International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management's discussion and analysis (MD&A) for the year ended December 31, 2020. IPC is also pleased to announce its 2021 capital expenditure budget of USD 37 million and its 2021 production guidance of between 41,000 and 43,000 barrels of oil equivalent (boe) per day (boepd).
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"2020 was certainly the year when we were all called upon to rise up and face the unprecedented challenge of dealing with the outbreak of the Covid-19 pandemic effects. The restrictions we all had to endure to combat the virus in early 2020 turned our world upside down, leading to a collapse in oil demand and profound oil price weakness. The lack of an early agreement by OPEC+ on a supply response only served to exacerbate market balances which had already become severely dislocated.
In case you are keeping track:
The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an
Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B.
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Last week I highlighted how Lime was getting into the shared moped business. Now, shared moped startup Revel is getting into the EV charging game . I wonder if we are starting to witness the beginning of a business diversification trend in micromobility?
Revel said it is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said this new "Superhub," which is located at the former Pfizer building in Brooklyn, will contain 30 chargers and be open to the public 24 hours a day. This will be the first in a network of Superhubs opened by Revel across New York City, the company said.
Shen council reviews budget numbers | News | kmaland.com
St. James Shell refinery shut down "essentially complete", budget cuts loom over parish
ST. JAMES PARISH – Time is running out at the Shell Refinery in Convent. At the end of the month, the first round of layoffs will take place eventually leaving around 700 without a job if they aren’t relocated. The parish was hoping it wouldn't come down to this.
"It's pretty somber in the community to say the least,” said Parish President Pete Dufresene. “We have a lot of families who depend on this revenue, income from the refinery, a lot of kids in schools and a lot of home mortgages.”
While you're here, how about this:
Strategies CIOs can leverage to avoid cloud cost overrun | CIO Dive
Four in every 10 organizations see their cloud budgets spill over. Governance structures and financial modeling can play a role in prevention.
For the past five years, Sykes Enterprises has been on a push to migrate workloads onto the cloud. The objective was scale, especially for internally developed systems.
One of the first solutions it migrated was the oneTEAM platform, a proprietary workforce management system which supported a work-from-home business unit of about 5,000 customer service agents. Then the pandemic hit, and the platform stretched to 40,000 agents as everyone went home.
Budget new rules on holding firms queer pitch for sovereign, pension funds | Business Standard
Sachin P Mampatta | Mumbai Last Updated at February 10, 2021 01:16 IST
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The Union Budget 2021-22 has made it easier for sovereign wealth funds and pension funds to invest in Indian infrastructure projects, but some of the new rules may need more clarity, experts said.
The proposed regime requiring investments through holding companies may have adverse tax implications for such funds and may create an arbitrage between the new and old projects, they said. Besides, the ownership structure of holding companies through which investments are to be made requires further clarification, they added. "While investments can be made through holding company ...
Budget 2021-22: What Changes For Your Personal Finances? – Forbes Advisor INDIA
India’s Finance Minister Nirmala Sitharaman announced the Union Budget 2021-22, which she said was prepared in "circumstances like never before," as the world is facing a serious challenge of the pandemic and its aftershocks.
The Budget proposed changes that would make your personal finance checklist look different. For instance, an investor charter will now protect your rights as a consumer when choosing a financial product. This is interesting at a time when Indians are increasingly concerned about their financial health amid a raging global pandemic.
House Democrats unveil key budget details, call for $15 minimum wage
The House Committee on Education and Labor released a draft of its budget bill on Monday, detailing key components of the pandemic relief package. It includes a gradual federal minimum wage increase, funding for reopening K-12 schools, and additional pandemic benefits.
Happening on Twitter
President @JoeBiden and I are committed to a rules-based international order. We look forward to consolidating our… https://t.co/eYuZmJdPSv narendramodi (from India) Mon Feb 08 17:33:29 +0000 2021
Things India can't defeat in February: England Pakistani boxers Pine trees Farmers International tea conspirators DennisCricket_ (from Shastri's facemask) Tue Feb 09 08:49:55 +0000 2021
Last October, Senate juror Lindsey Graham was at Trump International with Florida Proud Boys leader Joe Biggs. 72… https://t.co/RZJIEgKSAv SethAbramson (from All views are my own.) Mon Feb 08 17:14:31 +0000 2021
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