Word: gulf
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Dates: during 1950-1959
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...funds and other institutional investors, found all of them were deep blue chips. At the head of the list was Standard Oil (N.J.), which was held in 506 portfolios. The others: General Electric (417 portfolios); E.I. du Pont (393); Union Carbide (391); American Telephone & Telegraph (387); General Motors (360); Gulf Oil (341); Westinghouse Electric (334); Texas Co. (319); Kennecott Copper (301); Phillips Petroleum (282); Socony-Vacuum (269); American Gas & Electric (269); Standard Oil of California (264); Sears, Roebuck...
...fashionable sport of skin diving has been taken up, rubber flippers, aqualungs and all, by serious geologists. Last week Magnolia Petroleum Co. told how its geological skin divers swim along the bottom of the Gulf of Mexico looking for information that will help find pools...
Under the supervision of Ivan Alexander, Magnolia's exploration chief, four full-fledged geologists and two technicians practiced skin diving until they could pass the Navy's test for frogmen. Then, led by Dr. Daniel Feray, they embarked on the Gulf in a converted shrimp boat, went overboard and flapped along the bottom. Working in water up to 65 ft. deep off eastern Texas, they picked up samples of sediments, gathered sea creatures, e.g., sand dollars and mud-living worms, and studied the growth of marine vegetation. They pursued and captured in glass jars the bubbles of natural...
...Gulf are not very different from their fossil ancestors. Each species has its preference for sand, mud or shell bottom. If scientific frogmen learn enough about the modern sea creatures, they may be able to use their forebears in the deep rocks to point where a reef or sand bar (now saturated with oil) lies hidden not far away...
Four years ago, Esso France-63% owned by Standard Oil Co. (N.J.), 18% by Gulf Oil Corp., 19% by French individuals-got permission from the French government to explore 4,300,000 acres of Les Landes. In exchange, the company agreed to give the French government 10% of the stock in any exploitation company. The venture started inauspiciously. The first well 30 miles south of Bordeaux was dry. Then the rig was moved to the village of Parentis (pop. 998), about 44 miles southwest of Bordeaux...