Word: esso
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Dates: during 1960-1969
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Meanwhile, the leftward lurch continues. The island's new chief source of oil is the Soviet bloc, following the seizure of three U.S. and British firms (Esso, Caltex, Burmah-Shell) and the creation of a government oil combine. The Western companies have not been paid a cent for their properties worth $29.5 million; as a result, the U.S. has canceled further economic aid to Ceylon after doling out a yearly average of $7.5 million over the last decade...
...Union Oil, Esso Argentina, Pan American Argentina (Standard Oil of Indiana), Continental Oil, Cities Service Development Co., Kerr McGee, Marathon Petroleum, Tennessee Argentina (Tennessee Gas Transmission Co.), Southeastern Drilling...
Though The Netherlands was long thought to have no natural resources to speak of, promising pockets of gas were discovered by Esso and Shell on the mainland four years ago in the course of a search for oil. The Dutch government, shrewdly invoking a vague Napoleonic law of 1810 that claims all underground natural resources as state property, forced the two oil companies into a state-dominated consortium called NAM (for Nederlandsche Aardolie Maatschappij). The government takes 73% of its income, leaves 27% for Esso and Shell, and so far has granted every natural gas concession to NAM. Lately rumors...
That some of the fees paid by Y.P.F. for drilling have been too high was tacitly conceded by Kerr McGee in last week's new contract, which calls for a fee of $16 per meter drilled, v. up to $26 in the old deals. But companies (such as Esso, Shell, Marathon) that got contracts to prospect point out that they have invested $60 million more than they got back...
...million Americans aged two to twelve strongly influence the spending of one consumer dollar in seven, and affect family purchases of everything from cars to soap. "Once children become impressed," sighs a Chicago advertising executive, "they are very successful naggers." Buy Me a Mushroom. To impress its Esso trademark on the youngsters, Humble Oil mails out thousands of bird houses, coloring books and popsicle molds among its "gifts of the month." Norge stimulated appliance sales by offering a free children's tent with every purchase. Supermarkets have found that young children, who accompany mothers on 33% of shopping trips...