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Seadrill
Seadrill is a deepwater drilling contractor for the petroleum industry. It is incorporated in Bermuda for tax purposes and managed from London and Houston The company operates semi-submersible platforms, jackup rigs and drillships. History Seadrill was incorporated as a Bermuda company on May 10, 2005 by John Fredriksen, a Norwegian-born shipping tycoon, and listed on the Oslo Stock Exchange in November 2005. In July 2005, the company acquired jack up rigs from Odfjell Drilling. In September 2006, the company acquired a controlling share of Smedvig by outbidding Noble Corporation. In 2007, the company acquired Eastern Drilling. In May 2010, the company outbid Ensco (now Valaris plc) for Scorpion Offshore, valuing the company at $567 million. In 2014, Seadrill conducted an initial public offering of its North Atlantic Drilling subsidiary, which owns harsh environment rigs. Seadrill continued to own 70% of North Atlantic Drilling. In April 2013, the company sold the majority of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smedvig
Smedvig ASA, ("Smedvig"), ( OSE: SME, NYSE: SMVA) was a Norwegian offshore oil rig company headquartered in Stavanger until it was acquired (January 2006) by rig newcomer SeaDrill of tanker mogul John Fredriksen. At time of the merger Smedvig operated two semi submersibles, one drillship and one jack up rig in the Norwegian and British sector of the North Sea. A fleet of seven tender rigs were operated in South East Asia from the Singaporean subsidiary Smedvig Asia. As part of the merger, Smedvig's staff was transferred to Seadrill with Smedvig senior personnel assuming key positions in Seadrill (CEO, CFO etc.). Smedvig was delisted from the OSE and NYSE, while Seadrill is listed on the Oslo Stock Exchange. History Smedvig started in 1915 as the shipping company Peder Smedvig Shipping Company by Peder Smedvig. Between 1917 and 1959 Smedvig was also in the canning industry. In the 1960s the company entered the oil age with investments in supply ships, oil tankers and in 1973 the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odfjell Drilling
Odfjell Drilling Ltd. is an oil drilling, well service, and engineering company. Current operations The company has 3 divisions: * Mobile Offshore Drilling - Owns 6 drillships and operates in Norway, United Kingdom, Angola, Vietnam, and Brazil. * Drilling & Technology - provides platform drilling, project management and engineering services from offices in Bergen, Stavanger, and Aberdeen. * Well Services - provides casing and tubing running services (TRS), drill tool rental, and well intervention services to the onshore and offshore oil and gas industry. History The company was established in 1973 as an affiliate of Odfjell. In 1974, the first rigs were delivered from Aker ASA, and started service for ELF and Saga Petroleum. The first production drilling contract was awarded by Statoil on the Statfjord oil field in 1979. In 1984, the company expanded to the United Kingdom with a semi-submersible rig for Hamilton Brothers Oil & Gas. In 1989 the company opened an office in Singap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tender Rig
Tender Assisted rigs are an existing type of development drilling, workover or plug & abandonment rig (same "family" as Jack Up, semi-submersible or drillship). It is however the only design that can operate in both Shallow and Deepwater (from 20 m to 2,000 m). It is recognized in the industry as one of the most efficient and economical types of rig for development, work over or plug & abandonment (P&A). They are composed of a tender vessel (a specially designed support vessel) and a self contained drilling rigs. The tender vessel is typically equipped with storage facilities (bulk, mud, tubular, spare parts, consumables), living quarters (120 to 200 people), power generation facilities, cranes, and helideck. Tender vessels are typically flat bottom barges Barge nowadays generally refers to a flat-bottomed boat, flat-bottomed inland waterway vessel which does not have its own means of mechanical propulsion. The first modern barges were pulled by tugs, but nowadays most are pushe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tender Rig
Tender Assisted rigs are an existing type of development drilling, workover or plug & abandonment rig (same "family" as Jack Up, semi-submersible or drillship). It is however the only design that can operate in both Shallow and Deepwater (from 20 m to 2,000 m). It is recognized in the industry as one of the most efficient and economical types of rig for development, work over or plug & abandonment (P&A). They are composed of a tender vessel (a specially designed support vessel) and a self contained drilling rigs. The tender vessel is typically equipped with storage facilities (bulk, mud, tubular, spare parts, consumables), living quarters (120 to 200 people), power generation facilities, cranes, and helideck. Tender vessels are typically flat bottom barges Barge nowadays generally refers to a flat-bottomed boat, flat-bottomed inland waterway vessel which does not have its own means of mechanical propulsion. The first modern barges were pulled by tugs, but nowadays most are pushe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GlobeNewswire
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe. GlobeNewswire was a Nasdaq, Inc. subsidiary from September 2006 until April 2018 when West Corporation (now Intrado) acquired the Public Relations Solutions and Digital Media Services Businesses, including GlobeNewswire, from Nasdaq. Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. Operations They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. In June 2018, GlobeNewswire introduced Media Snippets, providing the ability for organizations publishing press releases to embed a carousel of images, audio, video and live streaming into their press releases and web pages to tell a more complete brand story and increase engagement with media, investors and customers. In 2012, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valaris Plc
Valaris plc is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in the UK. It is the largest offshore drilling and well drilling company in the world, and owns 56 rigs, including 40 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs. In 2021, the company's largest customers were BP (11% of revenues) and Total S.A. (9% of revenues). History In 1975, after the 1973 oil crisis, John R. Blocker bought Choya Energy, a six-rig contract drilling company based in Alice, Texas, and renamed the company Blocker Energy. In 1980, the company became a public company via an initial public offering. In 1981 and early 1982, the company borrowed heavily to expand its fleet to 54 rigs. However, in late 1982, the price of oil plunged and, to avoid bankruptcy, Blocker Energy restructured, giving 64% of the company to its banks in exchange for $240 million in debt forgiveness. By 1983, the company was only operating 6 rigs, although ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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