...In order to boost the economy and retain competition in the world, a lot of countries always want to become a member of the World Trade Organisation, even so does China. Berofe 2000, state-owned enterprises was never to float shares in the foreign exchanges, but the first time a state-owned enterprise had initial public offering in foreign exchanges is a oil and gas industry which has a huge impact on China’s economic development rather than others. I think the big change about corporate governance in China is for a purpose which is to become a member of the WTO. In order to obey the WTO’s regulations,China has no choice but to open up the economy to foreign companies and put itself to international capital markets, so they realize the importance of corporate governance. Although China reformed the corporate governance to catch up with international standards,it is still a lot of differences between both. In China, party committees system is the world famous,it is very common to find the party committees who always play the important role in any state-owned enterprises By doing so, the Communists can supervise any business activities and take action to deal instantly. Besides,former and existing supervising government departments also have had a tremendous influence on the investment decisions of SOEs. The key point of this two differences is China will not let any problems about ownership happened with supervising. For the foreign companies...
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...Well Control and Blowout Prevention - The objective of this project is the development of technology for the purpose of safe handling of high subsurface pressures of different gas formations during the time of drilling operations. Improved/Enhanced Recovery - This project aims at developing the methodology of locating very large volumes of by-passed oil using various reservoir simulation studies which is followed by reservoir field studies.56912 Formation Evaluation - This project deals with the development of various interpretation techniques for well logging data. Also there will be topics such as pore pressure inference from MWD data several models for sandy-shales and also evaluation of fractured formations. Environmental Control - This project focuses on the oilfield process improvements and also modifications leading to pollution prevention and several productivity enhancement techniques. Other topics for doing projects •Multi Dim Simulation of Slug-Flow Phenomena in Off- and On-Shore Pipe Systems •Theta Enterprises Software •Software for Reservoir Engineering •Knowledge Capture Base •Geological and Stratigraphical Characterization of Oil and Gas Reservoirs •Stochastic Pet Economics •PEPE Marketing •PEPE Controller •Integrated studies at the oilfield •Implementation of a visitor guiding system •Creation of a reservoir model •Acquisition and implementation of a PE Wiki •Realization of a virtual PVT-Lab for deployment in Internet •Acquisition and...
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...| | | | | | | 1..........close ↑ Pathak panel probe : Loose ends, grey areas Businessline. Chennai: Aug 8, 2006. pg. 1 Abstract (Summary) Both the failure to cross-examine the representatives of the Party under Sections 8B and C, and the unexplained omission to vest the Authority with the power under Section 166A of the Cr.P.C. considerably dilutes the force of the Inquiry Authority's opinion that there was "not a shred of evidence" to link the Congress party to these transactions, that no wrong can be attributed to the Congress party, that there was "no evidence that the Congress party was involved in the contract and that it derived any benefit at all from the contracts," that "indeed, there is nothing to show that the Indian Congress Party had anything to do with the contracts" and that "the reference to the Indian Congress party with respect to Contract No M/10/57 is not justified at all." The impression left in an average reader's mind is that the Authority, by its repeated asseverations to the above effect, wanted to drive home the innocence of the Congress Party beyond all ambiguity or misunderstanding, although this seemingly contradicts its opinion that the sources, materials and documents collected by [Volcker] were "authentic and reliable". Another incongruity There is yet another incongruity as well: Of the four from India named by Volcker report as non-contractual beneficiaries (meaning that they had no obligation to supply food or humanitarian goods...
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...加拿大机械工程： 加拿大作为资源型发达国家，毗邻美国，机械工程专业在各种领域（如石油、天然气、木材、航空航天、能源、汽车等）都有颇多涉及，机械工程师一直高居各类人才需求的前5位。而作为这一行业的从业人员，毕业生需要在加拿大各省或地方的专业工程师协会登记，并经审核后获得由工程师协会颁发的专业资格证书。无论选择在国外发展还是回国效力，在发达国家积累的同行业工作经验都将是留学生的宝贵财富。 机械工程是以有关的自然科学和技术科学为理论基础，结合生产实践中的技术经验，研究和解决在开发、设计、制造、安装、运用和修理各种机械中的全部理论和实际问题的应用学科。 机械工程的服务领域广阔而多面，凡是使用机械、工具，以至能源和材料生产的部门，无不需要机械工程的服务。 【机械工程职业前景 】 就业方向：毕业生可在有关企业、科研单位、国家机关和高等院校从事机电产品设计、制造、管理、营销、科研和教学等工作。机械工程师主要在专业顾问公司、电力行业、生产及加工行业、运输行业工作。 【其雇主类型如下】 ¬ 专业服务机构(26.7%) ¬ 运输工具生产行业(11.9%) ¬ 机械制造行业(8.4%) ¬ 金属加工业(7.0%) ¬ 建筑行业(4.3%) ¬ 电力行业(4.2%) ¬ 其他制造行业(3.9%) 工程类专业作为留学热门专业，良好的就业环境和优厚的收入水平一直是这个专业的两大亮点。 【2012薪酬】 加拿大大学与雇主协会（National Association of Colleges and Employers）公布了今年春季毕业的毕业生的起薪，据统计，本科毕业生的起薪达到了55,000 左右，比去年提高了3.5%。而机械工程类专业毕业的学生遥遥领先于其他专业（如商科和管理类）达到了66,000 元，比去年上升了3.8%。 加拿大化学工程： 化学工程不同于化学专业，而且比化学专业更复杂。化学工程是将化学知识应用到了商业领域，结合了化学、工程、和生物化学三个领域的知识。化学工程专业的学生学习内容包括分子结构，设计化学反应过程（包括制造石油、食品、制药等化学过程），还需要了解原料在工厂里通过什么样的化学反应最后生成产品，也需要了解环保方面的知识，防止潜在的环境污染与生化危险。化工专业并不是一个容易学习的专业，但是就业前景不错。造纸厂、化肥厂、制药公司、塑料制品厂、石油制造行业都需要化工专业毕业生。就业：市场需求很大，化工在工程类专业中需求量排第3位，也是工程类专业中收入最高的专业。毕业生还可以选择其他的工程专业，进行深造，或者可以进入法学院和医学院学习。 加拿大化学工程专业2011年排名： 1. 多伦多大学 2. 麦吉尔大学 3. UBC 4. 麦克马斯特大学 5. 皇后大学 6. 阿尔伯塔大学 7. 滑铁卢大学 8. 卡尔加里大学 9. 曼尼托巴大学 10. 渥太华大学 加拿大材料工程： 材料是用于制造有用物件的物质。材料科技是电子、信息、通讯、航天、机械及光电产业的基础。因此，材料被称为「工业之母」。根据材料的组成结构，可分成金属材料、无机非金属材料、高分子材料和复合材料；根据材料的性能特征，可分成结构材料和功能材料。当今，人们把材料、信息、能源作为现代文明的三大支柱。新材料技术更成为三大高新技术之一。 ...
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...4th year and therefore I have to conduct a 3 month internship. The reason I choose to do my internship in tour operating organization is because I wanted to benefit from the experience. I wanted to do my internship in a tour operating company to experience the tour operating business world and to learning, improve and develop new sets of skills. One of my main goals is to improve my management and marketing skill. This is why I choose to follow my internship in petro aviation; to learn and develop new sets of skills and to experience working with tour operators. In this internship report I will describe my experiences during my internship period. The internship report contains an overview of the internship company and the activities, tasks and projects that I have worked on during my internship. Writing this report, I also will describe and reflect my learning objects and personal goals that I have set during my internship period. For this opportunity, I thank: Hasan shahid, who is the CEO of petro aviation and my job coach. I want to thank him for giving me the opportunity to follow my internship at his company. He had the kindness to accept me in her company and guide me through my internship with advice, feedback and tips despite his busy schedule. Taklima sayeda, who is my university’s internship supervisor. She helped and coached me during my internship by giving me feedback and tips on how to handle and approach situations. She had always time to...
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...Student Research This report is published for educational purposes only by students competing in the CFA Institute Global Investment Research Challenge. Oil and Gas industry PetroVietnam Gas Recommendation: HOLD Price Target: 79,512 VND 2015F 83,482,699 24,051,366 15,143,449 7,991 30.12% 2016F 97,674,758 28,140,098 17,753,969 9,369 28.48% 2017F 2018F Date: 22 December, 2014 Ticker: GAS Price (Dec 19, 2014): 68,000 VND Forecast Summary Net Sales (million VND) EBITDA (million VND) Net Income (million VND) EPS (VND) ROE (%) 2011 64,224,500 11,858,894 64,224,500 2,285 28% 2012 68,301,359 15,940,112 68,301,359 5,167 40% 2013 65,399,686 18,434,982 65,399,686 6,478 42% 2014F 72,593,651 20,914,231 13,140,492 6,934 32.20% 117,209,709 142,995,845 33,768,117 21,347,273 11,265 27.37% 41,197,103 26,090,435 13,768 26.51% Key Market Data Listed on HOSE Ticker GAS Industry Oil and Gas 52 Week high 122,300 (VND) 52 Week low 61,300 (VND) Previous close 68,000 (VND) Market Cap. 128,860,000 (million VND) Outstanding 1,895,000,000 shares (units) Source: Student estimates Highlights We estimate PV Gas (GAS) as “HOLD” with target price of VND 79,512, expected higher than its current price 16.9%, VND 68,000. Three-stage discounted cash flows model is employed and the result is confirmed again with P/E analysis. Operation under control of government as a monopoly in gas industry: PV Gas is the only trader in dry gas market and accounted for 70% national LPG market...
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...PIONEER PETRO EXPLO CONSULTANCY Office # 424, 7th Floor, Mega Tower, Adjacent McDonalds, Main Boulevard Gulberg II, Lahore Lahore-Pakistan. Ph: +92-42-35715564, Fax: +92-42-35715565 35715565 Email: Info@ppec.com.pk Web: http://www.ppec.com.pk Introduction We are proud to announce that we have established a registered and authorized firm. It is not wrong to claim it unique in consultancy services organization comprising of professionals and we are offering technical/legal guidance of competent professionals to all stakeholders, who are involved in the business of import, manufacturing , storage, transportation ,supply , use and handling of petroleum product, Petro chemicals ,compress/liquefied mineral and industrial gases. Vision: To strategically transform in to dynamic player as a service provider in the field of petroleum industry. To become a nationally acclaimed company for its excellence in the service sector of petroleum, explosives, petrochemicals ,transport and allied fields. To innovate the ideas for serving our customer while towing for profile of international standards. So deliver technically superb and economically feasible services, products and solutions to our customers, while meeting the technological and engineering standards. With the fast pace of our journey towards our VISION, we shall adhere to our core values. Mission: Our mission is to service and satisfy our customers by fulfilling their legal/technical/marketing needs with our...
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...In 1967, Suncor pioneered commercial development of Canada's oil sands – one of the largest petroleum resource basins in the world. Since then, Suncor has grown to become a globally competitive integrated energy company with a balanced portfolio of high-quality assets, a strong balance sheet and significant growth prospects. Constructed by the British American Oil Company in 1951 at a cost of $8 million, the Edmonton refinery produced about 12,000 barrels of refi need product per day. Through the years, the plant experienced several changes, including being purchased by Gulf Canada and later Petro-Canada in 1986. Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. Suncor ranks number 134 in the Forbes Global 2000 list. Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 280 Sunoco-branded retail sites, and 200 customer-operated retail and diesel...
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... Petro Oil Berkeley College J. Kerr, S. Powder. T. Lopez Background An industry analysis is a useful tool for business strategists. It helps businesses understand various pieces of the marketplace and how these various pieces may be used to gain a competitive advantage. Analyzing an industry you would have to know the industry SWOT. It is important for Petro oil to identify the threats and opportunities facing their business and also to focus their resources on developing unique capabilities that could lead to a competitive advantage. Analyzing Petro Inc., and the heating companies overall will give the company a better understanding of their position relative to other companies that provide similar services. In order to help implement initiatives for Petro Inc. we will analyze some aspects of the company to help identify its strengths and weakness and where there is opportunity for growth. M.A Fessler was the inventor of the historic oil burner. In 1915 he started his own company Called the Fess system company and as we know it today as Petro. The first oil burner was installed in Boston, which resulted in a rapid growth the first few months of Petro's success. Soon after Petro made a huge decision of entering into its first contract to purchase fuel oil. Bases out of Stamford, Connecticut, today Petro Inc. provides heating oil across the United States. Petro Inc. also has ventured into Petro Home...
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...Effective Information Security Requires a Balance of Social and Technology Factors EffEctivE information SEcurity rEquirES MIS Uarterly a BalancE of Social and tEchnology xecutive factorS1,2 Q E Tim Kayworth Baylor University (U.S.) Dwayne Whitten Texas A&M University (U.S.) Executive Summary 2 Industry experts have called for organizations to be more strategic in their approach to information security, yet it has not been clear what such an approach looks like in practice or how firms actually achieve this. To address this issue, we interviewed 21 information security executives from 11 organizations. Our results suggest that a strategically focused information security strategy encompasses not only IT products and solutions but also organizational integration and social alignment mechanisms. Together, these form a framework for a socio-technical approach to information security that achieves three objectives: balancing the need to secure information assets against the need to enable the business, maintaining compliance, and ensuring cultural fit. The article describes these objectives and the security alignment mechanisms needed to achieve them and concludes with guidelines that can be applied to ensure effective information security management in different organizational settings. INFORMATION SECURITY HAS BECOME A STRATEGIC ISSUE Information security continues to be a major concern among corporate executives. The threat of terrorism,...
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...Voodoo is the most understood of all African-inspired religions in the Americas and it is also one of its most complex religion (Murphy 117). Voodoo is revolving around a pantheon of spirits known as Lwa or loa who represent a fusion of African and Creole gods, the spirits of deified ancestors and syncretized manifestations of Catholic saints (Murphy 117). The Lwa’s are the African/Creole spirits. According to Bellegarde-Smith he explains that the Lwa represents the cosmic forces that are integral to the Haitian experience and yet transcend it (Michel 25). The Lwa offer help, protection, and counsel their devotees offer ritual service in return, which includes a variety of individual and communal rituals. However,the Lwa communicates with...
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... that the world oil trade and the strength of US military backs the US Dollar. Source: w ww.beforeitsnews.com Demand for dollar is created by its “Petro-‐Dollar” status and mitigates the inflation to a large degree by distributing the consequences globally and not merely affecting United States. Essentially US writes the hot check and the world has to pay the bills. (When Will The Economy Collapse? 2013, July 24) This system is perfect till no one decides to twist the system like Iraq did in 2000 by selling oil in euros or Libya did by try pulling most of Africa off the dollar or like Iran is doing now. As long as US military is able to crush or intimidate any major oil producing nation that defies them, Petro-‐Dollar will stand and dollar will retain its position as world’s currency reserve....
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...also boosted by the fact that the fast food joint is located in the heart of Nairobi CBD. A reign of confusion and helter-skelter emerges during busy hours and the staff find it difficult to keep track of all customers since it has come to the realization of the management that some drive out before footing their bills. To curb this weakness, the management decided to switch to “Pay then get served” approach to service. 1.1 OPERATIONS OF THE CURRENT SYSTEM Petro station attendants wait for customers most of whom drive into the petro station and enquire on availability of fuel. The fuel attendant then dispenses fuel according to the preferences of the customer duplicate receipt book. The customers verbally make their orders and the billing is written by hand, customer offers cash to the cashier and receives the receipt and balance if any. With the receipt the customer advances to the petro station exit where a guard allows exit, other petroleum products such as brake fluids, oil and lubricants are sold at the petro...
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...Finance theory and Financial strategy Strategic Planning means several things. But it certainly is a part of the decision-making in resource management of the business benefits. Finance theory has significant advantages in understanding the function of capital markets, the valuation of real assets and financial assets. Discounted cash flow analysis(DCF) is a tool that derived from finance theory which has been widely used. However finance theory also has little effect on strategic planning and there are three differences between financial theory and strategic planning: 1. Traditional financial theory and strategic planning might have some differences in language and culture. 2. Discounted cash flow analysis might be used in an incorrect way of strategy therefore it is not acceptable in terms. 3. Discounted cash flow analysis might fail to apply a strategic, even if it is used properly. The most relevant financial concepts in strategic planning is firms’ capital investment decisions and it is also a critical component of “financial theory”. The theory is focused on cash flow and return on the investment. The tool used in investment decisions is net present valued (NPV) which was calculated from present valued minus required investment or which was reduced to discounted cash flow formula because the net present value is a matter of cash flow that will gain in the future. [pic] ...
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...ASSIGNMENT Name: Bùi Xuân Minh Roll ID: 00241 Analyzing 2010 annual financial reports of PVFC Company Entity’s full name Petro Vietnam Fertilizer and Chemicals Company (PVFCCo.) Principal activities The principal activities of the Corporation and its subsidiaries are to produce and do business in fertilizer, liquid ammonia, industrial gas, other chemicals; technical services relating to production and trading of fertilizer and other related chemicals (excluding heavily toxic chemicals); producing and trading of electricity; real estate, trading of agriculture and forestry products, goods transport services by inbound waterway and car, processing of oil and gas-related products and minerals and service of vocational training. * Production and trading: Prilled urea, liquid ammonia, industrial gases and other chemical products. * Import and export: Urea, materials serving production and other chemical products. * Providing technical services in production and trading of urea and other chemical products. * Electricity trading (selling the surplus electricity of the 21 MW gas turbine generator of the Phu My Fertilizer Plant). * Performance of other duties assigned by Petro Vietnam. Background information on the company Petro Vietnam Fertilizer and Chemicals Company (PVFCCo.), a subsidiary of Vietnam national Oil and Gas Corporation (Petro Vietnam), officially came into operation on January 01st, 2004. From 31st August 2007, PVFC Co operated as joint stock company...
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