Category Archives: Offshore

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The rules fell short of many environmentalists demands to cut off such drilling entirely, but oil companies complained that they would stymie exploration.

By CORAL DAVENPORT

The all-stock deal, worth $13 billion, would combine the American and French companies, which have been hit hard by the global plunge in energy prices.

By STANLEY REED

Long a ticket to the middle class, especially for African-Americans, they have become increasingly difficult to find.

By ANNIE LOWREY

The regulations are aimed at preventing the kind of failures that caused the disastrous 2010 oil spill in the Gulf of Mexico and come amid a proposal for Arctic drilling.

By CORAL DAVENPORT

The Obama administration has hopes that gas export efforts will help build peaceful relations between Israel and its neighbors in the Middle East.

By ISABEL KERSHNER and STANLEY REED

The decision to postpone the plan, called Browse, comes as prices for the fuel in Asia have fallen steeply.

Interior Secretary Sally Jewell cited the militarys reservations about drilling near some of its largest installations, plunging oil prices and widespread local concerns.

By CORAL DAVENPORT

The Obama administration yielded to opposition from coastal communities from Virginia to Georgia but dashed the hopes of many of those states leaders.

By CORAL DAVENPORT

The realization is adding momentum to efforts to convert some of the platforms into artificial reefs once they are decommissioned.

By ERIK OLSEN

Environmentalists disagree over whether outdated oil rigs off the coast of Long Beach, Calif., can become an addition to the marine ecosystem.

By ERIK OLSEN

Many coastal residents, fearing a repeat of the 2010 Deepwater Horizon oil spill, see potential disaster, while those inland speak of economic opportunity.

By CORAL DAVENPORT

Paragon Offshore, which operates offshore drilling rigs from the Gulf of Mexico to the North Sea, filed for Chapter 11 bankruptcy protection.

By MICHAEL CORKERY

While the dispute raised tensions between the neighbors, it did not approach levels seen in 2014, when anti-China demonstrations turned into deadly riots.

By MIKE IVES

The rig was at the center of a standoff between the countries in May 2014.

One worker on the drilling rig was killed, and two others were injured.

Opening the taps in the Corrib field is a breakthrough for the oil and gas industry in Ireland, which had mostly disappointing results in recent years.

By STANLEY REED

Prime Minister Benjamin Netanyahu authorized a long-delayed deal with an American-Israeli partnership that is expected to turn the country into an energy exporter.

By ISABEL KERSHNER and STANLEY REED

Workers have been evacuated, but one of two lifeboats capsized in rough seas, leaving 29 people missing and presumed dead.

By ANDREW E. KRAMER

The Southern Environmental Law Center calls on President Obama to reconsider plans to open the coast to oil and gas drilling.

The Interior Department also rejected appeals by Shell and Statoil, the Norwegian oil giant, to extend existing Arctic leases.

By CLIFFORD KRAUSS

The rules fell short of many environmentalists demands to cut off such drilling entirely, but oil companies complained that they would stymie exploration.

By CORAL DAVENPORT

The all-stock deal, worth $13 billion, would combine the American and French companies, which have been hit hard by the global plunge in energy prices.

By STANLEY REED

Long a ticket to the middle class, especially for African-Americans, they have become increasingly difficult to find.

By ANNIE LOWREY

The regulations are aimed at preventing the kind of failures that caused the disastrous 2010 oil spill in the Gulf of Mexico and come amid a proposal for Arctic drilling.

By CORAL DAVENPORT

The Obama administration has hopes that gas export efforts will help build peaceful relations between Israel and its neighbors in the Middle East.

By ISABEL KERSHNER and STANLEY REED

The decision to postpone the plan, called Browse, comes as prices for the fuel in Asia have fallen steeply.

Interior Secretary Sally Jewell cited the militarys reservations about drilling near some of its largest installations, plunging oil prices and widespread local concerns.

By CORAL DAVENPORT

The Obama administration yielded to opposition from coastal communities from Virginia to Georgia but dashed the hopes of many of those states leaders.

By CORAL DAVENPORT

The realization is adding momentum to efforts to convert some of the platforms into artificial reefs once they are decommissioned.

By ERIK OLSEN

Environmentalists disagree over whether outdated oil rigs off the coast of Long Beach, Calif., can become an addition to the marine ecosystem.

By ERIK OLSEN

Many coastal residents, fearing a repeat of the 2010 Deepwater Horizon oil spill, see potential disaster, while those inland speak of economic opportunity.

By CORAL DAVENPORT

Paragon Offshore, which operates offshore drilling rigs from the Gulf of Mexico to the North Sea, filed for Chapter 11 bankruptcy protection.

By MICHAEL CORKERY

While the dispute raised tensions between the neighbors, it did not approach levels seen in 2014, when anti-China demonstrations turned into deadly riots.

By MIKE IVES

The rig was at the center of a standoff between the countries in May 2014.

One worker on the drilling rig was killed, and two others were injured.

Opening the taps in the Corrib field is a breakthrough for the oil and gas industry in Ireland, which had mostly disappointing results in recent years.

By STANLEY REED

Prime Minister Benjamin Netanyahu authorized a long-delayed deal with an American-Israeli partnership that is expected to turn the country into an energy exporter.

By ISABEL KERSHNER and STANLEY REED

Workers have been evacuated, but one of two lifeboats capsized in rough seas, leaving 29 people missing and presumed dead.

By ANDREW E. KRAMER

The Southern Environmental Law Center calls on President Obama to reconsider plans to open the coast to oil and gas drilling.

The Interior Department also rejected appeals by Shell and Statoil, the Norwegian oil giant, to extend existing Arctic leases.

By CLIFFORD KRAUSS

Continued here:

Offshore Drilling and Exploration - The New York Times

Offshore oil rig jobs are great way to play an important role in the global energy business. If want to work in an office were you get to watch the sunset and feel the ocean breeze every day and make a ton of money while doing it then a drilling platform is a place for you. Find out how to get hired for oil rig jobs here.

Oil and gas play a giant role in Louisiana. With many offshore drilling companies located here, you can find many offshore jobs in Louisiana. Read this article to find out more about your options and how to get started soon.

If you are really serious about working on an oil rig but have no previous experience in the oil industry this is for you. Roustabout jobs can be dirty and hard but if you are man to take this opportunity, theres simply no better way to learn from the ground floor.

Oil and gas jobs put you in the forefront of the global energy industry. Even though alternative fuels are gaining strength, the fact is oil and gas are going to be dominant energy source for decades to come. Now is the time to find employment in this amazing field.

Are you ready to make some good money in one of the most exciting industries on earth? If you dont mind getting your hands dirty there are always roughneck jobs available for you. Find out more about how your next job could be on an offshore oil platform.

Have you ever work on a oil drilling crew before? Are you looking for the ultimate job adventure? If so, find out how offshore drilling jobs are right for you.

Offshore catering jobs are a great way to use your cooking skills. Plus, youll make more than you ever would at most restaurants on land. Find all the latest offshore catering jobs like cook, baker, and steward here.

Are you a good welder? Looking for an exciting job? Then if youre ready to make good money using your skills in one of the most exciting industries on earth, read as to find out how offshore welding jobs are just the thing for you.

Entry level offshore jobs are many peoples foot in the door in this amazing industry. For those of you just starting out it can be tough, but dont give up. This industry is always willing to give a good, honest worker a fair shot.

Everyday thousands of people go to work on a drilling rig. Would you like to be one of them? There are so many different drilling rig jobs available it helps to know where your skills will fit in. Read this to find out what job opportunities there are for you offshore.

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Offshore Jobs | $69,999+ Pay Possible | #1 Trusted ...

RATING RULES AND MEASUREMENT

US Sailing provides big boat rating and handicapping services. Currently we service five rules.

HPR was developed to create a grand prix level development rating rule for modern planing racers.

The IRC Rule is an ISAF International Rating System using measurement data and administered by RORC (Royal Ocean Racing Club) and UNCL (Union Nationale pour la Course au Large).

ORC is an open and transparent Velocity Prediction Program (VPP) rating rule that devises ratings for inshore and offshore races worldwide. US Sailing issues ORC Club and ORC International certificates for all US-based boats.

ORR is based in the US and is the largest Velocity Prediction (VPP) rule used in North America for both ocean and inshore competitions. ORR is a limited access VPP system that is intended to be a non-type forming rule that fairly rates properly designed and well prepared boats.

An observed performance handicapping system that serves over 20,000 boats in the U.S.

A time-on-time handicapping system derived from boat class records with documented ratings.

US Sailing provides customized performance predictions packages for individual yachts. Calculations are conducted with the highly accurate Offshore Racing Rule VPP. Also, US Sailing uses ORR or IMS measurement data. Performance packages are available for unmodified sisterships of ORR rated production yachts. The packages include tables of performance for wind speeds from 6 to 24 knots (now available as electronic files for onboard instrumentation), polar diagrams in both True and Apparent Wind format, Wally analysis, curve of static stability, upright hydrostatic calculations and instructions for use. Learn more

Per the Racing Rules of Sailing, the Offshore office issues sail numbers that meet national and international standards. Learn More

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Offshore | United States Sailing Association

Singapore-based offshore vessel owner sees 'challenging' year ahead with rates remaining weak.

18:09 GMT

Milan-listed Saipem, one of the worlds three top-tier subsea contractors, says it won new contracts and other variation orders worth a total of EUR 1.5bn ($1.7bn).

17:00 GMT

Buoyed by low charter rates, Indias state-owned Oil & Natural Gas Corp (ONGC) is looking to increase its long-term chartering activities over next few months.

17:00 GMT

Norwegian subsea player has soundly beaten market estimates by about 20% on average

17:00 GMT

Singapore-listed Swiber Holdings is blaming the severe downturn in the offshore sector for delays to one of its most important field-development contracts off West Africa while its $200m share subscription has also hit problems.

17:00 GMT

US-based rig owner Hercules Offshore, which declared bankruptcy in June for the second time in six months, says it has sold one of its jack-up rigs this week for just $3.16m to an unnamed buyer.

17:00 GMT

Offshore vessels have seen a clear reversal in demand for drilling support, as the total number of rigs working offshore fell in June after the preceding two months registered rises.

17:00 GMT

The US Gulf of Mexico (GoM) is a clear example of how oil companies cost-cutting is now moving beyond exploration and into operational budgets a key concern for struggling offshore-support players, says a well-known analyst.

17:00 GMT

Shell chief executive Ben van Beurden appears to have partly confirmed analyst warnings about Brexits potential chilling effects for the UK shelf

17:00 GMT

Indian offshore vessel owner to deploy one ship and one ROV to oil majors project.

14:41 GMT

Singapore owner sending personnel to work on oil and gas company's projects.

07:25 GMT

Struggling Norwegian PSV owner keeps two vessels working in Brazil, with four laid up.

06:18 GMT

Alec Litowitz firm holding heap of Teekay Offshore common shares after preferred share conversion and private placement.

13 Jul 20:36 GMT

Oslo-listed owner offloads 1996-built vessel and says its new owner will not deploy it in the OSV sector.

13 Jul 13:06 GMT

Two-thirds of investors opt to take 2015 dividend as new stock.

13 Jul 06:47 GMT

Phase one of floatel owner's restructuring complete as it tries to boost liquidity by $478m.

13 Jul 06:29 GMT

GulfMark, Genco, Hornbeck and Star Bulk surge by more than 11% as New York stock markets pooh-pooh global uncertainties.

12 Jul 21:05 GMT

Taiwanese entities in Chapter 11 reach deal with creditors and Vantage over cash frozen amid fight with Nobu Su.

12 Jul 19:10 GMT

Oslo-listed shipowner's net profit dips 1.2% to $25.5m, though adjusted result shows improvement.

12 Jul 16:44 GMT

Bondholders to vote on final solution as banks sign off on debt deal.

12 Jul 08:03 GMT

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Offshore | TradeWinds

Joey E. Lopez

Manager of Design

Thirty years experience, design projects include TLPs, FPSOs, Spars, Semisubmersibles, jack-up drilling rigs, pipe laying barges & fixed platforms.

Philip B. Poll

Manager of Projects

Sixteen years experience in offshore engineering and engineering management.

Jun Zou

Manager of Naval Architecture

Over ten years as a Principal/Senior Naval Architect, five years as a Research Assistant, & five years as a Project Engineer.

Chuck Brown

Senior Principal Piping Designer

35 years of diversified domestic & international experience in platform layout/ arrangement, Piping design, & project management.

H.T. Chen

Senior Principal Naval Architect

Over 30 years project experience with Tension Leg Platforms, Semi- submersibles, Spars, FPSOs, Barges, & other production systems.

When-Yen Tein

Sr. Principal Structural Engineer

Over 18 years structural analysis & design experience in offshore & onshore engineering; Deck Structural Lead of major deepwater projects.

Shan Shi

Manager of Riser Systems

Specialized in complex top-tensioned and flexible riser system design/analysis. Expertise in coupled dynamic analysis for offshore deep-water systems.

More here:

Houston Offshore Engineering - Marine Engineering, Naval ...

The offshore industry has seen a tremendous growth in the past few years. The increase in the number of offshore rigs has led to the increase in demand of employees. With the high pay in the industry most people are moving from their current jobs to the offshore industry. Below are some of the best salaries in the world offshore jobs and recruitment that may be of help to you when making an application to join the industry.

The offshore installation manager is the senior most positions in an offshore site. This position requires special training and education. The installation engineer is mandated with handling all operations in the offshore rig. For this position you will probably need 10 years of offshore work.

The offshore industry requires a lot of engineers and the pay for this position is attractive. They take care of the drilling processes and conduct repairs and maintenance of all equipment on the offshore rig. It is a challenging job that requires a lot of physical and mental strength; this job definitely requires that you have a degree.

Rig safety coordinators are tasked to ensure that all employees in the rig are safe. Rigs are prone to work place accidents. As a safety coordinator you need to ensure that the employees follow proper work procedures.

Working in the offshore industry is very challenging. Most of the jobs are strenuous and exposes you to many risks; however, the pay is very good and the positioned mentioned above offer the best salaries in the world offshore jobs and recruitment.

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Offshore Jobs | Offshore Jobs | Find yourself an Offshore ...

Landlubber's forecast: "City, St" or zip code

Search by city or zip code. Press enter or select the go button to submit request

U.S. Offshore Marine Text Forecasts by Zone

OFFSHORE WATERS forecasts are subdivided by zone, each identified by text description and a Universal Generic Code (UGC). These forecasts are prepared by the Ocean Prediction Center, National Hurricane Center, Honolulu Forecast Office, Juneau Forecast Office, Anchorage Forecast Office, and Fairbanks Forecast Office.

Similar webpages for Coastal/Great Lakes Forecasts by Zone and High Seas Marine Forecasts are also available. These forecasts are also available via e-mail

This is NOT a complete listing of National Weather Service marine forecast products. See the Marine Forecasts webpage which contains information on the dissemination of NWS marine weather forecasts including frequency and broadcast schedule information as well as links to products and related information.

National Weather Service Analyze, Forecast, and Support Office Marine, Tropical, and Tsunami Services Branch (W/AFS26) Last modified: May 27, 2016 Questions, Comments?

Originally posted here:

NWS Offshore Marine Forecasts by Zone

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 which lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas.

Offshore drilling presents environmental challenges, both from the produced hydrocarbons and the materials used during the drilling operation. Controversies include the ongoing US offshore drilling debate.

There are many different types of facilities from which offshore drilling operations take place. These include bottom founded drilling rigs (jackup barges and swamp barges), combined drilling and production facilities either bottom founded or floating platforms, and deepwater mobile offshore drilling units (MODU) including semi-submersibles and drillships. These are capable of operating in water depths up to 3,000 metres (9,800ft). In shallower waters the mobile units are anchored to the seabed, however in deeper water (more than 1,500 metres (4,900ft) the semisubmersibles or drillships are maintained at the required drilling location using dynamic positioning.

Around 1891, the first submerged oil wells were drilled from platforms built on piles in the fresh waters of the Grand Lake St. Marys (a.k.a. Mercer County Reservoir) in Ohio. The wells were developed by small local companies such as Bryson, Riley Oil, German-American and Banker's Oil.

Around 1896, the first submerged oil wells in salt water were drilled in the portion of the Summerland field extending under the Santa Barbara Channel in California. The wells were drilled from piers extending from land out into the channel.[1][2]

Other notable early submerged drilling activities occurred on the Canadian side of Lake Erie in the 1900s and Caddo Lake in Louisiana in the 1910s. Shortly thereafter wells were drilled in tidal zones along the Texas and Louisiana gulf coast. The Goose Creek Oil Field near Baytown, Texas is one such example. In the 1920s drilling activities occurred from concrete platforms in Venezuela's Lake Maracaibo.

One of the oldest subsea wells is the Bibi Eibat well, which came on stream in 1923 in Azerbaijan.[3][dubious discuss] The well was located on an artificial island in a shallow portion of the Caspian Sea. In the early 1930s, the Texas Co., later Texaco (now Chevron) developed the first mobile steel barges for drilling in the brackish coastal areas of the Gulf of Mexico.

In 1937, Pure Oil (now Chevron) and its partner Superior Oil (now ExxonMobil) used a fixed platform to develop a field 1 mile (1.6km) offshore of Calcasieu Parish, Louisiana in 14 feet (4.3m) of water.

In 1945, concern for American control of its offshore oil reserves caused President Harry Truman to issue an Executive Order unilaterally extending American territory to the edge of its continental shelf, an act that effectively ended the 3-mile limit "freedom of the seas" regime.

In 1946, Magnolia Petroleum (now ExxonMobil) drilled at a site 18 miles (29km) off the coast, erecting a platform in 18 feet (5.5m) of water off St. Mary Parish, Louisiana.

In early 1947, Superior Oil erected a drilling and production platform in 20 feet (6.1m) of water some 18 miles (29km) off Vermilion Parish, La. But it was Kerr-McGee Oil Industries (now Anadarko Petroleum), as operator for partners Phillips Petroleum (ConocoPhillips) and Stanolind Oil & Gas (BP) that completed its historic Ship Shoal Block 32 well in October 1947, months before Superior actually drilled a discovery from their Vermilion platform farther offshore. In any case, that made Kerr-McGee's well the first oil discovery drilled out of sight of land.[4]

When offshore drilling moved into deeper waters of up to 30 metres (98ft), fixed platform rigs were built, until demands for drilling equipment was needed in the 100 feet (30m) to 120 metres (390ft) depth of the Gulf of Mexico, the first jack-up rigs began appearing from specialized offshore drilling contractors such as forerunners of ENSCO International.

The first semi-submersible resulted from an unexpected observation in 1961. Blue Water Drilling Company owned and operated the four-column submersible Blue Water Rig No.1 in the Gulf of Mexico for Shell Oil Company. As the pontoons were not sufficiently buoyant to support the weight of the rig and its consumables, it was towed between locations at a draught mid-way between the top of the pontoons and the underside of the deck. It was noticed that the motions at this draught were very small, and Blue Water Drilling and Shell jointly decided to try operating the rig in the floating mode. The concept of an anchored, stable floating deep-sea platform had been designed and tested back in the 1920s by Edward Robert Armstrong for the purpose of operating aircraft with an invention known as the 'seadrome'. The first purpose-built drilling semi-submersible Ocean Driller was launched in 1963. Since then, many semi-submersibles have been purpose-designed for the drilling industry mobile offshore fleet.

The first offshore drillship was the CUSS 1 developed for the Mohole project to drill into the Earth's crust.

As of June, 2010, there were over 620 mobile offshore drilling rigs (Jackups, semisubs, drillships, barges) available for service in the competitive rig fleet.[5]

One of the world's deepest hubs is currently the Perdido in the Gulf of Mexico, floating in 2,438 meters of water. It is operated by Royal Dutch Shell and was built at a cost of $3 billion.[6] The deepest operational platform is the Petrobras America Cascade FPSO in the Walker Ridge 249 field in 2,600 meters of water.

Notable offshore fields include:

Offshore oil and gas production is more challenging than land-based installations due to the remote and harsher environment. Much of the innovation in the offshore petroleum sector concerns overcoming these challenges, including the need to provide very large production facilities. Production and drilling facilities may be very large and a large investment, such as the Troll A platform standing on a depth of 300 meters.

Another type of offshore platform may float with a mooring system to maintain it on location. While a floating system may be lower cost in deeper waters than a fixed platform, the dynamic nature of the platforms introduces many challenges for the drilling and production facilities.

The ocean can add several billion meters or more to the fluid column. The addition increases the equivalent circulating density and downhole pressures in drilling wells, as well as the energy needed to lift produced fluids for separation on the platform.

The trend today is to conduct more of the production operations subsea, by separating water from oil and re-injecting it rather than pumping it up to a platform, or by flowing to onshore, with no installations visible above the sea. Subsea installations help to exploit resources at progressively deeper waterslocations which had been inaccessibleand overcome challenges posed by sea ice such as in the Barents Sea. One such challenge in shallower environments is seabed gouging by drifting ice features (means of protecting offshore installations against ice action includes burial in the seabed).

Offshore manned facilities also present logistics and human resources challenges. An offshore oil platform is a small community in itself with cafeteria, sleeping quarters, management and other support functions. In the North Sea, staff members are transported by helicopter for a two-week shift. They usually receive higher salary than onshore workers do. Supplies and waste are transported by ship, and the supply deliveries need to be carefully planned because storage space on the platform is limited. Today, much effort goes into relocating as many of the personnel as possible onshore, where management and technical experts are in touch with the platform by video conferencing. An onshore job is also more attractive for the aging workforce in the petroleum industry, at least in the western world. These efforts among others are contained in the established term integrated operations. The increased use of subsea facilities helps achieve the objective of keeping more workers onshore. Subsea facilities are also easier to expand, with new separators or different modules for different oil types, and are not limited by the fixed floor space of an above-water installation.

See also ecological effects of oil platforms.

Offshore oil production involves environmental risks, most notably oil spills from oil tankers or pipelines transporting oil from the platform to onshore facilities, and from leaks and accidents on the platform.[8]Produced water is also generated, which is water brought to the surface along with the oil and gas; it is usually highly saline and may include dissolved or unseparated hydrocarbons.

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Offshore drilling - Wikipedia, the free encyclopedia

The strongest privacy laws and offshore banking jurisdictions allow for financial privacy as well as asset protection from divorce, creditors, judgments and lawsuits.

To establish an offshore company and/or relocate your corporate structure to an overseas jurisdiction can be an essential step in protecting your assets from lawsuits, taking advantage of international tax breaks and growing your business overseas. This website is based on years of research and is intended as a tutorial that can guide you step-by-step in forming and using an offshore company. You will find literally dozens of advantages to setting up an international organization and running your business using an offshore bank account instead of, or in association with a local account. Nevis, Cayman Islands, Panama, BVI and Hong Kong are all very popular jurisdictions, and we can guide you from setting up the corporation or LLC of your choice to helping you establish a bank account for your business to establishing a virtual office offshore.

Doing business offshore is not about evading taxes or keeping money from the government. It is about structuring your affairs in such a way as to take advantage of international laws that are available to anyone who cares to use them to their benefit.

We can show you perfectly legal and legitimate ways to set up your business internationally so that you understand the far-reaching benefits from asset protection to cost-savings. You likely know that Apple, Google and a barrage of other organization have slashed their tax bills using completely legal techniques through the use of overseas structures. There are ways that you may be able to do this too, with our help plus the guidance of the proper licensed professionals.

One extraordinarily successful strategy is to use on offshore company to operate your online business. It is a technique used by Apple and Google. If your business is based online and you incorporate your international company properly, it may have some very attractive tax benefits. This may defer tax payments, like an IRA. It is abundantly important to have the tax advice of a knowledgeable CPA who can guide you in the use of this strategy. Use of these tools to save money on taxes may also depend on your country of residence and citizenship and your percentage of ownership of the company, among other actors. So, it should only be used under the guidance of experienced tax counsel.

An online business can have a global customer base. For example, do you want to multiply your customer base by 22 times? The population outside of the US is about 22 times greater than inside. The world population outside of the UK is 109 times greater than inside, 200 greater outside of Canada and 304 times outside of Australia. You get the idea. Why should you limit yourself to the old fashion geographically constricted business model? Establishing an offshore company and offshore bank account to run your online business can be a great way to build momentum outside of the country in which you reside.

What if your local company runs into difficult times? Remember the US and European recession of 2008, 2009 and following years? During that time the economies in Southeast Asia and Australia were booming. By having an offshore money machine, you limit your exposure to the local economy.

Why not have multiple global online businesses running simultaneously? The low cost of establishing a number of offshore companies and accounts, along with new low-cost website development services makes the initial investment just a drop in the bucket compared to the tremendous upside potential. Our organization provides all of these services, and has for tens of thousands of clients. If a farmer wants to harvest a crop he must first plant the seeds. Not all of the seeds grow but a majority of them do; and the ones that do can make him and his family a living for many generations.

Within minutes of filing a lawsuit, an attorney can file another document freezing your bank account, your home, your business, and other assets. However, operating a business offshore puts up a huge barrier to a viscous litigants ability to freeze and seize your hard earned resources.

A whopping 96% of the worlds lawsuits are filed in the US yet it only has about 4.5% of the worlds population. Why in the name of Molly Strudel would one want to have a sizable bank account sitting out in the open in the US when the odds of having that money taken are 23 times greater than anywhere else on the planet? Think about it. Keep enough funds locally to satisfy current needs. Then wire funds from your offshore account as the need arises. Keep funds offshore, held in the name of an offshore company and/or asset protection trust. Doing this puts you in the drivers seat rather than some money grubbing attorney who wants to put food on his familys table by taking it from yours.

Concerned about safety of your money offshore? Think again. Global Finance Magazine researches and publishes a list of 50 of the worlds safest banks each year. Can you guess how many national US banks made the list on the date of this writing? Would you think 40? 45? How about zero? Yes, NONE. The only US banks that made the list were three small regional farming banks. That is all. They ranked 30, 45 and 50 on the list. The safest banks on the list were from Germany, Switzerland the Netherlands, France, Luxembourg, Canada and Australia.

So, if you are in the US or South America, the question is not Is offshore banking safe? The question is, Is local banking safe? The United States is the most in-debt country in the world by a long shot. If countries were companies, and you were looking for one to invest in, would you look for one that was deeply in debt or one that was flush with cash? Would you look for one with a growing industrial base or one where manufacturing has been steadily eroding for decades? Think about it. Just because it is familiar doesnt make it good.

Keeping at least a portion of ones assets offshore in safer havens just makes good sense. At least have an offshore account ready to dump funds into on a moments notice if the need arises. Questions about offshore company formation and offshore banking? There is a number above to call and an inquiry form to complete on this page.

About Us / Contact Us

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Offshore Company Formation, Banking, Trusts and Asset ...

POLS is a licensed Panama law firm specializing in all Panama offshore legal services, including the formation of Panama corporations and Panama foundations. Our Offshore corporations and foundation packages are the most complete in the industry. In addition, we offer Panama immigration services, Panama real estate transaction processing, escrow services, and maritime vessel registration.

We work with top offshore banks to facilitate bank introductions for Panama bank accounts, and offshore bank accounts in other offshore tax havens. We also make introductions to Panama brokerage firms for offshore brokerage accounts & merchant accounts, in addition to Panama mail forwarding, drafting contracts, offshore asset protection and estate planning, and offshore legal consulting.

We can assist you to setup a Panama bank account today with offshore online banking, offshore debit card, offshore credit card, multi currency banking, and more.

Contact Us Give us a call, visit our office or email us.

POLS

Calle 41 Este, IPASA Building, 3rd floor, Panam City, Panam

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Panama Offshore Legal Services | POLS - Attorneys