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Geco-Prakla
Geco (Geophysical Company of Norway) was a European geophysical service company specializing in seismic surveys for petroleum exploration. Starting operating in the North Sea from 1972, the company expanded to operate in most marine areas open for explorations, until Geco was incorporated into Geco-Prakla, with Schlumberger Limited as the solely owner from 1993. History The company started as Geoteam-Computas Ltd. A.S on December 13, 1972. The name was shortly afterwards changed to Geophysical Company of Norway, most commonly referred to as Geco. Anders Farestveit was the founder and the first CEO. The main focus was marine seismic surveys, including developing and equipping seismic vessels and conducting seismic surveys on customer requests. Geco was merged with the competing Norwegian geophysical company at that time, Statex (owned by Statoil and Kongsberg Våpenfabrikk) effective from January 1, 1978. Ownership after the merger was shared between Kongsberg Våpenfabrikk and ...
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Geco-Prakla
Geco (Geophysical Company of Norway) was a European geophysical service company specializing in seismic surveys for petroleum exploration. Starting operating in the North Sea from 1972, the company expanded to operate in most marine areas open for explorations, until Geco was incorporated into Geco-Prakla, with Schlumberger Limited as the solely owner from 1993. History The company started as Geoteam-Computas Ltd. A.S on December 13, 1972. The name was shortly afterwards changed to Geophysical Company of Norway, most commonly referred to as Geco. Anders Farestveit was the founder and the first CEO. The main focus was marine seismic surveys, including developing and equipping seismic vessels and conducting seismic surveys on customer requests. Geco was merged with the competing Norwegian geophysical company at that time, Statex (owned by Statoil and Kongsberg Våpenfabrikk) effective from January 1, 1978. Ownership after the merger was shared between Kongsberg Våpenfabrikk and ...
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WesternGeco
WesternGeco is a geophysical services company. It is headquartered in Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex, in Greater London. __NOTOC__ Background The company provides reservoir imaging, monitoring, and development services. The company, a business segment of Schlumberger, offers 3D and time-lapse seismic surveys, electromagnetic surveys, and multicomponent surveys for delineating prospects and reservoir management. It also provides geophysical, land and transition-zone acquisition, marine acquisition, electromagnetics, and data processing and reservoir seismic services. The company was formed by the merger in 2000 of two of the world's largest seismic contractors, Western Geophysical (founded in 1933) and Geco-Prakla. Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. In May 2006, Schlumberger bought out Baker Hughes' 30% stake fo ...
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Schlumberger Limited
Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore drilling company. It is the biggest offshore drilling contractor (in terms of revenue) in the world. Schlumberger is incorporated in Willemstad, Curaçao as Schlumberger N.V. and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange and SIX Swiss Exchange. Schlumberger is a Fortune Global 500 company, ranked 287 in 2016, and also listed in Forbes Global 2000, ranked 349 in 2022. History Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company (french: Société de prospection électrique) by two brothers Conrad and Marcel Schlumberger from Alsace. Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling, ...
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Ratheon
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. In addition, it is one of the largest providers of intelligence services. Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government. The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies ...
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Statoil
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of History of Statoil (1972–2007), Statoil with the Hydro Oil & Gas, oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Ministry of Petroleum and Energy (Norway), Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' ...
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Non-renewable Resource Companies Established In 1972
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present ...
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Engineering Companies Of Norway
Engineering is the use of scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more specialized fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering. The term ''engineering'' is derived from the Latin ''ingenium'', meaning "cleverness" and ''ingeniare'', meaning "to contrive, devise". Definition The American Engineers' Council for Professional Development (ECPD, the predecessor of ABET) has defined "engineering" as: The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct or operate the same with full cognizance of their design; or to forecast their behavior under specific ...
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Defunct Companies Of Norway
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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History Of The Petroleum Industry In Norway
The history of the petroleum industry in Norway is the most significant part of Norway's economic history, and significant across that of Europe's petroleum industry. Exploration A letter dated 25 February 1958 from the Geological Survey of Norway to the Norwegian Ministry of Foreign Affairs stated that the chances of finding oil off the Norwegian coastline were negligible. In May 1963, Norway declared that any oil found off its coast would belong to Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the North Sea. In April 1965 Norway opened the first round of exploration drilling licences, with 22 in 78 areas. Esso received three exploration drilling licences in the Norwegian continental shelf and began drilling on 19 July 1966. The first oil was found by Esso in 1967 in the second well that Esso drilled, known as 25/11-1; this became the Balder oil field. Esso began drilling on 17 November 1969 with the ''Ocean Viking'' platform, a ...
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Oilfield Services Companies
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ...
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Baker Hughes
Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns a material stake in the company. Divisions The company divides its organization into the following segments: * Oilfield Services - provides drilling, evaluation, completion, production, and intervention. * Oilfield Equipment - provides deepwater drilling equipment, subsea production systems, onshore wellheads, and related services. * Turbomachinery & Process Solutions - provides equipment and related services for ...
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Western Geophysical
Western Geophysical was an international oil exploration company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum. The company prospered and was sold by Salvatori to Litton Industries in 1960. In 1987, Litton and Dresser Industries formed a joint venture comprising Western and Dresser Atlas. The joint venture, Western Atlas, was spun off as a public company in 1994. Western then purchased Halliburton Geophysical Services, which had been formed from Geophysical Service Incorporated, Geosource and several other companies. In 1998, Western Atlas was acquired by Baker Hughes. In 2000, Western Geophysical became part of a joint venture between Baker Hughes and Schlumberger Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore d ...
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