BNET Business Dictionary
Business Definition for: Offshore Company
- a company that is registered in a country other than the one in which it conducts most of its business, usually for tax purposes. For example, many captive insurance companies are registered in the Cayman Islands.
Additional Resources
- Wartsila propulsion package for advanced offshore vessel.(MARINE PROPULSION)
- Demonstrating its capabilities to serve as "the ship's power supplier," Wartsila Corporation has been awarded a contract by Norway's Ulstein Verft AS for a 23 MW power plant to be installed in a new offshore construction vessel being built for the Norwegian offshore company Solstad Offshore...
- Research articles 2004-10-01
- Offshore shores up IT; Going overseas for tech help promises big savings, but companies shouldn't go overboard without considering the risks.(General Motors Corp. contracts with Cognizant Technology Solutions)(Brief Article)
- When a company like General Motors Corp. looked overseas, it used to be for things like assembly work or auto parts. But that's changed. When it developed a Web site for car owners, the automaker used an offshore company to develop software, said ...
- Research articles 2002-04-15
- BARBADOS - FBI SEIZES COMPANY DOCUMENTS
- A joint operation by agents of the U.S. Federal Bureau of Investigation FBI, officers of the Royal Canadian Mounted Police RCMP and local police in mid-July seized a number of documents belong to IDM Direct Marketing (workforce of 110), located in the Wildey Industrial Park, outside...
- Research articles 1996-09-01
- Can Hornbeck Offshore Meet Its 2009 Obligations?
- The Company: Hornbeck Offshore, provides offshore supply vessels to the energy industry. The Filing: FORM 10-Q filed with the SEC on November 11, 2008. The Finding: Hornbeck Offshore does not believe that short-term fluctuations in energy prices will affect the long-range investment plans of major oil...
- Blog posts 2008-11-24
- Hercules Offshore Cold-Docking Rigs, Cutting Costs in 2009
- The Company: Hercules Offshore, a provider of offshore contract drilling, liftboat and inland barge services. The Filing: FORM 10-Q filed with the SEC on October 31, 2008. The Finding: Expanding its geographic footprint is a fundamental element in Hercules Offshore's business strategy. Nonetheless, the world's...
- Blog posts 2009-01-06
- CNOOC TO BECOME BIGGEST SHAREHOLDER OF OFFSHORE OIL ENGINEERING
- AsiaInfo Services 10-17-2003 CNOOC to Become Biggest Shareholder of Offshore Oil Engineering CHINA, Oct 17, 2003 SinoCast via COMTEX -- According to Offshore Oil Engineering Co., Ltd. Offshore Oil Engineering (Shanghai Stock Exchange: 600583), its actual controlling shareholder CNOOC (China National...
- Research articles 2003-10-17
- Schlumberger to merge with Transocean Offshore for 14.2 times earnings
- The Deal: Schlumberger Ltd. has agreed to merge its Sedco Forex Offshore division with Transocean Offshore Inc. for $3.26 billion in stock. The merged company will be called Transocean Sedco Forex. According to Offshore Data Services Inc., a company that tracks offshore energy activity, the new company will be the...
- Research articles 1999-07-19
- TRANSOCEAN OFFSHORE: Transocean and Schlumberger co combine forces to create offshore drilling company.
- M2 PRESSWIRE-13 July 1999-TRANSOCEAN OFFSHORE: Transocean and Schlumberger combine forces to create leading offshore drilling company C1994-99 M2 COMMUNICATIONS LTD RDATE:120799 HOUSTON -- Transocean Offshore Inc. (NYSE: RIG)and Schlumberger Limited (NYSE: SLB) today announced the signing of a definitive merger ...
- Research articles 1999-07-13
- Higher Rig Day Rates at Diamond Offshore Drilling
- The Company: Diamond Offshore Drilling, the world's second-largest offshore contract oil and natural gas driller. The Filing: FORM 8-K filed with the SEC on October 23, 2008. The Finding: Even amidst declining energy prices and the uncertainty in the credit markets, the recent Diamond Offshore Drilling...
- Blog posts 2008-10-24
- Offshore Wind Developers Eye the Horizon
- A world first started up this week: the 2.3 megawatt Hywind, a floating wind turbine situated about six miles off Norway's coast, built as an experiment by StatoilHydro. The company first floated the turbine in June, and just yesterday let it begin generating electricity. The Hywind is...
- Blog posts 2009-09-16
- Repsol: Lots of Nat Gas -- And Some Crude -- Offshore Venezuela
- Repsol YPF keeps racking up major oil and gas finds. Their latest has turned out to be the biggest natural gas discovery in Venezuela's history and the fifth-largest in the world in 2009. The Spanish oil company -- along with partner Eni -- confirmed Friday tests of its Perla...
- Blog posts 2009-10-16
- Shell Wins Offshore Drilling Rights in Alaska
- After years of controversy and delays, a federal agency has given the green light to Royal Dutch Shell to drill for oil and gas in the Arctic Ocean. The decision on Monday by the Minerals Management Service clears one of the last big hurdles for the company to drill two...
- News items 2009-10-20
- Selecting a Country for Offshore Business Processing: Where To Locate
- This article explores the various attributes and characteristics of some countries, and examines what makes them good or not-so-good candidates for offshore business processing. It discusses the offshore prospects of 11 countries, all of which are finalists in the evaluation. In addition, it traces the progress of the Alpha Company,...
- White papers 2003-01-01
- Should You Offshore Your Services?
- Companies have been taking their manufacturing operations offshore for quite some time, but only in the past decade have companies started regularly sending their service jobs to countries like India and China. I recently spoke about the benefits and risks involved in service offshoring  with Dr. Robert Kennedy pictured, a...
- Blog posts 2009-05-19
- Title: Horizon Offshore, Inc. Company Profile Provides Vital Company Information, For Business And Competitor Intelligence.
- M2 PRESSWIRE-5 March 2008-Research and Markets: Title: Horizon Offshore, Inc. Company Profile Provides Vital Company Information, For Business And Competitor IntelligenceC1994-2008 M2 COMMUNICATIONS LTD RDATE:05032008 Dublin: Research and Markets (http://www.researchandmarkets.com/reports/c84997) has announced the addition of "Horizon Offshore, Inc....
- Research articles 2008-03-05
- Diamond Offshore Drilling Inc. Q2 2009 Earnings Call Transcript
- Earnings Call ExcerptDiamond Offshore Drilling Inc. DO Q2 2009 Earnings Call July 23, 2009; 10:00 am ET Executives Larry Dickerson - President & Chief Executive Officer Gary Krenek - Senior Vice President & Chief Financial Officer Les Van Dyke - Director of Investor Relations Analysts Ian Macpherson - Simmons...
- Earnings calls 2009-07-23
- J. Ray McDermott Wins Two New Contracts Offshore Saudi Arabia; Offshore construction company J. Ray McDermott will design, build and install offshore platforms and pipelines for Saudi Aramco.
- M2 PRESSWIRE-13 April 2006-J. Ray McDermott: J. Ray McDermott Wins Two New Contracts Offshore Saudi Arabia; Offshore construction company J. Ray McDermott will design, build and install offshore platforms and pipelines for Saudi Aramco C1994-2006 M2 COMMUNICATIONS LTD RDATE:13042006 ...
- Research articles 2006-04-13
- Canadian Superior Energy Inc. Announces Acquisition of World-Class Offshore Acreage, Company Successful at Nova Scotia Land Sale.
- CALGARY, ALBERTA, NOVEMBER 6, 2001 Canadian Superior Energy Inc. ("Canadian Superior" - SNG: TSE) of Calgary, Alberta announced today that the Company has successfully acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. The Company...
- Research articles 2001-11-06
- Canadian Superior Energy Inc. Announces Acquisition of World-Class Offshore Acreage; Company Successful at Nova Scotia Land Sale
- Business Editors CALGARY, Alberta--BUSINESS WIRE--Nov. 6, 2001 Canadian Superior Energy Inc. ("Canadian Superior") (TSE:SNG.) of Calgary, Alberta announced today that the Company has successfully acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. The Company said in Calgary today that it...
- Research articles 2001-11-06
- Tullow Oil Reels in Shell, Sells Super-Major on Potential Offshore French Guiana
- Tullow Oil, the tiny-but-mighty UK-based company, has sold super-major Royal Dutch Shell on the potential of fields offshore French Guiana, a territory on South America's northern coast. Tullow Oil is a partner in the Jubilee field offshore Ghana in West Africa -- a long ways from South America. But...
- Blog posts 2009-11-11
