...10-110 Rev. April 3, 2012 BP and the Deepwater Horizon Disaster of 2010 Christina Ingersoll, Richard M. Locke, Cate Reavis When he woke up on Tuesday, April 20, 2010, Mike Williams already knew the standard procedure for jumping from a 33,000 ton oil rig: “Reach your hand around your life jacket, grab your ear, take one step off, look straight ahead, and fall.”1 This would prove to be important knowledge later that night when an emergency announcement was issued over the rig’s PA system. Williams was the chief electronics technician for Transocean, a U.S.-owned, Switzerland-based oil industry support company that specialized in deep water drilling equipment. The company’s $560 million Deepwater Horizon rig was in the Gulf of Mexico working on the Macondo well. British Petroleum (BP) held the rights to explore the well and had leased the rig, along with its crew, from Transocean. Of the 126 people aboard the Deepwater Horizon, 79 were from Transocean, seven were from BP, and the rest were from other firms including Anadarko, Halliburton, and M-1 Swaco, a subsidiary of Schlumberger. Managing electronics on the Deepwater Horizon had inured Williams to emergency alarms. Gas levels had been running high enough to prohibit any “hot” work such as welding or wiring that could cause sparks. Normally, the alarm system would have gone off with gas levels as high as they were. However, the alarms had been disabled in order to prevent false alarms from waking people in the middle of...
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...legal environment. Court cases dealing with employee loyalty and its limits have changed the legal aspects of employment dramatically in the last twenty years. A sketch of those changes will be made here. Section two discusses some theoretical attempts at resolving the tension between company loyalty and public responsibility. Finally, the third section describes actual policies that different corporations and government agencies have used to deal with the issue of employee rights. Legal and Regulatory Environment The trend in the law is toward increased recognition of employee rights. Until recently, American law has been governed by the common-law doctrine of "employment at will," where, in the absence of a contract, an employer can discharge an employee at any time and for whatever reason the employer considers relevant. This doctrine determined the Pennsylvania Supreme Court's position in a 1967 case of Geary v. United States Steel Corp1. Mr. Geary was not educated as an engineer, but he had 14 years of engineering experience with U.S. Steel. Mr. Geary became convinced that a new type of pipe that U.S. Steel was using was unsafe under high pressure. He attempted to make his concerns known to management, but was rebuffed. Finally a vice president listened, and an investigation vindicated Mr. Geary's concerns. A costly blunder was thus averted. For his efforts Mr. Geary was fired on July 13, 1967, on grounds of insubordination. In a 4-3 decision, the Pennsylvania Supreme Court denied...
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...Customize View Search: View: Current Investment Prior Investment Current Subsidiary/Operating Unit Prior Subsidiary/Operating Unit Merged Entity Current Investment Arm Prior Investment Arm Pending Acquisition/Investment Cancelled Acquisition/Investment Group By: Investments Company Name Relationship Type Primary Industry Last Investment Date LTM Total Rev. ($mm) LFQ Total Assets ($mm) LFQ Total Debt ($mm) Period End Date Cuadrilla Resources Holding Limited Pending Acquisition/Investment Oil and Gas Exploration and Production Feb-16-2010 - - - - Website: There is no website for this company Business Description: Cuadrilla Resources Holding Limited operates as an oil and gas exploration and production company. The company was founded in 2007 and is based in the United Kingdom. Investment Coverage: - Relationship with Investor/Parent: Total Investment ($mm): - Expected Exit Date: - Percent Owned (%): - Return on Investment (%): - Controlling Interest: - Investor Notes: - Transactions: Date: Feb-16-2010 Type: Private Placement Size ($mm): 58.00 Status: Announced Eagle Energy, LLC Pending Acquisition/Investment Electric Utilities Dec-21-2009 - - - - Website: www.eagleenergyllc.com Business Description: Eagle Energy, LLC provides alternative energy supply, and electricity and natural gas consulting and aggregation services to commercial, industrial, and governmental entities. The company also offers...
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...BURTON SNOWBOARDS - COMPANY PROFILE Burton Snowboards, the world’s first snowboard factory, is a rider-driven company solely dedicated to creating the best snowboarding equipment on the planet. Burton’s passion is snowboarding, evident by their commitment to involve riders in every step of the product development process. Headquartered in Burlington, Vermont with international offices in Innsbruck, Austria and Tokyo, Japan, Burton has lead the snowboard industry for 26 years. By supporting a Global Team of the world’s top riders, Burton Snowboards has fueled the growth of snowboarding worldwide. Their support and development of successful programs like Learn To Ride (LTR), The Chill Foundation, Free the Snow and the US Open Snowboarding Championships has also contributed to snowboarding’s tremendous growth and exposure over the years. Jake Burton, founder and owner of Burton Snowboards, has dedicated the past 26 years of his life to snowboarding. In 1977, Jake founded Burton Snowboards in South Londonderry, Vermont. Through the years, he’s played a vital role in transitioning snowboarding from a backyard hobby to a world-class sport. Deemed the ‘Pioneer of Snowboarding’, Jake just sees himself as someone who loves to ride. Just like everybody else who works at Burton, Jake comes to the office, snowboards as much as possible and brings his dog to work if he feels like it. Burton employees play hard and work even harder. Working for Burton is a 24/7 job – you work and live...
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...healthcare, lighting, locomotives, oil, software, water, weapons, wind turbines | Revenue | US$ 147.359 billion [3] (2012) | Operating income | US$ 17.406 billion [3] (2012) | Net income | US$ 13.641 billion [3] (2012) | Total assets | US$ 685.300 billion [3] (2012) | Total equity | US$ 123.000 billion [3] (2012) | Employees | 301,000 [3](2012) | Subsidiaries | GE Capital, GE Energy,GE Home & Business Solutions, GE Technology Infrastructure, GE Aviation NBCUniversal [4](49%) | Website | GE.com [5] | General Electric Company, or GE (NYSE: GE [1]), is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States.[2][6] The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial.[7][8] In 2011, GE ranked among the Fortune 500 as the 6th-largest firm in the U.S. by gross revenue,[9] as well as the 14th most profitable.[10] Street entrance to GE Headquarters in Fairfield, Connecticut However, the company is currently listed the 3rd-largest in the world among the Forbes Global 2000,...
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...William Randolph Hearst Report by: Student Name Flamboyant and exceedingly rich, William Randolph Hearst was a powerful American journalist, and newspaper publisher, who built a sizeable publishing empire, the nation’s most extensive newspaper chain and whose techniques profoundly impacted American journalism. At the peak of his success, he controlled in excess of two dozen newspapers, a variety of news syndication services (for example American Weekly), and more than a few well-known magazines (which included Good Housekeeping, Cosmopolitan, and Harper’s Bazaar). William Randolph Hearst was born on April 29, 1863 in San Francisco, California. His father was George Hearst, a politician, influential industrialist, and publisher, who had accumulated a multimillion-dollar fortune in mining interests. His mother, Phoebe Apperson Hearst, was formerly a schoolteacher. Being the sole child of phenomenally wealthy folks, Hearst got spoiled, and provided all the advantages throughout boyhood. At age sixteen, Hearst managed to graduate from New Hampshire’s esteemed St. Paul’s Preparatory School, and entered Harvard University, wherein he exhibited the very first indications of coming to be a future publishing tycoon. At Harvard, he excelled at journalism and also served as the business manager of the Harvard Lampoon, the university’s comedy magazine. His election to the “Hasty Pudding” theatrical group unveiled his natural talent and interest in drama. While at Harvard...
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...interim dividend entitlement 30 SEPTEMBER 2015 Interim dividend payable if declared 22 FEBRUARY 2016 Full year results and final dividend announcement 08 MARCH 2016 Record date for final dividend entitlement 31 MARCH 2016 Final dividend payable if declared * These dates are subject to change. Corporate Governance Statement 16 2014 Financial Report for Caltex Australia Limited 17 Directors’ Report 62 Consolidated income statement 63 Consolidated statement of comprehensive income 64 Consolidated balance sheet 65 Consolidated statement of changes in equity 66 Consolidated cash flow statement 67 Notes to the financial statements 67 1. Significant accounting policies 76 2. Revenue and other income 76 3. Costs and expenses 77 4. Income tax expense 79 5. Dividends 79 Basic and diluted earnings per share 6. 80 7. Receivables 81 8. Inventories 81 9. Other assets 81 10. Other investments 82 11. Intangibles 83 12. Property, plant and equipment 85 13. Payables 85 14. Interest bearing liabilities 86 15. Provisions 86 16. Issued capital 87 17. Financial instruments 93 18. Employee benefits 96 19. Commitments 97 20. Contingent assets and liabilities 98 21. Auditor’s remuneration 98 22. Particulars in relation to controlled entities 102 23. Investments accounted for using the equity method 104 24. Interest in joint venture operations 104 25. Notes to the cash flow statements 105 26. Business...
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...amorphous thermoplastics. Examples are polypropylene (PP), polyethylene (PE) [1]. S. Amin and M. Amin In order to resolve the problem of low thermal and chemical stability of thermoplastic elastomers, dynamic vulcanization techniques were used in late ] plastic. In dynamic vulcanization the thermoplastic and elastomers are both cross-linked and physically mixed together. This gave rise to a second generation of thermoplastic elastomers which had better tensile strength and oil resistance as compared to those formed by physical mixing only [8]. ] ] ] _ were introduced which were made by same dynamic vulcanization process but using natural and butyl rubbers in place of EPR and EPDM. Natural and butyl rubbers have the advantages like low cost, very good over molding properties, reusable and very easily recyclable scrap [9,10]. Butyl rubber based thermoplastic elastomers have excellent adhesion with other thermoplastics hence it is still used to date for many over molding applications [11]. A list of common thermoplastic elastomers used in modern world is given in Table 1. 1.2.2. Amorphous thermoplastics They are usually transparent and have diffused melting point. The molecules are arranged randomly and ] ] _ to crystalline polymers. Upon curing they shrink less as compared to crystalline thermoplastics [3,4]. Examples are polycarbonate (PC), polymethylmethacrylate (PMMA), polystyrene (PS), polyphenylene oxide (PPO), acrylonitrile butadiene styrene (ABS) [1]. 1.2.3. Semi-crystalline...
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...Global Information Assurance Certification Paper Copyright SANS Institute Author Retains Full Rights This paper is taken from the GIAC directory of certified professionals. Reposting is not permited without express written permission. Interested in learning more? Check out the list of upcoming events offering "Security Essentials Bootcamp Style (Security 401)" at http://www.giac.org/registration/gsec Key fingerprint = AF19 FA27 2F94 998D FDB5 DE3D F8B5 06E4 A169 4E46 © SA NS In sti tu te © SANS Institute 2004, As part of GIAC practical repository. 20 04 Valdo Araiza 3/30/2004 ,A GIAC Security Essentials Certification (GSEC) Practical Assignment Version 1.4b ut ho rr Technological Advances and the Effect on Physical Security eta ins fu ll r igh ts. Author retains full rights. Abstract The strides in technology each year have surpassed the previous year by leaps and bounds and will probably continue to do so in the future. Information technology continues to advance in ways that greatly benefit society on many levels but as the increasing benefits develop so do the security vulnerabilities associated with information technology. Hardware and software is being released to the general public that can help people be more productive but this same technology can be used to infiltrate or impede practiced physical security measures whether that effort is intentional or not. In this paper we will explore both...
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...1 Innovation in Africa: A View from the Peaks and Hilltops of a Spiky Continent* By David A. Wernick, Florida International University College of Business *From the forthcoming book Innovation in Emerging Markets, edited by J. Haar and R. Ernst (Palgrave, 2016). Please do not circulate or quote without consent of author. ABSTRACT: There is growing interest among scholars and practitioners in African innovation. Some contend that the continent's recent economic boom is largely a homegrown phenomenon, driven primarily by indigenous entrepreneurs developing local content for continental consumers. But is this true? To what extent is Africa's impressive economic performance in recent years the result of internal dynamics and which actors and institutions are most responsible? This chapter examines the state of innovation across the African continent, with a particular focus on sub-Saharan Africa. The authors identify key facilitators of innovation in the private, public, and non-profit sectors, as well as obstacles to the continent’s continuing innovation-led economic expansion. I. Introduction In a widely read 2005 article in the Atlantic Monthly, author Richard Florida argued that with respect to innovation, the world is anything but flat. Given the way that creative talent, technical expertise, and financial capital tend to cluster in a handful of hubs or “peaks” around the world – places such as New York, San Francisco, London, Berlin, and Tokyo – the world’s...
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...8/6/2014 Print Property: Personal, Intellectual, and Real Learning Objectives 11 After studying this chapter, you will be able to: 1. Distinguish between personal, intellectual, and real property. 2. Explain how personal property is acquired. 3. Discuss the definition and significance of bailments. 4. Define different types of tenancies in real property. 5. Discuss the concept of eminent domain. Ryan McVay/Photodisc/Thinkstock The concept of property and ownership is one that has long been important in both society in general and law in particular. English philosopher and political theorist John Locke saw it as "the reason why men enter into society," and Walter Lippmann, the American journalist, described it as "the only dependable foundation of personal liberty." Some have gone so far as to say that the main reason for law is to protect property rights. Even if one does not subscribe to such a narrow purpose, there is no doubt that the law is much concerned with property and rights of ownership. Property can be defined as the right of an individual to exclusively possess, use, and dispose of anything that is capable of being owned. Broadly speaking, property can be divided into three separate types: personal property, intellectual property, and real property. Personal property is characterized by its portable nature; it can be carried from place to place. Furthermore, personal property can be either tangible or intangible. Tangible personal property encompasses...
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...A Domestic Solar Hot Water System for Southern Ontario Submitted by: Steve C. Wyndham A.Sc.T. OACETT Membership #: 0856807 Submitted to: OACETT 10 Four Seasons Place, Suite 404 Toronto, ON M9B 6H7 Discipline: Environmental Date Submitted: August 15, 2014 Declaration of Sole Authorship I, Steve Wyndham, confirm that this work submitted for assessment is my own and is expressed in my own words. Any uses made within it of the works of any other author, in any form (ideas, equations, figures, texts, tables, programs), are properly acknowledged at the point of use. A list of the references used is included. Signature: Date: August 18, 2014 Acknowledgments The author would like to acknowledge the use of the Queen’s University On-line Library for access to Research Journals. Abstract Global warming is one of the most potentially disastrous issues facing mankind in the early 21st century, considered to be caused by man-made greenhouse gas emissions. Approximately 30% of the man-made carbon dioxide (CO2) emissions causing global warming is created by the burning of fossil fuels to produce electricity or used as a direct energy source. The use of solar energy to pre-heat water for industrial, commercial and institutional and residential purposes can reduce electricity usage by up to 2% to 6% in southern Ontario. Adding the emissions from using natural gas directly to heat water a figure of 5% to 17% reduction in CO2 emissions can be derived by the...
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...IT’S MY BIKE Debbie Martin was overjoyed when she was selected the new Supplier Quantity Manager for the commercial product division of Cold Air Corporation. In this role, she was responsible for monitoring the quality of component parts for twelve production lines scattered throughout the large manufacturing plant. When she started the new position, Debbie knew she would be faced with many opportunities and conflicts. Her immediate supervisor, the manager of shipping and receiving, was not known as an easy person to work for. He expected his subordinates to have a take charge attitude and to avoid bothering him with trivial issues. What Debbie had not envisioned was just how trivial and non-productive some of the conflicts in her new position would be. She certainly had not expected to be on the verge of a fistfight. Debbie was just starting her shift when she received a telephone call from Ronnie, one of her subordinates. Ronnie was a purchasing parts inspector, and was responsible for inspecting certain incoming parts for all production lines in the plant. He was complaining that the Airhandler Quality team had borrowed “the bike” for a special project and would not return it. He reminded Debbie of his current project and how covering the entire 15-acre plant on foot would only delay completion of the project. Debbie rolled her eyes as she thought about the logistics of inspecting component past’s three separate buildings. She also realized that Ronnie had a...
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...CHAPTER 7: DEDUCTIONS AND LOSSES: CERTAIN BUSINESS EXPENSES AND LOSSES 1. James is in the business of debt collection. He purchased a $20,000 account receivable from Green Corporation for $15,000. During the year, James collected $17,000 in final settlement of the account. James can take a $2,000 bad debt deduction in the current year. a. True b. False ANSWER: False RATIONALE: James has a basis of $15,000 in the account receivable and hence, he has income of $2,000. 2. If a business debt previously deducted as partially worthless becomes totally worthless this year, only the amount not previously deducted can be deducted this year. c. True d. False ANSWER: True 3. Last year, taxpayer had a $10,000 nonbusiness bad debt. Taxpayer also had an $8,000 short-term capital gain and taxable income of $35,000. If taxpayer collects the entire $10,000 during the current year, $8,000 needs to be included in gross income. e. True f. False ANSWER: False RATIONALE: The taxpayer must include the $10,000 in gross income to the extent of the tax benefit received last year. The entire $10,000 deduction provided a tax benefit; $8,000 offset by the short-term capital gain and $2,000 offset against ordinary income. 4. A cash basis taxpayer must include as income the proceeds from the sale of an account receivable to a collection agency. g. True h. False ANSWER: True 5. If an account...
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...Executive Summary A. Market Study Food and parties have been a part of the culture of the Filipino. Filipino have always been a food lover, be it traditional food or food from another country. Hot is an adjective word that means having or giving off heat; having a high temperature; showing intense; requiring immediate delivery or correspondence; demanding priority. Spot is a noun word that means a place or locality; a specific position in a sequence. The owners chose this name because of the very reason that it is catchy and the word itself is explainable; it will be easily understood by their chosen target markets. Also, the owners thought of using this name because their main mission is to serve their customers with products that are warm and fresh. It features a variety of menu such as salads, pasta, hamburgers, rice meals, desserts and beverages hot or cold, alcoholic or non-alcoholic. It is also known for having the best ambiance having a laid back style with a twist of modernized furniture. Rest assured that Hotspot bar restaurant will maintain its security well. Hotspot bar and restaurant is an establishment that is very flexible and in its operations, it will make sure to cater to the needs and wants of every individual of all ages. B. Technical Study Burgers was introduced to the Philippines by the Americans, since then the Filipinos are fond of eating burgers. Hotspot bar and restaurant wants to be known for their best tasting burgers but they...
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