Word: consortium
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Dates: during 1960-1969
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...started off the Dutch coast, but the biggest pockets of gas are now thought to lie in the waters off Germany. Bonn's Ministry for Economic Affairs has more than 25 requests for permission to drill in German waters, including one by the German-American North Sea Consortium that includes Socony Mobil, Indiana Standard and Esso. The consortium is prepared to spend $25 million this year and next drilling for gas off the German coast, and will soon start to drill near the island of Borkum...
...Disputatious. The trouble is that the consortium already has permission to drill from the coastal states of Lower Saxony, Schleswig-Holstein, Hamburg and Bremen, whose right to grant such permission is now hotly disputed by Bonn. An even thornier question is how to divide mineral rights between Germany and Holland, as well as among Denmark, Norway and Great Britain, all of whom front on the North Sea. Hope that these five nations could deal objectively with the issue looks dim. "It seems to us that countries that in past ages have had only trouble from the sea," said Rotterdam...
Though many geologists are convinced that Australia's substratum contains plentiful oil, the continent has so far had only one big strike; it came 21 years ago in the Moonie fields of Queensland, where a consortium of Union, Kern County and Australian Oil & Gas hit a field that is expected to produce up to 10,000 bbl. per day this year. Actually, the searchers have lately been finding a great deal more natural gas than oil. Gas finds have been made in western Victoria, New South Wales and in South Australia. A combine made up of Delhi-Taylor...
...nine years, Robinson and Pacific Northwest, a consortium of four private power firms, have been seeking approval to build a $257 million, 670-ft.-high dam at Mountain Sheep in the middle reaches of the Snake River astride the Oregon-Idaho border. Competing with Pacific Northwest was the Washington Public Power Supply System, a group of 16 public utilities, which offered to build a comparable dam at Mountain Sheep or an even bigger one (800 ft. high and costing $369 million) farther north at Nez Perce. And bucking both was Interior Secretary Stewart Udall, who wanted the Federal Government...
...sources as the World Bank and the Latin American moneymen, who are normally wary of investing in their own homelands. So far, a dozen firms have pledged up to $500,000 each, including Italy's Fiat, Belgium's Petrofina, Switzerland's Swiss Bank Corp., a Japanese consortium, and the U.S.'s IBM and Standard...