Wireline Tractor Techonology Ms. Metsai Chaipornkaew ID 513 10459 21 Abstract The current increasing trend in the oil and gas industry to secure future reserves drives a demand for increasingly complex well design in highly deviated‚ horizontal and even ERD with various downhole hardware. A way of optimizing mechanical inventions is the utilization of establishes downhole wireline technology in order to make it possible to perform reliable‚ economical and flexible interventions. Especially‚ it
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unhurried manner. It begins with the boys gathering in the square‚ then the girls‚ then the fathers‚ and lastly the mothers‚ “The children assembled first‚ of course… Soon the men began to gather… The women‚… came shortly after their menfolk.” (p. 514). This slow pace creates a light‚ joyous mood. It makes it seem like everyone from the town is assembling for an event that everyone looks forward to. This also creates a very ironic tone because we later on find out that the assembly is in fact not
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Competitors Financial Analysis Sony’s three large business divisions: Electronics Entertainment Financial services Profitable businesses: Financial Services Music Pictures Devices *All electronics segments are declining (too BAD) Comparison of Sce and SPE => Electronics Segment lost money in four years and had almost no profit in two other years due to
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Professional Development Article: The CPA Journal Enron Ten Years Later: Lessons to Remember Acct 4501W- Auditing Concepts Professor Feller March 11‚ 2013 Summary In the article entitled Enron Ten Years Later: Lessons to Remember‚ the authors Anthony H. Catanach Jr. and J. Edward Ketz discuss the importance of learning from the mistakes made by the senior executives of Enron. The “off-balance sheet” that Andrew Fastow‚ the CFO of Enron‚ created to funnel tens of millions of dollars into
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Enron Case The internal controls that were ignored when LJM1 was created were one‚ LJM’s books were kept separate from Enron’s. LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was an error made by Arthur Andersen to let LJM’s financial statement to remain unconsolidated. If the financial statements had been consolidated‚ some of the errors could have been found. They may have even had some time to correct
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Decision and later amended by Decision 98/692‚ authorizing the resumption of exports of some bovine products from UK under a Date-based Export Scheme (DBES) and providing for the necessary rules in order to protect the public health. Decision 99/514 sets the date on which dispatch should start at 1 August 1999. In the French legal framework‚ the embargo on British bovine products is established in a national decree of 1998‚ followed by another decree in order to authorize just the products in
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Two areas stand out as ones of particular concern. First‚ the rules apparently permitted the widespread use of market-to-market (MTM) accounting in areas for which it was not originally intended. Second‚ the 3 percent rule for outside ownership of SPEs was arguably too low to maintain genuine independence. An underlying issue was that corporate practice (e.g.‚ sophisticated online
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TOPIC Risk management with respect to Oil & Gas Industry INTRODUCTION India is the fifth largest consumer of energy in the world‚ and is likely to surpass Japan and Russia to become the world’s third biggest energy consumer by 2030. According to the International Energy Agency (IEA)‚ hydrocarbons satisfy major energy demand in India wherein coal and oil‚ together‚ represent about two-thirds of total energy use. Natural gas accounts for about 7 per cent share. India has about 5.7 billion barrels
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Skilling is quoted as saying that Enron was ""laser focused on earnings per share". Many of the SPE loan agreements Enron entered into contained price triggers where if Enron’s stock dropped below a designated level‚ Enron was required to provide additional stock to collateralize the loan and make significant cash payments. In the worst case scenario Enron might have been forced to dissolve and SPE and consolidate its assets and liabilities thus revealing losses. Such pressure to continually
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Fair value in financial reporting: problems and pitfalls in practice – a case study analysis of the use of fair valuation at Enron David Gwilliam∗ and Richard H G Jackson School of Business and Economics‚ University of Exeter‚ Streatham Court‚ Rennes Drive‚ Exeter EX4 4PU‚ UK This paper has been accepted for publication in Accounting Forum ____________________________________________________________ ____________ Abstract This paper contributes to the debate on the use of mark to market
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