Sunday, 24 May 2020, 06:38:23
Is the BP share price the biggest bargain in the FTSE 100? Roland Head assesses an uncertain future and the risk of a dividend cut. The post Where will the BP share price be in 5 years? appeared first on The Motley Fool UK .
— The Motley Fool UK
Reliance estimates USD 200-400 million liability in KG-D6 cost recovery dispute
Sunday, 24 May 2020, 05:27:10
NEW DELHI: Reliance Industries has estimated a maximum liability of USD 400 million (Rs 3,000 crore) in its nine-year old dispute with the government over alleged under-utilisation of capacity at the KG-D6 field due to failure to comply with an approved investment plan.Natural gas output from Dhirubhai-1 and 3 gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production itself in 2010 and the field ceased to produce in February this year much ahead of its projected life.The government blamed the phenomenon to the company not sticking to the approved development plan and disallowed over USD 3 billion costs. The company disputed this and dragged the government to arbitration.In its mega rights issue offer document, Reliance said the central government sent notices to the firm and its partners in the KG-D6 block “disallowing cost recovery for alleged under-utilisation of capacity due to failure to comply with the approved development plan and demanded an additional share of profit petroleum.””The company contended that there are no provisions in the KG-D6 contract which entitle the Central Government to disallow cost recovery on this basis,” it said.The Production Sharing Contract or PSC allows contractors to recovery all their capital and operating cost from the sale of oil and gas discovered and produced from a block before sharing profits with the government.
— Economic Times India
Firefighters tackle blaze next to petrol station
Saturday, 23 May 2020, 13:14:10
The fire broke out in a bin store next to the BP garage in Shirley
— Birmingham Live
Australian worker sacked over Hitler parody video has win in federal court
Saturday, 23 May 2020, 01:42:14
The BP technician privately shared a Downfall meme to parody heated pay negotiations A BP worker who was sacked after privately sharing a version of a Hitler parody video during pay negotiations has had a win in the federal court. The Downfall meme format has been widely circulating on the internet for more than a decade, with users adding their own subtitles to a clip from the 2004 German film Downfall, showing a highly agitated Adolf Hitler in his bunker screaming at his military commanders in the final days of the war. Continue reading…
— The Guardian
Microsoft just revealed its first industry-specific cloud and these recent hires hint which industries could be next (MSFT)
Friday, 22 May 2020, 18:52:03
Microsoft introduced a cloud initiative tailored specifically for the healthcare industry during the company’s Build developer conference this week, following similar initiatives from Google, IBM, and Amazon. It’s Microsoft’s first industry-specific cloud, and the company hired Greg Moore, the executive running it, in 2019. The company also recently hired executives with expertise in the financial services and energy industry, which suggests that specific clouds for those industries could be coming next. The push towards industry-specific offerings also is indicative of what one Microsoft executive said is one of the biggest changes Nadella has made: changing the company from a “horizontal” one that produces products for general purposes to one with a focus on verticals, like the healthcare industry. View Business Insider’s homepage for more stories. Microsoft introduced its first industry-specific cloud this week — Microsoft Cloud for Healthcare — and the company’s recent hires suggest that the financial services and energy industries could be next.
— Business Insider