1.1168, compared to around 1.1230 when Yellen went on.

– Our view of a rate hike in December have not changed. We recognize that China turmoil and the strong dollar makes investors cautious, but macro figures continue to point toward a broad recovery in the US economy.

– Without any big numbers drop and events, can the Fed’s monetary policy outlook will be key driver for markets Today, writes analyst Cynthia Jane Kalasopatan in Singapore Mizuho Bank according to CNBC in a note.

Nikkei up, rest down
Hang Seng in Hong Kong falling 0.2 percent, while the Shanghai Composite index pulls down 1.6 percent.

Elsewhere in Asia-Pacific region goes Kospi index in South Korea and Sydney stock exchange both back around 0.2 percent.

Tokyo Stock Exchange is the large, positive exception.

Nikkei ended up 1.8 percent to 17,780.51, while the broader Topix index rose 1.9 percent to 1,453.81 .

Asia-section here.

– Japan must do more
Turn is in Japan came after a meeting between Governor Haruhiko Kuroda and Prime Minister Shinzo To ask.

Abe said according to CNBC early Friday that he has set three new targets for “Abenomics” and aiming for a 20 percent increase in GDP in that of someone called “Abenomics 2.0″.

The three new objectives are therefore strong economic growth, an increase in birth rates, as well as measures to strengthen health care for the elderly.

– The authorities are concerned that they are losing momentum, and try to restore confidence in the medium term, despite how the economy evolves in the short term, says global chief strategist for G10 currency in Citibank, Steven Englander, to the channel.

And macroeconomic figures released Friday showed that consumer prices in August fell for the first time since April 2013, namely by 0.1 percent from July.

– The figures suggest that the central bank may need to do more, writes IGS Singapore-based strategist Bernard Aw in a note Friday.

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Thursday, September 24, 2015

Now your iPhone new – Tek.no

From today you can install the new operating system iOS 9 on your iPhone or iPad. The update will work on iPhone 4S or newer, and all iPads except the first. Some of the new features require that you have an iPad Air, iPad Air 2, iPad Mini 4 or iPad Pro. Perhaps the biggest news, splitscreen, works only with the last three.

Apple summarizes iOS 9-changes in four locations:

  • Included Applications
  •  

  • iPad experience
  •  

  • Intelligence
  •  

  • Platform
  •  

Included Applications

 note.
Notes become more like OneNote. (Photo: Apple)

Notes more like OneNote

They included apps have been some improvements, like memos can easily be turned into checklists or you can add photos, maps, or links to your notes in a simpler way. In addition, you can now draw sketches to your notes using your finger. Notes synchronized across your iOS devices via iCloud. To add a picture, map, video or a link to a note, use the common share function. Instead of sharing with such a Facebook friend, you share a new or an existing note.

You can also start the camera while in memo app to take photos directly to the note.

Have you used Microsoft OneNote, you will see that Apple memo app begins to resemble suspiciously.

Map more like Google Maps

The map has also acquired new functions, such as keeping up to date with public transport (for selected cities), in addition to that you can find interesting places nearby.

These are features that you might have on the iPhone already via app Google Maps. For Android and Windows users, this is old news.



News in iPad experience

The new features of iPad is “Slide Over”, “Split View” and “Picture-in -Photo. “

 slide.
With Slide can pull apps from the side and push them away again when you have used them. (Photo: Apple)

Pull the smart apps

“Slide Over” is about that you can pull out a additional app from the side of the screen. Which apps this slide-function works with is not lit, but when we tried the service seemed the only with a choice of Apple’s own apps.

For example, reply to a message without exiting the app you are built in. Once you have finished the message simply slide the panel off the screen again.

Slide Over will not work with older iPad than iPad Air.

 split.
Screen Sharing has finally come also to iPad, but only to some of the very latest models. (Photo: Apple)

Following Android and Windows screen sharing

“Split View” is a feature reminiscent Slide Over but here will both be active apps side by side. How much of the screen that should be the individual app to part is, you decide. This feature will only work with iPad Air 2, or the coming trays iPad Mini 4 and iPad Pro.



beep.
You can see the video or use video conferencing (FaceTime) while working on other apps. (Photo: Apple)

Picture in Picture, but only for video

“Picture in Picture” is a function acting with FaceTime or video player. In both cases, video watching could be added as a small picture on top of what you’re working on. Just press the home button while the video is active, and then add the video down in the corner of your screen. Here it will remain, even if you open new apps.

Similarly, features found on more Android and Windows products, also on mobile phones. Here you can also move and scale the image.

Keyboard shortcuts

The keyboard also got new features on the iPad. It is added to a shortcut line, you can easily select text and you can add keyboard shortcuts. The cursor can move easily swipe with two fingers anywhere on the screen. This solution makes the entire screen into a sort of “track pad” and is as far as we know something Apple is alone.

The rest of the features in iOS 9 you can also use the iPhone.



phone / tablet shows more contextual search results. (Photo: Apple)

More intelligence in the OS

The intelligence in the operating system, according to Apple has been several notches better.

Smarter search suggestions

The search screen now shows more suggestions, and may include contacts, apps, nearby places and news that matches your query.

The contacts you speak with most often, or you have upcoming meetings with, will appear as suggestions when to call. If you have the habit of checking the news in the morning, the shortcut to nyhetsappen appear on the search screen at the time you normally checks news. Likewise teaches phone which apps it’s likely that you’re going to use, and lists them on the search screen.

Recognizes accessories

plugs you in Headphones will be able to continue playing from where you were last time you used the headphones, while you can get another proposal to connect to an audio system over Bluetooth. You can also jump directly to the most widely used music cape from lock screen.

Teacher your usage

Mail app learns who you are sending e-mail, and the addresses you usually use emerging as suggestions. Do you usually send messages to multiple, being the most used contacts suggested. The same applies to calendar invitations.

Updating without disturbing

iOS 9 also got smarter update feature, so small updates can be installed automatically on times when the phone normally in use, like when you sleep. A smoother OS also provides improved battery capacity, in this case believes Apple you will get an extra hour out of your battery before having to recharge the phone.

Increased security

Safety is also raised, with six digits as the default password, opposed to four previously. In addition, you can use two-step verification.

Siri speaks Norwegian

Siri is no novelty in iOS 9, but it is undeniably an advantage that she finally has learned Norwegian. By talking to Siri learns better to recognize, both in terms of voice recognition, and as to which areas of interest you have.



change.
Not surprisingly, Apple will gladly make it easy for Android users to switch to iOS. Free apps included (iOS versions), while beta patches ports in your wishlist at iTunes. (Photo: Apple)

Helps you to switch from Android to iOS

Last but not least, it should be easier to switch from Android to iOS. A special app makes the move easier, and moving contacts, message history, photos, videos, bookmarks from the web, e-mail accounts, calendars and books or music that is not DRM-protected.

free app you have on Android will be replaced by corresponding apps from iTunes. Beta labels end up in a wish list, then you can easily buy them again.

We have not yet got many experiences with the final version of iOS 9, but we’ve used the beta version a while:
See what we thought of iOS 9 here “

Plan to upgrade? You should read this before you start “

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-Is It not willingness to finance, we can only forgets it – Øyavisa

 

Is it not willingness to finance, we can only forgets it

As ekstrasak during the last council meeting was setup discussion of what is surnamed school project, ie to gather all due skuleelevane in the municipality under the same roof.

Øyavis – ODD Fremstedal

It’s four years since we adopted the pilot project to new Midsund school, it lasted made at the last meeting of the previous period. The council must decide before we start with new plans, is whether we are willing to finance it. That is what we are talking about, said Per Håvard Klauset då saka lasted hang up utanfor agenda at the last meeting of the council. Klauset said cont that lasted spent 2.5 million laid pengar in addition to management and the school’s resources to reach the pilot project which was submitted four years ago, it lasted devoted considerable resources to plan, it is no made dei last two years on Midsund school is such that the opposition within the pilot project. A part needs to be reworked in that library is built, a goal must be to Gjere least agents allow the old part. But the beach on the council say willingness to finance, this could Vore conducted if there was willingness to finance. If it is not the will to it, we can only forgets it. Eg is Einig in the words of the note, and out from this it is quite clear what the needs are at a development. There, we need not discuss, the needs are well documented in the pilot project, it is good plans so we know what we have to develop, said Klauset.
Arnstein Misund (Krf) also said it is vilja it says on the seventh and last. That’s why it’s nice to see that partia in valkampen believe that we must get a solving of this. We advocate that we should take the matter up again to accelerate it, there are our objectives. If we go back four years we have had many debates in this school auditorium here, but no, we must see ahead, we are where we are and we stand where we stand. We must build on the positive in that we have folketal growth, we believe that we will need a larger school. It’s nice that this kernel up no, we have to start pedaling to and get the work started. With a historically low interest rates and that there is little work on entrepreneurs, so we clipped well on tender side, said Misund.
It’s no two cases as “cost money,” said Frits Inge Godo (V) and was Einig Considering Per Håvard Klauset. -It’s Economy set limits to development. Left support this still the case that we must speed up the development, something we also have in our program. It’s nice to see that the process no’re on the right track. Grasp the pilot project, that someone has Vore traveling and seen how others have done that is good. For me going to school in Midsund be our school. We as teachers in schools have worked hard how school must see after our educational platform. It is very important to have thoughts on how pupils learn best, and add space relative to each other in the best way also possibility. It is an important process when ein will build ein new school. We have needs and beliefs about how things should be, said Godo and was Einig with Per Håvard in that it is financing as being a challenge
Stig Otto Dyrseth (U) had appeared it was very positive that they most partia bet on schools. -Barnehage, School and elderly care is important. The pilot project is certainly possible to use even if the library is built. It is important to spend money on new schools and not rip in the old way it lasted done in the 90 century, said Stig Otto and wishes good luck to those who would continue with this work.
Rådmannen said it lasted done ein long and thorough process of broad involvement. -The Opposition clear guidelines for how much teaching there should be per pupil and ein good part of the pilot project, we can take with us into no.
Robin Sørlie (H) Meinte it was important to get this on the agenda again at the next municipal tek over, so can they continue working on it.
Odd Helge Gangstad (Sp) spela into EiT moment that he Meinte could be important. -It Is important to have pot ready project in case the core packages.
Thus lasted the samrøystes ADOPTED that an administrative working group compiled by the dei two principal and technical director during September should ensure the quality programs Inga and add this before the building committee (presidency ).

The pilot project clearly, school will cost 100 million. NOK wrote Øyavis in August 2011. It was in 2008 that the proposal ein new public school space for all pupils in the municipality lasted Promoted. In 2010 came the first proposal for the development of 124 million. Crowns as far above rose frames council had løyvd. Ei minimum løysning with ein total cost of 100 million. Lasted presented in 2011 with the start of construction in 2013.



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Wednesday, September 23, 2015

Memo reveals: 758 women still waiting HPV investigation – TV2

Symptoms such as headaches, chronic fatigue, numbness and various pains plaguing right now 758 mainly young women.

They have two things in common: They have all been given the controversial HPV vaccine, and they are all waiting still to get an explanation from their hospital – even though the regions guaranteed that it would be ready to examine symptoms by 1 June this year.

It shows a note that the regions have submitted to the Minister of Health Sophie Løhde (V), TV 2 has been given access to.

A total of 1,290 HPV-vaccinated women were referred by their doctors to get an explanation on whether the above symptoms may be due to the vaccine. But over half waiting so still, some for up to nine months.

It is not good enough, says Sophie Løhde against Politiken.

– It is not satisfactory that waiting several places so long as it is the case. This is surely an indication that there has been a bump before the bid was established, she writes in a comment to the newspaper.

– I can not wait more
One of the young women who have not come to yet, Halima Bibi from Brøndby Strand. She has for years had major problems with fainting and fatigue.

– I could sleep 10 hours and still be tired. I could pass out 3-4 times a week, she says.

She has had very irregular periods and even had surgery for a non-existent appendicitis because of stomach problems. She dropped out of school twice because of problems but despite three references she is yet to come into the clearing program to find out whether it is due to the HPV vaccine.

– It is really difficult for me to go to school, and I can not work alongside. It has affected me a lot. I can not wait for more, she says.

Halima Bibi is now on HF and have to take medication to cope. She has been told that her investigation will begin in December.

– It’s good, it comes in time, and I also understand that it is difficult for doctors because it has many different symptoms. But it is a long time to wait, she says.

regional chairman: A complex problem
In the regions, there may be no assurances as to when the 758 women on the waiting list will be able to get answers to their problems due HPV vaccine.

– Within the framework, now, you can not stand up and say that the New Year we are through with all the courses, says Bent Hansen, president of Danish Regions, told Politiken.

The problem is, according to Bent Hansen symptoms pointing in many different directions. Therefore, it takes a long time to unravel each.

More than half a million women have received the HPV vaccine.

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Statoil has lost 7.7 billion in Ireland – Fædrelandsvennen



Oljegiganten Shell har fullført skandaleprosjektet Corrib, som Statoil er partner i med en eieradel på 36,5 prosent. Produksjonen av gass utenfor kysten av Irland kan snart starte, 19 år etter at gassen ble oppdaget, skriver Irish Independent.

Ifølge den irske avisen er Statoils totale nedskrivninger i Irland bare i 2014 på 243 millioner euro, eller 2,2 milliarder norske kroner. Totalt skal Statoils tap i Irland ha kommet opp i 7,7 milliarder norske kroner.

- Regnskapet gjelder det lokale Statoil-selskapet i Irland, og vi kommenterer ikke detaljene i de rapporterte tallene, sier Knut Rostad, mediekontakt for Statoils internasjonale virksomhet, ifølge Aftenbladet.

Men han bekrefter at store deler av tapet knyttes til Corrib-prosjektet.

Statoils største smell

Målt i forhold til opprinnelig budsjett er Corrib-feltet med sin overskridelse på rundt 400 prosent trolig Statoils største noensinne. Mongstad sprakk med 95 prosent, Åsgard med 50 prosent og Snøhvit med 47 prosent.

- Prosjektet er vesentlig forsinket og dyrere enn forventet, men når det kommer i produksjon innen utgangen av året, så vil det være en viktig bidragsyter til produksjon og kontaktstrøm, legger Rostad til.

Han legger til at tallene i regnskapet tidligere tatt inn i selskapets rapportering.

- Det er derfor ikke noe nytt i tallene, mener Rostad.





Her er de store Statoil-smellene

Corrib-prosjektet er Statoils eneste utbygging i Irland, og det har vært svært omstridt. Aftenbladet har to ganger besøkt området hvor en gassrørledning med høyt trykk nær bolighus på land, har utløste sterke protester. Endrete planer som følge av protestene, har ført til mange års forsinkelser og millardtap.

Prosjektet skulle ha kostet 850 millioner euro, 7,3 milliarder kroner. Fasit er mellom 3,8 og 4 milliarder euro, mellom 32 og 34 milliarder kroner, skrev Aftenbladet tidligere i år.

Folket får gigantregning

Statoil rapporterte først en nedskrivning på 1,6 milliarder kroner i Corrib-prosjektet i 2010, men har siden skrevet ned verdien ytterligere på grunn av de enorme forsinkelsene og kostnadsoverskridelsene.

De irske skattebetalerne får svi for dette. Selskapene kan skrive tapet av på skatten.

I likhet med Norge, kan oljeselskapene trekke fra kostnader de har hatt i utbyggingsfasen, før de begynner å betale skatt på det de tjener i produksjonen. I Irland er fratrekket 100 prosent, i Norge 78. I tilfellet Corrib, med enorme overskridelser, må dermed irske skattebetalere aksle hele milliardregningen.

Skattesatsen Statoil må betale er 25 prosent i Irland. I Norge er den 78.

I et notat knyttet til regnskapet for prosjektet heter det at styret anser at inntektene fra utbyggingen av feltet vil være tilstrekkelig til å gjøre selskapet lønnsomt i fremtiden.

- Lønner seg aldri

Utbyggingen består av sju undersjøiske brønner, og gassen vil transporteres gjennom en rørledning til en landbasert prosesseringsterminal. Fra terminalen føres gassen via forbindelsesledningen Bord Gais Eireann til det eksisterende irske gassnettet. Shell er operatør og eier av 45 prosent i Corrib-prosjektet.

Oljeanalytiker Trond Omdal i Pareto Securities slår fast at Corrib-prosjektet i Irland er ulønnsomt både for Statoil, operatøren Shell og det kanadiske oljeselskapet Vermilion. Dette til tross for at avtalte kontraktspriser på gass høyere enn det Statoil får betalt for norsk gass i Storbritannia eller på kontinentet. Årsaken er store forsinkelser og kostnadsøkninger som følge av endrete myndighetskrav til prosjektet blant annet som følge av omfattende lokale protester.

- Vi estimerer en negativ verdi for hele prosjektet fra starttidspunktet  på i overkant av 10 milliarder kroner etter skatt, sier Omdal.

Men selv om prosjektet sett over hele levetiden er ulønnsomt, så er det betydelige gjenværende verdier i feltet når det aller meste av investeringene er gjort, mener analytikerne.

- Vi estimerer Statoils nåverdi etter skatt til 11 milliarder kroner for Statoil, og mer enn 32 milliarder totalt for de tre selskapene, sier Omdal.

Lave skatteinntekter

- Hvor mye betaler Statoil i skatt?

- På grunn av høye avskrivninger og store fremførbare underskudd så vil naturligvis skatteinntektene fra prosjektet bli lavere – cirka 6 prosent av antatte totale inntekter fra prosjektet.

- Har protestene fra folk lokalt i Irland fordyret prosjektet?

- Prosjektet har på grunn av forsinkelser og kostnadsøkningenr som følge av endrete myndighetskrav blitt betydelig mindre lønnsomhet, som rammer både oljeselskapene som har deltatt i prosjektet og irske myndigheter i form av lavere skatteinntekter, sier Omdal.

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Disappointing PMI from China sends stock exchanges in Asia right down – Manager

Reisetips med annonselenker

En overraskende skuffenede innkjøpssjefindeks i Kina sender hele Asia i rødt onsdag.

Samtlige toneangivende børser i Asia, med unntak av Japan som holder stengt, er ved lunsjtider i negativt terreng onsdag.

I Kina er Shanghais Composite-indeks ned 1,32 % klokken 12.00 lokal tid. Shenzhens Composite er på samme tidspunkt ned 0,61%.

Klokken 11.00 lokal tid er Hongkongs Hang Seng ned hele 2,19%.

Sør-Koreas KOSPI-indeks er ned 1,31% klokken 12 lokal tid (tre timer før stenging).

I Singapore er Straits Times ned 1,14% og i Taiwan er TAIEX ned 1,77%.

I Sydney er den brede All Ordinaries-indeksen ned 1,85% klokken 13.00 lokal tid (tre timer før stenging).

- Kinas BNP kan falle under 7%

Ifølge senioranalytiker ved Nordeas Singapore-kontor, Amy Yuan Zhuang, indikerer flash-innkjøpssjefindeksen Caixin for første gang at Kinas bruttonasjonalprodukt kan falle under 7% i tredje kvartal (år for år).

Senioranalytiker ved Nordeas Singapore-kontor, Amy Yuan Zhuang.

Nordea

Indeksen falt til 47.0 i september fra 47.3 i august. Markedet forventet en vekst til 47.5. Ifølge Zhuang er dette det laveste nivået for Caixin/Markit flash PMI siden mars 2009. Et tall på over 50 indikerer økt økonomisk aktivitet og et tall lavere enn 50 indikerer at økonomien vil krympe.

- Flere kvantitavive lettelser fra den kinesiske sentralbanken er på gang, men dette er ikke nok til å lette på trykket nedover, skriver Zhuang i ett notat onsdag morgen lokal tid Singapore.

Knallrød tirsdag på børsene i Europa

Oslo Børs fulgte med i bratte fall på internasjonale børser tirsdag.

Ved stengetid var hovedindeksen ned 1,34 prosent til 579,29 poeng, mens den europeiske samleindeksen Stoxx Europe 600 falt 2,4 prosent.

Heller ikke fra oljemarkedet var det drahjelp å få, med nordsjøoljen ned 1,6 prosent gjennom dagen til 48,1 dollar per fat.

Børsen største selskap fulgte med oljeprisen og falt 1,2 prosent, DNB var ned 2 prosent, Telenor var ned 1,3 prosent og Hydro falt 1,3 prosent. Les mer her.

Rentefall dro Wall street ned

Aksjeinvestorene stormet til sikker grunn tirsdag, og forlot dermed de mer risikoutsatte selskapene. Denne trenden medførte nedgang for både Dow Jones, S&P 500 og Nasdaq.

Nasdag tapte 72,23 poeng – 1,5 prosent – og falt til 4756,72 poeng. Dow Jones sank med 179,72 poeng til 16.330,47 og falt dermed 1,09 prosent, mens Standard & Poor 500 også sank mer enn én prosent. Nærmere bestemt 1,23 prosent, noe som førte til at den gikk ned 24,23 poeng til 1942,74.

Det var faktisk nedgang hos alle 30 Dow Jones-komponenter, og nedgang hos alle 10 sektorer hos S&P.

Yahoo Finance mener at nedgangen skyldes at investorene fremdeles kjenner usikkerhet knyttet til rentenivået i USA. Les mer om utviklingen på Wall Street tirsdag her.

Frykter ytterligere fall for Oslo Børs

Oslo Børs Benchmark indeks (OSEBX) har flere ganger de seneste ukene testet et betydelig teknisk motstandsnivå rundt 600-610 poeng, men uten å lykkes med å bryte opp i gjennom det nivået. Det skriver Bjørn Inge Pettersen i aksjeanalyser.com i en kommentar tirsdag.

Oslo Børs Benchmark indeks faller nå tilbake igjen, og det samlede tekniske bildet for Oslo Børs Benchmark indeks signaliserer nå videre nedgang for Oslo Børs i tiden fremover.

Det vil gjerne kunne komme en test av støttenivået ned mot 530-540 poeng i løpet av den nærmeste tiden (1-3 uker), men brytes det nivået (slik vi hos Aksjeanalyser.com tror vil skje), ja så vil det utløses et nytt kraftig salgssignal for Oslo Børs Benchmark indeks. Da vil indeksen kunne falle ned mot 450 poeng på 3-6 måneders sikt.

Lik NA24 her og få flere ferske økonominyheter!

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Tuesday, September 22, 2015

Disappointing PMI from China sends stock exchanges in Asia right down – Manager

Reisetips med annonselenker

En overraskende skuffenede innkjøpssjefindeks i Kina sender hele Asia i rødt onsdag.

Samtlige toneangivende børser i Asia, med unntak av Japan som holder stengt, er ved lunsjtider i negativt terreng onsdag.

I Kina er Shanghais Composite-indeks ned 1,32 % klokken 12.00 lokal tid. Shenzhens Composite er på samme tidspunkt ned 0,61%.

Klokken 11.00 lokal tid er Hongkongs Hang Seng ned hele 2,19%.

Sør-Koreas KOSPI-indeks er ned 1,31% klokken 12 lokal tid (tre timer før stenging).

I Singapore er Straits Times ned 1,14% og i Taiwan er TAIEX ned 1,77%.

I Sydney er den brede All Ordinaries-indeksen ned 1,85% klokken 13.00 lokal tid (tre timer før stenging).

- Kinas BNP kan falle under 7%

Ifølge senioranalytiker ved Nordeas Singapore-kontor, Amy Yuan Zhuang, indikerer flash-innkjøpssjefindeksen Caixin for første gang at Kinas bruttonasjonalprodukt kan falle under 7% i tredje kvartal (år for år).

Senioranalytiker ved Nordeas Singapore-kontor, Amy Yuan Zhuang.

Nordea

Indeksen falt til 47.0 i september fra 47.3 i august. Markedet forventet en vekst til 47.5. Ifølge Zhuang er dette det laveste nivået for Caixin/Markit flash PMI siden mars 2009. Et tall på over 50 indikerer økt økonomisk aktivitet og et tall lavere enn 50 indikerer at økonomien vil krympe.

- Flere kvantitavive lettelser fra den kinesiske sentralbanken er på gang, men dette er ikke nok til å lette på trykket nedover, skriver Zhuang i ett notat onsdag morgen lokal tid Singapore.

Knallrød tirsdag på børsene i Europa

Oslo Børs fulgte med i bratte fall på internasjonale børser tirsdag.

Ved stengetid var hovedindeksen ned 1,34 prosent til 579,29 poeng, mens den europeiske samleindeksen Stoxx Europe 600 falt 2,4 prosent.

Heller ikke fra oljemarkedet var det drahjelp å få, med nordsjøoljen ned 1,6 prosent gjennom dagen til 48,1 dollar per fat.

Børsen største selskap fulgte med oljeprisen og falt 1,2 prosent, DNB var ned 2 prosent, Telenor var ned 1,3 prosent og Hydro falt 1,3 prosent. Les mer her.

Rentefall dro Wall street ned

Aksjeinvestorene stormet til sikker grunn tirsdag, og forlot dermed de mer risikoutsatte selskapene. Denne trenden medførte nedgang for både Dow Jones, S&P 500 og Nasdaq.

Nasdag tapte 72,23 poeng – 1,5 prosent – og falt til 4756,72 poeng. Dow Jones sank med 179,72 poeng til 16.330,47 og falt dermed 1,09 prosent, mens Standard & Poor 500 også sank mer enn én prosent. Nærmere bestemt 1,23 prosent, noe som førte til at den gikk ned 24,23 poeng til 1942,74.

Det var faktisk nedgang hos alle 30 Dow Jones-komponenter, og nedgang hos alle 10 sektorer hos S&P.

Yahoo Finance mener at nedgangen skyldes at investorene fremdeles kjenner usikkerhet knyttet til rentenivået i USA. Les mer om utviklingen på Wall Street tirsdag her.

Frykter ytterligere fall for Oslo Børs

Oslo Børs Benchmark indeks (OSEBX) har flere ganger de seneste ukene testet et betydelig teknisk motstandsnivå rundt 600-610 poeng, men uten å lykkes med å bryte opp i gjennom det nivået. Det skriver Bjørn Inge Pettersen i aksjeanalyser.com i en kommentar tirsdag.

Oslo Børs Benchmark indeks faller nå tilbake igjen, og det samlede tekniske bildet for Oslo Børs Benchmark indeks signaliserer nå videre nedgang for Oslo Børs i tiden fremover.

Det vil gjerne kunne komme en test av støttenivået ned mot 530-540 poeng i løpet av den nærmeste tiden (1-3 uker), men brytes det nivået (slik vi hos Aksjeanalyser.com tror vil skje), ja så vil det utløses et nytt kraftig salgssignal for Oslo Børs Benchmark indeks. Da vil indeksen kunne falle ned mot 450 poeng på 3-6 måneders sikt.

Lik NA24 her og få flere ferske økonominyheter!

LikeTweet