Waiting in the 80s – Today’s Business

Oil analyst Torbjorn Kjus expect further fall in oil prices.

Published: 10/03/2014 – 9:57 p.m.

The article is added to your reading list.

Torbjorn Kjus, oil analyst at DNB Markets who predicted oil prices fall as a result of increased shale oil production in the United States. It was in 2012, and there was no shortage of experts and industry people who thought that it had scribbled for him.

Today is the 2014 Kjus’ oil price scenario is about to strike. Yesterday vaket oil prices around $ 92 a barrel.

Kjus predicted in 2012 an average price of $ 100 a barrel in 2015 when the oil price was $ 116.

– Now you see it too loud out, I will probably revise down estimates, he said.

IOC president open to change Pampa requirements – VG

IOC president Thomas Bach now goes far to establish that the organization will compromising on future searches cities.

Wednesday caused a large reactions when VG discussed some of the requirements IOC set to their seeking cities.

The IOC admits facing Reuters that there is a need for changes in the application process.

Instead of searching for cities to adapt to the IOC criteria, the weight should now be added that the Games should be a part of the city’s development.

– We will propose to change the philosophy of the application process, says the German President. Sustainability and the legacy of the Olympics will focus in the future.

– Earlier we asked cities to meet certain requirements, but in the future we will prefer to ask the cities about how they see the Olympics can fit into their development in the long term. This applies to social, athletic, ecologically and economically, says IOC president Thomas Bach news agency.

Requirements List created reactions

One of the requirements IOC asked to Oslo in 2022 was to meet the King before the opening ceremony, followed by cocktail reception, where the drinks are payable by the Royal Family or possibly the Norwegian Olympic Committee.

Another requirement was that all IOC members had to get each new phone with Norwegian subscription. The phone must be of the brand Samsung.

Many interested them. Article writing shared 35,000 times on Facebook and it is written 670 comments in the comments.

The same day the case was published on the Conservative parliamentary somewhat surprising foot down for a possible Olympic application after an internal memo first recommended the group to say yes. Several pointed out that the VG case concerning the specific requirements helped to determine the outcome.

– It was the lack of popular support for high cost and the hopeless pampering requirements of the IOC. Several mentioned the list VG brought yesterday, says the Conservative parliamentary leader Trond helland VG Thursday.

The same day went IOC director Christophe Dubi out and criticized the Norwegian decision.

sensor with practitioners

Bach on his part called Norway’s decision essentially “political”, given that Norway has a minority and coalition government.

– We feel with the Norwegian athletes and sports movement that was very involved in the application process because they realized what kind of boost it would give sports people sports in Norway, says Bach said.

He understands that it be questioned spending at the Olympics.

– We see applications for 2022 that the world is experiencing a crisis, a financial crisis. That means – and it’s perfectly legitimate – that there are more questions from people about the financing of the Games, said the president.

– Not even a black eye

When Oslo withdrew his candidacy, the International Olympic Committee (IOC) left with two applicants, China and Kazakhstan. Oslo was the fourth candidate who ended up pulling the application after Stockholm, Krakow in Poland and Lviv in Ukraine had surrendered.

Bach shrugs of allegations that the IOC has got a real review in light of the criticism that has emerged recently.

– We have not even gotten a black eye. We should not forget that we have two candidates, Beijing and Almaty, which has very interesting offers, says Bach, who took over as president in September last year.

Comment: IOC can thank themselves

IOC continues its efforts to reduce the cost of the Games and the application process. The work culminates in Agenda 2020 reform program to be adopted in December.

(VG / NTB)

VG: Right Secret memo recommends Olympics – Bergens Tidende

VG has obtained an internal memo that was yesterday sent to all Conservative 48 members of parliament.

The paper is stamped “strictly confidential” and written by the Conservative Party’s cultural policy spokesman Svein Harberg in Parliament in close collaboration with Culture Thorhild Widwey. Where recommended parliamentary group to go in for a Winter Olympics in Oslo in 2022.

“A clear requirement for any government guarantee and investment must be that bid committee work for a substantial reduction of the total cost, and that achieved understanding and acceptance by the IOC for a possible Olympics and Paralympics in Norway in 2022 will be a sober event »print Harberg note.

In the end he concludes that” given that these assumptions are in place, fraction is initially positive to a government guarantee, “the newspaper said.

Right-top: – OL has got a billion crack already. What next? – Dagbladet.no

(Dagbladet): Now, the 48 members of parliament, the 10 Conservative ministers and Prime Minister Erna Solberg (H) are positioned at the Conservative Party conference room in Parliament.

The meeting is estimated to last for a few hours. When it is done, we will be a good piece further clarification about the Olympics will be held in Oslo in 2022 Says Right no,’s Olympic dream crushed

On the way to the meeting, MP Arve Kambe indicated that the next few hours will be exciting.

According to Kambe has no-side “strengthened considerably” just since yesterday.

And more Conservative sources told Dagbladet that the news last half a day – the slaughter of the Olympic agency cuts plans yesterday, and VG’s interpretation of the IOC many pampering requirements today – has created movement in the parliamentary group.

The notion that two thirds of Conservative Members of Parliament are OL-positive, are not necessarily as accurate anymore, get Dagbladet stated.

– I hope Right responds to the skepticism we have seen in the people.

– Do you think the group meeting may conclude with a no?

– I am an optimist, says Kambe, indicating that mood is to touch and feel.

With reference that Olympic agency cuts budget was ironing of an external quality assurance group Tuesday, he said:

– OL has got a billion crack already. What next?

Secret memo

VG has obtained a secret memo, prepared by sport policy spokesman Svein Harberg, in consultation with the Minister of Culture Thorhild Widwey, where it is stated that the Conservative culture faction will prevail government to a government guarantee of Oslo Olympics.

VG reproduces the conclusion of note:

“A clear requirement for any government guarantee and the investment must be to seek the committee work for a substantial reduction of the total cost, and the achievement of understanding and acceptance by the IOC for a possible Olympics and Paralympics in Norway in 2022 will be a sober event. Given that these conditions are in place, the faction initially positive to a government guarantee. “

Four requirements

According to Aftenposten is likely that the Conservative parliamentary gives Solberg advised to go in for a” conditional yes “to OL2022. This means that the Conservatives indeed presupposes requirements:

• A cheaper Olympics
• Oslo need to pay even more
• No special tax for IOC
• High recycling plant

– The appropriate IOC requirements

Meanwhile, Conservative yes-queen, Linda Hoftstad helland from Sør-Trøndelag stated that IOC peaks pampering requirements, which were presented in VG Wednesday, is irrelevant.

– It is completely irrelevant requirements. If the IOC does not accept this and much more will be out, there will be no Olympics in Norway, she says to Aftenposten.

Parliamentary group will not vote on the matter, unless it would be difficult to understand which way the group is leaning.

Can get the bag

The reason for today’s meeting is that Solberg has asked the parliamentary group for advice on what she and the government should do with the Olympic application: Discard it or go in for a new Norwegian Olympic Games at taxpayers’ expense. Journalist, commentator and prolific no-man Jan Arild snow Minerva says in an analysis that this order is contrary to normal:

“It would be normal to wait for the government’s recommendation, but since the Progress Party national convention has locked the party to a no, “strategists” in Conservative management determined that it needed a counterweight to this – a clear yes-signal from the other party’s parliamentary group that balances politician congress “, he writes.

He also points out three key challenges associated with the Conservative credible “conditional yes” to the Oslo Olympics:

• Right has not voters – nor their own – with it, which is problematic in itself .

• FRP’s no. If the government goes in for the Olympics, the FRP’s seven ministers take dissent. Every time FRP in the future will have more to seniors, health, roads or tax cuts, it will be difficult for the Conservatives to slow this for the sake of smoked none of responsible economic politikkk – FRP can constantly point out that the Conservatives after all took the advice to Olympics.

• Labor can give Right Maid. Labor and Jonas Gahr Støre will not commit to anything until the government has given its recommendations. This means that the Conservatives – in theory – may be left in a Norway who rejected the IOC as the only party that would go in for the Olympics.

What next? – Dagbladet.no

(Dagbladet): Now, the 48 members of parliament, the 10 Conservative ministers and Prime Minister Erna Solberg (H) are positioned at the Conservative Party conference room in Parliament.

The meeting is estimated to last for a few hours. When it is done, we will be a good piece further clarification about the Olympics will be held in Oslo in 2022 Says Right no,’s Olympic dream crushed

On the way to the meeting, MP Arve Kambe indicated that the next few hours will be exciting.

According to Kambe has no-side “strengthened considerably” just since yesterday.

And more Conservative sources told Dagbladet that the news last half a day – the slaughter of the Olympic agency cuts plans yesterday, and VG’s interpretation of the IOC many pampering requirements today – has created movement in the parliamentary group.

The notion that two thirds of Conservative Members of Parliament are OL-positive, are not necessarily as accurate anymore, get Dagbladet stated.

– I hope Right responds to the skepticism we have seen in the people.

– Do you think the group meeting may conclude with a no?

– I am an optimist, says Kambe, indicating that mood is to touch and feel.

With reference that Olympic agency cuts budget was ironing of an external quality assurance group Tuesday, he said:

– OL has got a billion crack already. What next?

Secret memo

VG has obtained a secret memo, prepared by sport policy spokesman Svein Harberg, in consultation with the Minister of Culture Thorhild Widwey, where it is stated that the Conservative culture faction will prevail government to a government guarantee of Oslo Olympics.

VG reproduces the conclusion of note:

“A clear requirement for any government guarantee and the investment must be to seek the committee work for a substantial reduction of the total cost, and the achievement of understanding and acceptance by the IOC for a possible Olympics and Paralympics in Norway in 2022 will be a sober event. Given that these conditions are in place, the faction initially positive to a government guarantee. “

Four requirements

According to Aftenposten is likely that the Conservative parliamentary gives Solberg advised to go in for a” conditional yes “to OL2022. This means that the Conservatives indeed presupposes requirements:

• A cheaper Olympics
• Oslo need to pay even more
• No special tax for IOC
• High recycling plant

– The appropriate IOC requirements

Meanwhile, Conservative yes-queen, Linda Hoftstad helland from Sør-Trøndelag stated that IOC peaks pampering requirements, which were presented in VG Wednesday, is irrelevant.

– It is completely irrelevant requirements. If the IOC does not accept this and much more will be out, there will be no Olympics in Norway, she says to Aftenposten.

Parliamentary group will not vote on the matter, unless it would be difficult to understand which way the group is leaning.

Can get the bag

The reason for today’s meeting is that Solberg has asked the parliamentary group for advice on what she and the government should do with the Olympic application: Discard it or go in for a new Norwegian Olympic Games at taxpayers’ expense. Journalist, commentator and prolific no-man Jan Arild snow Minerva says in an analysis that this order is contrary to normal:

“It would be normal to wait for the government’s recommendation, but since the Progress Party national convention has locked the party to a no, “strategists” in Conservative management determined that it needed a counterweight to this – a clear yes-signal from the other party’s parliamentary group that balances politician congress “, he writes.

He also points out three key challenges associated with the Conservative credible “conditional yes” to the Oslo Olympics:

• Right has not voters – nor their own – with it, which is problematic in itself .

• FRP’s no. If the government goes in for the Olympics, the FRP’s seven ministers take dissent. Every time FRP in the future will have more to seniors, health, roads or tax cuts, it will be difficult for the Conservatives to slow this for the sake of smoked none of responsible economic politikkk – FRP can constantly point out that the Conservatives after all took the advice to Olympics.

• Labor can give Right Maid. Labor and Jonas Gahr Støre will not commit to anything until the government has given its recommendations. This means that the Conservatives – in theory – may be left in a Norway who rejected the IOC as the only party that would go in for the Olympics.

Fredriksen-rally and Noreco massacre on red stock – HegnarOnline

The main index of the Oslo Stock Exchange ended at 602.84 Wednesday, representing a decrease of 1.07 percent.

Shares and equity certificates are traded 3,702 million.

The main index is thus down 1.2 percent last month, but up 9.8 percent so far this year.

Wall Street falls markedly in the early trade, after several disappointing macroeconomic data from the United States. The American Purchasing Managers Index for the service sector came in below expectations, but indicates admittedly growth (non-manufacturing ISM).

The same was true for PMI in the manufacturing sector, while construction investment disappointed. Employment in the private sector came in above expectations.

Meanwhile react investors in New York on the first Ebola diagnosis on a patient in the United States.

Leading European exchanges also red on Wednesday.

The German DAX and UK FTSE 100 both fell 0.9 percent, while the French CAC 40 pulled down 1.1 percent.

Europe down, oil prices up
Afternoon disappointment comes on top of the purchasing manager index (PMI) from both China and Europe (Germany and France). According to Reuters emphasizes the latter two the fragile recovery in the European economy.

– The political turmoil in Hong Kong draws the sentiment in the market, while the Japanese Tankan survey and the Chinese PMI data was not convincing, Printer Rabobank analysts, according to news agency in a note.

Result Notifications from British J Sainsbury and French Nexans burdened also Europe’s stock exchanges.

also expect investors at tomorrow’s policy meeting at the ECB.

– It is obvious that the European Central Bank initiates the printing press either at this meeting or any.’s next, at least we think it wrote Netfonds in today’s morning report.

About China’s PMI Not convinced, came in better than expected, and this gives some support to oil prices Wednesday.

November Brent oil was way down at levels around $ 94.40 per barrel last night, but Wednesday afternoon up in $ 95.34, up 0.7 percent in today’s trading.

The Oslo Stock Exchange fell 0.9 percent to Statoil 173.70 million, while Iraq exposed DNO ended down 1.9 percent to 19, 72 million.

Bloody for oil mosquito
A third oil company Noreco, stole most of today’s headlines.

Noreco plunged 76.3 percent to 1.97 million after having informed the market about an unplanned shutdown of the Huntington field in October 2014.

The company has also received new information indicates the need for impairment of Oselvar and Huntington reserves.

– The development of Huntington will affect the cash balance in 2015 and in subsequent years, and the unforeseen closure makes it uncertain whether the company able to fulfill its financial obligations towards the end of 2014, it was said.

Meanwhile resigns Chairman Morten Garman and director Erik Henriksen with immediate effect.

– We have no immediate liquidity crisis in Noreco and are of the firm belief that it is beneficial for anyone who has an interest in the company that Noreco continue as a company. If it were to stop completely, the values ​​deteriorate quite quickly, says Noreco’s CEO Svein Arild Killingland TDN Finans.

– We therefore consider all realistic options, and we will not rule out any options at this time, nor new equity, says Noreco chief on.

At the lowest share was as low as 1.91 million, which is obvious new all-time low.

Eight to the bottom, two top
Noreco was one of eight shares set a record low in Wednesday’s trading. The other seven were Northland Resources, Eitzen Chemical, Polarcus, Odfjell Drilling, EMAS Offshore, Havyard and Akastor.

Two stocks also reached all-time high. It was Leroy Seafood and Evry.

Oslo Axess-listed Badger Explorer came closest on the list of losers, and pulled down 13.0 percent to 5.44 million.

We also Øystein Stray Spetalen companies Standard Drilling and Nickel Mountain Group, which went back respectively. 8.0 percent to 1.15 million and 8.5 percent to 1.83 million.

New company and Frontline rally
winners topped by Birdstep plus 11.9 percent to 2.16 million, after the launch of the next generation of Always-Smartest-Connected Center (ASC).

One further shares rose tosfiret: Oslo Axess-listed PCI Biotech at plus 11.2 percent to 23.90 million.

Frontline secured a place on the podium after have launched plans to form a new company with the Tankers International LLC. The company is named VLCC Chartering Ltd. ..

The new company will have access to both companies’ fleets, according to Front Line Management.

Frontline- chief Jens Martin Jensen tells Hegnar.no that the combined fleet is less than 60 ships, and that the work of formation of the new company has been going in a few months time.

– We hope that we go together makes us more attractive to our larger customers. It provides better service and greater opportunities, and we expect this to be positive for both parties, says Jensen.

Frontline rose 9.65 percent to 8.98 million.

Oljeservice under pressure
Among the heavyweights oil was still under pressure.

In seismic TGS pulled down 4.6 percent to 156 million while PGS went back 2.9 percent to 39.52 kroner.

Subsea 7 burdened with a decline of 4.5 percent to 87.65 million, while Seadrill fell one percent to 170 , 60 respectively.

John Fredriksen company Deep Sea Supply ended down 4.3 percent to 8.39 million for fleet update for September.

Analysts are clearly disagree on the way further Aker Solutions. Yesterday DNB Markets and RS Platou Markets with widely different analyzes, and today was Goldman Sachs and UBS disagree.

While the former takes a Buy recommendation with a price target of 77.50 million, UBS recommends sale with a price target of 60 million.

The stock fell 3.9 percent to 61.50 kroner.

On the positive side tanks Investments , which rose 4.3 percent to 66.75 kroner.

Union was the only OBX share that avoided the red color. The stock rose 0.4 percent to 136.40 kroner.

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Important Conservative meeting today: – VG

Erna Solberg determines the Oslo Olympics fate completely on your own, but it happens hardly today.

Wednesday, at 15 locks Erna Solberg inside the largest meeting room in the Parliamentary 4th floor. Where will she get advice from the Conservatives 48 members of parliament about what she and the government should do with Oslo’s Olympic application.

VG know that the meeting starts with the Conservative leader in the culture committee will present an internal memo and recommend that the Conservatives giving a “conditional yes” to the application and accompanying government guarantee.

Exactly what such a “conditional yes” means is for now unclear.

As VG previously reported there are no plans for a vote on the matter at the meeting.

There is therefore – in practice, regardless of what is said at the meeting – right up to Erna Solberg even determine the Olympic road ahead.

It is expected, therefore, no final decision today.

– I make no assessment of opportunities for the Olympics Oslo now. I will listen to what the Conservative Party Parliamentary Group have to say, the Prime Minister said to VG.

– What are your expectations for the meeting?

– We are not engaged with sports journalism and talk about excitement and expectations, answer Solberg.

Three scenarios

Sources VG has spoken to outline three possible scenarios after Wednesday’s meeting:

1) Conservative group gives Erna Solberg marching on setting a state guarantee for the Olympics. If the majority of the Conservative group is very large, it will be difficult for the government to oppose this.

2) A small majority in the Conservative group says even to the Olympics. If so, it will largely be up to the members of the government from the Conservatives to decide the case. Probably it will then be Erna Solberg personally determines the question.

3) A majority of the Conservative group says no to the Olympics. In that case it would be near impossible for Erna Solberg to go ahead with an Olympic-application and the Olympic dream will be shattered.

During the month of October must Erna Solberg make a final decision if she wants a third Winter Olympics on Norwegian soil.

By the end of the month, the case must be processed in government. The treated formally in the Council of State at the Royal Palace, the Progress seven ministers will take dissent if the Conservatives in to ask a state guarantee.

Labor with key

If Right and thus majority government advocates Olympics the case is sent Parliament for final processing.

When should also Labour take a stand on the matter.

Labor sources VG talking to says they think party will land on a yes to the Olympics if the Right First do the same.

As Labor’s parliamentary believed to be at least as divided as the Conservatives, however, Jonas Gahr Støre have to swing the party whip in the autumn.

– It is as far right mathematical assessment that labor must stand behind for it to be realized. But I respond to all proposals that would indicate that the government must notify the clear card first. If there is to be an application from Norway, the government must keep proper records of its own policies, then the Parliament – consider that the government is going to have Støre previously told VG.

before Parliament takes a Christmas break in mid-December must whole Olympics affair be formally voted on and passed in Parliament.

The final application must be sent namely IOC no later than January 7, 2015 When should a government guarantee in place. If not, Oslo is out of the competition.

“And the decision is …»

There are three IOC-approved applicant cities: Oslo, Beijing and Almaty

In late July, the IOC congress in Kuala Lumpur, and that is where the Olympic organizers in 2022 should be pointed out.

All IOC members vote, and the vote until one of the cities with more than half of the votes.

IOC discounted this week, an evaluation committee for the Games in 2022 after the IOC members for many years had been able to visit the applicant cities and see them with my own eyes, this was prohibited by the corruption scandal surrounding Salt Lake City Olympics in 2002

It appeared at the time that a large number of IOC members had been given money to Support Salt Lake City in the poll.

Putin friend behind billions crack considering Oslo

Oslo applying for hosting the Olympics in 2022, it is Vladimir Putin’s man Alekander Zhukov as will lead the evaluation committee of the IOC.

58-year-old former deputy prime minister, has been president of the Russian Olympic Committee since 2010 and is very close to President Putin. He was elected as IOC member last year. IOC has decided that he should be the head of the evaluation committee.

A committee headed by Zhukov will evaluate the candidates, but the choice of the venue being taken by IOC members in plenary.

– Each and one of these brings with it a wide range of expertise and experience and understand what it takes to liquidate sustainable, well-organized and ultimately successful Olympic Winter Games, said IOC President Thomas Bach on the evaluation committee in a statement.

Zhukov get with three IOC members on the committee: Barry Maister of New Zealand, Adam Pengilly of Great Britain and Tsunekazu Takeda of Japan.

Pengilly’s former Olympic competitor in luge, while Maister became Olympic champion in field hockey in 1976 Neither Maister or Takeda (former show jumper) have any special background in winter.

Zhukov was head of the organizing committee for this year’s Winter Olympics and Paralympics in Sochi. The price tag for the Games in Russia was around 300 billion. Games in Norway is expected to cost about one tenth of this.