The learning games within Marvel’s collection are now available on Kahoot! as part of the Kahoot! Academy content offering, covering a diverse range of subjects and topics – including natural sciences, physical sciences, math, STEM, history, language learning, sports science and more. Launched in June 2020, Kahoot! Academy is a brand-new knowledge platform, online community, and marketplace which allows educators and publishers, such as Marvel, to share and access content and build learner and educator communities to further advance teaching and learning methods. All Kahoot! Academy content is available on Kahoot!.
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IMF Staff Country Reports: Norway : Financial System Stability Assessment-Press Release; and Statement by the Executive Director for Norway
Much of the work of the Financial Sector Assessment Program (FSAP) was conducted prior to the COVID-19 pandemic, with the missions ending on February 13, 2020. Given the FSAP’s focus on medium-term challenges and vulnerabilities, however, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent. The report was updated to reflect key developments and policy changes since the mission work was completed. It also includes a risk analysis that quantifies the possible impact of the COVID-19 crisis on bank solvency. Since the previous FSAP in 2015, the Norwegian authorities have taken welcome steps to strengthen the financial system. Regulatory capital requirements for banks were raised and actions were taken to bolster the weak capital position of insurers. Alongside other macroprudential measures, temporary borrower-based measures for residential mortgages were introduced, which seem to have had some moderating impact on segments of the housing market. The resolution framework was also strengthened, with the implementation of the Bank Recovery and Resolution Directive (BRRD) and the designation of Finanstilsynet (FSA) as the resolution authority.
Press Release: Former US Embassy Oslo DCM Jim DeHart Appointed U.S. Coordinator for the Arctic Region
The Department of State has appointed Jim DeHart as the U.S. Coordinator for the Arctic Region. Serving as the principal advisor to the Secretary and the Deputy Secretary on all Arctic matters, DeHart will lead and coordinate the Department’s policy-making and diplomatic engagement on Arctic-related issues to advance U.S. interests in the region related to safety and security, sustainable economic growth, and cooperation among Arctic States to support and strengthen the rules-based order in the region.
Mr. DeHart holds the rank of Minister Counselor and is a 28-year career member of the Senior Foreign Service. He most recently served as the Senior Advisor for Security Negotiations and Agreements from 2019-2020, where he led the negotiation of status of forces, defense cooperation, and burden-sharing agreements worldwide. Mr. DeHart served previously as Deputy Chief of Mission in Oslo, Norway, with extended periods as Chargé d’Affaires. He brings significant experience in regional security, civilian-military cooperation, and international negotiations. A hallmark of his career has been close collaboration with U.S. allies and partners to advance our shared interests and values.
The United States plays a critical leadership role on Arctic issues within the international community and remains committed to ensuring a peaceful region where U.S. interests are safeguarded, the U.S. homeland is protected, and Arctic States work cooperatively to address shared challenges. The Department of State works across the federal government and with state and local government and Arctic indigenous communities to maintain U.S. leadership in the region to ensure a safe, secure, and prosperous future for all Arctic peoples. The appointment of Jim DeHart reaffirms the commitment of the United States to that mission.
Bloomberg: Norway’s Deep Cuts to Oil Loadings to Curb Atlantic Basin Crude
Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country will do its bit toward helping the producer alliance to avert a global glut of crude.
Norway’s main oil loadings will drop by 261,000 barrels a day in September, according to shipping schedules seen by Bloomberg. The nation’s giant new Johan Sverdrup grade will account for about two-thirds of the slump in cargoes. That makes the country by far the biggest contributor to a month-on-month drop in exports from producers in the Atlantic Basin who have so far released their advance cargo-loading programs.
Joint Press Statement from U.S. Secretary of Commerce Wilbur Ross and European Commissioner for Justice Didier Reynders
The U.S. Department of Commerce and the European Commission have initiated discussions to evaluate the potential for an enhanced EU-U.S. Privacy Shield framework to comply with the July 16 judgment of the Court of Justice of the European Union in the Schrems II case. This judgment declared that this framework is no longer a valid mechanism to transfer personal data from the European Union to the United States.
The European Union and the United States recognize the vital importance of data protection and the significance of cross-border data transfers to our citizens and economies. We share a commitment to privacy and the rule of law, and to further deepening our economic relationship, and have collaborated on these matters for several decades.
As we face new challenges together, including the recovery of the global economy after the COVID-19 pandemic, our partnership will strengthen data protection and promote greater prosperity for our nearly 800 million citizens on both sides of the Atlantic.
Institutional Investor: Why Did a Hedge Fund Manager Worth $700 Million Take a $630,000-a-Year Job Managing an Oil Fund?
At 3:00 in the afternoon on Thursday, November 14, a small group of the world’s most powerful people prepared to board two chartered airplanes in two separate European capitals.
They were headed for Philadelphia for a weekend-long event that had been several years in the making for its creator, Nicolai Tangen, the Norwegian founder of one of Europe’s most successful hedge funds, London-based AKO Capital.
“You are all exceptional,” Tangen wrote in the program for the event. “You all want to extend your range and open your minds. But, like me, you may not always have sufficient time in your daily lives to do this, which is why I have had to whisk you away to learn not only from some of the world’s most inspiring speakers and professors, but also from each other.”
Forbes: Norway Clamps Down As Coronavirus Cases Rise, Face Masks A Possibility
Following a rise in positive COVID-19 tests over the last two weeks, the Norwegian government has extended its emergency measures and introduced some new restrictions.
Ban on large events, late-night alcohol
The maximum limit of 200 people at events is to be retained, as will the ban on grass-roots sports. There is also a new a nationwide ban on alcohol serving after midnight in bars and pubs until further notice. “There is a connection between alcohol consumption and how you behave,” said Norway’s prime minister Erna Solberg to Dagbladet.
Travelers arriving in Norway from so-called “red” countries will be required to wear face masks until their reach their home. In addition, the government is now advising against all unnecessary travel outside Norway.
SSB: Manufacturing turnover fell sharply in the second quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. On a monthly basis however, from May to June 2020, the manufacturing turnover increased by 2.5 per cent.
Three-month change: refined petroleum, chemicals and pharmaceuticals decreases manufacturing turnover
Seasonally-adjusted figures show that the turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. This is the biggest decline in a quarter measured in this statistics which goes back to 1998.
The industry grouping refined petroleum, chemicals and pharmaceutical products contributed the most to the negative development with its decline of 22 per cent in the period. Building of ships and oil platforms also contributed negative with a reduction of 21 per cent in the period.
KelloggInsight: What Astronauts Can Teach Us about Working Remotely
What happens to teamwork during extended periods of isolation and confinement?
While that sounds like a question tailored for much of today’s housebound workforce, it’s actually a research topic that professors Noshir Contractor and Leslie DeChurch have studied in an entirely different context: space travel.
The researchers never thought “that we would be drawing conclusions from space teams to our teams here on Earth,” DeChurch says.
But they did just that during a recent webinar from Kellogg Executive Education. Contractor, a professor of management and organizations at Kellogg, and DeChurch, a professor in Northwestern’s School of Communication, discussed their research with NASA, and shared some insights that workers and leaders can use to help remote teams function cohesively.
Press Release: Anders Opedal taking over as president and CEO of Equinor from 2 November 2020
Anders Opedal taking over as president and CEO of Equinor from 2 November 2020
August 10, 2020 06:58 CEST | Last modified August 10, 2020 08:30 CEST
The Board of Directors of Equinor (OSE: EQNR, NYSE: EQNR) has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company.
“The Board is proud to present Anders Opedal as our next CEO. Equinor is entering a phase of significant change as the world needs to take more forceful action to combat climate change. The board’s mandate is for Anders to accelerate our development as a broad energy company and to increase value creation for our shareholders through the energy transition,” says Jon Erik Reinhardsen, Chair of the Board of Directors in Equinor.
Anders Opedal comes from the position as Executive Vice President Technology, Projects and Drilling. He joined Equinor as a petroleum engineer in 1997, spent many years in Drilling and Well and served as Chief Procurement Officer. In 2011, he was chosen to lead Equinor’s approximately NOK 300 billion project portfolio. He later served as Executive Vice President and Chief Operating Officer before taking the role as Senior Vice President and country manager Brazil. Opedal holds a Master’s degree in Engineering from The Norwegian Institute of Technology (NTNU) and an MBA from Heriot-Watt University in Edinburgh.
“Anders Opedal has deep knowledge of and broad experience from the energy sector. He has risen through the ranks of Equinor and has demonstrated outstanding leadership and consistently delivered results exceeding expectations. As the first engineer to become CEO he is passionate about technology, digitalisation and industrial development. A unanimous Board is confident that Anders is the right person to further develop Equinor as a force in the green shift, and together with our dedicated people, further strengthen the company culture and our safety performance,” Jon Erik Reinhardsen says.
“I am honoured and proud to take over the responsibility as CEO. I am confident in Equinor and all our people, and in our ability to change and continue creating long-term value for our shareholders also in a low carbon future. We have a great starting point for what will be a massive transition with our strong assets, outstanding competence, technology and innovation skills, and we have highly engaged people and strong values to guide us in this process. Together, we will accelerate the development of Equinor as a broad energy company and our growth within renewables,” says Anders Opedal.
“I really look forward to take on the role as CEO. I will use the time until I take over to prepare and plan for this great company’s future. And I will take the opportunity to engage and listen, both to the organisation and external stakeholders to get their valuable perspectives before setting the direction for my leadership for a new time,” Opedal says.
The Equinor Board of Directors have systematically and continuously worked with CEO succession planning, considering and assessing a diverse set of male and female candidates throughout this process.
Eldar Sætre turns 65 years early next year and indicated before summer to the Board that this could be a natural point of retirement. This allowed the Board to plan a stepwise transition process to give a new CEO time to prepare for taking over the role.
Opedal will take over the position as president and CEO from 2 November and Eldar Sætre will be available to advise the new CEO until he retires from the company 1 March 2021.
“Eldar has dedicated his whole career to Equinor since joining the company at the age of 24. As CEO since 2014, Eldar has developed Equinor as a broad and more global energy company. He took over as CEO at a time when the oil price saw a dramatic downturn. Thanks to his leadership and strong performance across the organisation, Equinor is today a safer, stronger and more competitive company, well positioned to thrive in the energy transition. The name change from Statoil to Equinor reflects the company’s reorientation and will forever stand as an important milestone during Eldar’s tenure. The Board is grateful for Eldar’s leadership, achievements and long commitment to the company,” says Jon Erik Reinhardsen.
“I have spent my entire working life in Equinor. I love this company and it has been the utmost privilege to work with all the great people in Equinor for the last four decades. I am very proud of what we have achieved together. Thanks to the relentless efforts from competent and dedicated people across the company, Equinor is today a stronger and more competitive company, better prepared for a low carbon future than ever. I know Anders well, and I am confident that he is the right person to lead the company during the next phase of the energy transition,” says Eldar Sætre, CEO of Equinor.
Anders Opedal will establish a transition team and prepare to take over as CEO from 2 November. Effective immediately, Opedal will step out of his role as EVP Technology, Projects and Drilling and Geir Tungesvik will step into the role as acting EVP. Until commencement of the role as CEO, Opedal will be Executive Vice President reporting to the CEO and be part of the Corporate executive committee.
Anders Opedal will receive a base salary of 9,1 million NOK. He will participate in the variable pay schemes within the framework previously established for the CEO role. His annual variable pay target will be 25% (maximum 50%) and long-term incentive 30% of base salary. The pensionable salary will be capped at 12 G. He will receive a fixed salary addition of 18% of base salary in lieu of pension contribution above 12G.
CV Anders Opedal:
Executive Vice President Technology, Projects and Drilling, Equinor
2018-Present
Executive Vice President, Development and Production, Brazil, Equinor
Senior Vice President, Development and Production International, Brazil, Equinor
2017-2018
Executive Vice President and Chief Operating Officer, Equinor
2015-2016
SVP Projects, Technology, Projects and Drilling, Equinor
2010-2015
SVP Chief Procurement Officer, Technology, Projects and Drilling Equinor
2007-2010
Several Leadership Positions Equinor
2003-2007
Petroleum Engineer, and Sector Leader, Equinor
1997-2003
Log Analyst and Well Site Logging Engineer, Schlumberger and Baker Hughes Inteq.
1992-1997
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Press conference:
Equinor invites to a press conference.
Time: Monday 10 August at 12.00 CET
Place: Equinor’s offices at Fornebu, Martin Linges vei 33 (main entrance)
Chair of the Board Jon Erik Reinhardsen, announced new CEO Anders Opedal and CEO Eldar Sætre will participate at the press conference.
Due to Covid-19 restrictions, there will be limited space at the press conference. Please register to participate by Monday 10 August at 11.00 to Elisabeth Bruksås (elbru@equinor.com).
The press conference can also be followed on webcast at www.equinor.com or participate via Zoom by registering at this link:
https://zoom.us/meeting/register/tJAqde2qrD8iH9xsLdDQNoBr0benp_YemCyh
After registering, you will receive a confirmation email containing information about joining the meeting.
We ask all visitors to follow Covid-19 related government advice, and we also remind you that Equinor is practicing two meters distance when seated and one meter when walking in Equinor’s offices. Visitors are expected to practice good hand hygiene and to stay at home if experiencing symptoms.
Further information from:
Investor relations:
Peter Hutton, senior vice president, Investor Relations,
+44 7881 918792 (mobile)
Press:
Bård Glad Pedersen, vice president, Media Relations,
+47 918 01 791 (mobile
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act