Talisman Case in Iraq Essay Example

Talisman Case in Iraq Essay Talisman Energy INC. : The Decision to Enter Iraq I. Introduction Any company that decides to expand internationally should consider many complexities that it might face. Because of the differences in political system, culture, surrounding environment, and many other factors, there might be great barriers for a firm to expand internationally. The CEO of Talisman Energy Inc and senior executive team have to convince the board of directors to enter Kurdistan region of Iraq. After Talismans scandal in Sudan, taking any other step into an unstable region carries a great risk. II. The Problems 1. Talisman Energy Inc. started as a small independent oil company which needed to grow and expand internationally since that North America offered only limited growth potentials. 2. Talisman Energy Inc. has suffered a great loss not only financially but also the companys reputation was affected after NGOs accused Talisman of fueling the civil war in Sudan. Some of the major investors threatened to sell their shares if Talisman didnt leave Sudan. 3. The price of oil reached 130$ per barrel, while the world demanded for oil, oil companies had to enter sensitive environments and countries to search for oil. Talisman decided to enter Kurdistan of Iraq as it is an oil rich region. 4. Kurdistan has been trying to separate from the rest of Iraq for many years, but they couldnt do so because they were fought by Saddam Hussain and his troops. Now, they wont miss any opportunity to have their independence. 5. Iraq is still an unstable country with all what it went through during the war with Iran and the US invasion. III. We will write a custom essay sample on Talisman Case in Iraq specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Talisman Case in Iraq specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Talisman Case in Iraq specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The Suggested Solutions Since that Talisman is looking for an oil-rich regions, and found that Kurdistan is a good place to invest they should take some steps to avoid any future conflicts and minimize the risks. These steps are as follows: Talisman should be very transparent about where their money is going. They have to pay 220$ million to the Kurdistans government, but they should announce where the money is going and investigate if this money might be used to fuel civil wars in Iraq. Talisman cannot take the risk and face another scandal like what happened in Sudan. Talisman should investigate about how independent Kurdistan is from the rest of Iraq, if there is any singe of conflict between Kurdistan and the government of Iraq, Talisman then should clear it out with the Iraqi government. It is as I mentioned an unstable region, so there is a great chance of conflicts. Talisman should clear out how the shares after oil discovery will be divided, since that they are not sure of finding oil or not, there might be some conflicts after the oil discovery, simply because oil is demanded all over the world, so the Iraqi government might change its mind and decide to get its share of the profit. Talisman should use the media to their side before any other conflict appears. There should be some meetings with NGOs to clear out Talismans policy and intentions in entering Iraq. There has to be a communication between Talisman and the NGOs to make sure that the company is away from funding any civil wars. That way, shareholders will feel even more comfortable, and the company will not risk its reputation. V. Implementation of the Solutions (1) Talisman should start meeting with NGOs before they enter Iraq, this way the company will be clear with the rest of the world about their future moves. 2) The investigation about the situation between Kurdistan and the Iraqi government should begin earlier and continue even after they enter Iraq, this way Talisman will be aware of the situation and be prepared for any future conflict. (3) After Talisman enters Iraq, there should be more meeting and consultations with NGOs to discuss the situation and to make the media aware of the companys activity in Kurdistan and that it is not funding any civil wars. All in all, entering international markets carries many risks, actually this fact applies to any change in the world, and changes carry risk and opportunities. An organization that decides to go abroad has to study all risks and be prepared to face any conflict. Talisman is facing a great risk in entering Iraq, but the growth potentials are very high if things work out. The company should be prepared with strategies to minimize the risks.

How Electric Motors and Generators Work

How Electric Motors and Generators Work Electric vehicles rely exclusively on electric motors for propulsion, and hybrids use electric motors to assist their internal combustion engines for locomotion. But thats not all. These very motors can be, and are, used to generate electricity (through the process of regenerative braking) for charging these vehicles onboard batteries. The most common question is: How can that be ... how does that work? Most folks understand that a motor is powered by electricity to do work- they see it every day in their household appliances (​washing machines, vacuum cleaners, food processors). But the idea that a motor can run backward, actually generating electricity rather than consuming it seems almost like magic. But once the relationship between magnets and electricity (electromagnetism) and the concept of conservation of energy is understood, the mystery disappears. Electromagnetism Motor power and electricity generation begin with the property of electromagnetism- the physical relationship between a magnet and electricity. An electromagnet is a device that acts like a magnet, but its magnetic force is manifested and controlled by electricity. When wire made of conducting material (copper, for example) moves through a magnetic field, current is created in the wire (a rudimentary generator). Conversely, when electricity is passed through a wire that is wound around an iron core, and this core is in the presence of a magnetic field, it will move and twist (a very basic motor). Motor/Generators Motor/generators are really one device that can run in two opposite modes. Contrary to what folks sometimes think, that does not mean that the two modes of the motor/generator run backward from each other (that as a motor the device turns in one direction and as a generator, it turns the opposite direction). The shaft always spins the same way. The change of direction is in the flow of electricity. As a motor, it consumes electricity (flows in) to make mechanical power, and as a generator, it consumes mechanical power to produce electricity (flows out). Electromechanical Rotation Electric motor/generators are generally one of two types, either AC (Alternating Current) or DC (Direct Current) and those designations are indicative of the type of electricity that they consume and generate. Without getting into too much detail and clouding the issue, this is the difference: AC current changes direction (alternates) as it flows through a circuit. DC currents flow  uni-directionally (stays the same) as it goes through a circuit. The type of current utilized is concerned mostly with the cost of the unit and its efficiency (An AC motor/generator is generally more expensive, but is also much more efficient). Suffice it to say that most hybrids and many larger all-electric vehicles use AC motor/generators- so that is the type well focus on in this explanation. An AC Motor/Generator Consists of 4 Main Parts: A shaft-mounted wire wound armature (rotor)A field of magnets that induce electrical energy stacked side-by-side in a housing (stator)Slip rings that carry the AC current to/from the armatureBrushes that contact the slip rings and transfer current to/from the electrical circuit The AC Generator in Action The armature is driven by a mechanical source of power (for example, in commercial electric power production it would be a steam turbine). As this wound rotor spins, its wire coil passes over the permanent magnets in the stator and an electric current is created in the wires of the armature. But because each individual loop in the coil passes first the north pole then the south pole of each magnet sequentially as it rotates on its axis, the induced current continually, and rapidly, changes direction. Each change of direction is called a cycle, and it is measured in cycles-per-second or hertz (Hz). In the United States, the cycle rate is 60 Hz (60 times per second), while in most other developed parts of the world it is 50 Hz. Individual slip rings are fitted to each of the two ends of the rotors wire loop to provide a path for the current to leave the armature. Brushes (which are actually carbon contacts) ride against the slip rings and complete the path for the current into the circuit to which the generator is attached. The AC Motor in Action Motor action (supplying mechanical power) is, in essence, the reverse of generator action. Instead of spinning the armature to make electricity, current is fed by a circuit, through the brushes and slip rings and into the armature. This current flowing through the coil wound rotor (armature) turns it into an electromagnet. The permanent magnets in the stator repel this electromagnetic force causing the armature to spin. As long as electricity flows through the circuit, the motor will run.