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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 services have ...
AGT – (1) agitator, used in drilling. AGT – (2) authorised gas tester (certified by OPITTO) AGT – (3) Azerbaijan – Georgia – Turkey (a region rich in oil related activity) [3] AHBDF – along hole (depth) below Derrick floor. AHD – along hole depth. AHU – air handling unit. AICD – autonomous inflow control device.
An offshore company may be a reference to: a company, group or sometimes a division thereof, which engages in offshoring business processes. [1] International business companies (IBC) or other types of legal entities, which are incorporated under the laws of a jurisdiction, that prohibit local economic activities. [2]
Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are used to pay less tax in many countries by large and small-scale investors. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally ...
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, originated ...
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 ...
Offshore wind power or offshore wind energy is the generation of electricity through wind farms in bodies of water, usually at sea. There are higher wind speeds offshore than on land, so offshore farms generate more electricity per amount of capacity installed. [ 1 ] Offshore wind farms are also less controversial [ 2 ] than those on land, as ...
Offshore construction, construction out at sea. Offshore drilling, discovery and development of oil and gas resources which lie underwater through drilling a well. Offshore hosting, server. Offshore wind power, wind power in a body of water. Offshore geotechnical engineering.