Rex International Holding Limited
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Rex International Holding Limited
Rex International Holding is an oil and gas company headquartered in Singapore. The company's main activity is in offshore oil and gas exploration and production in assets located in Oman and Norway. The company owns Rex Virtual Drilling, which is developed by its Swedish founders. Rex Virtual Drilling is a liquid hydrocarbon indicator that studies resonance information in seismic data, using unique algorithms that create 3D maps that show any correlation with the presence of oil in the ground. Rex International is offering the technology as a de-risking tool to other oil exploration companies. Rex International Holding has achieved four offshore oil discoveries since its listing in July 2013; one in Oman and three in Norway. Rex International was publicly listed on 31 July 2013 and is on Singapore Exchange's secondary board, Catalyst. History The Company was founded by Karl Lidgren, Hans Lidgen and Svein Kjellesvik. The three then founded Rex Partners, whose subsidiary Rex ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Cambrian
The Cambrian Period ( ; sometimes symbolized C with bar, Ꞓ) was the first geological period of the Paleozoic Era, and of the Phanerozoic Eon. The Cambrian lasted 53.4 million years from the end of the preceding Ediacaran Period 538.8 million years ago (mya) to the beginning of the Ordovician Period mya. Its subdivisions, and its base, are somewhat in flux. The period was established as "Cambrian series" by Adam Sedgwick, who named it after Cambria, the Latin name for 'Cymru' (Wales), where Britain's Cambrian rocks are best exposed. Sedgwick identified the layer as part of his task, along with Roderick Murchison, to subdivide the large "Transition Series", although the two geologists disagreed for a while on the appropriate categorization. The Cambrian is unique in its unusually high proportion of sedimentary deposits, sites of exceptional preservation where "soft" parts of organisms are preserved as well as their more resistant shells. As a result, our understanding of the Ca ...
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Masirah Island
Masirah Island ( ar, جَزِيْرَة مَصِيْرَة, Jazīrat Maṣīrah), also referred to as Mazeira Island or ''Wilāyat Maṣīrah'' ( ar, وِلَايَة مَصِيْرَة), is an island off the east coast of mainland Oman in the Arabian Sea, and the largest island of the country. It is long north–south, between wide, with an area of about 649 km2, and a population estimated at 12,000 in 12 villages mainly in the north of the island (9,292 as of the census of 2003, of which were 2,311 foreigners). Administratively, it forms one of the five provinces (''Wilayah'', plural ''Wilayat'') of the Ash Sharqiyah South Governorate. Previously it was a province of the Ash Sharqiyah Region. The principal village is ''Raʾs-Ḥilf'' ( ar, رَأْس حِلْف) in the northern part of the island. It contains a Royal Air Force of Oman air base and a fish factory, as well as a few small towns. Previously, the BBC had a relay facility consisting of both HF and MF broadca ...
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Energy Information Administration
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. EIA is part of the U.S. Department of Energy. Background The Department of Energy Organization Act of 1977 established EIA as the primary federal government authority on energy statistics and analysis, building upon systems and organizations first established in 1974 following the oil market disruption of 1973. EIA conducts a comprehensive data collection program that covers the full spectrum of energy sources, end uses, and energy flows; generates short- and long-term domestic and international energy projections; and performs informative energy analyses. ...
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OPEC
The Organization of the Petroleum Exporting Countries (OPEC, ) is a cartel of countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state. , the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 % of the world's proven oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called " Seven Sisters" grouping of multinational oil companies. The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply. In the 1970s, restrictions in oil production led to a dramatic r ...
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Barents Sea
The Barents Sea ( , also ; no, Barentshavet, ; russian: Баренцево море, Barentsevo More) is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territorial waters.World Wildlife Fund, 2008. It was known among Russians in the Middle Ages as the Murman Sea ("Norse Sea"); the current name of the sea is after the historical Netherlands, Dutch navigator Willem Barentsz. The Barents Sea is a rather shallow Continental shelf, shelf sea, with an average depth of , and it is an important site for both fishing and hydrocarbon exploration.O. G. Austvik, 2006. It is bordered by the Kola Peninsula to the south, the shelf edge towards the Norwegian Sea to the west, and the archipelagos of Svalbard to the northwest, Franz Josef Land to the northeast and Novaya Zemlya to the east. The islands of Novaya Zemlya, an extension of the northern end of the Ural Mountains, separate the Barents Sea from the Kar ...
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Norwegian Sea
The Norwegian Sea ( no, Norskehavet; is, Noregshaf; fo, Norskahavið) is a marginal sea, grouped with either the Atlantic Ocean or the Arctic Ocean, northwest of Norway between the North Sea and the Greenland Sea, adjoining the Barents Sea to the northeast. In the southwest, it is separated from the Atlantic Ocean by a submarine ridge running between Iceland and the Faroe Islands. To the north, the Jan Mayen Ridge separates it from the Greenland Sea. Unlike many other seas, most of the bottom of the Norwegian Sea is not part of a continental shelf and therefore lies at a great depth of about two kilometres on average. Rich deposits of oil and natural gas are found under the sea bottom and are being explored commercially, in the areas with sea depths of up to about one kilometre. The coastal zones are rich in fish that visit the Norwegian Sea from the North Atlantic or from the Barents Sea (cod) for spawning. The warm North Atlantic Current ensures relatively stable and high wa ...
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North Sea
The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Sea in the north. It is more than long and wide, covering . It hosts key north European shipping lanes and is a major fishery. The coast is a popular destination for recreation and tourism in bordering countries, and a rich source of energy resources, including wind and wave power. The North Sea has featured prominently in geopolitical and military affairs, particularly in Northern Europe, from the Middle Ages to the modern era. It was also important globally through the power northern Europeans projected worldwide during much of the Middle Ages and into the modern era. The North Sea was the centre of the Vikings' rise. The Hanseatic League, the Dutch Republic, and the British each sought to gain command of the North Sea and access t ...
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Petroleum Reservoir
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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Geology
Geology () is a branch of natural science concerned with Earth and other astronomical objects, the features or rocks of which it is composed, and the processes by which they change over time. Modern geology significantly overlaps all other Earth sciences, including hydrology, and so is treated as one major aspect of integrated Earth system science and planetary science. Geology describes the structure of the Earth on and beneath its surface, and the processes that have shaped that structure. It also provides tools to determine the relative and absolute ages of rocks found in a given location, and also to describe the histories of those rocks. By combining these tools, geologists are able to chronicle the geological history of the Earth as a whole, and also to demonstrate the age of the Earth. Geology provides the primary evidence for plate tectonics, the evolutionary history of life, and the Earth's past climates. Geologists broadly study the properties and processes of E ...
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Rex Virtual Drilling
Rex may refer to: * Rex (title) (Latin: king, ruler, monarch), a royal title ** King of Rome (Latin: Rex Romae), chief magistrate of the Roman Kingdom People * Rex (given name), for people with the given name * Rex (surname), for people with the surname * Rex (artist), American gay pornographic artist * Rex (singer), Li Xinyi (born 1998), Chinese singer and songwriter * Rex King (wrestler), Timothy Well (1961–2017), American professional wrestler * Mad Dog Rex, professional wrestler from All-Star Wrestling Places * Rex, Georgia, an unincorporated community in the United States * Rex, North Carolina, a census-designated place in the United States * Rex River, Washington, United States * Mount Rex, an isolated mountain in Antarctica * Port Rex Technical High School , a technical high school in South Africa. Animals * ''-rex'', a taxonomic suffix used to describe certain large animals * Rex (dog), once owned by Ronald Reagan * Rex (search and rescue dog), a dog that ...
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Hydrocarbons
In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and hydrophobic, and their odors are usually weak or exemplified by the odors of gasoline and lighter fluid. They occur in a diverse range of molecular structures and phases: they can be gases (such as methane and propane), liquids (such as hexane and benzene), low melting solids (such as paraffin wax and naphthalene) or polymers (such as polyethylene and polystyrene). In the fossil fuel industries, ''hydrocarbon'' refers to the naturally occurring petroleum, natural gas and coal, and to their hydrocarbon derivatives and purified forms. Combustion of hydrocarbons is the main source of the world's energy. Petroleum is the dominant raw-material source for organic commodity chemicals such as solvents and polymers. Most anthropogenic (human-generated) emissions of greenhouse gases are carb ...
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