This is New Technology in Offshore Industry
No Strings Attached: Wireless Communications in the Offshore Industry
Tuesday, February 3, 2009
Offshore Industry Must Cut Output or Face Funding Crisis
This is an interesting news i found in Offshore Technology Magazine
Offshore Industry Must Cut Output or Face Funding Crisis
Offshore Industry Must Cut Output or Face Funding Crisis
World's 10 best companies to work for
Courtesy of Rediffmail.com
February 2, 2009
Happy employees are motivated employees and a huge contributing factor to any company's success. No wonder then, the top 10 great companies to work for -- as listed by Fortune magazine and the Great Place to Work Institute -- also do well when it comes to profitability.
Note: Market cap as on January 28, 2009
Company: NetApp
Rank: 1
Chairman, CEO: Dan Warmenhoven
Business: Specialises in proprietary network storage and data management.
Reach: Has over 130 offices worldwide, including US, Canada, Europe, South America, Asia, Pacific and Australia.
Market cap: $5.37 billion
Why: Greatplacetowork.com says, 'The essence of what fuels the quality of the workplace at NetApp is the high trust culture. Leaders reach out to employees, sharing information, support and time in a variety of ways. This generosity of spirit is reciprocated many times over, creating within NetApp its own version of a fail-safe networked organisation.'
***************************************************
Company: Edward Jones
Rank: 2
Managing partner: James D Weddle
Business: Offers financial products at an individual investor level. Currently serves more than 7 million clients.
Reach: Over 10,800 offices in the United States, Canada and United Kingdom
2007 revenue: $4.14 billion
Why: Greatplacetowork.com says, 'Employees receive a whopping 149 hours of training on average a year, more than three times the 100 best average of 45. But Edward Jones doesn't just train people for the job they're doing. The management's philosophy is that employees who are passionate about their jobs will make the company a better place, so managers encourage people to develop skills even when they know the new skills will lead to a different job.'
*************************************************
Company: Boston Consulting Group
Rank: 3
President, CEO: Hans-Paul Burkner
Business: Global management consulting firm and a leading advisor on business strategy.
Reach: BCG is a private company with 66 offices in 38 countries, including the US. They also have offices in North America, South America, Asia Pacific, Europe and the Middle East
2007 revenue: $2.3 billion
Why: BCG prides itself on its employee focused culture. Greatplacetowork.com says, 'Training opportunities abound, even for senior partners. All employees are encouraged to continuously learn, accept responsibility and take on challenges. BCG is viewed as an apprenticeship and most training actually takes place within the project team. Associates who commit to returning to the company after receiving an MBA are fully reimbursed for tuition, given a promotion and a raise. Administrative staff may be reimbursed upto two job-related courses per semester.'
*************************************************
Company: Google
Rank: 4
Chairman, CEO: Eric Schmidt
Business: Focused on Internet search services. Also offers advertising, business solutions, online mapping, blogging, e-mail, social networking and video sharing. Last year, they launched their own browser, Google Chrome.
Reach: United States, Canada, Europe, Asia Pacific, Latin America, Middle East
Market cap: $109.71 billion
Why: The company slogan is 'Don't be evil.' Google is famed for going all out to keep their employees happy. Professional development opportunities include classes on individual and team presentation skills, content development, business writing, executive speaking, delivering feedback and management/leadership.
Google engineers are encouraged to spend 20% of their work time (one day per week) on projects that interest them. Some of Google's newer services, such as Gmail, Google News, Orkut, and AdSense originated from these independent endeavours.
*******************************************
Company: Wegmans Food Market
Rank: 5
CEO: Danny Wegman
Business: Regional supermarket chain
Reach: Seventy-nine stores in the mid-Atlantic region including New York, Pennsylvania, New Jersey, Northern Virginia and Maryland in the United States.
Why: Wegmans believe that good people, working toward a common goal, can accomplish anything they set out to do. They also believe that they can achieve our goal only if they fulfill the needs of our own people.
Greatplacetowork.com says, 'Wegmans employs a web-based system known as the labour resource manager to ensure no employee is overburdened and that every employee has the support of colleagues at the busiest times. Having a resource dedicated to staffing enables employees the flexibility to care for sick family members, pursue degrees, or enjoy a summer off to pursue a passion.'
*******************************************
Company: Cisco Systems
Rank: 6
CEO: John T Chambers
Business: Cisco hardware, software and service offerings are used to create the Internet solutions that make networks possible -- providing easy access to information anywhere, at any time.
Reach: US, Africa, North America, South America, Asia Pacific, Europe
Market cap: $ 98.83 billion
Why: Cisco managers are trained to ensure employees have a successful work-life balance, by working flexi-time if needed. Its leadership development system is aimed at developing key capabilities, competencies and expectations for its employees.
Cisco employees have access to assistance programmes that provide confidential support for various personal issues. It also provides short-term, emergency resources to help employees facing difficult personal situations.
It has local onsite emergency response teams made up of trained employees and a global, cross-functional crisis communication team that helps evaluate crisis situations and communicate important information.
*******************************************
Company: Genentech
Rank: 7
Chairman, CEO: Arthur D Levinson
Business: This leading biotechnology corporation is considered the founder of the biotech industry.
Reach: United States, Singapore
Market cap: $ 87.78 billion
Why: Genentech fosters individual creativity and initiative among its researchers, encouraging scientists to pursue projects of interest in addition to working toward the company's goals. Their scientists have consistently published important papers in prestigious peer-reviewed journals. They have also secured approximately 7,400 current, non-expired patents worldwide and have about 6,250 patent applications pending. Genentech also has a strong postdoctoral programme, with fellowships that last four years. The company believes providing employees with programmes, services and benefits allow them to bring the best to the business and to their personal lives.
*******************************************
Company: Methodist Hospital System
Rank: 8
Director, operations and business development: Nagib Mustafa
Business: A leading US hospital, this acute care complex serves over 40,000 domestic and international patients every year. It is also a comprehensive teaching hospital, with leading specialists in every field of medicine.
Reach: United States. It also partners more than 25 hospitals in Latin America, Europe and the Middle East.
2007 revenue: $1,742 million
Why: Employees earn paid time off accruals biweekly beginning from the date of hire. They are offered subsidised transport options. Education assistance includes tuition reimbursement for undergraduate, graduate and doctoral level courses that are job related. Employees can get additional financial assistance for certain certifications/ degrees and a college scholarship for children of employees enrolled in health care degree programmes. Employees who adopt children are provided financial assistance. All employees and dependents have access to resources to help with everyday challenges of work and life.
*******************************************
Company: Goldman Sachs
Rank: 9
Chairman, CEO: Lloyd Blankfein
Business: A bank holding company that engages in investment banking, securities services and investment management.
Reach: United States, South America, North America, Asia Pacific, Europe, Middle East,
Market cap: $ 42.57 billion
Why: Sharing ideas, support collaboration and contributing to others' project is encouraged, both through explicitly defined cultural expectations and through the actions of individual leaders, who are also expected to serve as role models.
Some of the benefits offered include education, tuition reimbursement, preparatory courses and exams, scholarships and fellowships and loan and mortgage discounts. They can also avail of ongoing training and mentoring programmes.
*******************************************
Company: Nugget Market, Inc
Rank: 10
CEO: Gene Stille
Business: Family owned, upscale supermarket chain
Reach: Owns and operates nine Nugget Markets and three Food 4 Less stores in the Northern California region, United States
2007 revenue: $ 273 million
Why: Nugget Market, which was founded in 1926, has never had a layoff. Since its launch, it has had a progressive, employee-friendly attitude, providing its associates with some of the top wage and benefit packages in the industry. Nugget also has excellent healthcare benefits, including long-term disability and sick pay. It encourages associates to balance their work and personal life through flexible schedules and five weeks of paid vacation.
February 2, 2009
Happy employees are motivated employees and a huge contributing factor to any company's success. No wonder then, the top 10 great companies to work for -- as listed by Fortune magazine and the Great Place to Work Institute -- also do well when it comes to profitability.
Note: Market cap as on January 28, 2009
Company: NetApp
Rank: 1
Chairman, CEO: Dan Warmenhoven
Business: Specialises in proprietary network storage and data management.
Reach: Has over 130 offices worldwide, including US, Canada, Europe, South America, Asia, Pacific and Australia.
Market cap: $5.37 billion
Why: Greatplacetowork.com says, 'The essence of what fuels the quality of the workplace at NetApp is the high trust culture. Leaders reach out to employees, sharing information, support and time in a variety of ways. This generosity of spirit is reciprocated many times over, creating within NetApp its own version of a fail-safe networked organisation.'
***************************************************
Company: Edward Jones
Rank: 2
Managing partner: James D Weddle
Business: Offers financial products at an individual investor level. Currently serves more than 7 million clients.
Reach: Over 10,800 offices in the United States, Canada and United Kingdom
2007 revenue: $4.14 billion
Why: Greatplacetowork.com says, 'Employees receive a whopping 149 hours of training on average a year, more than three times the 100 best average of 45. But Edward Jones doesn't just train people for the job they're doing. The management's philosophy is that employees who are passionate about their jobs will make the company a better place, so managers encourage people to develop skills even when they know the new skills will lead to a different job.'
*************************************************
Company: Boston Consulting Group
Rank: 3
President, CEO: Hans-Paul Burkner
Business: Global management consulting firm and a leading advisor on business strategy.
Reach: BCG is a private company with 66 offices in 38 countries, including the US. They also have offices in North America, South America, Asia Pacific, Europe and the Middle East
2007 revenue: $2.3 billion
Why: BCG prides itself on its employee focused culture. Greatplacetowork.com says, 'Training opportunities abound, even for senior partners. All employees are encouraged to continuously learn, accept responsibility and take on challenges. BCG is viewed as an apprenticeship and most training actually takes place within the project team. Associates who commit to returning to the company after receiving an MBA are fully reimbursed for tuition, given a promotion and a raise. Administrative staff may be reimbursed upto two job-related courses per semester.'
*************************************************
Company: Google
Rank: 4
Chairman, CEO: Eric Schmidt
Business: Focused on Internet search services. Also offers advertising, business solutions, online mapping, blogging, e-mail, social networking and video sharing. Last year, they launched their own browser, Google Chrome.
Reach: United States, Canada, Europe, Asia Pacific, Latin America, Middle East
Market cap: $109.71 billion
Why: The company slogan is 'Don't be evil.' Google is famed for going all out to keep their employees happy. Professional development opportunities include classes on individual and team presentation skills, content development, business writing, executive speaking, delivering feedback and management/leadership.
Google engineers are encouraged to spend 20% of their work time (one day per week) on projects that interest them. Some of Google's newer services, such as Gmail, Google News, Orkut, and AdSense originated from these independent endeavours.
*******************************************
Company: Wegmans Food Market
Rank: 5
CEO: Danny Wegman
Business: Regional supermarket chain
Reach: Seventy-nine stores in the mid-Atlantic region including New York, Pennsylvania, New Jersey, Northern Virginia and Maryland in the United States.
Why: Wegmans believe that good people, working toward a common goal, can accomplish anything they set out to do. They also believe that they can achieve our goal only if they fulfill the needs of our own people.
Greatplacetowork.com says, 'Wegmans employs a web-based system known as the labour resource manager to ensure no employee is overburdened and that every employee has the support of colleagues at the busiest times. Having a resource dedicated to staffing enables employees the flexibility to care for sick family members, pursue degrees, or enjoy a summer off to pursue a passion.'
*******************************************
Company: Cisco Systems
Rank: 6
CEO: John T Chambers
Business: Cisco hardware, software and service offerings are used to create the Internet solutions that make networks possible -- providing easy access to information anywhere, at any time.
Reach: US, Africa, North America, South America, Asia Pacific, Europe
Market cap: $ 98.83 billion
Why: Cisco managers are trained to ensure employees have a successful work-life balance, by working flexi-time if needed. Its leadership development system is aimed at developing key capabilities, competencies and expectations for its employees.
Cisco employees have access to assistance programmes that provide confidential support for various personal issues. It also provides short-term, emergency resources to help employees facing difficult personal situations.
It has local onsite emergency response teams made up of trained employees and a global, cross-functional crisis communication team that helps evaluate crisis situations and communicate important information.
*******************************************
Company: Genentech
Rank: 7
Chairman, CEO: Arthur D Levinson
Business: This leading biotechnology corporation is considered the founder of the biotech industry.
Reach: United States, Singapore
Market cap: $ 87.78 billion
Why: Genentech fosters individual creativity and initiative among its researchers, encouraging scientists to pursue projects of interest in addition to working toward the company's goals. Their scientists have consistently published important papers in prestigious peer-reviewed journals. They have also secured approximately 7,400 current, non-expired patents worldwide and have about 6,250 patent applications pending. Genentech also has a strong postdoctoral programme, with fellowships that last four years. The company believes providing employees with programmes, services and benefits allow them to bring the best to the business and to their personal lives.
*******************************************
Company: Methodist Hospital System
Rank: 8
Director, operations and business development: Nagib Mustafa
Business: A leading US hospital, this acute care complex serves over 40,000 domestic and international patients every year. It is also a comprehensive teaching hospital, with leading specialists in every field of medicine.
Reach: United States. It also partners more than 25 hospitals in Latin America, Europe and the Middle East.
2007 revenue: $1,742 million
Why: Employees earn paid time off accruals biweekly beginning from the date of hire. They are offered subsidised transport options. Education assistance includes tuition reimbursement for undergraduate, graduate and doctoral level courses that are job related. Employees can get additional financial assistance for certain certifications/ degrees and a college scholarship for children of employees enrolled in health care degree programmes. Employees who adopt children are provided financial assistance. All employees and dependents have access to resources to help with everyday challenges of work and life.
*******************************************
Company: Goldman Sachs
Rank: 9
Chairman, CEO: Lloyd Blankfein
Business: A bank holding company that engages in investment banking, securities services and investment management.
Reach: United States, South America, North America, Asia Pacific, Europe, Middle East,
Market cap: $ 42.57 billion
Why: Sharing ideas, support collaboration and contributing to others' project is encouraged, both through explicitly defined cultural expectations and through the actions of individual leaders, who are also expected to serve as role models.
Some of the benefits offered include education, tuition reimbursement, preparatory courses and exams, scholarships and fellowships and loan and mortgage discounts. They can also avail of ongoing training and mentoring programmes.
*******************************************
Company: Nugget Market, Inc
Rank: 10
CEO: Gene Stille
Business: Family owned, upscale supermarket chain
Reach: Owns and operates nine Nugget Markets and three Food 4 Less stores in the Northern California region, United States
2007 revenue: $ 273 million
Why: Nugget Market, which was founded in 1926, has never had a layoff. Since its launch, it has had a progressive, employee-friendly attitude, providing its associates with some of the top wage and benefit packages in the industry. Nugget also has excellent healthcare benefits, including long-term disability and sick pay. It encourages associates to balance their work and personal life through flexible schedules and five weeks of paid vacation.
Monday, February 2, 2009
Friday, January 30, 2009
Exxon Mobil Stunned US Economy
When many companies are dying because of the crisis, Exxonmobil shows their strength by earning the highest annual profit in US. Well, I am not surprise since I still remember last year the Oil price was soaring like anything.
Here is the full report adapted from yahoo.news.
Exxon Mobil shatters US record for annual profit
By JOHN PORRETTO, AP Energy Writer John Porretto, Ap Energy Writer – 30 mins ago
HOUSTON – Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.
The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007.
The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis.a
In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer.
With piles of cash and diversified operations, the majors like Exxon Mobil have fared better than many smaller oil and gas companies, but Friday's results show no one is completely insulated from the ongoing malaise.
Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter.
Revenue in the most-recent quarter fell 27 percent to $84.7 billion.
Both the per-share and revenue results topped Wall Street forecasts. On average, analysts expected the company to earn $1.45 a share in the latest quarter on revenue of $69.1 billion, according to Thomson Reuters.
Shares rose $1.52, or 2 percent, to $78.52 in early trading.
The nation's second largest oil company, Chevron Corp., reported profits of $4.9 billion for the fourth quarter, though revenues slid 26 percent with oil prices in sharp decline.
It earned $2.44 per share in the three months ended Dec. 31. Like Exxon, Chevron easily beat expectations of analysts, who were looking for profits of $1.81 per share.
The industry went into retrenchment toward the end of the year with demand falling.
As expected, Exxon Mobil's bottom line took a beating from its exploration and production, or upstream, arm, where net income fell 31 percent to $5.6 billion. The culprit: lower crude prices, which the company said decreased earnings by $3.2 billion in the fourth quarter alone.
The company, which produces about 3 percent of the world's oil, said overall output fell 3 percent in the most-recent period, a troubling trend in previous quarters. Exxon, which generates more than two-thirds of its earnings from oil and gas production, said production-sharing contracts and OPEC quotas contributed to its lower output.
Results were better at its refining and marketing unit, where earnings rose 6 percent to $2.4 billion as higher margins overcame costs related to last summer's hurricanes and other factors.
The company's chemical division also took a hit, posting net income of $155 million versus $1.1 billion a year ago. Results were hurt by lower volumes and margins and hurricane-repair costs.
Exxon Mobil said it bought 119 million shares of its common stock in the quarter at a cost of $8.8 billion. Roughly $8 billion of that amount was dedicated to reducing the number of shares outstanding; the balance was used to offset shares issued as part of the company's benefit plans.
Exxon said it spent $26.1 billion on capital and exploration projects last year, up 25 percent from 2007. Its earnings release provided no information about its planned spending for 2009.
For the full year, Exxon Mobil's massive profit amounted to $8.69 a share, versus $7.28 a share a year ago.
Thursday, January 29, 2009
Oil and Gas Bookstore
Later in this Blog, i will list books required for Oil and Gas Industry including its new software.
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