Word: chevronings
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...Bullwinkle platform, 130 km (80 miles) off the Louisiana coast. Standing 162 stories high -- taller by 49 m (161 ft.) than Chicago's Sears Tower -- it looms like a gigantic iceberg in 412 m (1,353 ft.) of water, only its top-deck production facilities visible above the water. Chevron is planning a big project nearby. Southeast of New Orleans, Exxon is operating a 110-story platform, and a few miles away British Petroleum is erecting its own 100-story behemoth...
...Houston that will retrieve oil from a world-record depth of 872 m (2,860 ft.). Called Auger, the giant is scheduled to begin producing from 32 wells in 1993. Shell has also drilled an exploratory well at a 2,300-m (7,500-ft.) depth, and Mobil and Chevron hold leases to search in 3,000 m (10,000 ft.) of water. As long as oil prices make the gamble worthwhile, today's explorers will apparently go to any depths to unleash the next great undersea gusher...
...great international oil companies based in the U.S. and Europe controlled the supply of the world economy's lifeblood. At the peak of their clout in the 1960s, the renowned Seven Sisters -- British Petroleum, Gulf, Esso (now Exxon), Mobil, Royal Dutch/Shell, Standard Oil of California (now Chevron) and Texaco -- ruled with unquestioned authority. They discovered crude oil in the Middle East and Asia, shipped it to the developed world in their own tankers, processed it in their own refineries and sold it through gas stations that carried their logos...
...some of those logos are gone, while others have new owners. Gulf's orange ball went down like a setting sun, replaced by Chevron's stripes after a corporate takeover. More important, some of the new owners are foreign oil companies. Texaco's refining and marketing operations in 26 Eastern and Gulf Coast states are now half-owned by the Saudi Arabian oil company Aramco. Venezuela's national petroleum company bought out Citgo. In Europe a new symbol has emerged: Q8. The homophonic logo representing Kuwait's oil company appears on the signs of 4,800 gasoline stations in Western...
Business baptism by pop stick may not be quite as cool as listening to Charlie Parker, but it still might be good preparation for the future. Already executives from companies like Chevron and Amoco have found themselves in two- day creativity seminars, working on problems like how to raise two candles to eye level in a dark room using only string and paper clips. Only Deliverance might be adequate preparation for one problem-solving ploy practiced at the Gannett-owned News-Press in Fort Myers, Fla. Employees find themselves out at sea in a 25-ft. boat, often with only...