Over the last decade, Nabors Industries has literally broken ground with many of its new technological developments. Some of these, including its directional drilling technology and software-based drilling management systems, have utterly transformed the ways in which the oil industry operates in the United States today.
Through many of these innovations, oil plays, especially of the unconventional variety, that were once considered economically unviable have become rich sources of the nation’s energy reserves. Today, the United States produces the majority of its own oil resources, a dramatic change from where it stood even 20 years ago. This oil independence for the U.S.A. has largely been a product of the innovations taking place at companies such as Nabors Industries.
One of the areas in which Nabors Industries has been a global force in driving efficiency and productivity at the drilling site is through its development of drilling management software and it’s Canrig AC top drives line of directional drilling equipment, including steerable drill heads that create wells with precision and accuracy that have never before been possible.
The Canrig AC top drives system uses exclusive, patented software technology developed by Nabors Industries. This outperforms all others in the field by such an extent that it provides a significant competitive edge for Nabors Industries. Tony Petrello, the company’s CEO, does not believe that other drilling providers will catch up with Canrig AC top drives in the foreseeable future, leaving a significant, rich source of revenue for Nabors Industries, so long as unconventional oil plays persist throughout North America.
Another area in which Petrello has long been focused on creating new technologies is in the realm of automation. Given the tight economics of many unconventional oil plays in North America, anything that even slightly increases costs can be a deal-breaker. While anything that can potentially lower-cost can make an unviable play suddenly economically attractive.
Petrello believes that Nabors’ drilling products will be capable of nearly 100 percent automated drilling within the next 10 years.
James Dondero has recently talked about his strategies for achieving success in the field of finance. When he was talking about his strategies, he revealed three things that have helped make him and his firm successful. The first thing that Dondero mentioned was that he looks to invest in securities that are backed up by debt and credit. As a result, he has been able to make consistent profits on a regular basis. Another one of James’ strategies in finance is to stay on top of the financial markets. He researches the latest trends to get an idea of how the markets are performing. Lastly, Dondero looks to make deals that will likely result in a turnaround. In this situation, James is looking to acquire undervalued securities and then sell them once they reach a high value.
In 1990, James co founded the firm known as Highland Capital Management. He started up this firm with Mark Okada and together they built up a reputable life insurance company. The firm was a success by providing life insurance but looked to expand. The expansion of this firm included offering financial services to multiple investors. James wanted the firm to provide ways to meet the various needs of both individuals and institutional clients. As a result, the firm would begin to offer products such as hedge funds and private equity securities. Dondero also made the firm offer comprehensive services such as financial advising and wealth and asset management.
At the beginning of his career, James worked for a finance firm as a credit analyst. This position allowed him to get experience in a niche that would eventually be one of the primary service areas of his firm. During the next several years, James would advance to higher positions in the industry. At the peak of his working career, James Dondero was the chief investment officer at a finance firm. With this position, he was assigned to oversee the management of multi billion dollar asset holdings for firms such as American Express. After working in the field of finance for a number of years, James started up his own financial services firm.
On the first look, no one would think that such young blood could have accomplished such great success. More than just a distinguished graduate of Harvard, Eric Pulier is an entrepreneur, brilliant technologist, published author, columnist, philanthropist and public speaker with most successful business startups.
From his hometown in New Jersey, Pulier embarked on an education mission that sharpened his natural and impressive intelligence. As a young learner, he was so much into computers that he programmed his first ever computer in fourth-grade. By the time he was through with school, he was the most experienced programmer and started his computer database company.
Moving on to Harvard, he was an editor at the school’s daily newspaper; the Harvard Crimson. He also published his first paper while still at the Harvard Crimson. His insightful pieces of the editorial are still present on her writer profile at the Harvard. Pulier covered many diverse topics like terrorism dangers and the Harvard degree associated stigma. After his graduation from the Harvard, he moved on to Los Angeles where he pursued a successful career.
Erick Pulier’s XPrize is one of the most ground-breaking startups. XPrize comprises of several prize competitions for responsible individuals ready to take on the corporate business world. The mission behind XPrize is to assist adults and other determined teenagers to accomplish entrepreneurial dreams and get success reward.
Pulier’s other accomplishment was the Akana. Akana involves SOA software program and SOA vendors. He later sold Akana firm to Rogue Wave Software solutions. Pulier’s other achievement was his book on Understanding Enterprise SOA. Highly rated for its relevance, the book offers easy-to-understand and concise introduction about SOA Enterprise. His book is very simple to read and was featured on Forbes.
Other businesses that Eric Pulier started include Media Platform media presentation, US Interactive (Enterprise Professional Services), Desk tone (virtual desktops) and the SOA Software (service oriented infrastructure).
Pulier has already left extraordinary world footprint. He also developed the first ever space shuttle interactive live feed stream to assist astronauts with medical needs. Erick Pulier also wishes to continue his legacy and support other people by generating assertive computing technology among other helpful and innovative business startups.