Word: consortiums
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Expanding Mass. The management of Union Oil Co. was understandably reticent about divulging fully what went wrong on Platform A, which it managed in consortium with Gulf, Mobil and Texaco. After getting permission to cut some corners from the U.S. Geological Survey, an arm of the Interior Department that has the responsibility of enforcing federal laws governing drilling, Union Oil went ahead and drilled A21. Having burrowed down 3,500 ft. below the ocean floor, the riggers than began to retrieve the pipe in order to replace a drill bit. At a point during the withdrawal, the drilling "mud," which...
...examine Harvard's investment policies to assess the degree to which these policies retard or promote the economic development of the black people and racial equality in America, with a view to stimulating black economic development in ways analogous to the investment program recently announced by the consortium of American foundations...
...information and opinion." Last week, in an unprecedented ruling, the FCC denied renewal of the license of Boston's WHDH-TV, which is owned (along with AM and FM radio stations) by the Herald-Traveler Corp. Taking over the CBS-affiliated channel will be Boston Broadcasters Inc., a consortium of 30 Boston businessmen and Cambridge intellectuals...
Last week the U.S. announced it was making available to a consortium of church relief groups four giant C-97 Stratofreighter cargo planes, and another four to the International Red Cross. The relief groups will get the aircraft-each capable of hauling 18 tons of cargo-at the bargain price of about $4,000 apiece, with the proviso that the planes are to be used exclusively for shipment of food and medical supplies to noncombatants. The decision to make the planes available was the result of pleas by a number of private individuals and church organizations. Also crucial was Senator...
...increasing and reserves decreasing, oilmen decided to take advantage of a state auction of North Slope oil leases. Companies like Sinclair, British Petroleum, Union Oil and Atlantic-Richfield spudded about 30 wells and came up with nothing worthwhile. Then, after drilling through the permafrost to 9,500 ft., a consortium of Atlantic-Richfield and Humble Oil last spring brought in a well named Prudhoe Bay State No. 1. When high-grade oil in sufficient flow was located seven miles away at a second well, Sag River State No. 1, oilmen knew that they had struck a major field...