38,302 research outputs found
Enterprise Risk Management In The Oil And Gas Industry: An Analysis Of Selected Fortune 500 Oil And Gas Companies Reaction In 2009 And 2010
In 2009, four of the top ten Fortune 500 companies were classified within the oil and gas industry. Organizations of this size typically have an advanced Enterprise Risk Management system in place to mitigate risk and to achieve their corporations\u27 objectives. The companies and the article utilize the Enterprise Risk Management Integrated Framework developed by the Committee of Sponsoring Organizations (COSO) as a guide to organize their risk management and reporting. The authors used the framework to analyze reporting years 2009 and 2010 for Fortune 500 oil and gas companies. After gathering and examining information from 2009 and 2010 annual reports, 10-K filings, and proxy statements, the article examines how the selected companies are implementing requirements identified in the previously mentioned publications.
Each section examines the companies Enterprise Risk Management system, risk appetite, and any other notable information regarding risk management. One observation was the existence or non-existence of a Chief Risk Officer or other Senior Level Manager in charge of risk management. Other observations included identified risks, such as changes in economic, regulatory, and political environments in the different countries where the corporations do business. Still others identify risks, such as increases in certain costs that exceed natural inflation, volatility and instability of market conditions. Fortune 500 oil and gas companies included in this analysis are ExxonMobil, Chevron, ConocoPhillips, Baker Hughes, Valero Energy, and Frontier Oil Corporation.
An analysis revealed a sophisticated understanding and reporting of many types of risks, including those associated with increasing production capacity. Specific risks identified by companies included start-up timing, operational outages, weather events, regulatory changes, geo-political and cyber security risks, among others. Mitigation efforts included portfolio management and financial strength. There is evidence that companies in later reports (2013) are more comprehensive in their risk management and reports as evidenced by their 10-K and Proxy Statements (Marathon Oil Corporation, 2013)
Wind tunnel test 0A113 of the 0.010-scale space shuttle orbiter model 51-0 in the calspan hypersonic shock tunnel (48-inch leg)
Results are presented of wind tunnel test conducted Hypersonic Shock Tunnel using a 0.010-scale 140A/B configuration orbiter model designated 51-0. The test objectives were: (1) to obtain force and moment data at various Mach numbers and Reynolds numbers from which viscous interaction effects on stability and control may be determined. (1) To provide flow visualization data from which the effects of control surface separation may be evaluated. and (3) To obtain pressure data in conjunction with force and moment data to assist in analyzing viscous interaction and flow separation effects. Data were obtained at angles-of-attack of 20 deg, 30 deg, 40 deg, and 50 deg. The Mach number range covered was from 10 to 16 and the viscous interaction parameter range was from 0.01 to 0.06
Chemical kinetic analysis of hydrogen-air ignition and reaction times
An anaytical study of hydrogen air kinetics was performed. Calculations were made over a range of pressure from 0.2 to 4.0 atm, temperatures from 850 to 2000 K, and mixture equivalence ratios from 0.2 to 2.0. The finite rate chemistry model included 60 reactions in 20 species of the H2-O2-N2 system. The calculations also included an assessment of how small amounts of the chemicals H2O, NOx, H2O2, and O3 in the initial mixture affect ignition and reaction times, and how the variation of the third body efficiency of H2O relative of N2 in certain key reactions may affect reaction time. The results indicate that for mixture equivalence ratios between 0.5 and 1.7, ignition times are nearly constant; however, the presence of H2O and NO can have significant effects on ignition times, depending on the mixture temperature. Reaction time is dominantly influenced by pressure but is nearly independent of initial temperature, equivalence ratio, and the addition of chemicals. Effects of kinetics on reaction at supersonic combustor conditions are discussed
A Systems-Based Approach to the Identification of User/Infrastructure Interdependencies as a Precursor to Identifying Opportunities to Improve Infrastructure Project Value/Cost Ratios
The bulk of the investment needed for infrastructure renewal in the United Kingdom will have to come from private
sector investors, who will require attractive value/cost ratios. Government recognises infrastructure interdependencies
can help deliver these, but returns remain uncertain. New business models are required to overcome this problem,
which take account of enterprise-centred infrastructure interdependencies (interdependencies between social and
economic enterprises and the infrastructures they use). The complex and closely coupled nature of enterprise and
infrastructure systems can stand in the way of identifying these interdependencies; however, model-based systems
engineering techniques offer a framework for dealing with this complexity. This paper describes research that the
iBUILD project is doing to develop a methodology for modelling the interdependencies between infrastructure and
the enterprises that use it, as a precursor to identifying opportunities to improve infrastructure project value/cost
ratios. The methodology involves: identifying the suite of policy, strategy and operational documents relating to the
enterprise-of-interest; eliciting system data from the documents and integrating it to create an enterprise system
model; and, generating N2 diagrams from the model to identify the interdependencies
The latent process decomposition of cDNA microarray data sets
We present a new computational technique (a software implementation, data sets, and supplementary information are available at http://www.enm.bris.ac.uk/lpd/) which enables the probabilistic analysis of cDNA microarray data and we demonstrate its effectiveness in identifying features of biomedical importance. A hierarchical Bayesian model, called latent process decomposition (LPD), is introduced in which each sample in the data set is represented as a combinatorial mixture over a finite set of latent processes, which are expected to correspond to biological processes. Parameters in the model are estimated using efficient variational methods. This type of probabilistic model is most appropriate for the interpretation of measurement data generated by cDNA microarray technology. For determining informative substructure in such data sets, the proposed model has several important advantages over the standard use of dendrograms. First, the ability to objectively assess the optimal number of sample clusters. Second, the ability to represent samples and gene expression levels using a common set of latent variables (dendrograms cluster samples and gene expression values separately which amounts to two distinct reduced space representations). Third, in contrast to standard cluster models, observations are not assigned to a single cluster and, thus, for example, gene expression levels are modeled via combinations of the latent processes identified by the algorithm. We show this new method compares favorably with alternative cluster analysis methods. To illustrate its potential, we apply the proposed technique to several microarray data sets for cancer. For these data sets it successfully decomposes the data into known subtypes and indicates possible further taxonomic subdivision in addition to highlighting, in a wholly unsupervised manner, the importance of certain genes which are known to be medically significant. To illustrate its wider applicability, we also illustrate its performance on a microarray data set for yeast
Ignition of mixtures of SiH sub 4, CH sub 4, O sub 2, and Ar or N sub 2 behind reflected shock waves
Ignition delay times in mixtures of methane, silane, and oxygen diluted with argon and nitrogen were measured behind reflected shock waves generated in the chemical kinetic shock tube at Langley Research Center. The delay times were inferred from the rapid increase in pressure that occurs at ignition, and the ignition of methane was verified from the emission of infrared radiation from carbon dioxide. Pressures of 1.25 atm and temperatures from 1100 K to 1300 K were generated behind the reflected shocks; these levels are representative of those occurring within a supersonic Ramjet combustor. Expressions for the ignition delay time as a function of temperature were obtained from least squares curve fits to the data for overall equivalence ratios of 0.7 and 1.0. The ignition delay times with argon as the diluent were longer than those with nitrogen as the diluent. The infrared wavelength observations at 4.38 microns for carbon dioxide indicated that silane and methane ignited simultaneously (i.e., within the time resolution of the measurement). A combined chemical kinetic mechanism for mixtures of silane, methane, oxygen, and argon or nitrogen was assembled from one mechanism that accurately predicted the ignition of methane and a second mechanism that accurately predicted silane hydrogen ignition. Comparisons between this combined mechanism and experiment indicated that additional reactions, possibly between silyl and methyl fragments, are needed to develop a good silane methane mechanism
Numerical Algorithm for Detecting Ion Diffusion Regions in the Geomagnetic Tail with Applications to MMS Tail Season May 1 -- September 30, 2017
We present a numerical algorithm aimed at identifying ion diffusion regions
(IDRs) in the geomagnetic tail, and test its applicability. We use 5 criteria
applied in three stages. (i) Correlated reversals (within 90 s) of Vx and Bz
(at least 2 nT about zero; GSM coordinates); (ii) Detection of Hall electric
and magnetic field signatures; and (iii) strong (>10 mV/m) electric fields.
While no criterion alone is necessary and sufficient, the approach does provide
a robust, if conservative, list of IDRs. We use data from the Magnetospheric
Multiscale Mission (MMS) spacecraft during a 5-month period (May 1 to September
30, 2017) of near-tail orbits during the declining phase of the solar cycle. We
find 148 events satisfying step 1, 37 satisfying steps 1 and 2, and 17
satisfying all three, of which 12 are confirmed as IDRs. All IDRs were within
the X-range [-24, -15] RE mainly on the dusk sector and the majority occurred
during traversals of a tailward-moving X-line. 11 of 12 IDRs were on the
dusk-side despite approximately equal residence time in both the pre- and
post-midnight sectors (56.5% dusk vs 43.5% dawn). MMS could identify signatures
of 4 quadrants of the Hall B-structure in 3 events and 3 quadrants in 7 of the
remaining 12 confirmed IDRs identified. The events we report commonly display
Vx reversals greater than 400 km/s in magnitude, normal magnetic field
reversals often >10 nT in magnitude, maximum DC |E| which are often well in
excess of the threshold for stage 3. Our results are then compared with the set
of IDRs identified by visual examination from Cluster in the years 2000-2005.Comment: In Submission at JGR:Space Physic
Ground-based photometric surveillance of the passive geodetic satellite
Ground-based photometry of Passive Geodetic Earth Orbiting Satellite /PAGEOS
Photometric measurements of surface characteristics of echo i satellite final report
Photometric measurements of Echo I satellite surface characteristic
- …