Nobel Oil Group
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Nobel Oil Group
The Nobel Oil Group is a corporate group operating primarily in the Republic of Azerbaijan, USA, UK as well as in Romania. Registered in the UK, The Group provides integrated operating services within the oil and gas sector and is also developing its exploration and production capabilities. History and development Nobel Oil Ltd was originally established in 2005 by Nasib Hasanov as a technical service provider, offering services to the oil and gas industry in the Caspian region. These include wells’ work over, drilling, installation, construction, engineering and maintenance, repair and operations services. In 2013, Nobel Oil undertook a comprehensive strategic review of its business, with a focus on assessing the company's organizational capabilities, strategic goals, operating markets and growth options both regionally and globally. In 2014, Nobel Oil reorganised its corporate structure to place its Azerbaijan-based businesses under a parent company headquartered in th ...
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Baku
Baku (, ; az, Bakı ) is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. Baku is located below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world located below sea level. Baku lies on the southern shore of the Absheron Peninsula, alongside the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area. Baku is divided into twelve administrative raions and 48 townships. Among these are the townships on the islands of the Baku Archipelago, and the town of Oil Rocks built on stilts in the Caspian Sea, away from Baku. The Inner City of Baku, along with the Shirvanshah's Palace and Maiden Tower, were inscribed as a UNESCO World Heritage Site in 2000. The c ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Corporate Group
A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law, accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. In Germany, where a sophisticated law of the " concern" has been developed, the law of corporate group ...
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Republic Of Azerbaijan
A republic () is a "state in which power rests with the people or their representatives; specifically a state without a monarchy" and also a "government, or system of government, of such a state." Previously, especially in the 17th and 18th centuries, the term was used to imply a state with a democratic or representative constitution (constitutional republic), but more recently it has also been used of autocratic or dictatorial states not ruled by a monarch. It is now chiefly used to denote any non-monarchical state headed by an elected or appointed president. , 159 of the world's 206 sovereign states use the word "republic" as part of their official names. Not all of these are republics in the sense of having elected governments, nor is the word "republic" used in the names of all states with elected governments. The word ''republic'' comes from the Latin term ''res publica'', which literally means "public thing", "public matter", or "public affair" and was used to refe ...
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Caspian Region
The Caspian Sea is the world's largest inland body of water, often described as the world's largest lake or a full-fledged sea. An endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau of Western Asia. It covers a surface area of (excluding the highly saline lagoon of Garabogazköl to its east) and a volume of . It has a salinity of approximately 1.2% (12 g/L), about a third of the salinity of average seawater. It is bounded by Kazakhstan to the northeast, Russia to the northwest, Azerbaijan to the southwest, Iran to the south, and Turkmenistan to the southeast. The sea stretches nearly from north to south, with an average width of . Its gross coverage is and the surface is about below sea level. Its main freshwater inflow, Europe's longest river, the Volga, enters at the shallow north end. Two deep basi ...
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Maclure Oil Field
McClure may refer to: * McClure (surname) * ''McClure's Magazine'', a popular United States illustrated monthly magazine at the turn of the 20th century * McClure (crater), an impact crater on the Moon In geography: * McClure, Illinois, USA * McClure, Ohio, USA * McClure, Pennsylvania, USA * McClure, Virginia, USA * McClure Township, Holt County, Nebraska, USA * Maclure Glacier, a glacier in Yosemite National Park * McClure Pass, a mountain pass in Colorado, USA * M'Clure Strait, a strait on the edge of the Canadian Northwest Territories * Mount Maclure, a mountain in Yosemite National Park * Lake McClure Lake McClure is a reservoir in the Sierra Nevada foothills of western Mariposa County, California. It is formed by the New Exchequer Dam impounding the Merced River, which is a tributary of the San Joaquin River. It is about east of Modesto. ..., a reservoir in central California, USA See also * Morgan-McClure Motorsports, a NASCAR team * McLure {{disambiguation, geo ...
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Shell Oil
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" which ...
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Permian Basin (North America)
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. The basin contains the Mid-Continent oil province, Mid-continent oil field province. This sedimentary basin is located in western Texas and southeastern New Mexico. It reaches from just south of Lubbock, Texas, Lubbock, past Midland, Texas, Midland and Odessa, Texas, Odessa, south nearly to the Rio Grande River in southern West Central Texas, and extending westward into the southeastern part of New Mexico. It is so named because it has one of the world's thickest deposits of Rock (geology), rocks from the Permian geologic period. The greater Permian Basin comprises several component basins; of these, the Midland Basin is the largest, Delaware Basin is the second largest, and Marfa, Texas, Marfa Basin is the smallest. The Permian Basin covers more than ,
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Umid Gas Field
Umid gas field ( az, Ümid qaz yatağı) is the second largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . In translation from Azerbaijani, ''Umid'' means ''Hope''. History Umid field is a part of a block previously consisting of Umid and Babek fields. The geophysical works at Umid started in 1953 which were repeated in 1972. A total of 9 wells were drilled in the area from 1977 to 1992, however no commercially viable fields were discovered at the time. In 2009, SOCAR financed the exploration works at Umid itself. This is the first time since the Contract of the Century that Azerbaijan conducted exploration works entirely on its own. The discovery of 200 bcm and 30-40 million tons of condensate (around 270-360mn bbl) initially forecasted by Khoshbakht Yusifzadeh was announced by SOCAR on November 24, 2010 after successful drilling at on exploration platform ''Umid-1' ...
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Ilham Aliyev
Ilham Heydar oghlu Aliyev ( az, İlham Heydər oğlu Əliyev, ; born 24 December 1961) is the fourth president of Azerbaijan, serving in the post since 31 October 2003. The son and second child of the former Azerbaijani leader Heydar Aliyev, Ilham Aliyev became president of Azerbaijan in 2003 following his father's death, in an 2003 Azerbaijani presidential election, election defined by election fraud. Azerbaijan being oil-rich has strengthened the stability of Aliyev's regime and enriched ruling elites in Azerbaijan, making it possible for the country to host lavish international events, as well as engage in extensive lobbying efforts. Aliyev's family have enriched themselves through their ties to state-run businesses. They own significant parts of several major Azerbaijani banks, construction firms and telecommunications firms, and partially owns the country's oil and gas industries. Much of the wealth is hidden through an elaborate network of offshore companies. He was nam ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Oil And Gas Companies Of Azerbaijan
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ...
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