Word: chevrons
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...resealed tomb may still hold many mysteries. Jacobovici says the strange symbol over its entrance - a swooping chevron over a circle - may have been the precursor of a symbol used by the Templar Knights. "There were also three skulls inside, arranged in a triangle, as if they were guardians," he says. "And that's not something you find in Jewish funeral rites." Jacobovici says the tomb was vandalized, possibly during the Crusader times...
Countries that own natural resources want a bigger stake in profits. They won't just settle for a share now. They want to partake as a full partner all the way up the chain into the end use of their commodity. So for companies like Exxon, Conoco-Phillips, Shell, Chevron-Texaco, it's not the same game anymore...
...former director of Chevron whose reading includes the financial press and oil- and gas-industry journals, she has personally overseen the Administration's campaign to persuade financial institutions in Europe and the Arab world to halt the flow of capital to Iran's oil sector. The idea is that through a combination of moves--projecting military muscle, squeezing Iran's oil lifeline and securing U.N. Security Council sanctions against Tehran's nuclear industry--the U.S. can drain Ahmadinejad's popular support and force the mullahs to bend to international demands to stop enriching uranium, the first step to a nuclear...
...None of this is welcome news for oil companies, of course. While they're still raking in billions in profits, the stock prices of the majors, from ExxonMobil to Chevron, have declined in recent weeks, since lower oil prices will invariably translate to lower corporate revenues. The silver lining: oil companies may be able to cut their costs by spending less for field services and drilling projects, helping shore up their bottom lines. "When pricing is weaker you tend not to get as aggressive with drilling," Haas says. Nonetheless, she adds, "it will be a challenging year" for the industry...
...running from Baku through Georgia's capital, Tbilisi, to Turkey's Mediterranean port of Ceyhan. Named the Baku-Tbilisi-Ceyhan (BTC), the $4 billion pipeline is one of the world's longest and is operated by the British-American oil company BP, with partners that include U.S. oil companies Chevron, ConocoPhillips and Hess. By spring, about 1 million bbl. a day will move down the pipe, and BP could increase that soon after to about 1.5 million bbl. a day. A parallel BP pipeline opened last month to send hundreds of billions of cubic feet of natural gas from...