Epigenomics AG Sponsored Research Newsflash 11 August 2021
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Aker BP Acquires Licence Portfolio from Total
Aker BP acquires licence portfolio from Total Aker BP has entered into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licences on the Norwegian Continental Shelf for a cash consideration of USD 205 million. The portfolio includes four discoveries with net recoverable resources of 83 million barrels oil equivalents ("mmboe"), based on estimates from the Norwegian Petroleum Directorate. Two of the discoveries, Trell and Trine, are located near the Aker BP-operated Alvheim field and are expected to be produced through the Alvheim FPSO. The Alve Nord discovery is located north of the Aker BP-operated Skarv field, and can be produced through the Skarv FPSO. The Rind discovery is part of the NOAKA area where the total recoverable resources are estimated to more than 500 mmboe, and where Aker BP is working towards a new area development. In addition to these discoveries, the transaction also provides the company with increased interest in exploration acreage near the Aker BP-operated Ula field. The transaction is subject to approval by Norwegian authorities. Karl Johnny Hersvik, CEO of Aker BP comments: “We see a huge value creation potential in maximizing production through our operated production hubs. This requires continuous development and optimisation of the existing reserves and resources, as well as adding new resources through exploration and acquisitions of existing discoveries. With this transaction, we get access to new tie-back opportunities in the Alvheim and Skarv areas, we strengthen our resource base in the NOAKA area, and we increase our interest in exploration acreage near the Ula field. -
Arctic Norwegian Value Creation Monthly Report July 2021
Arctic Norwegian Value Creation Monthly Report July 2021 FUND COMMENTS Arctic orwegianN Value Creation (Class B) increased by 3.0% in July. Since inception in August 2014, the fund has returned 139.5% compared to a return of 97,2% for the Norwegian OSEFX benchmark. The largest positive contributors to fund performance in July were Borregaard, Kongsberg and Schibsted. Borregaard reported good second quarter results with underlying profits up 23% year-over-year driven by high price realisations and contained costs within its BioSolutions segment. Moreover, Borregaard announced that it will invest NOK 144 million in two transactions to acquire 25% of Alginor, with a further intention to increase its ownership to 35%. Alginor is Norwegian marine biotech and biomaterials company based in Haugesund which is developing a biorefinery concept based on harvested kelp. The intention is to list Alginor on the stock exchange during the next few months. Kongsberg delivered another strong report with a 62% increase in operating profit year-over-year. Following four quarters of declining revenues, Kongsberg Maritime returned to growth while posting a book to bill ratio above one. Kongsberg’s defence segment reported strong profitability and revenue growth of 22%. Early in July, Kongsberg was awarded defence contracts for NOK 8.2 billion by Germany and Norway to deliver submarine combat systems and naval strike missiles. Schibsted reported a strong Q2 with year- on-year growth in sales and EBITDA of 18% and 49% respectively, clearly ahead of analyst estimates. Nordic Marketplaces and News Media showed particularly strong improvements. For the first quarter ever, Nordic Marketplaces reached more than NOK 1 bn in sales with an impressive EBITDA-margin of 47%, with Finn as the main contributor. -
Board Statement on Corporate Governance Pdf 2 Mb
2015 Board Statement on Corporate Governance This publication is the Statoil Board of Directors’ statement on corporate governance, part of the Statutory report. © Statoil 2016 STATOIL ASA BOX 8500 NO-4035 STAVANGER NORWAY TELEPHONE: +47 51 99 00 00 www.statoil.com Cover photo: Øyvind Hagen Board statement on corporate governance To ensure sound corporate practice, Statoil's organisation is structured and managed in accordance with the Norwegian Code of Practice for Corporate Governance. Statoil's board of directors actively adheres to good corporate governance standards and will at all times ensure that Statoil either complies with the Norwegian Code of Practice for Corporate Governance (the "Code") or explains possible deviations from the Code. The topic of corporate governance is subject to regular assessment and discussion by the board, which has also considered the text of this chapter at a board meeting. The Code can be found at www.nues.no. The Code covers 15 topics, and the board statement covers each of these topics and describes Statoil's adherence to the Code. The statement describes the foundation and principles for Statoil's corporate governance structure, more detailed factual information can be found on our website, in our Annual Report on Form 20-F and in our Sustainability Report. The information concerning corporate governance required to be disclosed according to the Accounting Act Section 3-3b is included in this statement as follows: 1. "An overview of the recommendations and regulations concerning corporate governance that the enterprise is subject to or otherwise chooses to comply with": Described in this introduction as well as in section 1 below, "Implementation and reporting". -
Annual Report 2020 Contents
ANNUAL REPORT 2020 CONTENTS LETTER FROM THE CEO 4 BOARD OF DIRECTORS 44 KEY FIGURES 2020 8 EXECUTIVE MANAGEMENT TEAM 48 HIGHLIGHTS 2020 10 BOARD OF DIRECTORS’ REPORT 52 THE VALHALL AREA 16 REPORTING OF PAYMENTS TO GOVERNMETS 72 IVAR AASEN 20 BOD’S REPORT ON CORPORATE GOVERNANCE 74 THE SKARV AREA 24 FINANCIAL STATEMENTS WITH NOTES 88 THE ULA AREA 28 THE ALVHEIM AREA 32 JOHAN SVERDRUP 36 THE NOAKA AREA 40 COMPANY PROFILE Aker BP is an independent exploration and production Aker BP is headquartered at Fornebu outside Oslo and has company conducting exploration, development and produ- offices in Stavanger, Trondheim, Harstad and Sandnessjøen. ction activities on the Norwegian continental shelf (NCS). Aker BP ASA is owned by Aker ASA (40%), bp p.l.c. (30%) Measured in production, Aker BP is one of the largest and other shareholders (30%). independent oil and gas companies in Europe. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula The company is listed on the Oslo Stock Exchange with and Tambar, a partner in the Johan Sverdrup field and holds ticker “AKRBP”. a total of 135 licences, including non-operated licences. As of 2020, all the company’s assets and activities are based in Norway and within the Norwegian offshore tax regime. OUR ASSETS arstad AND OFFICES andnessen ar Trondei lei orne taaner ar asen oan erdrp operated inor laTaar alallod · ESG IN AKER BP SUSTAINABILITY REPORT 2020 Aker BP’s Sustainability report 2020 describes the ESG in Aker BP company’s management approach and performance to environment, social and governance. -
Candidates Nominated to the Board of Directors in Gjensidige Forsikring ASA
Office translation for information purpose only Appendix 18 Candidates nominated to the Board of Directors in Gjensidige Forsikring ASA Per Andersen Born in 1947, lives in Oslo Occupation/position: Managing Director, Det norske myntverket AS Education/background: Chartered engineer and Master of Science in Business and Economics, officer’s training school, Director of Marketing and Sales and other positions with IBM, CEO of Gjensidige, CEO of Posten Norge and Managing Director of ErgoGroup, senior consultant to the CEO of Posten Norge, CEO of Lindorff. Trond Vegard Andersen Born in 1960, lives in Fredrikstad Occupation/position: Managing Director of Fredrikstad Energi AS Education/background: Certified public accountant and Master of Science in Business and Economics from the Norwegian School of Business Economics and Administration (NHH) Offices for Gjensidige: Member of owner committee in East Norway Organisational experience: Chairman of the Board for all FEAS subsidiaries, board member for Værste AS (regional development in Fredrikstad) Hans-Erik Folke Andersson Born in 1950, Swedish, lives in Djursholm Occupation/position: Consultant, former Managing Director of insurance company Skandia, Nordic Director for Marsh & McLennan and Executive Director of Mercantile & General Re Education/background: Statistics, economy, business law and administration from Stockholm University Offices for Gjensidige: Board member since 2008 Organisational experience: Chairman of the Board of Semcon AB, Erik Penser Bankaktiebolag and Canvisa AB and a board member of Cision AB. Per Engebreth Askildsrud Born in 1950, lives in Jevnaker Occupation/position: Lawyer, own practice Education/background: Law Offices for Gjensidige: Chairman of the owner committee Laila S. Dahlen Born in 1968, lives in Oslo Occupation/position: Currently at home on maternity leave. -
View Annual Report
ANNUAL REPORT 2015 www.bakkafrost.com Faroese Company Registration No.: 1724 TABLE OF CONTENTS Table of Contents Chairman’s Statement 4 Statement by the Management and the Board of Directors 6 Key Figures 10 Bakkafrost’s History 12 Group Structure 16 Operation Sites 20 Main Events 22 Operational Review 24 Financial Review 28 Operational Risk and Risk Management 38 Financial Risk and Risk Management 42 Outlook 44 Business Review 46 Business Objectives and Strategy 62 BAKKAFROST 2 ANNUAL REPORT 2015 TABLE OF CONTENTS Operation 64 Health, Safety and the Environment 68 Shareholder Information 70 Directors’ Profiles 72 Group Management’s Profiles 76 Other Managers’ Profiles 78 Corporate Governance 80 Statement by the Management and the Board of Directors on the Annual Report 81 Independent Auditor’s Report 82 Bakkafrost Group Consolidated Financial Statements 84 Table of Contents – Bakkafrost Group 85 P/F Bakkafrost – Financial Statements 133 Table of Contents – P/F Bakkafrost 134 Glossary 147 BAKKAFROST 3 ANNUAL REPORT 2015 CHARIMAN’S STATEMENT Chairman’s Statement Bakkafrost has in recent years grown into one of the largest companies in the Faroe Islands. Our aim to run Bakkafrost responsibly and sustainably is important to our entire stakeholders, i.e. employees, shareholders and society. Bakkafrost has a growth strategy of creating sustainable values and not just short-term gains. This strategy demands daily awareness of opportunities and threats to our operations from both the board, the management and the employees. RÚNI M. HANSEN Chairman of the Board 810 million (DKK) The result after tax for 2015 BAKKAFROST 4 ANNUAL REPORT 2015 CHARIMAN’S STATEMENT March 2015 marked the five years’ milestone since Bakka- commence production in 2016, and our processing opera- frost was listed on Oslo Stock Exchange. -
Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT -
Statoil ASA Statoil Petroleum AS
Offering Circular Statoil ASA (incorporated with limited liability in the Kingdom of Norway) Notes issued under the programme may be unconditionally and irrevocably guaranteed by Statoil Petroleum AS (incorporated with limited liability in the Kingdom of Norway) €20,000,000,000 Euro Medium Term Note Programme On 21 March 1997, Statoil ASA entered into a Euro Medium Term Note Programme (the Programme) and issued an Offering Circular on that date describing the Programme. The Programme has been subsequently amended and updated. This Offering Circular supersedes any previous dated offering circulars. Any Notes (as defined below) issued under the Programme on or after the date of this Offering Circular are issued subject to the provisions described herein. This does not affect any Notes issued prior to the date hereof. Under this Programme, Statoil ASA (the Issuer) may from time to time issue notes (the Notes) denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). The Notes may be issued in bearer form or in uncertificated book entry form (VPS Notes) settled through the Norwegian Central Securities Depositary, Verdipapirsentralen ASA (the VPS). The maximum aggregate nominal amount of all Notes from time to time outstanding will not exceed €20,000,000,000 (or its equivalent in other currencies calculated as described herein). The payments of all amounts due in respect of the Notes issued by the Issuer may be unconditionally and irrevocably guaranteed by Statoil Petroleum AS (the Guarantor). The Notes may be issued on a continuing basis to one or more of the Dealers specified on page 7 and any additional Dealer appointed under the Programme from time to time, which appointment may be for a specific issue or on an ongoing basis (each a Dealer and together the Dealers). -
Ellertsen Andre.Pdf (1.975Mb)
UIS BUSINESS SCHOOL MASTER’S THESIS STUDY PROGRAM: THESIS IS WRITTEN IN THE FOLLOWING SPECIALIZATION/SUBJECT: Business Administration – Master of Science Applied Finance IS THE ASSIGNMENT CONFIDENTIAL? The assignment is not confidential (NB! Use the red form for confidential theses) TITLE: Valuation of Aker BP ASA AUTHOR(S) SUPERVISOR: Bernt Arne Ødegaard Candidate number: Name: 3091 André Ellertsen 1 Executive summary The valuation will determine the fair value of Aker BP’s equity as of January 1st, 2020, using a fundamental approach. In addition, relative valuation will be included as a supplement. The valuation is done as of January 1st because of the ongoing COVID-19 pandemic, which has influenced multiple aspects of the global markets, like oil prices, demands and interest rates. The first part of this thesis consists of an introduction of the company and its surrounding environment. Further follows relevant theory of valuation, and an explanation for choice of method. Next a strategic analysis of the company’s internal and external environment is conducted to reveal the company’s level of competitiveness. Further in the thesis the company’s financial statements are presented and explained, and a risk analysis is conducted to uncover potential short-term or long-term payment failure. Next, Future cashflows are estimated based on findings from the strategic analysis and presented along with a justification. Based on the future cashflows, and estimated WACC, a fundamental valuation is done to estimate the value of Aker BP ASA. Lastly, the valuation is combined with a value estimated from a comparative valuation approach, and a brief conclusion is given. -
The Supervisory Board of Gjensidige Forsikring ASA
The Supervisory Board of Gjensidige Forsikring ASA Name Office Born Lives in Occupation/position Education/background Organisational experience Bjørn Iversen Member 1948 Reinsvoll Farmer Degree in agricultural economics, Head of the Oppland county branch of the the Agricultural University of Norwegian Farmers' Union 1986–1989, Norway in 1972. Landbrukets head of the Norwegian Farmers' Union sentralforbund 1972–1974, Norges 1991–1997, chair of the supervisory board Kjøtt- og Fleskesentral 1974–1981, of Hed-Opp 1985–89, chair/member of the state secretary in the Ministry of board of several companies. Agriculture 1989–1990. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Hilde Myrberg Member 1957 Oslo MBA Insead, law degree. Deputy chair of the board of Petoro AS, member of the board of CGGVeritas SA, deputy member of Stålhammar Pro Logo AS, member of the nomination committee of Det Norske ASA, member of the nomination committee of NBT AS. Randi Dille Member 1962 Namsos Self-employed, and Economics subjects. Case Chair of the boards of Namsskogan general manager of officer/executive officer in the Familiepark, Nesset fiskemottak and Namdal Bomveiselskap, agricultural department of the Namdal Skogselskap, member of the board Namsos County Governor of Nord- of several other companies. Sits on Nord- Industribyggeselskap and Trøndelag, national recruitment Trøndelag County Council and the municipal Nordisk Reinskinn project manager for the council/municipal executive board of Compagnie DA. Norwegian Fur Breeders' Namsos municipality. Association, own company NTN AS from 1999. Benedikte Bettina Member 1963 Krokkleiva Company secretary and Law degree from the University of Deputy member of the corporate assembly Bjørn (Danish) advocate for Statoil ASA. -
Gjensidige Bank Investor Presentation Q1 2017
Gjensidige Bank Investor Presentation Q1 2017 4. May 2017 Disclaimer The information contained herein has been prepared by and is the sole responsibility of Gjensidige Bank ASA and Gjensidige Bank Boligkreditt AS (“the Company”). Such information is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws. The information and opinions presented herein are based on general information gathered at the time of writing and are therefore subject to change without notice. While the Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. These materials contain statements about future events and expectations that are forward-looking statements. Any statement in these materials that is not a statement of historical fact including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. -
Maersk Drilling Fleet Status Report
Maersk Drilling Fleet Status Report 20 November 2020 Changes to Fleet Status Report Fleet Status Report, 20 November 2020 | p. 2 Commercial activity in Q3 2020: Maersk Integrator Awarded one-well contract with Aker BP in Norway in direct continuation of the rig’s current work scope with an estimated duration of 73 days. The contract is expected to commence in February 2021 and has a firm value of approximately USD 18.5m, excluding integrated services provided and a potential performance bonus.(1) Maersk Resilient Maersk Drilling has agreed with Serica Energy UK to defer the commencement of the drilling programme under the rig’s original contract to a window between March and July 2021.(1) Maersk Integrator Awarded one-well contract with Aker BP in Norway in direct continuation of the rig’s current work scope with an estimated duration of 85 days. The contract is expected to commence in April 2021 and has a firm value of approximately USD 21.6m, excluding integrated services provided and a potential performance bonus. Maersk Convincer Awarded extension with Brunei Shell Petroleum Company Sdn. Bhd. offshore Brunei Darussalam in direct continuation of the rig’s current work scope with an estimated duration of 602 days. The extension is expected to commence in May 2021 and has a firm value of approximately USD 47m, excluding a potential performance bonus. Maersk Resilient/ Maersk Drilling and Dana Petroleum Denmark B.V. have agreed to defer the previously announced one-well contract in the Danish sector of the North Sea which was originally expected to commence in May 2020.