MGT 623 Ocean Carriers Case Study 1) Do you expect daily spot hire rates to increase or decrease next year? According to the Case description‚ Exhibit 3 showed order booking and delivery schedule for bulk capsizes for coming years from 2001 to 2004. It was larger than the number of current fleet size in Exhibit 2. Thus‚ the spot hire rates would likely to decrease since capsizes are available. 2) What factors drive average daily hire rates? Daily hire rate were determined
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head: PROPOSED DRILLING IN ANWR Proposed Drilling in ANWR Abstract Due to high cost of crude oil‚ the nation is in turmoil over prices of gas prices. This letter is a proposal for drilling in the ANWR (Arctic National Wildlife Refuge). Drilling in the ANWR is meant solely to reduce the reliability on foreign crude oil and to help the nation in its economic down side due to the rise in gas prices. Drilling In this proposal
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Substantive Issue Ocean Carriers is a shipping company evaluating a proposed lease of a ship for a three-year period to a customer‚ beginning in 2003. The proposed leasing contract offers very attractive terms‚ but no ship in Ocean Carrier’s current fleet meets the customer’s requirements. The firm must decide if future expected cash flows warrant the considerable investment in a new ship. Objective of Case Assignment To provide your team an opportunity to make a capital budgeting decision
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No Oil Drilling In Protected Areas Oil‚ or petroleum‚ is a complex mixture of various hydrocarbons and rock minerals found below the earth ’s surface. When the oil is extracted from the ground it is then refined into various gases or fuels and as a raw material‚ it can be used to make plastic‚ pesticides and many more uses. Oil drilling is a process of perforating the earth’s surface and rock layers to extract fossil fuels or oil for energy productions. Oil is found all over the world and it
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TITLE: Water Based Drilling Fluid Analysis EXECUTIVE SUMMARY: Analysis of drilling fluids is essential to their performance. In this laboratory exercise the aim is to test three drilling fluid samples for; density and rheological properties‚ Fluid loss‚ chemical analysis i.e. testing pH‚ alkalinity‚ testing for chloride ions‚ calcium carbonate‚ calcium‚ bentonite; also determining the amount of solids present in the samples as well as volumes of oil‚ water and solids contained in the sample‚ and
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Formulas Calculations for Drilling‚ Production Work-over Norton J. Lapeyrouse and and Formulas and Calculations CONTENTS Chapter 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Basic Formulas P. 3 Pressure Gradient Hydrostatic Pressure Converting Pressure into Mud Weight Specific Gravity Equivalent Circulating Density Maximum Allowable Mud Weight Pump Output Annular Velocity Capacity Formula Control Drilling Buoyancy Factor 12. Hydrostatic Pressure Decrease
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Ocean Carriers HW#7 PRINCIPLES OF MORDERN FINANCE (FALL 2012) JINGYE HAN “Ocean Carriers” case 1) Do you expect daily spot hire rates to increase or decrease next year? I expect daily spot hire rates to decrease next year. Based on Exhibit 3‚ order book in 2002 for dry bulk capsizes decreased‚ indicating a decrease in demand. Meanwhile‚ Based on Exhibit 2‚ the majority of capsize fleets in December 2000 are in the age within 15 years‚ among them‚ the largest portion is of those under
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traditions of the Gwich’in forever. Politicians‚ environmentalists‚ economists and neighbors now fight over the prospect of oil drilling in the Arctic National Wildlife Refuge. Many of the arguments for drilling are worth consideration; however‚ in comparison to the evidence against it‚ they are neither convincing nor compelling. In order to fully understand why drilling in the Arctic National Wildlife Refuge is such a big deal; we need to understand the history of the refuge. ANWR was created in
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drill and case down to the productive reservoir can represent as much as 60% of the total cost of a conventional horizontal well. This is only done once on a multilateral well. The cost reduction using a multilateral well instead of several horizontal wells having the same total length in the pay zone has been proven in fact. However‚ it is all the more important for fields located offshore‚ on platforms where the number of slots are limited‚ or in any situation when drilling pads are required
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Drilling Machine Chapter-4 Drilling machines Any component manufactured has one or more cylindrical hole in them. The process of making a hole is known a drilling. The cutting tool‚ which is used for making holes‚ is known as drill. The drill is a multipoint cutting tool. Definition: Drilling is the operation of making holes in a work piece using a drill bit. The hole is generated by the rotating drill‚ which exerts large force on the work piece clamped rigidly on the machine
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