Word: chevrons
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...Saudi Arabia's. Last week twelve companies demonstrated their faith in the value of the finite resource by bidding a combined $7.3 billion for the oil and natural-gas assets of Houston-based Tenneco, which is selling those properties to concentrate on its gas-pipeline and construction- equipment businesses. Chevron agreed to pay $2.6 billion for the firm's stakes in the Gulf of Mexico, while T. Boone Pickens' firm, Mesa Limited Partnership, will pay $715 million for Tenneco's midcontinent reserves...
...rest of the funding came from theassociates of the Harvard International EnergyProgram, a group of donors which includes Apache,Chevron, Texaco, the DOE and the governments ofVenezuela, Spain and Japan. Except for Apache, allof those donors strongly oppose any oil importfee. But each contributed only a small fraction tothe project and none had specially earmarked thefunds for the study...
...first of these ventures, Connecticut-based Combustion Engineering will provide machinery and software for managing petroleum production at refineries. Minnesota's Honeywell will equip Soviet fertilizer plants with high-tech manufacturing equipment. Occidental Petroleum will build two factories to supply plastics for food packaging, vinyl floors and other uses. Chevron is * discussing an oil-exploration venture, while Monsanto is negotiating joint production of a weed-killing herbicide...
...crude from Saudi Arabia for $28 per bbl., even though the official going rate was $32 per bbl. The IRS appears to be saying that Texaco should have considered the $4-per-bbl. price break to be income and paid taxes on it. The other members of Aramco -- Exxon, Chevron and Mobil -- could also face penalties, but they have not heard from the taxman...
...Francisco, flying at 22,000 ft. Two minutes later, the British Aerospace commuter jet shrieked toward earth in a nearly vertical dive and disintegrated as it slammed into a hill near Paso Robles in San Luis Obispo County. All 43 aboard were killed, including four executives of Chevron Corp. From that baffling beginning, other messages gradually unraveled the mystery of what had happened...