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...kangaroos. More than 100 companies and syndicates now hold permits to look for oil in Australia. Such firms as Union Oil of California, Shell, Texaco, Delhi-Taylor and Kern County Land have so far drilled more than 700 wells, and four months ago Jersey Standard set up Esso Exploration Australia as a preliminary to joining the hunt. Last week two other big U.S. oil companies, Sun Oil and Continental Oil, entered the search, establishing a venture called Australian...

Author: /time Magazine | Title: Australia: Oil in the Bush | 4/10/1964 | See Source »

This week the Senate is expected to confirm the newly appointed commissioner of patents, the 39th since the days when Secretary of State Thomas Jefferson personally handled the 200 applications made by Americans each year. He is Edward J. Brenner, 40, a reserved, rugged patent attorney and engineer for Esso, who will need all his own inventiveness to keep from foundering in a morass of words, charts and pictures...

Author: /time Magazine | Title: Patents: Reform Pending | 2/28/1964 | See Source »

Among corporations, General Electric holds the most (12,000), followed by A.T. & T., RCA, Esso, Westinghouse and Du Pont. The individuals who hold the most patents are also connected with corporations: Raytheon Scientist Percy Spencer alone holds 225, and Polaroid's chairman, Dr. Edwin Land, has well over...

Author: /time Magazine | Title: Patents: Reform Pending | 2/28/1964 | See Source »

...took his evidence to Brazil's President Joao Goulart. When word leaked out, a newspaper article appeared with statements accusing the general himself of engineering a "major underhanded deal" involving the purchase of $200 million worth of oil from "a large petroleum company"-later identified as U.S.-owned Esso Brasileira. Silva, said a union-nominated director, was a "docile agent" of the Yankee oilmen...

Author: /time Magazine | Title: Brazil: The Mess at Petrobras | 2/21/1964 | See Source »

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...

Author: /time Magazine | Title: Ceylon: Leftward Lurch | 1/17/1964 | See Source »

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