Oslo Stock Exchange opens down – OBI Online

Oslo Stock Exchange opens down Thursday morning.

In just over 20 minutes’ trade is the main index of 577.34, down 1.33 per cent, and it is so far sold shares for NOK 298 million.

Oil prices

Brent oil falls Thursday 0.82 percent to $ 39.72 a barrel, while WTI oil is down 1.15 percent to $ 37.88 a barrel.

in comparison, a barrel of North Sea oil traded at $ 40.24 a barrel at the close of trading on Wednesday.

Brent oil peaked according to Bloomberg News and TDN Finans out Wednesday afternoon, right after the announcement of the weekly figures from the US authorities.

They showed that crude oil inventories rose 2.3 million barrels in the week leading up to 25 March, the expected increase of 3.1 million barrels. This is the seventh week in a row with an increase in crude oil stocks.

The news agency notes that oil prices are up about 12 percent in March on speculation that the oversupply in the market will result in lower production from the United States.

– the rally was exaggerated and the expectation is a further moderation of prices, says chief strategist at CMC Markets, Michael McCarthy, to Bloomberg News.

It also appears that, according to Ecuador’s oil minister Carlos Parejo will Ecuador and Venezuela support a production cut at the meeting between the major exporters in Doha on 17 April.

Parts 5 billion.

Statoil falling 2.27 percent to 128.90 kroner. Oil giant allocated in 2012 contracts for four years with three options of two years to Archer, KCA Deutag and Odfjell. Thursday morning reports that the extension agreements with suppliers, with the exercise of the first option.

Statoil estimates that the contract value for the coming two-year period total could constitute up to five billion crowns.

Archer rises entire 27.76 percent to 3.82 million at the news, while Odfjell Drilling is up 0.86 percent to 5.89 million.

Major contract

Norwegian has signed deal with all regional health authorities in Norway, which means that Norwegian is the first choice for patients traveling on 13 of the most important domestic airlines.

the agreement takes effect on April 1 and is for four years. Health trusts flying domestically in Norway for approximately 350 million per year.

Norwegian falling 1.32 percent to 314.20 kroner.

Finance

Norwegian Forest reported Thursday that they have completed a new facility with GSO and Cyrus of up to 100 million euros in funding.

This will only be used to replace Sparebank 1 Gruppen Finans AS-factoring agreements and to finance working capital cost and other operational liquidity needs of the company’s plants.

the company also reports that it has received subscriptions for 63,460,714 new shares at a subscription price of NOK 2.24 in the share issue directed at GSO and Cyrus. The total proceeds from the private placement 142,150,000 respectively.

Norwegian Skog shares climb 2.56 percent to 2.00 million.

New Market

Gaming Innovation Group Inc. (GIG) has signed an agreement with a German operator. It is the company’s first customer in the German market.

The launch is expected in Q2 2016, and the agreement has an estimated annual value of approximately 800,000 euros.

The share climbs 6.23 percent to 3.92 million.

Hams Wooden stocks

Watrium AS has acquired 5,000,000 shares in Weifa at a price of 1.00 million.

the company is represented in Weifa board through Kristin LA Wilhelmsen, and after the transaction own 12.1 percent of all shares in Weifa.

Weifa rising 4.00 per cent to 1.04 million.