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Check out the similarities and differences of DRC logic between the two DB vendors – MSFT & ORCL to understand the basic facilities.

Mirroring and Log Shipping
http://msdn.microsoft.com/en-us/library/ms187016.aspx

Mirroring vs Oracle Dataguard
http://www.oracle.com/technetwork/database/features/availability/dataguarddatabasemirroring-094251.html

Mirroring and Log Shipping – Extended Overview
http://sqldbpool.com/2010/02/15/database-mirroring-vs-log-shipping/

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