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This edition of the “Government Contracts Regulatory and Legislative Update” offers a summary of and insight into the relevant industry developments that occurred during the month of February.
Executive Orders
President Biden Issues Executive Order to Strengthen America’s Supply Chains
On February 24, President Biden signed the Executive Order on America’s Supply Chains, to deliver on his campaign promise to strengthen critical supply chains and bolster domestic manufacturing capabilities. The Executive Order (EO) calls for a 100-day, whole-of-government assessment of four critical supply chains: semiconductors, large-capacity batteries, critical minerals and pharmaceuticals. In addition, it directs federal agencies to conduct broader, year-long reviews of six additional supply chains to include the defense industrial base; public health, information technology, communications technology, energy, transportation
Safety training and technological fixes can cut the massive death toll from fires each year
Nearly all major Indian cities have a brush with destructive but often preventable accidental fires each year, leaving in their wake lost lives and destroyed property. The blaze in the Eastern Railway headquarters in Kolkata on the evening of March 8, which killed at least nine people, is particularly egregious because it took place in a modern multi-storeyed special building. What the preliminary account of the fire and its aftermath suggests is a textbook case of poor attention to fire safety basics and, possibly, the absence of robust fire mitigation technologies. Whatever the sequence of events, the unfortunate incident in the central part of a vibrant city has taken the lives of a group of first responders, including four firefighters, a police officer and some railway staff. Apparently anxious to intervene, a group of personnel lost sight of their own safety and tried to speed up to th
Frontera Announces 2020 Year End Reserves
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Extended Net 2P Reserves Life Index to 10.6 years in Colombia
2P Reserves Net Present Value (10% discount) of $1.888 billion Before Tax
Added 18.9 MMboe Net 2P reserves from Colombia fields
TORONTO, March 3, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (
D&M ). All dollar amounts in this news release and the Company s financial disclosures are in United States dollars, unless otherwise noted.
Richard Herbert, Chief Executive Officer, commented: In 2020, Frontera safely and efficiently added 30.6 MMboe Proved plus Probable (
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