Discussion Question 1: Introduction To Upcoming Class ✓ Solved

Dq C Discussion Question 1 Cdq Directed At Upcoming Cla 1 Grad

Dq C Discussion Question 1 Cdq Directed At Upcoming Cla 1 Grad

Research six (6) peer-reviewed articles using databases such as LIRN or JSTOR that can be used to justify arguments for your upcoming CLA1 assignment. Summarize each article, highlighting its purpose and how it will be used in your assignment. Include an example of each article's application in industry. Provide the references in correct APA format. Your summaries should be detailed enough to support your arguments and differ from the abstract. The research is intended to prepare proactively for your CLA1, which involves analyzing the case of “Pacific Drilling: The Preferred Offshore Driller”. Additionally, write a comprehensive paper that includes a case summary, reasons for offshore drilling, types of offshore drilling, analysis of stock decline in 2014 related to oil prices, evaluation of collaboration with Chevron, and challenges faced by the company, supported by at least six peer-reviewed sources.

Sample Paper For Above instruction

Introduction to the Case: Pacific Drilling

The case “Pacific Drilling: The Preferred Offshore Driller” provides an insightful analysis of the company’s strategic positioning within the offshore drilling industry. Pacific Drilling, known for its advanced drilling rigs and technological capabilities, faced several operational and financial challenges especially during the downturn in global oil prices. The case discusses the company’s financial resilience, strategic partnerships, and technological innovations amidst an increasingly competitive landscape.

Why Offshore Drilling?

Offshore drilling is vital for extracting oil and natural gas from beneath the seabed, especially in regions where onshore resources are limited or inaccessible. Its importance stems from the necessity to meet global energy demands, support economic growth, and diversify energy sources. Offshore drilling enables access to reserves in deepwater and ultra-deepwater environments, which are critical for sustaining future energy supplies.

Types of Offshore Drilling

There are three main types of offshore drilling: (1) Jack-up rigs, used mainly in shallow waters; (2) Semi-submersible rigs, suitable for deeper waters; and (3) Drillships, designed for ultra-deepwater exploration. Each type is selected based on water depth, geological conditions, and operational requirements.

Analysis of Stock Decline in 2014

The significant fall of Pacific Drilling’s stock in 2014 was largely correlated with the drastic decline in global oil prices, which decreased from over $100 per barrel to below $50. This price collapse was driven by increased shale oil production in the US, OPEC’s decision to maintain output levels, and macroeconomic factors. The company’s revenue and profitability were impacted as contracts became less lucrative, and new investments slowed down, leading to a decline in stock valuation.

Collaboration with Chevron: A Strategic Move?

Partnering with Chevron was a strategic move to stabilize operations and access lucrative contracts, especially during market downturns. Collaborations with industry giants like Chevron provided Pacific Drilling with technological expertise, financial support, and credibility in a volatile market. Such partnerships are often viewed as prudent, helping mitigate risks associated with fluctuating oil prices and technological challenges.

Challenges Faced by Pacific Drilling

  • Market Competition: Increased competition from shale producers and other offshore drillers compressed margins and led to bidding wars for contracts.
  • Technological Challenges: Maintaining and upgrading rigs to meet sophisticated safety and environmental standards required significant investment.
  • Price Fluctuations: Volatile international oil prices directly affected demand for offshore drilling services, influencing revenues and contractual stability.

In conclusion, Pacific Drilling's experience exemplifies the complexities within the offshore drilling industry, emphasizing technological innovation, strategic partnerships, and market adaptability in navigating industry challenges.

References

  • Author A., Author B. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author C., Author D. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author E., Author F. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author G., Author H. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author I., Author J. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author K., Author L. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author M., Author N. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author O., Author P. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author Q., Author R. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx
  • Author S., Author T. (Year). Title of the peer-reviewed article. Journal Name, Volume(Issue), pages. https://doi.org/xxxx

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