Coronavirus: Tech firms’ donations just 0.2% of profits stashed offshore, research finds – The Independent

Technology companies' generous donations to help tackle the coronavirus represent just 0.2 per cent of the $571bn of profits they have moved into tax havens, research has found.

Companies including Google, Facebook, and Intel have been praised for pledging around $1.2bn of cash and other donations in recent weeks.

Apple has donated 20 million face masks and made $15m in contributions while Facebook has announced more than $135m of funding, including donations to journalists to disseminate reliable information about the virus.

Sharing the full story, not just the headlines

Tax Watch UK, a campaigning think tank, said all of the donations were welcome. However, it calculated that the total commitments amount to a small fraction of the tax those companies have avoided paying.

Tax Watch used figures from a study by the Institute on Taxation and Economic Policy (ITEP) which show that eight of America's biggest tech firms - Google, Cisco, Apple, Facebook, Microsoft, Intel, Nvidia and Adobe - had moved $571bn into low or zero-tax jurisdictions like Bermuda by late 2017.

This date was used as it coincided with major reforms in the US which handed companies tax breaks to encourage them to bring their profits back to America rather than stash them offshore. Up until then, many US stock market listed companies regularly reported the amount of cash they held offshore, much of which represents profits they made on non-US markets.

Companies continue to move profits offshore from non-US markets, including the UK, but how they report this has changed, making it more difficult to precisely quantify.

According to ITEP, Apple had the largest offshore cash pile at $246bn, followed by Microsoft with $142bn and Cisco with $66bn. Google's parent company Alphabet has been by far the most generous in its Covid-19 crisis support, pledging $800m, but it had amassed $61bn in offshore profits by October 2017.

Intel, which has announced $60m of coronavirus aid, had $46.4bn held offshore while Adobe, which has donated $3m, had $4.2bn offshore.

If all of that money had been taxed at the full federal corporation tax rate which was then 35 per cent, the companies would have handed over $199bn in tax. In reality, most firms take advantage of various tax breaks granted to them by the US government so their effective rate is lower than 35 per cent.

No hype, just the advice and analysis you need

Since Donald Trump's tax reforms were passed, many American companies have subsequently repatriated some or all of their their profits that had previously been held offshore, taking advantage of a one-off lower tax rate of 15.5 per cent.

George Turner, director of TaxWatch, said: Any donation is of course valuable and welcome, but these figures do highlight that health services around the world would be better served if tech companies simply paid their taxes in normal times.

This data highlights the need for governments to continue their efforts to reform the international tax system and ensure that tech companies can no longer avoid paying taxes in the countries where their profits are made.

Companies are coming under additional scrutiny over their tax practices during the coronavirus pandemic as governments implement huge, publicly funded measures to prop up economies and save jobs.

Fair Tax Mark, an organisation that assesses and accredits companies which pay their fair share, is calling on the UK government to attach strings to any potential corporate bailouts that may be required.

Under the proposals, any company which is bailed out using public funds would have to sign up to a binding commitment that explicitly shuns tax avoidance and the artificial use of tax havens.

Bailed out firms would have to commit to declaring profits where the economic activity that generated them took place, and multinationals would be required to report profits on a country-by-country basis.

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Coronavirus: Tech firms' donations just 0.2% of profits stashed offshore, research finds - The Independent

Avoid Diamond Offshore Even After A Big Correction – Seeking Alpha

Article Overview

In one of the most challenging times for the energy industry, the focus of companies is not on growth, but on survival.

If we look at the broad energy industry, Whiting Petroleum Corporation (WLL) is the first major casualty with the company filing for bankruptcy. In my personal opinion, Chesapeake Energy (CHK) is not far behind.

Therefore, the sentiment related to the industry is bearish and this has translated into several stocks being oversold. This creates some trading opportunities, but investors need to be cautious.

Among stocks that have witnessed a sharp decline, Diamond Offshore (DO) has plummeted by 87% from 52-week highs of $12.64 and currently trades at $1.64. The stock can witness some trading bounce back. However, I remain bearish on Diamond Offshore.

This article will discuss the concerns that translate into a negative view on the stock even after the big decline.

Talking about survival, I would first look at the company's balance sheet and cash flow. Starting from the EBITDA level, Diamond Offshore reported an EBITDA of $247 million in 2018 and the company's EBITDA declined to $74 million in 2019.

Diamond Offshore has further mentioned in their annual report that cash flow for 2020 is likely to be negative. In all probability, the company will report operating level loss for 2020. The concern here is that the company has $2.0 billion in long-term debt. With losses at operating level, the company is likely to service debt through additional debt.

The positive point is that Diamond Offshore has $250 million in debt maturity in 2023 and $500 million in debt maturity in 2025. The remaining debt maturity comes on or after 2039. Therefore, the company faces no immediate debt refinancing pressure.

Another positive is that the company has $1.2 billion in undrawn credit facility. Even if we leave out the $250 million credit facility maturing in October 2020, the company still has $950 million in undrawn facility. In addition, balance sheet cash as of December 2019 was at $156 million. This will provide liquidity for debt servicing and maintenance capital expenditure through 2020.

However, this is not enough to boost investor confidence. The factor that will boost investor confidence is a relatively strong growth in order backlog. I don't see that coming through 2020 and potentially in 2021.

To put things into perspective, Diamond Offshore reported an order backlog of $1.6 billion as of December 2019. The backlog is front end loaded with $802 million of order executing in 2020 and $486 million in backlog for 2021.

Even with $802 million in backlog for the year, the company is expecting negative cash flows. Therefore, if Diamond Offshore has to return to operating level profit and positive cash flows in 2021, the backlog growth has to be significant.

With oil & gas companies scaling down on their investment plans, it seems unlikely that backlog growth will be strong through the year. My point is underscored by the fact that for 2019, Diamond Offshore reported order backlog growth of $620 million.

With significantly more challenging conditions, it would be optimistic to expect a backlog growth of even $600 million. Therefore, in all probability, Diamond Offshore will burn cash even in 2021. This concern will keep the stock subdued.

One factor that can take Diamond Offshore higher is a significant rise in oil prices in the next 12-18 months. I believe that there is a case for higher oil prices considering the following factors:

First, oil at $30 or $40 per barrel will hurt Russia, Saudi Arabia and the United States, among several other countries. With the COVID-19 already wreaking havoc, it's likely that oil producers will soon agree on production cut. This can take oil above $40 per barrel and potentially near $50 per barrel.

Second, China is already crawling back to normalcy after COVID-19. The same will hold true for other economies in the world. Once there is renewed economic growth and demand for oil, prices will trend higher. However, I don't expect strong economic recovery in 2020. It's only likely into 2021.

I also want to mention here that there is a significant amount of proven reserves in offshore deep-water and offshore.

This, coupled with the fact that offshore break-even price is on a decline, makes the outlook relatively positive for Diamond Offshore in the long term.

Of course, EBITDA margin is unlikely to be robust as it was few years before. However, orders will flow for companies like Transocean (RIG) and Diamond Offshore. The key factor for now is to reduce cost and battle for survival.

There is no doubt that Diamond Offshore has a high quality fleet. However, the company's liquidity and order backlog are a concern for the foreseeable future.

The backlog needs to grow and the company needs to show profit at operating level for the stock to witness any sustained rally.

For now, there can be strong bounce backs from oversold levels followed by renewed correction. Long-term investors can therefore avoid the stock even after the deep correction in 2020.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Avoid Diamond Offshore Even After A Big Correction - Seeking Alpha

New licensed offshore acreage likely to fall by about 60%, consultant warns – Offshore Oil and Gas Magazine

Offshore staff

OSLO, Norway More than half of the worlds planned licensing rounds are likely to be canceled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, according to Rystad Energy.

New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels.

This year was slated to be another remarkable year for exploration with about 45 countries launching at least 52 lease rounds, about 60% of them in offshore areas, the consultant claimed. The decline in the expected number of lease rounds compared to last years 69 was not a sign of fewer countries offering new licenses, but a result of several countries offering multiple rounds in 2019, including Brazil, Ukraine, India, and the US.

In its analysis, Rystad Energy has evaluated the rounds and distributed them in three categories: likely, tentative, and unlikely to take place.

Aatisha Mahajan, Rystad Energys senior upstream analyst, said: The unlikely upcoming lease rounds represent around 54% a worrisome sign for global exploration. A number of factors together make these rounds unlikely to go ahead, including the oil price drop, a global cut in investments by almost 20%, a lack of skilled manpower due to the Covid-19 pandemic, fiscal regimes that are proving unattractive in the current environment, and a lack of interest among potential participating companies.

In Europe, unlikely rounds are in UK, Ukraine, Romania, and Germany. In South America, rounds in Colombia, Brazil, Ecuador and the Dominican Republic may not go ahead, while in Asia rounds in Thailand, Uzbekistan, Myanmar and the UAE may be put on hold. New Zealand is also in doubt, and in Africa, licensing rounds in Ivory Coast, Algeria, Tanzania, Senegal, Somalia, Liberia, Ghana, Equatorial Guinea, Angola, South Sudan, and Nigeria may also be put on hold.

The US, Suriname, Egypt, Russia, and China make up the list of countries where licensing rounds hang in the balance and are marked as tentative. The US recently concluded its Lease Sale 254 in the Gulf of Mexico with digital technology playing a big role and the sale process was streamed live.

Suriname is developing into a hotspot for global exploration with two major discoveries in recent months. Riding on these successes, the South American nation might be able to go ahead and conclude a successful round. However, economics will play a role depending on how the future oil price is formulated for the participating companies, the consultant said.

Egypt is a very prospective region and has open-door licensing, under which companies with significant free cash flow might be willing to participate. Russia and China both have local players as the common bidders in licensing rounds and might therefore still go ahead with their scheduled rounds.

Licensing rounds that are likely to go ahead include countries such as Malaysia, Trinidad and Tobago, Norway, India, Lebanon, and Canada. These countries look well on track to continue their lease rounds as scheduled, although the current industry volatility could cause slight delays. India is planning to combine the OALP (Open Acreage Licensing Policy) with Round 5&6, and these blocks will be up for grabs in July.

Canada plans to go ahead with its offshore Labrador region. Trinidad and Tobago is riding on its significant exploration success having discovered around 400 MMboe in 2019 and seems to be better placed with interested parties among the active players in the region combined with a mild outbreak of COVID-19 so far.

Norway intends to proceed with its annual awards in pre-defined areas (APA) round of all mature, unlicensed acreage, and has proposed adding 36 deepwater Norwegian Sea blocks to the available area.

Eight of the initially expected 52 licensing rounds have already been completed, in Barbados, Canada (C-NLOPB 2020), the US (Lease Sale 254), Gabon, Pakistan, Oman, Australia, and Republic of the Congo.

We expect to see a large drop in awarded acreage this year compared with 2019. In percentage terms, the drop in offshore acreage could match the nearly 60% decline seen from 2014 to 2015, while awarded onshore acreage could shrink by almost one-third compared with a 16% drop after the previous downturn, Mahajan added.

As the decline comes from a lower level than it did in 2014, the consultant expects that global awarded acreage is likely to fall below 2015 levels this year, while staying above the level seen in 2016. All will depend on global oil and gas companies budgets and their appetite to take on new risk and exploration commitments in the current market environment.

04/14/2020

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New licensed offshore acreage likely to fall by about 60%, consultant warns - Offshore Oil and Gas Magazine

Eastern Shipbuilding to build second Coast Guard offshore patrol cutter – WorkBoat

Last week, Eastern Shipbuilding Group (ESG) announced that the U.S. Coast Guard had executed a contract modification to build the second offshore patrol cutter (OPC) and for long lead time materials for the third OPC. Eastern successfully completed a Production Readiness Review (PRR) in February.

Today represents not only the continuation of production for the Coast Guards future replacement of their 210-foot and 270-foot-class medium endurance cutters, but also an important step in the continuing recovery of northwest Florida and ESG post-Hurricane Michael, Easterns President Joey DIsernia said in a statement. Looking back on the condition of our shipyard and our community immediately post-Michael in comparison to how far we have come, I could not be more proud of our team for what we have accomplished to date. We are excited about the future of this program and will continue to work diligently with our vendor network from 29 other states to produce high quality, highly capable vessels for the men and women of the Coast Guard.

After Hurricane Michael, Panama City, Fla.-based Easternsubmitted a request on June 30, 2019, for extraordinary relief after its shipbuilding facilities sustained significant damages from Michael, a Category 5 storm, in October 2018.

The Department of Homeland Security, in coordination with the Coast Guard, granted extraordinary relief to ESG for work on the OPC contract in October 2019. Contract relief was limited to the first four hulls on the basis that ESGs performance on the OPC contract is vital to the national defense.

In 2016, the Coast Guard exercised the option for detail design on ESGs OPC contract. The contract includes the production of up to four vessels.

In 2018, ESG, announced that the Coast Guard had exercised the option to build the lead 360x54 OPC Argus(WMSM-915). Delivery of theArguswas scheduled for 2021. The additional OPCs were expected to have far shorter build times than the three years it will take for the lead OPC.

At the time, the Coast Guard also exercised the option for long lead time materials for the OPC Chase (WMSM-916). The value of the two options was $317.5 million.

In 2016, the Coast Guard exercised the option for detail design on ESGs OPC contract. The contract includes the production of up to four vessels.

The OPC is designed to conduct multiple missions in support of the nations maritime security and border protection. The OPC will provide a capability bridge between the national security cutter, which patrols the open ocean in the most demanding maritime environments, and the fast response cutter, which serves closer to shore. The OPC design includes the capability of carrying an MH-60R or MH-65 Helicopter and three operational Over-The-Horizon (OTH) small boats. The vessel is also equipped with a highly sophisticated combat system and C4ISR suite that will enhance capabilities to execute the services missions.

Firepower will include aBAEMk 110 57mm gun and gunfire control system, BAE Mk 98 model 2 25mm gun, two M2Browning.50 caliber machine guns mounted on remote operated small arms mounts, and four crew served M2 Browning .50 caliber machine guns. The cutters will also be equipped with a highly sophisticated combat system and C4ISR suite that will enhance capabilities to execute the services missions.

Main propulsion will come from twinFairbanks Morse-MAN16V28/33D STC diesel engines, producing 9,760 hp at 1,000 rpm each, connected toRolls-Royce5-bladed controllable pitch props, giving the OPC a running speed of 22 knots. The cutters will have a 60-day endurance and a range of 9,500 nautical miles at 14 knots.

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Eastern Shipbuilding to build second Coast Guard offshore patrol cutter - WorkBoat

North Sea offshore wind projects could face Covid-19 construction headaches, expert claims – News for the Oil and Gas Sector – Energy Voice

Some North Sea renewable energy projects face growing construction headaches with every passing month taken up by the coronavirus pandemic, an offshore wind expert has warned.

John MacAskill, business development and operations director for Offshore Wind Consultants, warned that Covid-19 related construction restrictions could begin to impact delay schedules and increased costs for developers.

Research firm GlobalData warned yesterday the UK could see stringent quarantine measures on turbine parts resulting in a materials supply bottleneck.

But Mr MacAskill said he is more concerned that continued restrictions reaching into the summer could impact 2020 construction schedules.

He said it could at best increase costs for developers as they seek to fulfil contract obligations in the midst of delayed turbine supply.

However, he added that the current uncertainty around Brexit is as much a threat to market pricing as the coronavirus pandemic and could cause worker shortages.

He added: The UK is an export market for most wind turbines firms, so we are at as much risk to Brexit implications medium and longer term as Covid-19 when it comes to pricing.

I am not downplaying this, but if I was negotiating wind turbine contracts this year for 2022-2025, I would be less bothered about staff shortages in 2020 than I would be if I am due to construct in 2020 which with every month passing is making challenges more acute.

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North Sea offshore wind projects could face Covid-19 construction headaches, expert claims - News for the Oil and Gas Sector - Energy Voice

RIDG Bolsters Team Ahead of ScotWind – Offshore WIND

Edinburgh-headquartered Renewable Infrastructure Development Group (RIDG) has expanded its team with two hires in preparation for the ScotWind offshore wind seabed leasing round in Scotland.

Isla Robb will lead on RIDGs Supply Chain and Skills as an Associate Director, working to ensure that the RIDG approach to project delivery is innovative, commercially competitive, and maximises Scottish and UK domestic content. Robb previously led Scottish Enterprises offshore wind supply chain and skills activities, RIDG said.

This is a great time to be working in offshore wind and this company has innovative and forward-thinking ideas to ensure success, Robb said.

It is a great opportunity to build on the work that RIDG has already done with potential suppliers based in Scotland and allows me continue to work with many of the companies and skills providers I have worked with, this time from a project perspective, and to take it to the next level, to the bid stage and beyond.

Marc Smeed joins from Xero Energy, part of ITP Energised, and will lead the companys Grid and Power Offtake workstreams also as an Associate Director. Having worked in offshore wind since 2008, Smeed has been directly involved in the connection of over 20GW of onshore and offshore energy projects, RIDG said. He will focus on optimising power offtake arrangements including system security and affordability, key challenges for all Scottish offshore projects.

2020 is an exciting year for the Scottish offshore wind industry with the new Sectoral Marine Plan, ScotWind leasing round and the Scottish Governments hydrogen policy statement, Smeede said.

Having worked in the Scottish offshore wind supply chain for 12 years, Ive been lucky enough to have first-hand experience working with many of the key global offshore wind players. As a talented, home-grown team, RIDG is extremely well placed to contribute to Scotlands success as we lead the world into a net zero future.

Crown Estate Scotlandplans to launchthe ScotWind leasing this spring, after the publicationof Marine Scotlands draft Sectoral Marine Plan (SMP).

Keith Williamson, RIDGs Technical Director, said: As recognised experts in their respective fields, Marc and Isla bring a wealth of experience to the RIDG team as we ramp-up for ScotWind. I am delighted that they have agreed to join us at the outset of such an important period for the offshore wind industry and the wider energy transition in Scotland.

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RIDG Bolsters Team Ahead of ScotWind - Offshore WIND

Virginia Governor Signs Off on 5.2 GW by 2034 Offshore Wind Target – Offshore WIND

Virginias GovernorRalph Northam has signed the Clean Economy Act which requires at least 5.2 GW of offshore wind power to be developed in this U.S. state by 2034.

The Virginia General Assembly passed this House Bill 1526andSenate Bill 851 Clean Economy Act in March.

The act provides that 5.2 GW of offshore wind generation is in the public interest.

It requires Dominion Energy to prioritize hiring local workers from historically disadvantaged communities, to work with the Commonwealth to advance apprenticeship and job training, and to include an environmental and fisheries mitigation plan.

The law requires nearly all coal-fired plants to close by the end of 2024, electricity to come from 100% renewable sources and Dominion Energy to be 100% carbon-free by 2045.

Energy companies must pay penalties for not meeting their targets, and part of that revenue would fund job training and renewable energy programs in historically disadvantaged communities.

These new clean energy laws propel Virginia to leadership among the states in fighting climate change,said Governor Northam. They advance environmental justice and help create clean energy jobs. In Virginia, we are proving that a clean environment and a strong economy go hand-in-hand.

Dominion Energy and rsted are currently developingVirginias first offshore wind project the 12 MW Coastal Virginia Offshore Wind (CVOW) demonstration wind farm.

The two-turbine project is expected to provide the operational, weather, and environmental experience needed for large-scale development in Dominion Energys adjacent 112,800ha lease site, which has the capacity to generate up to 2 GW of offshore wind.

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Virginia Governor Signs Off on 5.2 GW by 2034 Offshore Wind Target - Offshore WIND

Analyzing Current Utilization And Day Rate Trends In The Offshore Drilling Industry – March 2020 Edition – Seeking Alpha

About once a month, energy consulting firm IHS Markit releases a report on the offshore drilling industry that it calls the Offshore Rig Day Rate Trends report. In this report, the firm discusses both the utilization rate and leading market new contract dayrate trends for four types of offshore drilling rigs that it believes serve as effective proxies for the broader industry. For the most part, it has chosen quite well as will be explained over the course of this article. These trends are important for investors to follow, as this data is important for understanding the trajectory of the industry and the way that the financial performance of these companies is likely to progress going forward. We will look at each of the different types of rigs discussed in the report and their dayrate and utilization trends in turn.

The first type of rig that has its dayrate and utilization trends tracked by the IHS Markit report is ultra-deepwater semisubmersibles. These are defined as semisubmersible drilling rigs that are capable of operating in at least 7,500 feet of water. A semisubmersible rig is essentially a floating platform that is supported by two pontoons that sit below the water surface. These are the rigs that most people think of when they picture an offshore drilling rig.

Source: RigZone

As the IHS Markit report only includes the data for those semisubmersibles that are capable of operating in an ultra-deepwater environment, these are the newest semisubmersibles. This is important because exploration and production companies have shown a marked preference for hiring modern units, so the ones analyzed in the report would have higher demand than the semisubmersible fleet as a whole. With that said though, these rigs have seen a marked decrease in popularity since the last recession and most ultra-deepwater rigs that have been constructed over the past decade are drilling ships, which will be discussed later. Thus, while these may be the most modern semisubmersibles, most of them are still not going to be particularly new rigs.

Here are the utilization and new contract dayrate trends for the world's ultra-deepwater semisubmersible fleet:

Source: IHS Markit

As we can see, the utilization rate for these rigs has generally been increasing over the second half of 2019, although it still remains quite low. While it has been decreasing a bit this year, it still remains higher in the most recent month than it did over the entirety of the last two years. This is something that may be surprising to some readers given the severe impact that the coronavirus pandemic has had on the energy markets, but it does typically take a long time for price fluctuations to reverberate through the market and cause the companies in it to change their plans. We have already begun seeing some projects get postponed, but as I mentioned in a recent article, this has had more of an impact on long-term projects than near-term ones. Semisubmersibles are mostly used in development work due to their stability and lack of mobility so if we start seeing offshore projects delayed en masse due to low oil prices, this will eventually begin to have an impact on this segment of the market.

The economic law of supply and demand allows us to assume that dayrates will go up when utilization does because of the reduced supply of available rigs in the market. We do certainly see this as the leading new contract dayrate is well above 2017 and 2018 levels. With that said though, we can still see that half of the global fleet is still unemployed, so there is still insufficient pressure on dayrates to push the new contract dayrate up significantly. This will likely continue to be the case for several more months, if not longer given the current low oil price environment.

The second type of rig that has its dayrate and utilization trends tracked by the IHS Markit report is ultra-deepwater drillships. As was the case with their cousins, these are defined as drillships that are capable of operating in at least 7,500 feet of water. These are therefore the most modern and technically-capable drillships in the global fleet today, which does grant them the preference that modern rigs enjoy when it comes to securing those contracts that are available from exploration and production companies. As the name implies, a drillship is a ship (frequently a modified oil tanker) that has been specially equipped to perform drilling operations. This design grants these rigs superior mobility to a semisubmersible rig, but they are much less stable in harsh or choppy water conditions than their cousins. As a result, drillships are commonly used in exploratory operations where their mobility proves to be an asset in moving from site to site.

Here are the utilization and new contract dayrate trends for the world's ultra-deepwater drillship fleet:

Source: IHS Markit

We can see some similarities here between the ultra-deepwater drillships and their semisubmersible cousins. In particular, we can see that the utilization rate for this type of rig is currently higher than at any other time over the past two years. This shows very real evidence that the industry has been recovering, which is in line with what the managements at various offshore drilling companies have been telling us. We can still see though that the utilization rate does still remain below 80%, which is the level that is generally considered to represent a sustained recovery. As I explained in a recent article too, we have begun to see energy companies cut spending on their exploration programs in response to low oil prices, so it will be interesting to see if the utilization rate can sustain this level going forward in the face of lower demand. This is somewhat doubtful.

As was the case with the semisubmersible rigs, the improvement in the utilization rate has had the beneficial effect of pressuring dayrates up. However, there is still around 30% of the global fleet unemployed, so there is still a significant amount of slack in the market. The utilization rate historically needs to get above 80% before it starts to exert significant and sustained upward pressure on dayrates. As we just discussed, it may not be able to reach that because of cost cuts on the part of energy companies. In addition to this, the leading new contract dayrate is still relatively low, but it is high enough for drilling companies to generate a positive cash flow off of the contracts that they are able to get. We could soon see a reversal here though if the utilization rate does indeed begin to decline, which seems likely.

The third type of rig that has its utilization and new contract day rate trends tracked by the IHS Markit report is harsh-environment jack-ups. As the name implies, these are shallow-water drilling rigs that have been specially equipped to operate in some of the harshest weather conditions in the world such as those found in the Arctic or the North Sea. Unlike with the other types of rig, IHS Markit did not choose to use the newest rigs in this classification when compiling its report. The company instead opted to use standard units, which are defined as those rigs that have a maximum operational water depth of 350 feet. While these are not the most modern units around, they are by far the most numerous so this does work reasonably well as a proxy for the fleet as a whole. The consulting firm has also opted to use the data only for those rigs operating in Northwest Europe. This is the location where most of these rigs operate so the data from these rigs should give a reasonably approximation of the global trends.

Here are the utilization and leading new contract dayrate trends for the harsh-environment fleet:

Source: IHS Markit

The harsh-environment market was one of the few bastions of strength in the offshore drilling market over the past few years. Unfortunately, we can see that this strength appears to be waning as the utilization rate has now dropped back to the lowest level that it has had since mid-2018. The rate has been flat at 50% for many months now, though. This is not a particularly attractive rate however as we can see that fully half of the fleet is unemployed. These rigs tend to have reasonably long contract terms, so this type of rig might see its utilization rate hold up a bit better going forward than some other rigs in the current environment, depending of course on how long the current low price environment persists.

We can also see here that the leading market dayrate has been relatively consistent over the past several months and currently sits just below $75,000, which is the highest that it has stood over the past two years with the exception of one month. It is unfortunately questionable whether or not the current dayrate is high enough to allow the companies that own the rigs to generate a positive cash flow off of the rig contracts. As was the case with many of the other rig types, the utilization rate is likely too low to pressure dayrates up much more. Thus, we will probably not see any real improvements here for a while.

The final type of rig that has its dayrate and utilization trends tracked by the IHS Markit report is high-specification jack-ups. For the purposes of this report, a high-specification jack-up is defined as an independent leg cantilever jack-up rig capable of operating in a maximum water depth of 361 to 400 feet. Curious, this definition would exclude even more capable rigs like the Gorilla-series operated by Valaris (VAL). For the most part though, this definition would encompass most of the modern jack-up fleet. Thus, these are going to be the rigs that are most in demand by exploration and production companies, so should give us a good idea of the broader trends affecting this segment of the industry.

Here are the utilization and new contract dayrate trends for the benign-environment, shallow-water fleet:

Source: IHS Markit

We can clearly see here some real signs of strength in the utilization rate. As we can see, it has generally been steadily climbing over the past two years. It does unfortunately remain well below the 80% level that we need to show a sustained recovery in the industry. This part of the global fleet may also be more vulnerable to a slowdown in exploration activity than other fleet segments. This is because the contracts for shallow-water rigs tend to be exceptionally short and are frequently only for one or two wells. This allows the customers to get out of a contract quickly since they can always deny a renewal. As a result, the high-specification jack-up segment is typically a leading indicator for the rest of the offshore drilling industry. We will want to keep an eye on this metric over the next few months to see if the industry ends up being devastated by the cutbacks in upstream exploration spending.

Thus far, we can see that the leading new contract dayrate has held up okay, although it has been falling over the last two months. It still remains at a higher level than what we have seen over most of the past two years. At $75,000 per day too, it is high enough to allow these rigs to produce a positive cash flow to their owners, although it will not be a particularly high cash flow and may not be enough to cover things like onshore general and administrative costs that are not allocated to any individual rig. It is also possible the new contract dayrate will decline should the utilization drop in response to low oil prices, which would stress the finances of the companies in the industry further.

In conclusion, we are seeing some very real signs of a recovery in the offshore drilling industry here, although it is weaker than we really want to see. The problem could be that upstream companies have begun to cut back on exploration spending and this will reduce the demand for drilling rigs, killing the nascent recovery. We will want to keep an eye on the relevant metrics here over the next few months to see if this scenario plays out in order to make a more informed investment decision.

At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. We are currently offering a two-week free trial for the service, so check us out!

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Analyzing Current Utilization And Day Rate Trends In The Offshore Drilling Industry - March 2020 Edition - Seeking Alpha

Offshore wind growth key to future of basin – News for the Oil and Gas Sector – Energy Voice

The growth of offshore wind development is central to the future of the southern North Sea, but wont be an easy thing to do.

Danielle Lane, Vattenfalls UK country manager, believes that with so much activity in the basin it is important that the Swedish firm and all offshore wind developers works collaboratively with all organisations and groups to get the right sites in the right locations.

In Scotland, Vattenfall is perhaps best known for its 300 million European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, but the company also has anumber of big wind farms in development within the UK southern North Sea.

The Norfolk Vanguard and Boreas projects are the firms most dominant and between them will look to generate 3.6 gigawatts representing the biggest part of Vattenfalls European pipeline.

Lane described the southern North Sea as very busy and key to the future of the basin.

She said: We have to be sensitive about where we place future projects.

It will take work from all groups, from conservation groups right through to industry.

It can be done, there is capacity, but it will take co-operation to get the right sites in the right locations.

Lane said that the coronavirus outbreak hasnt yet halted Vattenfalls march forward with construction as it develops its southern North Sea sites, but will come under review if the situation worsens.

Lane said the firm was keeping a close eye on the pandemic and she paid tribute to those workers still operating wind farms in the North Sea to keep the UK in plentiful clean energy.

She said: We dont know what the long-term impact will be and as far as offshore is concerned we have been going through a whole process of business continuity planning and our key priorities are keeping the turbines working safely at our sites.

Its important that we look after the people who are actually doing the work offshore.

We rightly spend a lot of time celebrating the NHS and essential services that we depend on, but we shouldnt forget about those people who work in the electricity sector and who are keeping the lights on for us.

The UK chief also said she was seeing increasingly more positive action from oil and gas firms on the issue of offshore wind farms supplying electricity to decarbonise assets.

Lane also confirmed that Vattenfall was looking closely at what the potential for hydrogen production in the UK might look like at a larger scale.

She said: Its massively important that we get maximum value for UK consumers from all of the activity in the North Sea.

A lot of this will come will come from the oil and gas companies who see the potential now of linking up with offshore wind projects, but we should be careful not to expect that these kind of things will happen tomorrow.

With any infrastructure there is a lead time between these exciting discussions and the delivery of projects.

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Offshore wind growth key to future of basin - News for the Oil and Gas Sector - Energy Voice

Norway greenlights new wind farm to power offshore production platforms – WorldOil

4/8/2020

Hywind Tampen wind farm diagram

OSLO - The Ministry of Petroleum and Industry has approved the plans for development and operation of the Hywind Tampen wind farm. The Snorre and Gullfaks platforms will be the first platforms in the world to receive power from a floating offshore wind farm.

On 11 October 2019, Equinor and the Snorre and Gullfaks partners submitted two updated plans for development and operation to Norwegian authorities.

Hywind Tampen is a pioneering project and a central contribution to reducing emissions from Gullfaks and Snorre, and I am pleased that both ESA and Norwegian authorities have approved the project. We are experiencing very challenging times, and we are focusing on continuing our transition effort while attending to and developing the value on the Norwegian continental shelf and at the same time reducing the climate footprint from our operations, says Arne Sigve Nylund, Equinors executive vice president for Development & Production Norway.

By reducing the use of gas turbines on the fields, the project will help reduce CO2 emissions by more than 200,000 tons per year, corresponding to annual emissions from 100,000 private cars.

The Hywind Tampen investment will be close to NOK 5 billion. Norwegian authorities have granted funding of up to NOK 2.3 billion through Enova. The Business Sectors NOx fund has decided to support the project by up to NOK 566 million.

On behalf of the partners, Equinor has awarded contracts totaling NOK 3.4 billion, subject to final project approval by Norwegian authorities. It is a plus that the oil and gas industry is competitive in renewables projects as well, and the contracts will lead to considerable spinoff effects in Norway. As the whole industry is currently experiencing much uncertainty, it is vital that we progress projects that spur technology development in the renewables segment and create spinoff effects on the Norwegian supplier industry, says Anders Opedal, executive vice president for Technology, Projects & Drilling.

According to a study made by Multiconsult, the Hywind Tampen project will create spinoff effects during the projects life of 1 550 to 3 000 man-years for Norwegian trade and industry. Most of the spinoff effects will occur in the projects development phase.

The wind farm will consist of 11 wind turbines based on the Hywind wind farm concept developed by Equinor. The 8 MW turbines will have a total capacity of 88 MW and meet about 35 per cent of the annual power demand of the five platforms Snorre A and B and Gullfaks A, B and C. The wind farm will be located around 140 kilometers from shore, between the Snorre and Gullfaks platforms, at a water depth of 260 to 300 meters.

Operated from Equinors offices in Bergen, Hywind Tampen is scheduled for start-up at the end of 2022.

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Captives regulator invites offshore captives to Connecticut – Captive International

The Connecticut Insurance Department has invited offshore captives to consider relocating to Connecticut.

Janet Grace, programme manager of the captive insurance division at the Connecticut Insurance Department, said: If your captive is located outside the US, this may be the time to bring it to Connecticut, where you can take advantage of our brain trust of captive innovators, who may be able to help you deal with lost revenue at this time of crisis.

The invitation came as Connecticuts healthcare facilities suffer from significant daily losses of revenue as they reallocate resources to dealing with the COVID-19 outbreak, according to Michael Maglaras, principal of Michael Maglaras & Company.

Maglaras warned the reallocation of resources was coming at the expense of ambulatory and elective surgery revenue.

Andrew Mais, commissioner of the Connecticut Insurance Department, said: Healthcare facilities and other businesses in Connecticut are quickly realising that business interruption claims caused by the COVID-19 crisis may be difficult to collect on, unless physical loss or damage to property can be substantiated.

Property policies written for health care institutions frequently contain broad limitations on business interruption coverage caused by the cascading effect of dealing with the coronavirus and other losses stemming directly from disease contamination, Maglaras explained.

He said his company has been busy liaising with captive owners about how they can use their captives existing surplus to augment property coverage availability. We first encourage health care providers and others to determine the amount of commercial coverage for decontamination costs, communicable disease cleanup, and interruption by communicable disease, he said.

Captive insurance companies can play a significant role in claim recovery for healthcare facilities, depending upon the amount of the loss and the availability of a captives surplus, said Maglaras.

onnecticut Insurance Department, Janet Grace, Michael Maglaras, Andrew Mais, COVID-19

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Shell UK, Diamond Offshore agree release of rig – News for the Oil and Gas Sector – Energy Voice

Shell and Diamond Offshore have mutually agreed the release of the Ocean Valiant rig from its contract.

Diamonds most recent fleet status report, published in February, shows Ocean Valiant was supposed to be with Shell in the UK North Sea from November 2019 until March 2021.

A source said Shell had shelved plans to drill five wells and that the rig would be stacked later this month.

A spokesman for Shell confirmed Ocean Valiant would be released once it completes a well at the Gannet field.

But he said Ocean Valiants agreed scope would be transferred to Diamonds Ocean Endeavor rig, which is already contracted to Shell.

Energy Voice reported in October that Shell was using Ocean Endeavor for drilling work at its Fram gas field as part of a campaign expected to last up to 110 days.

Its understood the Ocean Valiant decision was operational and not linked to any spending reductions which may be triggered by the current crude price slump.

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Shell UK, Diamond Offshore agree release of rig - News for the Oil and Gas Sector - Energy Voice

‘Human rights don’t have a best-before date’: COVID-19 lays bare rampant ageism – The Globe and Mail

A makeshift memorial is seen at the CHSLD Yvon-Brunet, a long-term care home in Montreal, on April 13, 2020.

Paul Chiasson/The Canadian Press

Four more deaths, all elderly.

For the family of John Fox, already in mourning, those words cut like a knife in a fresh wound.

The retired RCMP officer had died earlier that day of COVID-19 at the age of 73.

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Suddenly, he was just a statistic, part of a throwaway line on the evening news. Hearing Mr. Fox described as elderly, albeit anonymously, shocked the family.

That word is so laden, so dismissive, says Margaret Gillis, his sister-in-law.

And so common.

Coronavirus guide: Updates and essential resources about the COVID-19 pandemic

How many coronavirus cases are there in Canada, by province, and worldwide? The latest maps and charts

What are the coronavirus rules in my province? A quick guide to whats allowed and open, or closed and banned

What is the implication when you describe someone as elderly? That they are unimportant? Disposable? Ready to die?

Ms. Gillis says those are assumptions we make all too often about people of a certain age.

And she would know.

In addition to losing a loved one to the pandemic, Ms. Gillis is president of the International Longevity Centre (ILC Canada), a group that advocates for the human rights of older people and against the rampant ageism in society.

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Johns death has made the pandemic more real for me, Ms. Gillis says. Its also given a new urgency to my work tackling the almost inbred ageism in society.

Ms. Gillis says that, on the surface, calling someone elderly may not seem like a big deal, but language matters because assumptions and prejudices permeate public policies.

We need not look any further than the horror story unfolding in nursing homes and long-term care facilities in Canada and around the world.

We have known from the get-go that people in institutional care were among the most vulnerable to a pandemic. Yet little was done to protect them.

News of outbreaks in facilities that house seniors trickles out when the situation become so dire that dozens die such as at the Rsidence Herron in Dorval, Que., or the Pinecrest Nursing Home in Bobcaygeon, Ont.

But its hard to even figure out how many outbreaks there are in these high-risk institutions, a reminder of the old adage: If you dont count it, it doesnt count.

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For the most part, older people dont count.

Weve seen that illustrated in the debates about what would happen if COVID-19 overwhelmed hospitals. Beds and ventilators would go first to younger people, not people with disabilities and the elderly.

In Italy, you could barely get in the door of a hospital if you were over 60, Ms. Gillis says.

The tales of older people found dead in nursing homes and in their homes in Spain and Italy are legion. Most didnt even get counted in the official coronavirus statistics.

Just more dead old people.

We have this attitude that people who are not seen as contributing to the economy have no value, Ms. Gillis says.

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In popular culture, you can joke about a persons age in a way you cant about their race or religion. We see this reflected too in popular memes like Okay, Boomer which has morphed into the more nihilistic Boomer Remover descriptor of coronavirus.

Many have played down the severity of the pandemic by saying it only kills old people. Others have suggested that, rather than the sweeping physical-distancing rules that have been imposed, we simply quarantine older people and let everyone else get on with their lives, or that we let coronavirus run wild so herd immunity develops and the old and the weak are culled.

Ms. Gillis says these crass approaches ignore the fact that human rights dont have a best-before date and that many, if not most, older adults have rich lives.

She points to her brother-in-law, saying that like all the others who have died in the pandemic, he is more than a statistic ... he was a spouse, a father, a grandfather who contributed a lot to his community.

Mr. Fox was a big bear of a man, healthy as a horse, with no underlying health conditions before he contracted coronavirus.

Shortly before he fell ill, he played golf; in recent weeks, he had been kayaking and hiking. Mr. Fox was an active volunteer with a therapeutic horseback-riding group for children with developmental and physical disabilities. Having seen far too many gruesome highway crashes over his police career, Mr. Fox was also a dedicated blood donor.

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Elderly was certainly not a label that fit.

But is it ever?

The Quebec government will inspect all 2,600 of the province's seniors residences to ensure proper care is being provided during the COVID-19 pandemic. The Canadian Press

Sign up for the Coronavirus Update newsletter to read the days essential coronavirus news, features and explainers written by Globe.

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LeBron James is No Human. He is a Freak of Nature: Former NBA Player Explains Why This is Not His Last Opportunity – Essentially Sports

LeBron James is one man who has established himself as one of the modern greats of the game. His career has been on an upward trajectory ever since he was drafted by the Cleveland Cavaliers in 2003.

There is no doubt that James works hard. He is currently in his 17th regular season in the NBA. But with this longevity comes the question of how long he can continue in the league.

Rachel Nichols is the host of the program Jump which airs on ESPN. Former stars Kendrick Perkins and Richard Jefferson joined her in a recent episode, speaking about everything NBA.

Nichols asked them if LeBron James can really carry on his current playing style into the next season. She further asked if this is his last real window to win a title with the Los Angeles Lakers.

Jefferson had his take on the question and replied: There might be a drop off when he turns 36. But hes got Anthony Davis, hes got a great team around him. So will this be his last chance to win a championship? No.

Perkins similarly had a response that would fire up LeBrons fans. LeBron James is no human. He is a freak of nature. And when it comes to professional athletes taking care of their bodies, LeBron James is one of one, stated the 35-year-old.

Perkins boldly stated that James can go playing at the top for the next five years. Hes a guy who invests a lot in his body, one of the best Ive ever seen, he added. He claimed that with the work rate James was putting this season, he is on his way to reclaim the throne as the leagues MVP, if the season should resume.

Jefferson then pointed out that James has changed his game this year. Hes been leading the league in assists with 10.5 assists per game. Jefferson states if he develops his game in this aspect he will prolong his career.

With players like LeBron James, you never know. He has been proving his skill on the court for 17-years straight. With his hunger and determination, no one can predict what he can achieve with the Lakers next season or the season after that.

James has been averaging 25.7 points, 7.9 rebounds and 10.6 assists per game this season. He can still do wonders with the ball. It is entirely up to LeBron James on how long he wants to keep playing. In his mind, if he wants to retire in his prime after winning a championship and an MVP award, he will.

Or, he can decide to play more. James has the advantage of choosing his path. At the end of the day, it is he who will make the ultimate decision.

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Helen Dotan-Glassberg selected as Top VP of Human Resources & Talent by the International Association of Top Professionals (IAOTP) – Life Pulse…

Israel, Haifa District 04-13-2020 (PRDistribution.com) Helen Dotan-Glassberg, VP of Human Resources & Talent Development for Shamir Optical Industry Ltd., was recently selected as Top VP of Human Resources & Talent for 2020 by the International Association of Top Professionals (IAOTP) for her outstanding leadership and commitment to the industry.

Inclusion with the International Association of Top Professionals is an honor in itself, only a few members in each discipline are chosen for this distinction. These special honorees are distinguished based on their professional accomplishments, academic achievements, leadership abilities, longevity in the field, other affiliations and contributions to their communities. All honorees are invited to attend the IAOTPs annual award gala at the end of this year for a night to honor their achievements.With over 20 years of professional experience serving as a Vice President of Human Resources and Manager of Human Resources, Helen has certainly proven herself as an accomplished professional and expert in her field. As a dynamic, results-driven leader she has demonstrated success in Career Development, Performance Management, Team Building, Organizational Development, Recruiting, Deferred Compensation, Talent Acquisition, Management Development, Employee Relations, HR Consulting and HR Policies.Her impressive repertoire of prior roles include experience within the renewables and environmental industries. She served as VP of HR for Amiad Water Systems Ltd., VP of Human Resources for Medingo, a Roche Company, Director of HR for Surf Communications Solutions and HR Manager of EVS/Granit Mesima.Currently, Helen is employed with Shamir Optical Industry, Ltd., an Israel-based company, which is engaged in the development, design, and manufacturing of premium progressive lenses and molds for the ophthalmic industry. This is a fully owned subsidiary of Shamir Insight, Inc (San Diego, CA). Serving as the Sales and Marketing center for the USA, Canada, Central/South America and Mexico, Shamir Insight specializes in the marketing of premium progressive lenses under the product brand names such as Shamir Autograph III, Shamir Autograph !!, Shamir InTouch, Shamir Spectrum, Shamir FirstPal, Shamir Golf, Shamir Relax, Shamir Attitude III, Shamir Duo, Shamir Computer and Shamir WorkSpace.Before embarking her current career path, Helen earned a Master of Arts in Sociology- Organizational Behavior from Haifa University in 2002. Stephanie Cirami, President of IAOTP states, Choosing Helen for this honor was an easy decision for our panel to make. She is a good communicator, displays high integrity in all business endeavors and is a true leader within her role. We are looking forward to honoring her on stage, this year at the Plaza Hotel in New York City at IAOTPs 2020 Annual Awards GalaThroughout her illustrious career, Helen has been recognized worldwide for her leadership and commitment to the field. This year she will be considered for a feature in T.I.P. (Top Industry Professional) Magazine and was chosen as Top VP of Human Resources & Talent by the International Association of Top Professionals (IAOTP). For 2021 she will be considered for the Empowered Woman of the Year Award, based on her extensive knowledge and tremendous foresight as a Human Resources Professional.Looking back, Helen attributes her success to her persistence, positive leadership and mentors she has had the pleasure of working alongside. Her depth of HR expertise and having diverse international business experience are what has driven her to succeed on so many levels. For the future, she aspires to continue growing as a professional and making a difference to help others achieve their goals in the business world.About IAOTPThe International Association of Top Professionals (IAOTP)is an international boutiquenetworking organization who handpicks the worlds finest, most prestigious top professionals from different industries. These top professionals are given an opportunity to collaborate, share their ideas, be keynote speakers and to help influence others in their fields. This organization is not a membership that anyone can join. You have to be asked by the President or be nominated by a distinguished honorary member after a brief interview.IAOTPs experts have given thousands of top prestigious professionals around the world, the recognition and credibility that they deserve and have helped in building their branding empires. IAOTP prides itself to be a one of a kind boutique networking organization that hand picks only the best of the best and creates a networking platform that connects and brings these top professionals to one place.For More Information on IAOTP please visit: http://www.iaotp.comWatch Gala Video

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Adrenomyeloneuropathy Treatment Market: Strategic Analysis to Understand the Competitive Outlook of the Industry, 2025 – Science In Me

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Here Are 9 Ways To Stay Informed and Protect Your Mental Health – Longevity LIVE

As the facts surrounding the global coronavirus pandemic continue to change at a moments notice, its important to stay informed on the latest news. Doing so can help us make informed decisions to better protect our health. However, as important as it is to stay up to date with the latest news, could we also be harming our mental health?

Its understandable that we all want to spend our free time reading everything about the coronavirus as it helps to provide us with a sense of control, which is what we need during these uncertain times. However, its clear that absorbing too much bad news can be harmful to both our mental and physical health.

According to a survey from the American Psychological Association, most adults admitted to following the news regularly, but 56 % shared that doing so causes them stress. Now with that said, why do we still find ourselves glued to our screens, enamored with every sensational headline?

The fact is being informed allows us to develop tools that we can use to better protect ourselves. Unfortunately, being informed can often come as a cost to our mental health. For instance, research published in the British Journal of Psychology found that after just 14 minutes of watching bad news, participants began to experience negative effects on their mental health. Whats more, heightened stress levels can weaken your immune system, which is the last thing you need especially now.

However, this doesnt mean that you should give up on staying informed and engaged. In fact, there are ways for you to stay informed without compromising your mental health.

Similar to how you establish screen time limits for your kids, you should also set your own time limits when it comes to reading the news. Clicking on a link with a sensational headline can catapult you down a rabbit hole of never-ending information. However, by setting an alarm, you can pull yourself out before you get in too deep and compromise your mental health.

Try to figure out how much time youll need to read the news, and set an actual timer on your phone, be it for 5, 15, or 30 minutes or even an hour. You should then decide how many times a day youll do it for say reading the news for 15 minutes three times per day. Once the time is up, close all your apps or tabs related to the news, and dont open it up again until the next time, or day.

In addition to timing yourself when it comes to reading the news, you should also remember to allocate time to other activities that are good for your mental health. This includes exercising, reading, or any other healthy hobbies.

Different news sources help to provide you with more perspective when it comes to current affairs. However, the constant and multiple news alerts and notifications on your phone can get overwhelming, raising your stress levels.

As such, it would be advisable to limit your notifications and only allow news alerts from sites that you deem necessary. In fact, more information is not necessarily the best way to stay informed. Instead of allowing a barrage of notifications to fill up your phone, rather choose just two or three of the most credible sources and ignore the rest. Sites such as the CDC and the WHO organization are the best sources as they provide the latest, and the most credible information surrounding the coronavirus.

When a news story breaks, were all glued to CNN or refreshing our Twitter timelines in an effort to get the latest updates. While normal, this action can affect your mental health. This is because when a news story breaks, it takes a while to get all the facts straight and oftener than not, the information we see online is more so based on half-truths, speculations, and even conspiracy theories. As a result, these stories may serve to get our attention, but they also serve to increase anxiety and stress levels.

As it takes some time for journalists to collect all the facts, it would be advisable to wait for them to provide a more accurate and well-rounded report.

The last thing you want is to be going to bed with news anxiety, as this will disrupt your sleep, and this is the last thing you need. In addition to weakening your immune system, lack of quality sleep can also affect your mental health by increasing the risk of depression.

Its important to never check the news before bed. This is because you want enough time during the day to process the information. During the day, if you read something that raises your stress levels, youll be able to engage in stress-relieving techniques such as yoga or meditation. Its also advisable to not sleep with your phone too close to you as you may be tempted to read the news as soon as you wake up.

With the constant influx of infection rates and death tolls, the news can get quite depressing. However, its important to remember that there are good things happening in the world. The bad news does not provide a full picture of the days events.

Reading good news can help to relieve some stress accumulated by bad news. So, try to read up on some human interest stories or you can also follow sites like the Good News Network, Positive News, and Optimist Daily.

In addition to getting some good news, you should also try focusing on issues that you can help solve. As the coronavirus pandemic has affected various people in different ways, why dont you go out of your way to research how you can help them? For ways to get involved, or help make a change, check out Global Givings Coronavirus Relief Fund.

Starting your day reading bad news can affect your mood. So, its important to start your day on a more positive note.

Try starting your day by listening to a relaxing podcast that boosts your mood, exercising, meditating, or by even enjoying a cup of coffee on your porch, enjoying the tranquil silence.

If youve been consuming the news, and youre feeling overwhelmed, its important not to suppress your feelings. Doing so can make things worse.

Instead, try reaching out to a friend or family member and talk about your feelings. Additionally, your area may be on lockdown, but psychologists and counselors are still operating online. Therefore, dont shy away from contacting your nearest mental health counseling group.

Yes, you should reach out if you are feeling overwhelmed with crippling coronavirus anxiety. However, you can also make the conscious decision not to discuss the coronavirus if you believe that doing so affects your mental health.

When it comes to the coronavirus, everyone has an opinion, and theyre each looking to share it. As a result, we often feel forced into a conversation. However, youre allowed to not engage if you feel that doing so can bring your mood down. Feel free to change the subject to something more positive.

If all else fails, feel free to simply step back and unplug.

Youre allowed to protect your mental health. If you feel that you need to disconnect from time to time, feel free to do so. Uninstall all your social media apps and disconnect from all news outlets for a period of time. Ask a close friend or family member to only alert you if something is going on that you need to know about.

Yes, its important to stay up to date with the news as this can help us to make more informed decisions. Unfortunately, too much news can affect our health, and thats the last thing we need right now.

Thankfully, there are ways to protect our health and stay informed.

Johnston, W.M. and Davey, G.C.L. (1997), The psychological impact of negative TV news bulletins: The catastrophizing of personal worries. British Journal of Psychology, 88: 85-91. DOI:10.1111/j.2044-8295.1997.tb02622.x

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Here Are 9 Ways To Stay Informed and Protect Your Mental Health - Longevity LIVE

10 Habits to Transform Your Mindset During Lockdown – Thrive Global

With an unprecedented proportion of the worlds population in self-isolation, many of us feel uneasy (to say the least) about the sudden, strange upheaval to regular life as we know it. There is no doubt that, on top of the serious physical respiratory health pandemic, a tsunami of associated mental health issues is rapidly sweeping the globe.

It is totally normal and understandable to flip between a multitude of mental and emotional statesduringtheCOVID-19outbreak. Researchers recorded feardepression, anxiety and post traumatic stress disorder in China during the outbreak. Other studies found depression and anxiety levels to rise in the UK, following the announcement of the governments lockdown policy.

As health-optimizing, best-selling author Aubrey Marcus recently shared:

Its okay to feel what you are feeling, whatever that is. Dont feel ashamed if you arent positivePeople misunderstand what being strong really is. Strength is the courage to be vulnerable, be real. Some days I feel empoweredsome days I feel helplessThis week Ive had heaping doses of both polarities. Most people Ive spoken to have felt similar. Its all okay. Aubrey Marcus

Although we might not go actively looking for them , lifes toughest challenges also provide the opportunity to shake up our lives and realise what matters most. After struggling with several big life changes myself a few years ago, I focused on what seemed to help keep me emotionally stable and happy even in the midst of external turmoil.

The pandemic is like a collective challenging life-change the world is battling serious illness; anxiety; financial woes; separation from loved ones; grief; a temporary loss of freedom instability in multiple areas en masse.

Healthy relationshipsare key for our well-being. The 80-year Harvard Study of Adult Development found that close personal connections are key for our happiness and longevity throughout life. Research also suggests that people who engage in supportive, positive relationships produce more oxytocin, which can: boost our immune system, allow us to physically heal quicker, and mean we are less likely to experience stress, anxiety, and depression.

Technology is often blamed for making us feel more socially isolated (more on that later on); but most of us are using it now to build a sense of real-life community that we might miss at the moment. Commit to speaking to at least one person who uplifts you on a phone or video call every day. You can arrange to share meals, play online games, or have creative sessions with loved ones using apps like Zoom or Houseparty. You can even host virtual dinner parties by eating meals at the same time as those we miss; or have virtual book or movie clubs where you discuss a book you are all reading, or film youve watched, on scheduled calls.

Social media self-isolation support groups (global on Facebook, local on Nextdoor, or you can make your own using Whatsapp) are popping up to help members stay positive. These groups can help us pool resources and knowledge; share how we feel; and find the support we need.

As well as contacting those we trust and feel positive with when we are struggling, reaching out to others who might be feeling alone, anxious or overwhelmed can also help us get through hard times together. Every morning when you wake up, try to think of two people you could check in with that day with a message, call or supportive voice note . Helping others is also known to help boost our own mental well-being.

Supporting small businesses online can help those struggling with low in-person footfall. We can also donate to local food banks, homeless shelters, services for the elderly or COVID-19 appeals like the UKs National Emergencies Trust, or volunteer to help the NHS support those most in need.

If you live with other people, keep in mind that we all deal with stress differently, and all have up and down days. In general, try to take a few breaths before reacting to someone elses emotionally-triggering behavior, and to be open about how you feel and your needs perhaps using the Nonviolent Communication method to build understanding rather than resentment.

This recent Freakonomics podcast episode discusses the effects of the pandemic on urban populations and marriages. Tim Ferriss COVID-19-related podcasts have been super-insightful, and his recent interview with acclaimed relationship therapist Esther Perel is packed with useful lockdown coping strategies. There is more practical advice for isolating with your family in this LBC Radio interview.

Healthy relationshipsare key for our well-being. The 80-year Harvard Study of Adult Development found that close personal connections are key for our happiness and longevity throughout life. Research also suggests that people who engage in supportive, positive relationships produce more oxytocin, which can: boost our immune system, allow us to physically heal quicker, and mean we are less likely to experience stress, anxiety, and depression.

Technology is often blamed for making us feel more socially isolated (more on that later on); but most of us are using it now to build a sense of real-life community that we might miss at the moment. Commit to speaking to at least one person who uplifts you on a phone or video call every day. You can arrange to share meals, play online games, or have creative sessions with loved ones using apps like Zoom or Houseparty. You can even host virtual dinner parties by eating meals at the same time as those we miss; or have virtual book or movie clubs where you discuss a book you are all reading, or film youve watched, on scheduled calls.

Social media self-isolation support groups (global on Facebook, local on Nextdoor, or you can make your own using Whatsapp) are popping up to help members stay positive. These groups can help us pool resources and knowledge; share how we feel; and find the support we need.

As well as contacting those we trust and feel positive with when we are struggling, reaching out to others who might be feeling alone, anxious or overwhelmed can also help us get through hard times together. Every morning when you wake up, try to think of two people you could check in with that day with a message, call or supportive voice note . Helping others is also known to help boost our own mental well-being.

Supporting small businesses online can help those struggling with low in-person footfall. We can also donate to local food banks, homeless shelters, services for the elderly or COVID-19 appeals like the UKs National Emergencies Trust, or volunteer to help the NHS support those most in need.

If you live with other people, keep in mind that we all deal with stress differently, and all have up and down days. In general, try to take a few breaths before reacting to someone elses emotionally-triggering behavior, and to be open about how you feel and your needs perhaps using the Nonviolent Communication method to build understanding rather than resentment.

This recent Freakonomics podcast episode discusses the effects of the pandemic on urban populations and marriages. Tim Ferriss COVID-19-related podcasts have been super-insightful, and his recent interview with acclaimed relationship therapist Esther Perel is packed with useful lockdown coping strategies. There is more practical advice for isolating with your family in this LBC Radio interview.

Just a few minutes of meditation day has been shown to have a multitude of positive effects on our mental and physical well-being, and now might be a great time to start. Over the medium-term, research has shown that meditation can help calm down anxious racing minds; decrease stress and depressive feelings; give us new perspectives; and find inner stillness even when the outer world seems tumultuous.

Set up a comfortable, quiet space with a cushion, blanket, candle or other elements which make your spot enjoyable to go to. Head there at a regular time for example at 8am; before you go to bed; or after you brush your teeth to make it more likely that you keep going back.

There is an ever-growing treasure trove of free and paid-for meditation material online. Insight Timer is my favorite meditation app for variety and the community aspect; the Calm app has a free Lets meet this moment together section to soothe COVID-19-related anxiety; and Australian Smiling Mind also has this dedicated Thrive Inside resources page.

Many of the worlds best-known meditation guides (such as Jay Shetty) are busy sharing positive-mindset content on social media; and studios like Unplug Meditaton in California are streaming classes online to help us calm down too. Alchemy of Breath also runs free online breath-work meditation classes every Sunday which can be particularly transformative to our mood.

Megan Monohans book Dont Hate Meditate is a great practical introduction to building a practice; and Deepak Chopras Hope in Uncertain Times site is offering a free 21-Day Meditation Experience.

To be mindful means staying non-judgmentally aware of the present moment rather than mind-wandering into thoughts about the past or the future (which is believed to make us less happy). During difficult times its easy for our attention to drift to worries about worst-case scenarios that may never happen. The fact is, no one really knows what the future holds. It is prudent to be practically prepared, but after that it is helpful to remember that we are safe in the present moment, rather than diving into negative thought spirals.

Meditation is a concentrated, dedicated period of mindfulness, but we can also practice staying mindful or to keep bringing our full attention to during other tasks.

A few easy ways to practice mindfulness include:

Some of my favorite books further exploring mindfulness, consciousness and living in the present moment include the beautifully written The Untethered Soul by Michael A. Singer; the esoteric The Power of Now by Eckhard Tolle; and mind-blowing Freedom From The Known by J. Krishnamurti. You can watch Tolles recent Staying conscious in the state of adversity video here.

Try to build some kind of routine at home you might decide to wake up, go to sleep and eat at regular times; take up exercise on certain days; or diarize blocks of your calendar for work and other tasks. This can help to help maintain our sleep patterns, to eat more healthily and stress less.

Its useful to list things youd like to achieve tomorrow (highlighting three top priorities), as well as the week ahead in your journal, carrying any unfinished tasks forward to the next time period. You can find tips on productively working from home online, like in these articles by the BBC and CNN.

If youve wanted to read a book (here are 10 books that totally transformed my life); learn a new skill (like a language); or take an online course (you can check many affordable or free ones out on Udemy or Coursera) but havent prioritized it take this extra time indoors as an opportunity. Hal Elrods easy read The Miracle Morning suggests activities to start our day off right, including exercise, meditation, reading, journaling and visualization. I personally like to meditate each morning, exercise in the afternoon, and read before I go to bed this structure helps me to stay grounded. I also like to mix up how I exercise, books I read and my self care routine, depending how I feel that day.

To work on forming good habits, or getting rid of old ones, James Clears Atomic Habits is a great guide to getting started. Using a journal, a highly-visible habit tracker, app or having an accountability buddy also helps us stay on track. To help my focus levels, I like listening to calming background music such as this on YouTube, or you can check out scientifically-backed Brain.fm.

Being at home all day means that many of us are spending more time than ever socializing, working, informing and entertaining ourselves through our online devices. The majority of Brits use their smartphones right up until bedtime and, in 2019, the average American checked theirs 96 times per day. Studies have linked heavy smartphone use to stress, depression and anxiety, with too much social media particularly found to affect our mood. Most of us have also likely noticed the associated effects of overuse on on our sleep, focus and productivity at home.

We can use usage-tracker apps like iPhones Screen Time, or Digital Wellbeing for Android to see how much time we spend on our devices usually its way more than we consciously realize! Then its down to simple hacks like having a phone-free room at home (like your bedroom) or times of day (like 9pm to 9am); turning off all but essential notifications; keeping your phone of arms reach when you are working; and deleting social media or other potentially time-wasting apps to declutter your home screen.

Check out the brilliant book How to Break Up With Your Phone by Catherine Price for more tips. Many of us are also enjoying digging out paper books, board games, gardening, baking or exercise equipment for offline entertainment.

Its important to stay up-to-date with key developments, but if you start to feel overwhelmed by negative news, follow the CDCs advice and take a break from it. Over half of participants in a 2018 study by the American Psychological Association said that the news causes them stress, with many experiencing anxiety or sleep loss as a result. Try not to have news on in the background check once a day for updates, rather than constantly, and set a time limit on how late youll consume it at night. Notice how you feel before and after you check the news. If you feel like you are compulsively checking, give someone you care about a call, or do something productive, like picking up a book, instead. Alternatively you can even check out Positive News for pandemic respite. The Centre for Evidence-Based Medicine also has a dedicated COVID-19 page that is updated daily to debunk related fake news.

At a Flying with Confidence course a few years ago, my fellow flight-phobic attendees and I were recommended to avoid watching fictional, Aircraft Investigation-style, TV shows about plane crashes the human brain has a tendency to normalize the catastrophes and outliers we see on TV. It can be tempting to consume all of the apocalyptic Netflix programming we can, in an attempt to understand all of the unknowns. In the same, I am avoiding watching this too, and focusing on uplifting or funny shows (my current favorite is Bojack Horseman) instead.

Laughter is known to make us feel better, and can soothe physical tension, strengthen our immune system and give us pain relief. Notice the small things that make you smile, and make sure you are regularly having fun doing things you enjoy like baking, drawing, dancing, singing, speaking to friends who cheer you up, watching or reading something that makes you smile. Think about what lit you up as a child, and dedicate at least 3060 minutes a day to activities that make you feel most happy and alive instead of consuming anxiety-inducing content.

Studies show that spending time in nature can have positive effects on our health like lowering our blood pressure and boosting happiness; and, for those of us in the Northern Hemisphere, Spring has sprung.

Try to spend time outside in your garden or patio every day, or go for a socially-distanced walk or run in the park or a natural space near you (as permitted by your local governments recommendations). Take the time to mindfully notice your surroundings any trees, flowers or birds you spot. Focusing on distant views can also give our eyes a break from all of the screen time at home.

You can connect with nature without leaving the house, too. Commit to noticing how the sky, or other natural phenomena like trees, look outside each day research suggests a window view of nature can even shorten the recovery time of patients. Owning a houseplant has also been shown to improve our mood; and listening to recorded nature sounds (I love hearing the ocean whilst I work) or looking at images of green environments are thought to also have calming effects on us. You could also install a bird feeder you can see from inside, and try to spend a significant proportion of your day in a room with adequate sunlight.

With all of the upheaval and uncertainty, many of us are finding it harder to nod off, with some reporting vivid dreams or nightmares once they do manage to. The American National Sleep Foundation recommends that adults get seven to nine hours of sleep per night; while the NHS explains here how being chronically under-rested can lead to serious health conditions including anxiety and depression.

For now, try developing a regular relaxing bedtime routine such as having three things you regularly do, like reading a book, having a herbal tea, a bath, journaling, meditating or moisturizing. Make sure your bedroom is as quiet and dark as possible, and avoid mental over-stimulation and blue light from our screens in bed which affect our sleep cycles by charging your phone outside of the bedroom. You could also try putting tech on airplane-mode at 9pm (and not checking your messages until 9am), or using free desktop tool F.lux which aims to keep the light levels coming from our screens with that of our natural environment according to the time of day.

Calms sleep stories have helped millions of people already, and HuffPost has some great tips here on sleeping better during pandemic-related anxiety. If you are interested in finding out more about our sleep qualitys effect on our health, Matthew Walkers book Why We Sleep is full of practical information and tips based on cutting-edge sleep-science.

The UK government recommends healthy adults do at least 2.5 hours of moderate exercise every week. Physical activity has many mental benefits such as improving cognitive function, boosting our perceived quality of life, and reducing anxiety and depression. If youre used to feeling the positive effects of going to the gym or playing sports, which you cant do right now, do not fear! Many of the worlds top fitness studios like Barrys Bootcamp, and instructors like Joe Wicks The BodyCoach TV, have moved to streaming regular free or paid-for classes online during lock down.

Research has found that lower intensity, strengthening movement like yoga (which also often includes a meditation section) can help calm us down during stressful times. Some of my favorite yoga teachers are also recording frequent classes from their social media accounts (like Ted McDonald on Instagram). I also love online ecstatic dance classes with URUBU or Rise Up basically, an excuse to dance like no one else is watching from the comfort of your living room, whilst connecting online to people from all over the world.

As well as dancing, singing has multiple health benefits too, and listening to music we enjoy is known to uplift our mood. There is a proliferation of DJ live streams and concerts going on check out this list of ideas if you are looking for something new.

We can all be guilty of being harsher to ourselves than we would be to anyone else learn to treat yourself like a best friend instead. If youre not feeling as productive as usual do what you can and know that youre trying your best during an unprecedented, stressful situation. This could also be an opportunity to rest a little from normal busy life, and to learn to forgive yourself if you are not feeling 100% (or failing to meet unrealistic standards).

As spiritual thought-leader Sadhguru recently half-joked to his 2.9m followers during his daily Instagram talk, the general public are saving lives just by staying home for once by doing nothing, we are doing something.

If you are comparing yourself with other peoples attitudes or achievements notice, and then try to put a stop to, doing that. We all handle things differently at different times, and we never really know what someone else is going through.

Acknowledging difficult feelings such as anxiety, grief, or boredom by sitting quietly with them and feeling where they come up in the body, and maybe sharing them with someone we trust, or a mental health professional can help us process and move through them, rather than repressing and paying for it later on. We can tell ourselves Ok, Im anxious/grieving/bored now, but that is normal and fine, and this too will pass after all these are not usual times!

Journalling or freewriting committing to writing whatever comes up for a set time duration (such as five minutes) or number of pages (three, for example) without editing or censoring ourselves can help us to get clearer on whats going on in our heads, and so make them feel less cluttered. Recording feelings can also be interesting to reflect on in future.

Keep in mind and check in with what feels useful to your own physical and mental state before and after you practice, then you will learn what works for you. You can find further COVID-19 mental health resources here:

If you are feeling unable to cope or overwhelmed, and speaking to someone close to you who you trust doesnt help you feel better, contact your family doctor or seek a professional counselor or therapist its often possible to have sessions remotely, over the phone or online.

These are uncertain times where many of us face grief, financial pressure, loss of freedom and anxiety so it is imperative to look after the physical and mental well-being of ourselves and others well during this period.

To summarize, try to regularly: meditate and practice mindfulness; build social connections; prioritize sleeping well; practice movement and a hobby you enjoy every day; regulate your tech use and consumption of negative content; and help others who are vulnerable, lonely or in particular need.

We can decide to not only survive and get through this period, but maybe learn to come out the other side as improved beings with a better understanding of how to tend to the needs and feelings of ourselves and others, and a renewed realization of our connectedness to nature and the rest of the world, as well as of what is truly most important to us.

Jessica Warren is co-founder of Mind: Unlocked a mental well-being business that provides practical tools, courses and workshops to help people cope with the stress of everyday modern life. She has been featured as a wellness speaker on BBC Radio and at conferences like Wanderlust and Eurekafest; and writes for Thrive Global, Economia Magazine, and the StartUp and P.S. I Love You publications on Medium. Jessica trained as a Chartered Accountant and worked in corporate finance, before deciding to dedicate her time to exploring and sharing how to live more fulfilling lives we love.

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10 Habits to Transform Your Mindset During Lockdown - Thrive Global

Botulinum Toxin Market Expansion Projected to Gain an Uptick During 2025 – Science In Me

Global Botulinum Toxin Market: Snapshot

Botulinum toxin, known to the mankind as one of the most poisonous biological substances, is a neurotoxin produced by theClostridium botulinum bacteria.Clostridium botulinum, the gram-positive, anaerobic, spore-forming bacteria commonly found in water, soil, on plants, and the intestinal tracts of animals can be elaborated into eight exotoxins, all interfering with the process of neural transmission and causing muscle paralysis.

From the earliest recorded uses of the toxin for the management ofstrabismus in humans to being approved for the treatment of a number of spasticity-related conditions, it has now started witnessing demand across nearly all important sub-specialties of the medicine sector. It was approved by the FDA in 2002 for the cosmetic application of decreasing glabeller forehead frown lines temporarily.

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Ever since, botulinum toxins continue to play a key role in the management of a wide range of medical conditions, especially hemifacial spasm, focal dystonias and strabismus, several spastic movement disorders, hyperhidrosis, hypersalivation, headaches, and certain chronic diseases that only partially respond to medical treatments. The set of potential new indications treatable by botulinum toxins is expanding at a rapid pace.

Cosmetological applications, one of the most popular and profitable applications of botulinum toxins, include correction of creases, fine lines, and wrinkles over the face, neck, chin, and chest. Dermatological applications of the toxin, including hyperhidrosis, are also gaining increased popularity, chiefly as botulinum toxin injections are often well tolerated and lead to few side effects.

Global Botulinum Toxin Market: Overview

The international botulinum toxin (BNT) market is gigantically advantaged by the soaring number of applications for different purposes. A recent study has revealed that BNT can be used for benefitting patients with shoulder disorders such as those who undergo rotator cuff surgery. BNT in the form of onabotulinum toxin A (OnabotA) is licensed in several countries such as Korea to help with neurogenic detrusor overactivity (NDO) induced urinary incontinence attributable to multiple sclerosis or spinal cord injury.

The world BNT market could be segregated as per two key classifications, i.e. product type and end use. Maintaining a promising share in the global market, botulinum toxin type A (BNTA) is envisioned to be a faster growing product with applications in both aesthetic and therapeutic fronts.

The report on the global BNT market has been compiled after taking comprehensive efforts to gather vital insights for procuring future growth prospects, opportunities to rise against the odds, and data related to the current and future competitive scenario.

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Global Botulinum Toxin Market: Trends and Opportunities

The aesthetic classification by type of end use is prognosticated to make a positive difference in the overall BNT market with a record share registered in 2015. BNT finds application in the treatment of glabellar lines, crows feet, and frown lines. As a result, it has received a significant demand in terms of primary cosmetic application for controlling aging signs and enhancing facial appearance.

Since BNT is a neurotoxin, the lackluster in the adoption of neurotoxins could raise questions on the demand in the global BNT market. The market growth could be further hindered with substandard reimbursement coverage on few products and extortionate treatment procedures. Moreover, shortness of breath and allergic reactions are some of the side effects witnessed on the part of neurotoxins.

However, a substantial number of BNT applications is expected to birth in the near future on account of large investments in research and development projects. The demand for BNT is anticipated to augment even more with the increase in demand for non-invasive and minimally invasive treatments. Vendors can also keep their hopes alive during any turmoil in the market with the escalation of geriatric population.

The therapeutic use of BNT is predicted to see a constant rise owing to the growing application of botulinum toxin B (BNTB) in the treatment of cervical dystonia and Xeomin and Dysport products for hyperhidrosis and blepharospasm.

Global Botulinum Toxin Market: Regional Outlook

Asia Pacific is analyzed to possess the potential to rise as a reliable geographical segment to bet the bottom dollar on. The demand in the Asia Pacific BNT market is envisaged to aggravate as players ride on the growing aged population and their need for anti-aging products. Besides augmenting disposable income, vendors in the Asia Pacific region could heavily benefit from the hot social awareness about commercial anti-aging products in countries such as Japan, China, and India.

Having won the crown of dominant growth in 2015, North America is expected to raise the growth bar once again on the back of the elevating BNT demand for improving external appearances and other aesthetic reasons.

Read Comprehensive Overview of Report @https://www.tmrresearch.com/botulinum-toxin-market

Global Botulinum Toxin Market: Companies Mentioned

Considering their influence in the world BNT market on the basis of commercial availability and brand identity, companies such as Merz Pharma GmbH and Co. KgaA, Ipsen Group, Allergan, Inc., US Worldmeds, LLC, and Medytox, Inc. are predicted to top the list of best global players. These players are foreseen to take advantage of the colossal adoption of BNT on account of tangible benefits such as speedy healing of wounds, shorter stay in the hospital, and small incision.

Highlights of the report:

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in todays supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Botulinum Toxin Market Expansion Projected to Gain an Uptick During 2025 - Science In Me

Mibelle calls on the Alpine rose to fight cellular senescence – Premium beauty

Eliminating senescent cells has emerged as a promising anti-aging therapy in the medical field in the past few years. With Alpine Rose Active[1], Mibelle Biochemistry is pioneering the novel senolytics concept in the cosmetics field.

When fibroblasts responsible for the production of collagen either age or encounter too many harmful oxidative stresses (such as UV light and pollution), they become senescent. Senescent cells are also called zombie cells because they no longer divide, but are also far from being dead. These cells continue to secrete signalling molecules that promote inflammation and can influence surrounding cells into also becoming senescent. In younger tissue, senescent cells are usually cleared by the immune system. In aged skin and skin that has been exposed to consistent stress, senescent cells accumulate. The resulting chronic inflammation exacerbates the aging process by promoting collagen degradation, which leads to a lack of skin elasticity.

Alpine Rose Active eliminates senescent skin cells, reduces redness and increases skin elasticity, rejuvenates the deep layers of the skin and protects skin proteins from oxidative stress (Photo: Mibelle Biochemistry)

Studies in medicine have shown that so-called senolytic molecules can eliminate these "old" cells and prevent disease. In order to adapt this concept in the cosmetic field, Mibelle called on the Alpine rose (Rhododendron ferrugineum), one of the most typical and prominent Swiss alpine plants.

Alpine Rose Active was shown to specifically clean-up misdirected, age-promoting senescent cells and in clinical studies to significantly reduce skin redness, increase skin elasticity and protect from UVA induced photo-aging, explains the Swiss-based expert in botanical actives.

To assess the properties of this new active ingredient, Mibelle Biochemistry carried out an in vitro study and two clinical studies.

In vitro, a treatment with 1% Alpine Rose Active significantly reduced the number of senescent fibroblasts in a mixture of senescent and healthy fibroblasts, while not affecting the number of healthy cells.

In vivo, the application of a cream with 2% Alpine Rose Active twice daily on volunteers showed that redness was significantly reduced after 14 days by 8.4%, while skin elasticity significantly increased after 28 days by 16.1% compared to placebo.

In a second in vivo study, using a cream with 2% Alpine Rose Active allowed to completely prevent the oxidation of skin proteins after UVA-irradiation compared to placebo.

Alpine Rose Active is a purified extract of organic alpine rose leaves. This robust and hardy plant grows in the high Alpine regions of Switzerland and is carefully harvested by sustainable wildcrafting. The extract is COSMOS approved and organically certified by EcoCert.

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Mibelle calls on the Alpine rose to fight cellular senescence - Premium beauty