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Showing results for offshore drilling. Search instead for offshore banking.

offshore drilling

Cultural  
  1. The operation of oil wells on the continental shelf, sometimes in water hundreds of feet deep.


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Public debate about offshore drilling concentrates on the possibility that large oil spills will occur, with subsequent damage to the coastal environment.

Example Sentences

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Steven Soderbergh’s 2019 movie “The Laundromat” borrowed the same device for Antonio Banderas and Gary Oldman, who wore garish tuxedos as they let audiences in on the secrets of global offshore banking.

From Los Angeles Times • Dec. 20, 2021

In one fax to Musa, part of the cache of documents, Godfrey offered the prime minister advice on how to respond to an unnamed interviewer who was probing the country’s offshore banking system.

From Seattle Times • Oct. 4, 2021

By 2004 Nauru had passed anti-money laundering and terrorist financing laws and the offshore banking sector seems to have disappeared as fast as it arrived.

From The Guardian • Sep. 3, 2018

“U.S. citizens who have engaged in illegal offshore banking have to rethink whether they want to stay in the business,” said Stephen M. Kohn, one of the lawyers for Birkenfeld.

From Washington Post • Apr. 8, 2016

Efforts to increase GDP include the promotion of tourism and a financial services industry, although the International Banking Repeal Act of 2002 resulted in the termination of all offshore banking licenses.

From The 2008 CIA World Factbook by United States. Central Intelligence Agency

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