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Saturday, February 23, 2013
Global Digital Oil Field Market By Services (Automation & Instrumentation, Information Technology) & Geography Forecasts To 2022
Global Digital Oil Field Market By Services (Automation & Instrumentation, Information Technology) & Geography Forecasts To 2022
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Dublin, Ireland (PRWEB) February 22, 2013
Research and Markets has announced the addition of the "Global Digital Oil Field Market By Services (Automation & Instrumentation, Information Technology) & Geography - Forecasts To 2022" report to their offering.
Digital oil field technology is a combination of IT and automation & instrumentation technologies, as an improvement of the existing technologies in the oil & gas industry. This integrated operations technology makes the analysis faster and easier with software involved in efficient data management, provides more realistic image of the reservoir and the availability of resources, helps to optimize process required for production, and renders much safer operations with the inclusion of remote surveillance and collaborated environments. Digital oil field technology includes segments of IT such as outsourcing, software services, and equipment based expenditure. Automation & instrumentation is another segment of digital oil field market, which includes key networking processes and communication technologies such as SCADA, PLC, smart well, safety systems, and wireless systems.
Digital oil field is an integrated operation system that helps in reservoir optimization, production optimization, drilling and well completion, and other processes. The above mentioned are the process improved by the implementation of the technology. This smart field based technology reinvents production using new techniques such as creation of smart wells and establishing agile communication using remote surveillance & operating and high-end technology.
Revival of the older methodologies in the oil & gas sector became essential to increase and minimize the deficit in supply. The high average age of oil & gas industry professionals indicated more retirements in the near future, resulting in reduction of man power in the industry; hence this was met by automated production platforms, intelligent machinery and systems. The safety factors proved to be high after installing digital oil field technology based machines and systems. These are the reasons which are driving the market apart from the regulations from government bodies in some parts of the world.
This Global Digital Oil Field Market report profiles leading players of this industry with their recent developments and other strategic industry activities, namely Schlumberger Ltd (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Emerson Electric Company (U.S.), ABB Group (Switzerland), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), TIBCO Software Inc. (U.S.), Tata Consultancy Service (India), Accenture Plc (Ireland), Redline Communications Group Inc. (Canada), Paradigm Ltd (U.S.), and Kongsberg Oil and Gas Technologies AS (Norway).
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
4 GLOBAL DIGITAL OIL FIELD MARKET, BY SERVICES
5 GLOBAL DIGITAL OIL FIELD MARKET, BY PROCESS FOCUS
6 DIGITAL OIL FIELD MARKET, BY GEOGRAPHY
7 COMPETITIVE LANDSCAPE
8 COMPANY PROFILES
For more information visit http://www.researchandmarkets.com/research/rwkbmx/global_digital
Research and Markets
Laura Wood, Senior Manager.
press (at) researchandmarkets (dot) com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Oil
Read the full story at http://www.prweb.com/releases/2013/2/prweb10458982.htm.
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Source:PRWEB.COM Newswire. All Rights Reserved
Source: http://www.videobasedtutorials.com/articles/viewarticle.jsp?id=2445714
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Sequester square-dance
WASHINGTON (AP) ? Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both.
Spending by federal, state and local governments on payrolls, equipment, buildings, teachers, emergency workers, defense programs and other core governmental functions has been shrinking steadily since the deep 2007-2009 recession and as the anemic recovery continues.
This recent shrinkage has largely been obscured by an increase in spending on benefit payments to individuals under "entitlement" programs, including Social Security, Medicare, Medicaid and veterans benefits. Retiring baby boomers are driving much of this increase.
Another round of huge cuts ? known in Washington parlance as the "sequester" ? will hit beginning March 1, potentially meaning layoffs for hundreds of thousands of federal workers unless Congress and President Barack Obama can strike a deficit-reduction deal to avert them.
With the deadline only a week off, Obama and Republicans who control the House are far apart over how to resolve the deadlock. While last-minute budget deals are frequent in Washington, neither side is optimistic of reaching one this time.
Even as the private sector has been slowly adding jobs, governments have been shedding them, holding down overall employment gains and keeping the jobless rate close to 8 percent, compared with normal non-recessionary levels of 5 to 6 percent that have prevailed since the 1950s.
"It's a massive drag on the economy. We lost three-quarter million public-sector jobs in the recovery," said economist Heidi Shierholz of the labor-friendly Economic Policy Institute. "We're still losing government jobs, although the pace has slowed. But we haven't turned around yet."
A larger-than-usual decline in federal spending, notably on defense programs, helped push the economy into negative territory in the final three months of 2012. Economic growth, meanwhile, has been inching along at a weak 1-2 percent ? not enough to significantly further drive down the national unemployment rate, which now stands at 7.9 percent.
Although federal spending is projected to decline from 22.8 percent of the gross domestic product recorded last year to 21.5 percent by 2017, it still will exceed the 40-year-average of 21.0 percent, according to the nonpartisan Congressional Budget Office. Spending peaked at 25.2 percent of GDP in 2009.
The budget office also said the economy is roughly 5.5 percent smaller than it would have been had there been no recession.
The Defense Department already has made deep spending cuts, and outgoing Defense Secretary Leon Panetta said 800,000 civilian Pentagon employees were notified this week they likely are to be placed on periods of unpaid leave due to lawmakers' failure to act.
The recent downsizing in government is most pronounced at the state and local levels. Most states have constitutional or statutory requirements for balanced budgets.
That means nearly all states are prohibited from running budget deficits, while the federal government is not.
Not only can the federal government run deficits, but it can print money ? through actions by the Federal Reserve ? something states are prohibited from doing.
Those calling for a smaller government mostly don't take notice of the wave of recent cutbacks. Their clarion call remains Ronald Reagan's mantra: Government doesn't solve problems, it is the problem.
"This spending issue is the biggest issue that threatens our future," House Speaker John Boehner, R-Ohio, says. "When are we going to get serious about our long-term spending problem?"
And Florida Sen. Marco Rubio of Florida, delivering the GOP response to Obama's State of the Union address, said "a major cause of our recent downturn was a housing crisis created by reckless government policies."
Soaring recent government deficits are partially a side effect of the worst recession since the 1930s, which took a huge bite out of tax revenues at the same time spending increased on recession-fighting programs like unemployment compensation and stimulus measures under both Presidents George W. Bush and Obama.
"The problem going forward is one of demographics and rising health care. It is the baby boom generation retiring," said Alice Rivlin, a White House budget director under President Bill Clinton. "It's the fact that everybody is living longer."
Republicans argue that entitlement programs should be on the cutting board as well as other government programs. Democrats generally have been more protective of them, although the president and many congressional Democrats acknowledge some paring of these popular programs is in order.
The federal budget deficit for the fiscal year ending Sept. 30 is estimated to be $845 billion ? the first time it's dropped below $1 trillion in five years. But it's on track to rise again as more and more baby boomers retire and qualify for federal benefits and as interest payments on the national debt keep going up.
The national debt first inched past $1 trillion early in the Reagan administration and has grown in leaps and bounds ever since through both Democratic and Republican presidencies. It now stands at $16.6 trillion and is on a path toward soon becoming unsustainable, both parties agree.
Unchecked, entitlement payments will add roughly $700 billion to the debt over the next four years.
For now, though, "the economy is continuing to heal from the worst economic downturn since the Great Depression," top White House economic adviser Alan Krueger says.
Under the sequester law, roughly $85 billion in federal spending would be slashed in the remaining seven months of this fiscal year and a total of $1.2 trillion in cuts over 10 years.
While entitlement programs and uniformed military personnel would be exempt, the rest of the government would be hit with indiscriminate across-the-board cuts.
Obama wants government deficits trimmed through a mix of selective spending cuts and new tax revenues, mostly by ending deductions and tax credits frequently claimed by the wealthiest Americans.
Republicans oppose any new taxes, even if for closing loopholes rather than increasing rates.
The looming spending cuts were first scheduled to take effect on Jan. 1. But they were postponed to March 1 as part of year-end "fiscal cliff" negotiations that also raised tax rates on affluent Americans. Republicans insist that's enough tax increasing for now.
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Follow Tom Raum on Twitter: http://www.twitter.com/tomraum
Source: http://news.yahoo.com/govt-downsizes-amid-gop-demands-more-cuts-082500640--politics.html
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New breast cancer treatment approved
A drug that presents a new way to knock out cancer cells was approved Friday to treat patients with a certain type of late-stage metastatic breast cancer.
The drug, referred to as T-DM1 during clinical research, will now be known by the brand name Kadcyla, the Food and Drug Administration said in its approval announcement. It's a new therapy for women with HER2-positive breast cancer.
Kadcyla is a combination of the targeted drug trastuzumab -- better known by the brand name Herceptin -- and a powerful chemotherapy drug called DM1. It's designed to work when Herceptin alone can no longer keep cancer in check.
DM1 is too toxic to deliver directly into a patient's bloodstream, like other chemotherapy drugs. The Herceptin part of the new drug homes in on cancer cells, sparing other healthy cells, and delivers DM1 into the cell.
"Kadcyla delivers the drug to the cancer site to shrink the tumor, slow disease progression and prolong survival," said Dr. Richard Pazdur, director of the Office of Hematology and Oncology Products in the FDA's Center for Drug Evaluation and Research, in a statement. The drug is the fourth approved to target the HER2 protein.
Genentech, the company that developed the drug, is working to get it to patients "imminently," said spokesman Susan Willson. "As soon as humanly possible, but within two weeks at the outside."
Kadcyla will cost about $9,800 monthly, which Willson said is "similar to the cost of other treatment regimens in this line of therapy." The estimated cost of a course of Kadcyla -- 9? months -- is about $94,000.
But "we want to ensure that people who are eligible for this medicine have access to it," Willson said. Genentech plans to initiate patient assistance programs for the drug to help those who might not be able to afford it; those without health insurance or those who have reached the lifetime limit set by their insurance companies may qualify to receive Kadcyla for free.
Breast cancer is the second leading cause of cancer-related deaths among women, according to the National Cancer Institute and the U.S. Centers for Disease Control and Prevention.
HER2 is a protein involved in normal cell growth. It's found in increased amounts on some types of cancer cells. In HER2-positive breast cancers, the increased amount of the protein contributes to cancer call growth and survival. Nearly 20% of breast cancers have increased amounts of HER2.
Researchers announced the results of a large three-year clinical trial of Kadcyla in June, saying they were optimistic about it. One significant benefit, according to lead study author Dr. Kimberly Blackwell of Duke University, is the lack of significant side effects and a better quality of life for patients on the drug.
Patients participating in the trial, she said, were the first group for whom officials worried about fixing their hair for media interviews.
Kadcyla, known as an "antibody-drug conjugate," represents "a completely new way" to treat HER2 positive metastatic breast cancer, said Dr. Hal Barron, chief medical officer and head of global product development for Genentech.
An antibody-drug conjugate is described by the company as "a new kind of targeted medicine that can attach to certain types of cells and deliver chemotherapy directly to them."
"We currently have more than 25 antibody-drug conjugates in our pipeline and hope this promising approach will help us deliver more medicines to fight other cancers in the future," Barron said in a statement.
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Friday, February 22, 2013
Tyson sues Live Nation over alleged embezzlement
FILE - In this Saturday, Feb. 16, 2013 file photo, former heavyweight champion Mike Tyson smiles during a promotional event for former five-time champion Evander Holyfield's Real Deal barbecue sauce at a Chicago grocery store. Tyson and his wife sued SFX Financial Advisory Management Services, a subsidiary of Live Nation Entertainment on Wednesday Feb. 20, 2013, claiming a former employee of the financial services company embezzled more than $300,000 from them and cost them millions in lucrative contracts. (AP Photo/Charlie Arbogast)
FILE - In this Saturday, Feb. 16, 2013 file photo, former heavyweight champion Mike Tyson smiles during a promotional event for former five-time champion Evander Holyfield's Real Deal barbecue sauce at a Chicago grocery store. Tyson and his wife sued SFX Financial Advisory Management Services, a subsidiary of Live Nation Entertainment on Wednesday Feb. 20, 2013, claiming a former employee of the financial services company embezzled more than $300,000 from them and cost them millions in lucrative contracts. (AP Photo/Charlie Arbogast)
LOS ANGELES (AP) ? Mike Tyson sued a financial services firm owned by Live Nation Entertainment on Wednesday, claiming one of its advisers embezzled more than $300,000 from the former heavyweight champ and cost him millions more in lost earnings.
The lawsuit claims that Live Nation and its company SFX Financial Advisory Management Enterprises haven't given the boxer and his wife, Lakiha, a full accounting of their losses. The company returned some of the embezzled money but wanted the Tysons to sign a nondisclosure agreement, which they refused, the suit states.
The lawsuit seeks more than $5 million in damages for breach of fiduciary duty, negligent hiring, unjust enrichment and other claims.
A spokeswoman for Live Nation Entertainment Inc. said the company had not been served with the lawsuit and could not comment on it.
The lawsuit claims the embezzlement prevented the Tysons from emerging from bankruptcy, and forced them to hire new advisers and turn down lucrative contracts. The couple trusted Brian Ourand, their adviser at SFX, so much that he attended their wedding, the case states.
Ourand, who could not be reached for comment, has since left SFX, according to the lawsuit. The filings claim his conduct has not been reported to regulators.
"Defendants did not secure, protect, safeguard and appropriately apply the Tysons' finances for their intended purposes," the case states, "but instead misappropriated said funds for the benefit and enrichment of SFX/Live Nation.
The former boxer has broadened his career in recent years, including appearing in "The Hangover" and leading a one-man autobiographical show, "Undisputed Truth."
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Williamsburg Penthouse Gets Most Amazing NYC ... - AOL Real Estate
@DouglasElliman smacked down the competition to be the winner of this week's #housepornthurs contest with this immaculate white penthouse in the Williamsburg neighborhood of Brooklyn, N.Y. Those amazing views of the iconic Williamsburg Bridge and the Manhattan skyline would win anyone over! We do want to give props to the runner-up, @BrandonRSwanson. He pitched this totally rad hobbit-like dome home in Goleta, Calif., which got us really excited. Better luck next time!
If you're a bit of a socialite, then this place is in the perfect location. Some of Brooklyn's trendiest restaurants and high-end shops are just steps away. And for the commuter, convenience is key, and this place is close to subways and a 15-minute water taxi to Manhattan. The building has concierge service, glass elevators and a common roof deck.
See the listing for more details.
Find more homes for sale in Brooklyn, N.Y., or search listings in your area.
The #housepornthurs contest is a weekly Twitter conversation hosted by @aolrealestate. Tweet listings every Thursday to AOL Real Estate with the hashtag #housepornthurs for a chance to have one of your submissions featured as a House of the Day the following week.
See more Houses of the Day on AOL Real Estate.
Got a tip for House of the Day? Know of an exceptional or unusual property currently listed for sale? Please email colin.croughan@teamaol.com with your suggestions and be sure to include links to listing details and photos. (Due to the volume of response, we unfortunately are unable to reply to each submission.)
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find foreclosures in your area.
Find homes for rent in your area.
See celebrity real estate.
Source: http://realestate.aol.com/blog/2013/02/21/williamsburg-penthouse-nyc-homes-for-sale/
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Tuesday, February 19, 2013
Microsoft's Outlook takes aim at Google's Gmail
FILE - In this Jan. 10, 2009 file photo, the Microsoft logo is seen at the company's exhibit at the Consumer Electronics Show in Las Vegas. Microsoft is so confident it has the Internet's best email service that it is about to spend at least $30 million to send its message across the U.S. starting Tuesday Feb. 129, 2013. (AP Photo/Paul Sakuma, file)
FILE - In this Jan. 10, 2009 file photo, the Microsoft logo is seen at the company's exhibit at the Consumer Electronics Show in Las Vegas. Microsoft is so confident it has the Internet's best email service that it is about to spend at least $30 million to send its message across the U.S. starting Tuesday Feb. 129, 2013. (AP Photo/Paul Sakuma, file)
SAN FRANCISCO (AP) ? Microsoft is so confident it has the Internet's best email service that it is about to spend at least $30 million to send its message across the U.S.
The barrage begins Tuesday when Microsoft's twist on email, Outlook.com, escalates an assault on rival services from Google Inc., Yahoo Inc., AOL Inc. and a long list of Internet service providers.
As part of the process, all users of Microsoft's Hotmail and other email services operating under different domains such as MSN.com will be automatically converted to Outlook.com by the summer, if they don't voluntarily switch before then. All the old messages, contacts and settings in the old inboxes will be exported to Outlook.com. Users will also be able to keep their old addresses.
Email remains a key battleground, even at a time when more people are texting each other on phones.
People still regularly check their inboxes, albeit increasingly on their smartphones. The recurring email habit provides Internet companies a way to keep people coming back to websites. It gives people a reason to log in during their visits so it's easier for email providers to track their activities. Frequent visits and personal identification are two of the keys to selling ads, the main way most websites make money.
That's why Microsoft, Google and Yahoo have been retooling their email services in recent months.
After keeping Outlook.com in a "preview" phase since July 31, Microsoft Corp. is ready to accept all comers.
To welcome new users, Microsoft is financing what it believes to be the biggest marketing blitz in the history of email. Outlook.com will be featured in ads running on primetime TV, radio stations, websites, billboards and buses. Microsoft expects to spend somewhere between $30 million to $90 million on the Outlook campaign, which will run for at least three months.
The Outlook ads will overlap with an anti-Gmail marketing campaign that Microsoft launched earlier this month. The "Scroogled" attacks depict Gmail as a snoopy service that scans the contents of messages to deliver ads related to topics being discussed.
The Gmail ads are meant to be educational while the Outlook campaign is motivational, said Dharmesh Mehta, Outlook.com's senior director.
"We are trying to push people who have gotten lazy and comfortable with an email service that may not be all that great and help show them what email can really do for them," said Mehta.
By Microsoft's own admission, Hotmail had lost the competitive edge that once made it the world's largest email service. The lack of innovation left an opening for Google to exploit when it unveiled Gmail nearly nine years ago.
Gmail is now the industry leader, although estimates on its popularity vary.
Google says Gmail has more than 425 million accountholders, including those that only visit on smartphones and other mobile device. The latest data from research firm comScore, which doesn't include mobile traffic, shows Gmail with 306 million worldwide users through December, up 21 percent from the previous year. Yahoo's email ranked second with 293 million users, a 2 percent decrease from the previous year, followed by Hotmail at 267 million users, a 16 percent decline from the previous year.
Microsoft, which is based in Redmond, Wash., is counting on Outlook.com to catapult the company back to the top of the email heap. During the preview period, Outlook attracted 60 million accountholders, including about 20 million that defected from Gmail, according to Microsoft. Comscore listed Outlook with 38 million users through December.
The new features being introduced in Outlook include: the ability to send massive files, including hundreds of photos at a time, in a single email; address books that automatically update new contact information that connections post on Facebook, Twitter and LinkedIn; and about 60 percent fewer ads than Hotmail.
None of these features are revolutionary. Google already has been giving its users the option to switch to a new version of Gmail that also allows for larger files to be sent in a single email. And address books in Gmail already fetch new contact information posted on Google Plus, although it doesn't yet mine Facebook, Twitter and LinkedIn.
Google declined to comment on Outlook.com. The company, which is based in Mountain View, Calif., plans to convert all of its Gmail users to its redesigned format within the next few months.
Yahoo, which is based in Sunnyvale, Calif. revamped its email service late last year in an effort to provide a more consistent experience on personal computers and mobile devices.
Outlook.com is the latest in a series of major product leases from Microsoft, which has been struggling to regain the cachet that once made it the world's most valuable technology company.
Now, both Apple Inc. and Google are worth more because they have been growing far faster than Microsoft as their products win more fans. Apple's biggest gains have come from the iPhone and IPad, while Google has been benefiting from its dominance in Internet search and its widely used Android software for mobile devices.
Microsoft has been trying to catch up with a major makeover of its Windows operating system, new smartphone software and a tablet computer called Surface. Like Outlook.com, all those products have been backed by expensive marketing campaigns in recent months.
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