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Western Atlas
Western Atlas was an oilfield services company formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. The resulting company was a joint venture of Litton and Dresser Industries until it was spun off as a publicly traded company in 1994. Background In 1998, Western Atlas was acquired by Baker Hughes. Western Atlas wireline division, Western Atlas Logging Services, became Baker Atlas, one of seven divisions of Baker Hughes. The Western Geophysical division of Western Atlas was joined with Schlumberger geophysical operations, Geco-Prakla, to form WesternGeco in 2000. WesternGeco was initially owned jointly by Baker Hughes and Schlumberger.Duey, Rhonda (2001). ''WesternGeco: A done deal'', E&P, Hart Energy Publishing, LP In 2006 Schlumberger bought Baker Hughes' interest in WesternGeco. This company went from Atlas Wireline to Western Atlas then to Baker Atlas. See also * List of oilfield service companies This is a li ...
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Western Geophysical
Western Geophysical was an international oil exploration company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum. The company prospered and was sold by Salvatori to Litton Industries in 1960. In 1987, Litton and Dresser Industries formed a joint venture comprising Western and Dresser Atlas. The joint venture, Western Atlas, was spun off as a public company in 1994. Western then purchased Halliburton Geophysical Services, which had been formed from Geophysical Service Incorporated, Geosource and several other companies. In 1998, Western Atlas was acquired by Baker Hughes. In 2000, Western Geophysical became part of a joint venture between Baker Hughes and Schlumberger Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore d ...
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Hart Energy Publishing
Hart Energy, based in Houston, publishes online newspapers and magazines covering the petroleum industry and provides related research and consulting services. History The company was founded in Denver Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ... in 1973. Phillips International acquired the company in 1991 and sold it in 2000 for over $100 million. In March 2004, the company was acquired by management and changed its name to Hart Energy Publishing, LP. On October 2010, Hart Energy acquired Rextag Strategies Mapping & Data Services. On May 2, 2013, Hart Energy acquired Subsea Engineering News. References External links * {{Official website, https://www.hartenergy.com/ Rextag- Hart Energy Mapping & Data Services Companies based in Houston Petroleum in Texas Petroleum ...
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Defunct Companies Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Oilfield Services Companies
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in Porosity, porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and ''Unconventional oil, unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower Permeability (earth sciences), permeability, while in Unconventional (oil & gas) reservoir, unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a Caprock, cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (pote ...
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Companies Disestablished In 1998
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 ...
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Energy Companies Established In 1987
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has ...
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Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates (t ...
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Energy Companies Of The United States
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object ...
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List Of Oilfield Service Companies
This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists of their current parent companies. Companies connected with oilfield services * DeepOcean * International Logging * Kongsberg Gruppen * Rolls-Royce Holdings * Teledyne Technologies * Wärtsilä Wärtsilä Oyj Abp (), trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technol ... See also * List of oil exploration and production companies * List of largest oil and gas companies by revenue {{DEFAULTSORT:Oilfield service companies Lists of energy companies ...
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WesternGeco
WesternGeco is a geophysical services company. It is headquartered in Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex, in Greater London. __NOTOC__ Background The company provides reservoir imaging, monitoring, and development services. The company, a business segment of Schlumberger, offers 3D and time-lapse seismic surveys, electromagnetic surveys, and multicomponent surveys for delineating prospects and reservoir management. It also provides geophysical, land and transition-zone acquisition, marine acquisition, electromagnetics, and data processing and reservoir seismic services. The company was formed by the merger in 2000 of two of the world's largest seismic contractors, Western Geophysical (founded in 1933) and Geco-Prakla. Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. In May 2006, Schlumberger bought out Baker Hughes' 30% st ...
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Dresser Atlas
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas. History Solomon Robert Dresser invented a "packer", using rubber for a tight fit, and after taking out a patent on May 11, 1880, he began advertising and selling his product, ...
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Geco-Prakla
Geco (Geophysical Company of Norway) was a European geophysical service company specializing in seismic surveys for petroleum exploration. Starting operating in the North Sea from 1972, the company expanded to operate in most marine areas open for explorations, until Geco was incorporated into Geco-Prakla, with Schlumberger Limited as the solely owner from 1993. History The company started as Geoteam-Computas Ltd. A.S on December 13, 1972. The name was shortly afterwards changed to Geophysical Company of Norway, most commonly referred to as Geco. Anders Farestveit was the founder and the first CEO. The main focus was marine seismic surveys, including developing and equipping seismic vessels and conducting seismic surveys on customer requests. Geco was merged with the competing Norwegian geophysical company at that time, Statex (owned by Statoil and Kongsberg Våpenfabrikk) effective from January 1, 1978. Ownership after the merger was shared between Kongsberg Våpenfabrikk and ...
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