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Offshore
Offshore may refer to: Science and technology * Offshore (hydrocarbons) * Offshore construction, construction out at sea * Offshore drilling, discovery and development of oil and gas resources which lie underwater through drilling a well * Offshore hosting, server * Offshore wind power, wind power in a body of water * Offshore geotechnical engineering * Offshore aquaculture Arts, entertainment, and media * ''Offshore'' (novel), a 1979 British novel by Penelope Fitzgerald *The Offshore, an elite enclave of the chosen, in '' 3%'' * ''Offshore'' (album), a 2006 album by Indiana-based post-rock band Early Day Miners * "Offshore" (song), a 1996 song by British electronic dance music act Chicane Finance and law * Offshore bank, relates to the banking industry in offshore centers * Offshore company * Offshore financial centre, jurisdictions which transact financial business with non-residents * Offshore fund, collective investment in offshore centers * Offshore investment, rela ...
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Offshore Wind Power
Offshore wind power or offshore wind energy is the generation of electricity through wind farms in bodies of water, usually at sea. There are higher wind speeds offshore than on land, so offshore farms generate more electricity per amount of capacity installed.Madsen & KrogsgaardOffshore Wind Power 2010 ''BTM Consult'', 22 November 2010. Retrieved: 22 November 2010. Offshore wind farms are also less controversial than those on land, as they have less impact on people and the landscape. Unlike the typical use of the term "offshore" in the marine industry, offshore wind power includes inshore water areas such as lakes, fjords and sheltered coastal areas as well as deeper-water areas. Most offshore wind farms employ fixed-foundation wind turbines in relatively shallow water. As of 2020, floating wind turbines for deeper waters were in the early phase of development and deployment. As of 2020, the total worldwide offshore wind power nameplate capacity was 35.3 gigawatt (GW). Unite ...
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Offshore (song)
"Offshore" is the debut single by British electronic music artist Chicane, released on 9 December 1996 from his debut album, ''Far from the Maddening Crowds'' (1997). The song reached number five in the United States on ''Billboard''s Hot Dance Club Songs chart, number 12 in Ireland and number 14 in the United Kingdom. A bootleg by Australian DJ Anthony Pappa was given an official release in 1997 titled "Offshore '97". This version peaked at number 17 in the UK. "Offshore" is a lush, multi-layered, early Trance track, the original of which features sweeping synth chords and a reflective balearic theme, elements of which are reminiscent of the Tangerine Dream track, "Love on a Real Train". The main synth-hook which gives "Offshore" its uplifting breakdown however is based on Don Henley's 1985 hit, " The Boys of Summer". Critical reception A reviewer from ''Music Week'' described "Offshore" as " Dreamhouse with real excitement." Brad Beatnik from the '' RM'' Dance Update praised t ...
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Offshore Geotechnical Engineering
Offshore geotechnical engineering is a sub-field of geotechnical engineering. It is concerned with foundation design, construction, maintenance and decommissioning for human-made structures in the sea.Dean, p. 1 Oil platforms, artificial islands and submarine pipelines are examples of such structures. The seabed has to be able to withstand the weight of these structures and the applied loads. Geohazards must also be taken into account. The need for offshore developments stems from a gradual depletion of hydrocarbon reserves onshore or near the coastlines, as new fields are being developed at greater distances offshore and in deeper water,Randolph & Gourvenec, p. 1 with a corresponding adaptation of the offshore site investigations.Kolk & Wegerif, 2005 Today, there are more than 7,000 offshore platforms operating at a water depth up to and exceeding 2000 m. A typical field development extends over tens of square kilometers, and may comprise several fixed structures, infield f ...
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Offshore Financial Centre
An offshore financial centre (OFC) is defined as a "country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." "Offshore" does not refer to the location of the OFC, since many Financial Stability Forum– IMF OFCs, such as Delaware, South Dakota, Singapore, Luxembourg and Hong Kong, are located "onshore", but to the fact that the largest users of the OFC are non-resident, i.e. "offshore". The IMF lists OFCs as a third class of financial centre, with international financial centres (IFCs), and regional financial centres (RFCs); there is overlap (e.g. Singapore is an RFC and an OFC). The Caribbean, including the Cayman Islands, the British Virgin Islands and Bermuda, has several major OFCs, facilitating many billions of dollars worth of trade and investment globally. During April–June 2000, the Financial Stability Forum–International Monetary Fund produced the first l ...
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Offshore Bank
An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres. OFCs often also levy little or no corporation tax and/or personal income and high direct taxes such as duty, making the cost of living high. With worldwide increasing measures on CTF ( combatting the financing of terrorism) and AML (anti-money laundering) compliance, the offshore banking sector in most jurisdictions was subject to changing regulations. Since 2002 the Financial Action Task Force issues the so-called FATF blacklist of "Non-Cooperative Countries or Territories" (NCCTs), which it perceived to be non-c ...
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Offshore Aquaculture
Offshore aquaculture, also known as open water aquaculture or open ocean aquaculture, is an emerging approach to mariculture (seawater aquafarming) where fish farms are positioned in deeper and less sheltered waters some distance away from the coast, where the cultivated fish stocks are exposed to more naturalistic living conditions with stronger ocean currents and more diverse nutrient flow.Naylor, R., and Burke, M. (2005"Aquaculture and ocean resources: raising tigers of the sea" ''Annual Review of Environmental Resources,'' 30:185–218.Sturrock H, Newton R, Paffrath S, Bostock J, Muir J, Young J, Immink A and Dickson M (2008) tp://139.191.159.34/pub/library/EUR%2023409/JRC45686preprint.pdf Part 2: Characterisation of emerging aquaculture systemsIn: ''Prospective Analysis of the Aquaculture Sector in the EU'', European Commission, EUR 23409 EN/2. . Existing "offshore" developments fall mainly into the category of exposed areas rather than fully offshore. As maritime classif ...
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Offshore Company
The term "offshore company" or “offshore corporation” is used in at least two distinct and different ways. An offshore company may be a reference to: * a company, group or sometimes a division thereof, which engages in offshoring business processes. * International business companies (IBC) or other types of legal entities, which are incorporated under the laws of a jurisdiction, that prohibit local economic activities. The former use (companies formed in offshore jurisdictions) is probably the more common usage of the term. In isolated instances, the term can also be used in reference to companies with offshore oil and gas operations. Companies from offshore jurisdictions In relation to companies and similar entities which are incorporated in offshore jurisdictions, the use of both the words “offshore” and "company" can be varied in application. The extent to which a jurisdiction is regarded as offshore is often a question of perception and degree. Classic tax haven c ...
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Offshore Drilling
Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas. Offshore drilling presents environmental challenges, both offshore and onshore from the produced hydrocarbons and the materials used during the drilling operation. Controversies include the ongoing US offshore drilling debate. There are many different types of facilities from which offshore drilling operations take place. These include bottom founded drilling rigs ( jackup barges and swamp barges), combined drilling and production facilities either bottom founded or floating platforms, and deepwater mobile offshore drilling units (MODU) including semi-submersibles or drillships. The ...
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Offshore Investment
Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are used to pay less tax in many countries by large and small-scale investors. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally acquired money from law enforcement in the investor's country. However, the modern, well-regulated offshore centres allow legitimate investors to take advantage of higher rates of return or lower rates of tax on that return offered by operating via such domiciles. The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor's country—or "onshore". Locations favored by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens. Payment of less tax is the driving force behind most 'offshore' activity. Due to the use of offshore centers, ...
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Offshore Powerboat Racing
Offshore powerboat racing is a type of racing by ocean-going powerboats, typically point-to-point racing. In most of the world, offshore powerboat racing is led by the Union Internationale Motonautique (UIM) regulated Class 1 and Powerboat P1. In the US, offshore powerboat racing is led by the APBA/UIM and consists of races hosted by Powerboat P1 USA. The sport is financed by a mixture of private funding and commercial sponsors. History of the sport In 1903, the Automobile Club of Great Britain and Ireland, and its offshoot, the Marine Motor Association organised a race of auto-boats. The winner was awarded the Harmsworth Trophy. Offshore powerboat racing was first recognised as a sport when, in 1904, a race took place from the south-eastern coast England to Calais, France. In the United States, the APBA (American Power Boat Association) was formed soon thereafter and the first U.S. recorded race was in 1911, in California. The sport increased in popularity over the next few ...
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Offshore Balancing
Offshore balancing is a strategic concept used in realist analysis in international relations. It describes a strategy in which a great power uses favored regional powers to check the rise of potentially-hostile powers. This strategy stands in contrast to the dominant grand strategy in the United States, liberal hegemony. Offshore balancing calls for a great power to withdraw from onshore positions and focus its offshore capabilities on the three key geopolitical regions of the world: Europe, the Persian Gulf, and Northeast Asia. History Christopher Layne attributes the introduction of the term "offshore balancing" to himself in his 1997 article. Several experts on strategy, such as John Mearsheimer, Stephen Walt, Robert Pape, Andrew Latham, Patrick Porter, and Andrew Bacevich, have embraced the approach. They argue that offshore balancing has its historical roots in British grand strategy regarding Europe, which was eventually adopted and pursued by the United States and Ja ...
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Offshore Construction
Offshore construction is the installation of structures and facilities in a marine environment, usually for the production and transmission of electricity, oil, gas and other resources. It is also called maritime engineering. Construction and pre-commissioning is typically performed as much as possible onshore. To optimize the costs and risks of installing large offshore platforms, different construction strategies have been developed. One strategy is to fully construct the offshore facility onshore, and tow the installation to site floating on its own buoyancy. Bottom founded structure are lowered to the seabed by de-ballasting (see for instance Condeep or Cranefree), whilst floating structures are held in position with substantial mooring systems. The size of offshore lifts can be reduced by making the construction modular, with each module being constructed onshore and then lifted using a crane vessel into place onto the platform. A number of very large crane vessels w ...
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