Awilco Offshore
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Awilco Offshore
Awilco Offshore was a Norway, Norwegian drilling rig owner. In 2008 the company operated five jackup rigs and two semi-submersible accommodation rigs, with several others on order. Awilco was founded in 2005, headquartered in Oslo and was listed on the Oslo Stock Exchange. Operation of its rigs was done by the company Premium Drilling, owned by Awilco and Sinvest. The company was acquired by China Oilfield Services in 2008 and merged into its existing operations. History The company was founded in February 2005 when it took over the offshore rig assets of Anders Wilhelmsen Group and at the same time acquiring Norwegian krone, NOK 1 billion in new Capital (economics), capital. In August 2005 Awilco bought 20.7% of Petrojack and at the same time performed a new capital expansion. In December 2005 Awilco merger, merged with Offshore Rig Services, taking over the company while issuing new shares to the Offshore Rig Services owners. Takeover The company accepted a United Stat ...
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China Oilfield Services
China Oilfield Services (COSL) is an oilfield services company. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited. China Oilfield Services usually purchases off shore vessels (OSVs) and operates them in Southeast Asia, the Middle East and Central Asia in off shore projects of CNOOC. It also operates in Indonesia, Malaysia and the Caspian Sea. Overseas COSL's overseas revenue surged 133% year on year in the first half of 2015 to 209.8 million yuan, driven by demand for its services in Indonesia, West Africa and the Middle East. COSL had an office in Kuala Lumpur, Malaysia briefly in the early 2000s when it had its first western Vice President, Alan Good, a British born Oilman who helped launch the company internationally and pushed for further growth in the international sector. COSL also maintains an office in Houston, TX as COSL America Stock Globally, the number of listed players ...
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Petrojack
Petrojack was a Norwegian offshore drilling rig operator. The company had two jackup rigs under order from Jurong Shipyard in Singapore, while it sold its two former rigs ''Petrojack I'' and ''Petrojack III'' to Maersk Drilling. The company was founded in 2004 and was listed on the Oslo Stock Exchange the next year. The largest shareholders were Petrolia Drilling (40%), Awilco Offshore (18%) and Sinvest Sinvest () is a Norwegian oil drilling investment company, with headquarters in Kristiansand. The company is a long-term financial and strategic investor in oil resources and offshore companies and has been listed on the Oslo Stock Exchange si ... (18%). Stock Value In week 47 2009, Petrojack's stock value went up from 0,90 NOK per share to a maximum of 7,12 NOK per share. On the first day of this extreme rise, at 09:49, the stock was suspended because the share price rose 64% without any statement from the company itself. The stock was reopened 11 minutes later at 10:00 ...
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Petroleum Industry In Norway
Norway is a large energy producer, and one of the world's largest exporters of oil. Most of the electricity in the country is produced by hydroelectricity. Norway is one of the leading countries in the electrification of its transport sector, with the largest fleet of electric vehicles per capita in the world (see plug-in electric vehicles in Norway and electric car use by country). Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway. With North Sea oil production having peaked, disagreements over exploration for oil in the Barents Sea, the prospect of exploration in the Arctic, as well as growing international concern over global warming, energy in Norway is currently receiving close attention. Overview Fossil fuels In 2011, Norway was the eighth largest crude oil exporter in the world (at 78 Mt), and the 9th largest exporter of refined oil (at 86&nbs ...
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Service Companies Of Norway
Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a punishment that may be imposed by a court * Fan service, a Japanese term referring to something which is specifically designed to entertain fans * Military service, serving in a country's armed forces * Feudal service, see Feudal land tenure in England * Public service, services carried out with the aim of providing a public good * Selfless service, a service which is performed without any expectation of result or award. Arts, entertainment, and media * ''Service'' (album), a 1983 album by Yellow Magic Orchestra * ''Service'' (film), a 2008 film * ''Service'' (play), a 1932 play by British writer Dodie Smith * Service (record label), a Swedish record label * "Service" (''The Walking Dead''), a 2016 television episode of ''The Walking De ...
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Drilling Rig Operators
Drilling is a cutting process where a drill bit is spun to cut a hole of circular cross-section in solid materials. The drill bit is usually a rotary cutting tool, often multi-point. The bit is pressed against the work-piece and rotated at rates from hundreds to thousands of revolutions per minute. This forces the cutting edge against the work-piece, cutting off chips (swarf) from the hole as it is drilled. In rock drilling, the hole is usually not made through a circular cutting motion, though the bit is usually rotated. Instead, the hole is usually made by hammering a drill bit into the hole with quickly repeated short movements. The hammering action can be performed from outside the hole ( top-hammer drill) or within the hole (down-the-hole drill, DTH). Drills used for horizontal drilling are called drifter drills. In rare cases, specially-shaped bits are used to cut holes of non-circular cross-section; a square cross-section is possible. Process Drilled holes are char ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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AFX News
Thomson Financial was an arm of the Thomson Corporation, an information provider. When the Thomson Corporation merged with Reuters to form Thomson Reuters in April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters. History Thomson Financial expanded significantly when it acquired Primark, another financial information provider, on June 6, 2000, for $842 million in an all-cash deal. Primark owned many brands in both the U.S. and UK/Europe such as Datastream, Baseline Financial, Intellivate Capital Ventures (ICV), and IBES. The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company. Thomson Financial sold its Thomson Media division in 2004. On 17 April 2008 the Thomson Corporation merged with Reuters and created the new company Thomson Reuters. Thomson Financial and Reuters combined their businesses into the M ...
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Lloyd's List
''Lloyd's List'' is one of the world's oldest continuously running journals, having provided weekly shipping news in London as early as 1734. It was published daily until 2013 (when the final print issue, number 60,850, was published), and is in constantly updated digital format only since then. Also known simply as ''The List'', it was begun by Edward Lloyd, the proprietor of Lloyd's Coffee House, as a reliable and concise source of information for the merchants' agents and insurance underwriters who met regularly in his establishment in Lombard Street, London, Lombard Street to negotiate insurance coverage for trading vessels. The digital version, updated hour-to-hour and used internationally, continues to fulfil a similar purpose. Today it covers information, analysis and knowledge relevant to the shipping industry, including marine insurance, offshore energy, logistics, market data, research, global trade and law, in addition to shipping news. History Predecessor publicati ...
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China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures"., note 1. The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations. Indicative of the role of the CSRC, China's highest court, the Suprem ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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1000000000 (number)
1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. With a number, "billion" can be abbreviated as b, bil or bn. In standard form, it is written as 1 × 109. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an ''eon'' in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is no longer common, and the word has been used to mean one thousand million (1,000,000,000) for several decades. The term ''milliard'' can also be used to refer to 1,000,000,000; whereas "milliard" is rarely used in English, variations on this name often appear in other languages. In the South Asian numbering system, it is known as 100 crore or 1 arab. 1,000,000,000 is also the cube of 1000 ...
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