- •625000, Тюмень, Володарского, 38.
- •625039, Тюмень, ул. Киевская, 52
- •A. Company research
- •Look through the text and find English equivalents to the expressions:
- •3. Fill in the gaps with the words from exercise 1.
- •Discuss which ways exist to research company. Which ways would you use? Describe three of them in details.
- •Read the article and check your answers.
- •Read the sentences and choose the right variant.
- •B. World’s leading companies
- •7. Which oil and gas companies do you know? What can you tell about them? To which countries are they related? In your opinion, what are the most successful companies?
- •9. Divide into two groups and analyze Chart 1 and Chart 2. Make a report about one of the charts. Describe as much point as possible, compare the data and make your conclusions. Use Application 1.
- •1. Match the words and their definitions:
- •2. Fill in the gaps using the words and expressions above:
- •3. Discuss the following questions:
- •4. Read the first part of the text and find English equivalents for the given words and expressions:
- •5. Fill in the gaps with the words and expressions:
- •6. Read the second part of the text and answer the questions:
- •7. Match the parts of the sentences:
- •8. True or False? Agree or disagree with the following statements.
- •9. Make a short report about the text.
- •1. Study the terms:
- •2. Fill in the gaps with the words and expressions above. There are four words you needn’t use:
- •3. Answer the following questions:
- •4. Read the text and check your answers:
- •6. Read the text and find English equivalents for the words and expressions:
- •8. Translate the text from Russian into English:
- •1. Study the terms:
- •3. Choose the odd one out in each line and explain your choice:
- •5. Read the text and say if the statements are true or false:
- •6. Answer the questions:
- •6. Fill in the gaps with the words from the list below:
- •Injected submersible pumper drive
- •7. Describe the process of a tertiary recovery technique presented in the picture. Describe all the stages and the effects of this process. Use Application 1 to help you present your description:
- •1. Study the terms:
- •2. Read the text and say if the statements are true or false:
- •3. Answer the following questions:
- •4. Find English equivalents in the text:
- •Bibliography
Read the sentences and choose the right variant.
The company is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange. It’s ___________ company.
privately held
state-owned
publicly-owned
A notable example of _____________ company is the Saudi national oil company, Saudi Aramco, which the Saudi government bought in 1988 and changed its name from Arabian American Oil Company to Saudi Arabian Oil Company.
privately held
state-owned
publicly owned
A number of similar and often overlapping activities involving a search for information is called __________.
questionnaire
research
survey
A __________ is not designed to create new information or insight but to collate and synthesize existing information.
survey
review
questionnaire
To make a _________ is to query (someone) in order to collect data for the analysis of some aspect of a group or area.
survey
review
research
A __________ is a set of questions for obtaining statistically useful or personal information from individuals.
review
questionnaire
survey
B. World’s leading companies
7. Which oil and gas companies do you know? What can you tell about them? To which countries are they related? In your opinion, what are the most successful companies?
8. You are going to read the text about world’s 5 largest oilfield technology companies. Have you heard of them before? What have you known? Divide into groups. Each group should read description of a company or some companies and complete the table. Compare the data and information.
Company |
Founder |
Sphere of work |
Annual Revenue |
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The term “at the sharp end” could well suit the companies that make up our list of the world’s 10 largest oilfield technology companies.
What is interesting about the list is that the majority of the companies is headquartered in Houston. It is obvious that developing innovative new technologies as well as manufacturing the more common oil & gas products is not something that any new-coming company can do. Most of these companies already existed (in various forms) when Edwin Drake was drilling the first oilwell in the mid-1800s.
We used company revenues for 2008 as the criteria for the list and the information was sourced from each company’s website and checked across news media where possible.
Source, v – to get smth Vast, adj – huge Facility, n – means of performance |
1. Schlumberger Limited As a general oilfield services company Schlumberger is quite easily the largest in the world. Although the company operates across so many different parts of the oil & gas it still takes the top spot as the largest technology provider. |
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Schlumberger generated $27.16 billion of revenues in 2008, is registered in the Dutch Antilles and headquartered in Paris, Houston and The Hague. The CEO of the company is Andrew Gould and the company employs 82,000 people who operate in around 80 countries worldwide. The company provides a vast assortment of products for areas as diverse as drilling, cementing, completions, subsea, well testing seismic surveys, coiled tubing services as well as various software and IT solutions. Schlumberger also has 25 research and engineering facilities worldwide and spent a colossal $818 million on research and development in 2008. |
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2. Halliburton Halliburton is the first of a long line of US oilfield services companies that make up the list. The company serves the upstream oil and gas industry throughout the life cycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. |
Enhancement, n – increasing Precise, adj - accurate
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Now headquartered in both Houston and Dubai Halliburton generated revenues of US$18.28 billion in 2008 and has 57,000 employees operating in around 70 countries. Halliburton is split into two segments: Completion and Production and Drilling and Evaluation. Completion and Production delivers cementing, stimulation, intervention, and completion services and consists of production enhancement services, completion tools and services, and cementing services. Drilling and Evaluation provides field and reservoir modeling, drilling, evaluation, and precise well-bore placement solutions. |
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Ubiquitous, adj – being everywhere at the same time Acquisition, n – something or someone acquired or gained and costs a lot BJ Services Company – an oil and gas equipment and services company that is now a subsidiary of Baker Hughes. |
3. Baker Hughes Baker Hughes is another company that offers oil producers a complete set of oilfield services. However, it is also one of the world’s leading technology providers and can boast of an excellent reputation from within the industry for its innovative products. Headquartered in the ubiquitous Houston, Baker Hughes generated revenues of US$11.86 billion in 2008. The company has almost 40,000 employees that operate in over 90 countries. The chairman and CEO is Chadwick C Deaton and the companies shares are traded on the New York stock exchange. |
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Baker Hughes provides the oil & gas industry with a large number of products and services for drilling, formation evaluation, completion, production and reservoir consulting. The company’s operations are split into seven product line groups: INTEQ (drilling), Baker Atlas (wireline logging), Baker Hughes Drilling Fluids, Hughes Christensen (drill bits, drill casing), Baker Oil Tools, Centrilift (lift systems, pumps) and Baker Petrolite (chemicals). Baker Hughes has been in the news recently after making the largest acquisition of an oilfield services company in over a decade when it announced that it was to pay $5.5 billion for BJ Services. |
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4. Smith International When the 20 year-old Herman Smith opened a blacksmith shop in 1902 in the sleepy town of Whittier in California, even in his wildest dreams he wouldn’t have imagined that it would grow to become a leading provider of technology to drilling, completion and production phases of the oil and gas industry with revenues of over US$10 billion. |
Joint venture – united undertaking involving chance, risk, or danger CEO – Chief Executive Officer MENA is for "Middle East and North Africa" |
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Now headquartered in Houston, Smith International has around 20,000 employees and operates in over 80 countries worldwide. Smith International is split into three sectors Smith Oilfield (oilfield products), M-I SWACO (a joint venture with Schlumberger dedicated to technology innovation), and Wilson (pipes) and shares in the company are traded on the New York stock exchange. The chairman, CEO and president is John Yearwood. Smith provides the hydrocarbons sector with a dizzying array of products including drilling tools, casing hardware, wireline services, milling tools and supplies and drilling system analysis systems. Smith has won several awards for technological innovation regarding its products. The company operates offices right across the MENA region. |
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Predecessor, n – a person who has previously occupied a position Ahead of, prep – in front of |
5. National Oilwell Varco (NOV) NOV has been involved in the oil industry, through various predecessors, since 1841. The company is now the world’s leading oil well drilling services company ahead of Schlumberger and Baker Hughes. |
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The multi-national giant is headquartered in Houston, boasted 2008 revenues of US$9.79 billion and employs over 40,000 people in 700 facilities worldwide. Pete Miller is the company chairman, CEO and president and its shares are traded on the New York stock exchange. The company provides major mechanical components for land and offshore drilling rigs, complete land drilling and well servicing rigs, tubular inspection and internal tubular coatings, drill string equipment, extensive lifting and handling equipment, and a broad offering of downhole drilling motors, bits and tools. |
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