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Oil and Gas Exploration and Production
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Exposures
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Event Codes
Yield to order
Accident
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Human death
Reject
Host meeting
Reduce routine activity
Wiki Wiki Summary
Orthographic projection Orthographic projection (sometimes referred to as orthogonal projection, used to be called analemma) is a means of representing three-dimensional objects in two dimensions. It is a form of parallel projection, in which all the projection lines are orthogonal to the projection plane, resulting in every plane of the scene appearing in affine transformation on the viewing surface.
Reasonable person In law, a reasonable person, reasonable man, or the man on the Clapham omnibus, is a hypothetical person of legal fiction crafted by the courts and communicated through case law and jury instructions.Strictly according to the fiction, it is misconceived for a party to seek evidence from actual people in order to establish how the reasonable man would have acted or what he would have foreseen. This person's character and care conduct under any common set of facts, is decided through reasoning of good practice or policy—or "learned" permitting there is a compelling consensus of public opinion—by high courts.In some practices, for circumstances arising from an uncommon set of facts, this person is seen to represent a composite of a relevant community's judgement as to how a typical member of said community should behave in situations that might pose a threat of harm (through action or inaction) to the public.
Kare Kano Kare Kano (Japanese: 彼氏彼女の事情, Hepburn: Kareshi Kanojo no Jijō, lit. "His and Her Circumstances") is a Japanese manga series written and illustrated by Masami Tsuda.
Mission statement A mission statement is a short statement of why an organization exists, what its overall goal is, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation. It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".
Uncertainty principle In quantum mechanics, the uncertainty principle (also known as Heisenberg's uncertainty principle) is any of a variety of mathematical inequalities asserting a fundamental limit to the accuracy with which the values for certain pairs of physical quantities of a particle, such as position, x, and momentum, p, can be predicted from initial conditions.\nSuch variable pairs are known as complementary variables or canonically conjugate variables; and, depending on interpretation, the uncertainty principle limits to what extent such conjugate properties maintain their approximate meaning, as the mathematical framework of quantum physics does not support the notion of simultaneously well-defined conjugate properties expressed by a single value.
Orthotropic material In material science and solid mechanics, orthotropic materials have material properties at a particular point, which differ along three mutually-orthogonal axes, where each axis has twofold rotational symmetry. These directional differences in strength can be quantified with Hankinson's equation.
Reliance Group Reliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani.
Phillips curve The Phillips curve is an economic model, named after William Phillips hypothesizing a correlation between reduction in unemployment and increased rates of wage rises within an economy. While Phillips himself did not state a linked relationship between employment and inflation, this was a trivial deduction from his statistical findings.
Law of obligations The law of obligations is one branch of private law under the civil law legal system and so-called "mixed" legal systems. It is the body of rules that organizes and regulates the rights and duties arising between individuals.
Solidary obligations A solidary obligation, or an obligation in solidum, is a type of obligation in the civil law jurisprudence that allows either obligors to be bound together, each liable for the whole performance, or obligees to be bound together, all owed just a single performance and each entitled to the entirety of it. In general, solidarity of an obligation is never presumed, and it must be expressly stated as the true intent of the parties' will.
List of countries by oil consumption This is a list of countries by oil consumption.\nIn 2020 total worldwide oil consumption is expected to drop by 9% year over year compared to 2019 due to the COVID-19 pandemic according to the International Energy Agency (IEA).
Natural gas prices Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
Prince of Nothing The Prince of Nothing is a series of three fantasy novels by Canadian author R. Scott Bakker, first published in 2004, part of a wider series known as "The Second Apocalypse". This trilogy details the emergence of Anasûrimbor Kellhus, a brilliant monastic warrior, as he takes control of a holy war and the hearts and minds of its leaders.
Inflation An infection is the invasion of an organism's body tissues by pathogens, their multiplication, and the reaction of host tissues to the infectious agents and the toxins they produce. An infectious disease, also known as a transmissible disease or communicable disease, is an illness resulting from an infection.
Ashton Music Ashton Music is a worldwide distributor of musical instruments and associated equipment, focussing particularly on high-quality entry-level lines. Its design headquarters is in Australia, but most of its manufacturing activity is in China.
Politics Politics (from Greek: Πολιτικά, politiká, 'affairs of the cities') is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science.
Running track An all-weather running track is a rubberized, artificial running surface for track and field athletics. It provides a consistent surface for competitors to test their athletic ability unencumbered by adverse weather conditions.
Childhood trauma Childhood trauma is often described as serious adverse childhood experiences (ACEs). Children may go through a range of experiences that classify as psychological trauma; these might include neglect, abandonment, sexual abuse, emotional abuse, and physical abuse, witnessing abuse of a sibling or parent, or having a mentally ill parent.
Lambretta TV200 The Lambretta TV200 (or GT200 in the UK) was a motor scooter produced by Innocenti from April 1963 to October 1965. During this time, 14,982 units were made for and exported to markets outside of Italy.
Instability index The Instability index is a measure of proteins, used to determine whether it will be stable in a test tube.\nIf the index is less than 40, then it is probably stable in the test tube.
Inherent Vice (film) Inherent Vice is a 2014 American period neo-noir mystery crime film written and directed by Paul Thomas Anderson, based on the 2009 novel of the same name by Thomas Pynchon. The cast includes Joaquin Phoenix, Josh Brolin, Owen Wilson, Katherine Waterston, Eric Roberts, Reese Witherspoon, Benicio del Toro, Jena Malone, Joanna Newsom, Jeannie Berlin, Maya Rudolph, Michael K. Williams and Martin Short.
Unexpected Journey The Hobbit: An Unexpected Journey is a 2012 epic high fantasy adventure film directed by Peter Jackson from a screenplay by Fran Walsh, Philippa Boyens, Jackson, and Guillermo del Toro, based on the 1937 novel The Hobbit by J. R. R. Tolkien. It is the first instalment in The Hobbit trilogy, acting as a prequel to Jackson's The Lord of the Rings trilogy.
.us U, or u, is the twenty-first and sixth-to-last letter of the ISO basic Latin alphabet and usually considered the fifth vowel letter of the modern English alphabet. Its name in English is u (pronounced ), plural ues.
Repatriation of Cossacks after World War II The Betrayal of the Cossacks occurred when Cossacks, ethnic Russians and Ukrainians who were opposed to the Soviet Union (such as fighting for Germany), were handed over by British and US forces to the Soviet Union after the Second World War. Near the end of the war, many Cossacks fled to western Europe, fearing the Red Army, in hopes of surrendering instead to the US or UK. Once they were arrested by the Allies, they were packed into small trains and were promised to be sent to the west.
Gold repatriation Gold repatriation refers to plans of various governments to bring home their gold stored outside the home country.\nMany nations use foreign vaults for safe-keeping of part of their gold reserves.
Ground rent As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases.
Adani Green Energy Adani Green Energy Limited (AGEL) is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is owned by Indian conglomerate Adani Group.
Real assets Real Assets is an investment asset class that covers investments in physical assets such as real estate, energy, and infrastructure. Real assets have an inherent physical worth.
Social medicine The field of social medicine seeks to implement social care through\n\nunderstanding how social and economic conditions impact health, disease and the practice of medicine and\nfostering conditions in which this understanding can lead to a healthier society.Social medicine as a scientific field gradually began in the early 19th century, the Industrial Revolution and the subsequent increase in poverty and disease among workers raised concerns about the effect of social processes on the health of the poor. The field of social medicine is most commonly addressed today by public health efforts to understand what are known as social determinants of health.
Icing conditions In aviation, icing conditions are atmospheric conditions that can lead to the formation of water ice on an aircraft. Ice accretion and accumulation can affect the external surfaces of an aircraft – in which case it is referred to as airframe icing – or the engine, resulting in carburetor icing, air inlet icing or more generically engine icing.
Underground power station An underground power station is a type of hydroelectric power station constructed by excavating the major components (e.g. machine hall, penstocks, and tailrace) from rock, rather than the more common surface-based construction methods.
Business Proposal Business Proposal (Korean: 사내 맞선; Hanja: 社內맞선; RR: Sanae Matseon; lit. The Office Blind Date) is a South Korean romantic comedy television series based on the webtoon of the same title written by HaeHwa and illustrated by Narak.
United States dollar The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents.
Double taxation Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).\nDouble liability may be mitigated in a number of ways, for example, a jurisdiction may:\n\nexempt foreign-source income from tax,\nexempt foreign-source income from tax if tax had been paid on it in another jurisdiction, or above some benchmark to exclude tax haven jurisdictions, or\nfully tax the foreign-source income but give a credit for taxes paid on the income in the foreign jurisdiction.Jurisdictions may enter into tax treaties with other countries, which set out rules to avoid double taxation.
Cost In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.
Risk Factors
SMITH INTERNATIONAL INC Item 1A Risk Factors This document contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, concerning, among other things, our outlook, financial projections and business strategies
These statements are based on certain assumptions and analyses that we believe are reasonable under the circumstances
However, our assumptions could prove to be incorrect
Furthermore, such statements are subject to risks and uncertainties, many of which are beyond the control of the Company, that could cause actual results to differ materially from expected results
You should not place undue reliance on these forward-looking statements, which are based only on our current expectations
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise
With this in mind, you should consider the risks discussed elsewhere in this report and other documents we file with the SEC from time to time and the following important factors that could cause our actual results to differ materially from those expressed in any forward-looking statement made by us or on our behalf
We are dependent on the level of oil and natural gas exploration and development activities
Demand for our products and services is dependent upon the level of oil and natural gas exploration and development activities
The level of worldwide oil and natural gas development activities is primarily influenced by the price of oil and natural gas, as well as price expectations
In addition to oil and natural gas prices, the following factors impact exploration and development activity and may lead to significant changes in worldwide activity levels: • Overall level of global economic growth and activity; • Actual and perceived changes in the supply and demand for oil and natural gas; • Political stability and policies of oil-producing countries; • Finding and development costs of operators; • Decline and depletion rates for oil and natural gas wells; and • Seasonal weather conditions that temporarily curtail drilling operations
Changes in any of these factors could adversely impact our financial condition or results of operations
There are certain risks associated with conducting business in markets outside of North America
We are a multinational oilfield service company and generate the majority of our Oilfield segment revenues in markets outside of North America
Changes in conditions within certain countries that have historically experienced a high degree of political and/or economic instability could adversely impact our financial condition or results of operations
Additional risks inherent in our non-North American business activities include: • Changes in political and economic conditions in the countries in which we operate, including civil uprisings, riots and terrorist acts; • Unexpected changes in regulatory requirements; • Fluctuations in currency exchange rates and the value of the US dollar; • Restrictions on repatriation of earnings or expropriation of property without fair compensation; • Governmental actions that result in the deprivation of contract rights; and • Governmental sanctions
We operate in a highly technical and competitive environment
We operate in a highly-competitive business environment
Accordingly, demand for our products and services is largely dependent on our ability to provide leading-edge, technology-based solutions that reduce the operator’s overall cost of developing energy assets
If competitive or other market conditions impact our ability to continue providing superior-performing product offerings, our financial condition or results of operations could be adversely impacted
Our businesses are subject to a variety of governmental regulations
We are exposed to a variety of federal, state, local and international laws and regulations relating to environmental, health and safety, export control, currency exchange, labor and employment and taxation matters
These laws and regulations are complex, change frequently and have tended to become more stringent over time
In the event the scope of these laws and regulations expand in the future, the incremental cost of compliance could adversely impact our financial condition or results of operations