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Oil Spill Response Limited (OSRL) is a British firm specializing in managing oil spills. The company was founded in 1985 and employs about 300 people at nine locations. Shareholders are all major oil companies such as BHP Billiton, Chevron Corporation, Eni, ExxonMobil, Petronas, Saudi Aramco, Royal Dutch Shell, Statoil and Total. Financial and Corporate Structure OSRL is industry-developed and co-financed by a cooperative for emergency response. Funding is provided by the annual contributions of its 44 stakeholders and 118 extraordinary members, as well as income from operations, the latter having an increasingly important role in financing, accounting for about 38.1% of the revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ... of the year 2014 from the contributions of the ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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HeavyLift Hercules
In transportation, heavy lift refers to the handling and installation of heavy items which are indivisible, and of weights generally accepted to be over 100 tons and of widths/heights of more than 100 meters. These oversized items are transported from one place to another (sometimes across country borders) then lifted or installed into place. Characteristic for heavy lift goods is the absence of standardization which requires an individual transport planning. Typical cargo Typical heavy-lift cargo includes generators, turbines, reactors, boilers, towers, casting, heaters, presses, locomotives, boats, satellites, military personnel and equipment. In the offshore industry, parts of oil rigs and production platforms are also lifted; some of these are also removed at the end of an installation's working life. Recent notable lifts have included several of >2000 metric tons in the de-commissioning of the North West Hutton oil field in the British sector of the North Sea. Transport ...
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Petroleum Industry In The United Kingdom
The oil and gas industry plays a central role in the economy of the United Kingdom. Oil and gas account for more than three-quarters of the UK's total primary energy needs. Oil provides 97 per cent of the fuel for transport, and gas is a key fuel for heating and electricity generation. Transport, heating and electricity each account for about one-third of the UK's primary energy needs. Oil and gas are also major feedstocks for the petrochemicals industries producing pharmaceuticals, plastics, cosmetics and domestic appliances. Although UK Continental Shelf production peaked in 1999, in 2016 the sector produced 62,906,000 cubic metres of oil and gas, meeting more than half of the UK's oil and gas needs. There could be up to 3.18 billion cubic metres of oil and gas still to recover from the UK's offshore fields. In 2017, capital investment in the UK offshore oil and gas industry was £5.6 billion. Since 1970 the industry has paid almost £330 billion in production tax. About 280,000 j ...
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Oil Spill Remediation Technologies
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 (''elaion'') ...
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Co-operatives In England
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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Companies Based In Southampton
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Piper PA-31 Navajo
The Piper PA-31 Navajo is a family of cabin-class, twin-engined aircraft designed and built by Piper Aircraft for the general aviation market, most using Lycoming engines. It was also license-built in a number of Latin American countries. Targeted at small-scale cargo and feeder liner operations and the corporate market, the aircraft was a success. It continues to prove a popular choice, but due to greatly decreased demand across the general aviation sector in the 1980s, production of the PA-31 ceased in 1984. Design and development At the request of company founder William T. Piper, Piper began development of a six- to eight-seat twin-engined corporate and commuter transport aircraft in 1962 under the project name ''Inca''. The type, now designated the PA-31 and looking like a scaled-up Twin Comanche, was officially announced in late 1964 after its first flight on 30 September that year. It was a low-wing monoplane with a conventional tail, powered by two Lycoming ...
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Lockheed C-130 Hercules
The Lockheed C-130 Hercules is an American four-engine turboprop military transport aircraft designed and built by Lockheed (now Lockheed Martin). Capable of using unprepared runways for takeoffs and landings, the C-130 was originally designed as a troop, medevac, and cargo transport aircraft. The versatile airframe has found uses in other roles, including as a gunship (AC-130), for airborne assault, search and rescue, scientific research support, weather reconnaissance, aerial refueling, maritime patrol, and aerial firefighting. It is now the main tactical airlifter for many military forces worldwide. More than 40 variants of the Hercules, including civilian versions marketed as the Lockheed L-100, operate in more than 60 nations. The C-130 entered service with the U.S. in 1956, followed by Australia and many other nations. During its years of service, the Hercules has participated in numerous military, civilian and humanitarian aid operations. In 2007, the C-130 became ...
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Embraer EMB 110 Bandeirante
The Embraer EMB 110 Bandeirante (English: ''pioneer'') is a Brazilian general purpose 15–21 passenger twin-turboprop light transport aircraft designed by Embraer for military and civil use. The EMB 110 was designed by the French engineer Max Holste; it had been designed in line with specifications issued by the Brazilian Ministry of Aeronautics in 1965.''Air International'' April 1978, pp. 163–164. The goal was to create a general purpose aircraft, suitable for both civilian and military roles with a low operational cost and high reliability. On 26 October 1968, the ''YV-95'' prototype performed its maiden flight; an additional two ''EMB 110'' development aircraft would follow along with an initial order for 80 transport aircraft for the Brazilian Air Force in the following year. Type certification was received from the Brazilian aviation authorities in late 1972, permitting its entry to service in April 1973 with the Brazilian airline company Transbrasil. Various customers i ...
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FedEx Express
FedEx Express, a subsidiary of FedEx Corporation, is a major American cargo airline based in Memphis, Tennessee, United States. As of 2020, it is one of the world's largest airlines in terms of fleet size and freight tons flown. It is the namesake and leading subsidiary of FedEx Corporation, delivering freight and packages to more than 375 destinations over 220 countries across six continents each day. FedEx Express is also the world's largest express transportation company. Its headquarters are in Memphis with its global "SuperHub" located at Memphis International Airport. In the United States, FedEx Express has a national hub at Indianapolis International Airport. Regional hubs are located at Ted Stevens Anchorage International Airport, Fort Worth Alliance Airport, Piedmont Triad International Airport, Miami International Airport, Newark Liberty International Airport, Oakland International Airport and Ontario International Airport. International regional hubs are located at ...
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Boeing 727
The Boeing 727 is an American narrow-body airliner that was developed and produced by Boeing Commercial Airplanes. After the heavy 707 quad-jet was introduced in 1958, Boeing addressed the demand for shorter flight lengths from smaller airports. On December 5, 1960, the 727 was launched with 40 orders each from United Airlines and Eastern Air Lines. The first 727-100 rolled out November 27, 1962, first flew on February 9, 1963, and entered service with Eastern on February 1, 1964. The only trijet aircraft to be produced by Boeing, the 727 is powered by Pratt & Whitney JT8D low-bypass turbofans below a T-tail, one on each side of the rear fuselage and a center one fed through an S-duct. It shares its six-abreast upper fuselage cross-section and cockpit with the 707. The long 727-100 typically carries 106 passengers in two classes over , or 129 in a single class. Launched in 1965, the stretched 727-200 flew in July 1967 and entered service with Northeast Airlines that Decem ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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