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Offshoring. Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. [1] More recently, technical and administrative ...
From 1954 to 2023, federal offshore tracts produced 21.4 billion barrels (3.4 × 10 9 m 3) of oil and 195 trillion cubic feet (5.5 × 10 12 m 3) of natural gas. In recent years, the Gulf of Mexico alone accounted for about 15% of all domestic oil production and 2% of domestic natural gas production. Despite some fluctuations due to new deep ...
Offshore drilling. Holstein, an oil drilling platform at Green Canyon in the Gulf of Mexico, approximately 100 miles from land. 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 ...
Surface supplied diving equipment on display. Commercial offshore diving, sometimes shortened to just offshore diving, generally refers to the branch of commercial diving, with divers working in support of the exploration and production sector of the oil and gas industry in places such as the Gulf of Mexico in the United States, the North Sea in the United Kingdom and Norway, and along the ...
Outsourcing. Outsourcing is a business practice in which companies use external providers to carry out business processes, that would otherwise be handled internally. [1][2][3] Outsourcing sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing ...
Hæwene Brim FPSO. A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them ...
Offshore drilling for oil and gas on the Atlantic coast of the United States took place from 1947 to the early 1980s. Oil companies drilled five wells in Atlantic Florida state waters and 51 exploratory wells on federal leases on the outer continental shelf of the Atlantic coast. None of the wells were completed as producing wells.
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. [1] Oil platforms, artificial islands and submarine pipelines are examples of such structures.