This presentation is a course a bout wellheads which includes the basic components of the well head and the advanced techniques.
helping students who are cared about petroleum industry to increase their knowledge about this tool that is important for both drilling and production.
For Further information, use the following LinkedIn account:
https://www.linkedin.com/in/mohamed-abdelshafy-abozeima-9b7589119/
This presentation is a course a bout wellheads which includes the basic components of the well head and the advanced techniques.
helping students who are cared about petroleum industry to increase their knowledge about this tool that is important for both drilling and production.
For Further information, use the following LinkedIn account:
https://www.linkedin.com/in/mohamed-abdelshafy-abozeima-9b7589119/
Oil 101: Introduction to Oil and Gas - UpstreamEKT Interactive
Oil 101: Introduction to Oil and Gas - Upstream
What is Upstream? This Midstream content is derived from our Oil 101 Upstream ebook and can be found in our oil and gas learning community.
This Upstream module includes the following sections (use the links below for quick access):
-Introduction to Upstream
-Upstream Business Characteristics
-Oilfield Services
-Reserves – Formation and Importance
-Production – The First Step in Adding Value
-The Unconventional Future of Upstream
Upstream
What is Upstream? Most oil and gas companies’ business structures are segmented and organized according to business segment, assets, or function.
The upstream segment of the business is also known as the exploration and production (E&P) sector because it encompasses activities related to searching for, recovering and producing crude oil and natural gas.
The upstream segment is all about wells: where to locate them; how deep and how far to drill them; and how to design, construct, operate and manage them to deliver the greatest possible return on investment with the lightest, safest and smallest operational footprint.
Exploration
The exploration sector involves obtaining a lease and permission to drill from the owners of onshore or offshore acreage thought to contain oil or gas, and conducting necessary geological and geophysical (G&G) surveys required to explore for (and hopefully find) economic accumulations of oil or gas.
Drilling
There is always uncertainty in the geological and geophysical survey results. The only way to be sure that a prospect is favorable is to drill an exploratory well. Drilling is physically creating the “borehole” in the ground that will eventually become an oil or gas well. This work is done by rig contractors and service companies in the Oilfield Services business sector.
Production
The production sector of the upstream segment maximizes recovery of petroleum from subsurface reservoirs.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Business Valuation Principles for EntrepreneursBen Wann
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
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2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
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VAT Registration Outlined In UAE: Benefits and Requirements
Team3 national oilwell_varco_final
1. National Oilwell Varco
A closer look at the company’s strategic initiatives
through Return Driven Strategy Framework.
Arakelian, Victoria Team 3
Mashuk, Abdullah
Gurumurthy, Jayaram
Moraes, Ricardo
Hoffman, Aaron
Mathur, Pankaj Rabello, Vitoria
2. NOV ranked No. 1 in 2008 in Houston
Chronicle’s list of 100 companies.
“Self-styled Wal-Mart of the
oil patch”
3. Last 10 years performance resulted in
superior ROI compared to the industry.
100%
80%
60%
40%
21%
ROI' 40%
25%
33% 29% 27% 26%
23%
20% 13% 11% 12%
19% Average ROI
8% 9%
0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 LFY+1 LFY+2Mkt Imp
200%
130%
IC'
100%
20% 15%
62%
11% 9%
24%
0% 4% 6% 3% 0%
Growth 0%
Average Invested Capital Growth
-7%
-100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD 5Yr
CAGR
4.0
Relative 3X
2.0
TSR
Average Total Shareholder Return
0.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 LFY+1
4. NOV achieved many milestones since its
inception over 150 years ago.
1862 – 1987: 1997: begins series
NOV of acquisitions 2005: National
operated as 1999: The Oilwell and
separate acquisition of Hitec Varco merged to
companies ASA of Norway become NOV
1996: 2001: The first 2008: Merge
Incorporation of completely with Grant
National Oilwell, automated oil Prideco (mkt.
Inc. and IPO drilling cap $32B)
equipment
5. Industry: the price of oil and competitive
environment can impact performance.
4000 100 International
80
3000 1089 US
952 1017
60
2000
40 Canada
1720 1790 1868
1000 20
440 438 West Texas
356
0 0 International Price
2006 2007 2008
NOV VS. REVENUE
MAIN COMPETITORS 2009 (M$) Clearly the leader among
NOV 12, 710 industry peers
FCM TECHNOLOGIES 4,410 Only company that provide
CAMERON CORPORATION 5,220 complete solution
BAKER HUGES 9,660 Operates globally
SMITH INTERNATIONAL 8,220
6. Current success is linked to their strategic
initiatives.
Constant Growth through mergers &
acquisitions “snowball effect”
International expansion through mergers &
acquisitions
All in One House
7. Constant Growth through Mergers &
Acquisitions Deals
Mergers & Acquisitions
• 2005 National Oil buys Varco
for $2.4B which let’s the
acquisitions of more than
150(!) companies in 4 years
8. International expansion through mergers &
acquisitions Reason to expand:
• Industry is violent:
International expansion: politics, economics,
• 2008 Grant Prideco legislation, etc.
buyout starts strategy of • Mideast Crisis led to write
international expansion downs, Company still was
from 30% To 70% in 5 profitable
years
8
10. All in One House Rig From Rig to petroleum &
distribution:
Unique rig technology:
• Allows to install the drilling • Acquisitions has led the
point in 3 months, as company to have all set of
compared to 1 year services and solutions
• Consists of 95% changeable
parts, which are produced in
house.
• Allows to address the
customers’ issues faster
10
11. National Oilwell Varco meets all the tenets
of the Return Driven Strategy.
Wealth-creation
that benefits all
stakeholders
Complete solution Big companies in
for oilfield the oilfield
industry industry
Strive to new All-in-one-stop- Individual basis
products and shop solution branding
solutions
Acquisitions of Big vigilant of Each brand with “Umbrella-Brand”
Next Generation
companies with customer own decision for all products
Program
synergy processes process and services
Global Presence, Rig Technology, in-house R&D
Regulatory compliance, Globalization awareness
Constant Growth in Market Cap, Steady CFROI, internal control
18. Appendix 5: Additional Information
Historically, drilling companies have ordered customized rigs that can take a year or more to design and build. Many
still take that long, but land drilling is so hot today, especially in North America, that National Oilwell Varco is turning
out its trademarked Ideal Rig system in as little as three months.
The Ideal Rig has thousands of parts, and National Oilwell Varco makes 95 percent of them — everything but the
engines and air compressors. National Oilwell Varco's business is split between overseas and North American
operations, which include the U.S. and Canada. That's about to change, thanks to the Grant Prideco addition.
Miller said he expects international operations to account for 70 percent of business in five years as overseas drilling
continues to expand and the Grant Prideco merger takes the company into new territory.Some of the hottest contracts
National Oilwell Varco is working on now involve rigs for major natural gas plays, including drilling in the Algerian
desert and in Russia, where the company recently signed a $400 million deal to build two floating rigs for the
Shtokman field in the Barents Sea.
Clay Williams, the company's chief financial officer, said snapping up smaller rivals doesn't just take National Oilwell
Varco into new markets. It can mean striking technological pay dirt. The Natixis Bleichroeder report points to one gem
of the Grant Prideco acquisition — the IntelliServ Network. Analyst Jeff Spittel calls it "a potentially game-changing
technology" with great promise for future profits. IntelliServ embeds a fiber-optic measuring system in drill pipe that
tells operators on the drill floor exactly what is going on thousands of feet below at the drill bit. The instantaneous data
feeds should mean more precise drilling and could prevent blowouts.
19. Been dedicated to provide highest quality
oilfield products and services since 1841
700 worldwide manufacturing, sales, and service centers
Customer-focused solutions that meet the quality, productivity, and
environmental requirements
Worldwide leader in providing major mechanical components for land
and offshore drilling rigs
Provides Oil & Gas supply chain services through its network of
distribution service cents
19
20. The incorporation in 1996 and subsequent
IPO allowed the company to grow faster.
IPO SNAPSHOT OPPORTUNITY
EXCHANGE: NYSE Construction of new drilling rigs and equipment as well
SHARES OFFERED: 4 million as the upgrade and refurbishment of existing drilling rigs
POST-OFFERING SHARES: 17.7 and equipment.
million Increasing Demand for Higher Horsepower Drilling
PROPOSED OFFER PRICE: $ 17.0 - Machinery
$ 15.0
ACTUAL OFFER PRICE: $ 17.0 TRENDS
FIRST-DAY CLOSING PRICE: $ 20.1 90% offshore mobile drilling rig utilization and increased
OFFERING AMOUNT: $ 68.0 million land rig utilization
Alliance/outsourcing trends among oil & gas companies
COMPETENCIES
Large and geographically diverse network of distribution
service centers
Purchasing leverage due to the volume of products sold
Breadth of available product lines
Information systems that offer customers enhanced
online and onsite services.
21. Multiple acquisition allowed NOV to
become one stop shop.
Opportunities:
NOV wants to become a one stop shop for oil and drilling equipments
Their main offerings : Rig Technology, Petroleum Services & Supplies
and Distribution Services
Trends
NOV started from the year 1998 to 2006 have acquired approximately
150 companies to diversify their portfolio. Growth as seen in CFROI
They develop complete solutions for the oil and drilling companies for
their rigs.
NOV is contemplating of venturing into alternative energy sources
Core Competencies
In a rig manufactured by NOV, 95% parts are from its companies
which it acquired.
Their main strategy is acquiring and making deals with companies to
offer different solutions to the oil and drilling companies.
22. National OilWell and Varco merger (2005)
expanded product and services.
MERGER SNAPSHOT Opportunities
$2.5 billion value of the merger Merger employed together both of the company
offered 170 million shares.
genuine assets and help NOV to become a
NOI get 51% and Varco get 49% dominant market leader .
of the Merger
$40-50 million pretax cost saving
after the merger Value Proposition
12% ROI and 130% IC growth New Merger Provided unparallel level of quality in
achieved in 2005 after the merger capital equipment, expandable product and
services
Competencies
Merger offered excellent opportunities for the
stockholders, employees and customers of both
companies and positioned better to compete
effectively in global market place.
23. Grant Prideco Merger (2008)is the catalyst
for international expansion.
MERGER SNAPSHOT Opportunities
$7.5 billion value of cash and Merger build a model of synergy for NOV-- a one-stop
stock merger with Houston based shop for all a driller's needs, from derricks to drill bits
Grad Prideco
Combined Market Cap of $32
billion
Value Proposition
New Merger advances NOV strategic goal of providing
86% of Merger to NOV and 14% more products and services to Oil Machinery sector.
to Grant Pridecco
5% increase in EPS in 2008
Competencies
$60 million of Pretax Cost saving
Merger benefited the stakeholders by creating a larger,
more diversified company that is better positioned to
compete in the global marketplace