Cameron International Corp Essay Example for Free

Cameron International Corp Essay The three major issues facing Cameron International (CAM) are acquisitions, environmental, and competition risk. Cameron International is primarily involved in the manufacture of petroleum production equipment, compression and power equipment to direct flows of oil and gas wells. Acquisitions The company is formerly known as Cooper Cameron Corporation. The company growth depends on the availability of natural resources. To be able to be competitive in the industry, it needs to analyze the existing processes and identify the best production method for harnessing oil and gas, and adjusting it manufacturing operations towards the identified need. The Company made significant investments in improving its services and products over the years. During 2004 to 2005, the company has acquired Petreco International and Dresser Flow Control Businesses. Also, â€Å"Recently CAM paid approximately $44 million to acquire DES Operations Limited, a Scotland-based supplier of production-enhancement technology, which will enhance the subsea operations within the Drilling and Production Systems segment† (value line). Subsea operations is the new direction to which the company is heading. In fact, the company is currently working on more than 15 major subsea projects using motors and other equipment made by an aerospace-industry contractor (Factiva Wall Street Journal). These projects will require a longer time, a large increase in financial scope, a need in substantial engineering, and it will also involve the application of existing technology to new environments or new technology (CAM 10K 2006 p. 7). Because this new operations are larger and more complex than traditional operations, the Company may not be prepared for meeting the expertise and technical requirements of the projects. Failure to meet client’s expectations does not only lead to loss in revenue, but also to loss of the significant financial investments committed by the company towards this innovation. The company has had both success and failures in this new endeavor. Subsea operations account for eight percent (8%) of the company’s revenue in 2006 (CAM 10K 2006 p. 7). According to Fortune magazine, the company has raised earnings by producing an array of subsea valves, wellheads and blowout protectors which are currently on high demand. The result is expected to make Camerons profits to climb thirty-nine percent (39%) this year. On the other hand the company experienced backlogs on the projects, amounting to as much as four hundred eight million dollars ($408 millions). Based on these figures, it is clear that the new operations of the Company can be lucrative and risky. As mentioned above, the new operations involve the following risks: not meeting client’s expectations, incurring delay, loss of revenue, loss of opportunity and loss of capital. Environmental Litigation The Company has a strong policy on environment sustainability and has implemented measures to ensure the quality, safety and reliability of its products. It utilizes an all electric sub-sea production system which is designed to reduce environmental contamination risks. It line of compression products offer greater efficiency and reduced emission levels. (Annual report 2006 p. 9) The company has conducted oil risk spills analysis through the OSRA models originally developed by Smith and company, which has been enhanced over the years and uses realistic data fields of winds and ocean currents in the GOM (OCS Report 2007). However, it may be noted that with Cameron’s policy to pursue an electric sub-sea production system, the risk of oil spills is reduced and the likelihood of it being involved in a major oil spill is reduced. In addition to this, the company has exerted efforts towards managing environmental risks involved in subsea operations by contributing in the development of a shut-off device called Environmental Safe Guard. This device has been proven successful in operation under 2000-m water (Simondin, et. al. 2005). Competition Risk Cameron International has maintained a track of growth in the oil industry, from 1833 up to the present. It currently manufactures 50 different brands of drilling and production systems. Growth can be expected to continue. As pointed out in the Company’s annual report (2006), sales of equipment like compression systems has registered a steady increase with the greatest share of revenues accruing from sales outside the United States. The Company has maintained an excellent revenue growth rate at thirty-nine point sixty-seven percent (39. 67%). It also has a net income growth rate of eighty-one point eighty-eight percent (81. 98%), while maintaining a good debt to equity ratio of forty-three point fifty-two percent (43. 2%). Debt to equity ratio is good compared to the industry average of 63% (Corn 2007). A comparison of the company’s ratios with others in the fields provides a clearer picture of its performance in the industry. The company’s touted revenue growth rate is ranked fifteenth (15th) in the industry and is extremely small compared to the leading company. Its long term growth rate is assessed as twenty-one percent (21%), also fifteenth in the industry. These ratios show us that the company’s performance is not the leading company in its industry but it does perform respectably compared with the other players. In its 10K, the company claims that it has a growing global market (CAM 10K p. 7). Some financial analysts agree with this statement. The CEO of Clear Indexes LLC and Clear Asset Management LLC claims that there is an increasing demand for oil in China and India and the Company is â€Å"ideally placed† in supplying the demand for increased production (Corn). However, because of the ties of Corn’s own company with CAM, this statement should not be taken at its face value. In the 30 April 2007 issue of Fortune, the company is only seventh in the industry with Halliburton ranking first. On a positive note, the company did climb up the Forbes 500 list with a present ranking of five hundred fifty-third (553rd) from last year’s six hundred eighty-fifth (685th). (Fortune 500 annual ranking) Based on the analysis above, the company’s performance is acceptable but not stellar. The changes made by the company towards subsea operations may be the wave of the future, providing not only a significant portion of the company’s revenues but also lowering environmental liability risks that are necessarily included in the company’s operations. The move, however, is not without its disadvantages. Subsea operations requires the commitment of large amounts of capital and expertise, expertise that the company has not fully mastered. The failure of the company in this endeavor will adversely affect the company’s growth for years to come.

Capital Punishment Essay - Benefits of the Death Penalty :: Argumentative Persuasive Essays

Benefits of the Death Penalty Have you ever thought about if the person next to you is a killer or a rapist? If he is, what would you want from the government if he had killed someone you know? He should receive the death penalty! Murderers and rapists should be punished for the crimes they have committed and should pay the price for their wrongdoing. Having the death penalty in our society is humane; it helps the overcrowding problem and gives relief to the families of the victims, who had to go through an event such as murder. First, people should know the history of the death penalty. The death penalty has a long history dating back to the 16th Century BC. "In 16th Century BC Egypt, a death sentence was ordered for members of nobility, who were accused of magic. They were ordered to take their own life. The non-nobility was usually killed with an ax"(Burns). During the 18th Century BC, King Hammurabi of Babylon had a code that arranged the death penalty for 25 different crimes although murder was not one of them (Burns). The death penalty has been around since the time of Jesus Christ. Executions have been recorded from the 1600s to present times. From about 1620, the executions by year increased in the US. It has been a steady increase up until the 1930s; later the death penalty dropped to zero in the 1970s and then again rose steadily. US citizens said that the death penalty was unconstitutional because it was believed that it was "cruel and unusual" punishment (Amnesty International). In the 1970s, the executions by year dropped between zero and one then started to rise again in the 1980s. In the year 2000, there were nearly one hundred executions in the US (News Batch). On June 29, 1972, the death penalty was suspended because the existing laws were no longer convincing. However, four years after this occurred, several cases came about in Georgia, Florida, and Texas where lawyers wanted the death penalty. This set new laws in these states and later the Supreme Court decided that the death penalty was constitutional under the Eighth Amendment (Amnesty International). The very first legal executions came in the United States was during the Revolutionary War against Great Britain. British soldiers hung the first person to die by the death penalty, Nathan Hale, for espionage (Farrell).

Early years education Essay

1.1 – Summarise entitlement and provision for early year’s education There are many different types of early year’s provision which has been funded by the government for early years education. All three and four year olds are entitled to 15 hours of free early year’s education entitlement per week across the 38 weeks of the annual year. Theirs are five different settings where Parents can choose to give their child for their Free EY Entitlement they are: †¢Pre-school playgroup-. It is an early childhood program in which children combine learning/education with play and it is an organization that is provided by fully trained and qualified staff †¢Private Day nursery- A facility provided for the care and learning for children from the birth to 5 they are usually run by a business or a private organisation and are not linked with the government. †¢Child-minder (who belongs to a registered child-minder network)-child minders are self-employed providing the care for children in their own homes , they offer full time or part time places or flexible arrangements. Child minders are registered with the Ofsted and are inspected in accordance with the Ofsted procedures and regulations to ensure that he child-minder is providing and safe and suitable environment for the children. †¢Maintained nursery school- is a school for children between the age of 3 and 5. It is run by fully qualified and trained to staff who encourage and supervise education play and learning rather than just providing childcare. It is part of early childhood education. †¢Nursery or reception class in a primary or independent school -Nursery schools provide a more direct and structured education for early years children aged 3 to 5 Some may be part of an independent school for older age groupseg infant and primary schools. Reception classes are run by a qualified teacher. 1.3 – Explain the post 16 options for young people and adults

The Ultimate Reason For Othello s Tragedy - 1202 Words

Jianbai Niu Mrs. Mcabbinm ENG4U 2017. 10. 30 The Ultimate Reason For Othello’s Tragedy--Self-Contempt Speaking of the reasons of Othello’s tragic ending, the opinions have been various. Some people believe that racial discrimination contributes to the tragedy; some deem that Othello’s character defects causes the tragedy; some think that the instability of their love leads to the tragic end†¦Ã¢â‚¬ ¦ In my opinion, many of these factors are the by-products of his self-contempt, the most fundamental reason of Othello’s tragedy should be inferiority complex. First comes the Venetian military. Their reliance gives him the possibility to live a normal life as a normal Venetian and even higher status. Second is the senators’ compromising on his†¦show more content†¦Which i observing, took once a pliant hour, and found good means to draw from her a prayer of earnest heart† (1. 3. 141-151). He observes every hint from Desdemona and acts upon them to win Desdemona’s admirati on. Secondly, as for the content of their conversation, to some extent, he exaggerates about his experiences on the battlefield, for the purpose of winning her admiration. This is the presentation of being self-contemptuous. â€Å"Of being taken by the insolent foe and sold to be slavery†¦ and of the Cannibals that each other eat, the Anthropophagi, and men whose heads grew beneath their shoulders† (1. 3. 136-144). According to the common sense, Cannibals may exist, but there cannot be any creatures whose heads grow underneath their shoulders. Therefore, there is a great possibility that Othello tells these exaggerated but vivid stories to attract Desdemona who has never come close to such things, and he tells his sufferings to gain her sympathy and love. Thirdly, as for the form of their marriage, it is not open and upright but in secrecy. It seems that, when being retorted in public at the council chamber, his behavior and speech â€Å"Not I. I must be found. My parts, my title, and my perfect soul shall manifest me rightly. Is it they?† (1. 2. 29-31) is with great composure and courage. But taken from the other point of view, he has already slept with Desdemona and, most importantly, at her will. On this condition, Brabantio would haveShow MoreRelatedOthello, The Moor Of Venice Essay860 Words   |  4 Pagesfor his excellent writings in drama, tragedy, and romance. He excels in the storytelling of a tragic hero, and the tragic flaw that the hero possesses. In Shakespeare’s tragedy Othello, the Moor of Venice (rpt. In Thomas R. Arp and Greg Johnson, Perrine’s Literature: Structure, Sound, and Sense, 10th ed. [Boston: Wadsworth, 2009], 1273-1366), there are several contributing factors in the tragic outcome of the play. 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