Word: gulf
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Dates: during 1960-1969
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...republic of South Yemen, where the Russians have their eye on the former British naval installation at Aden; the installation not only controls entry to the Red Sea but is an ideal base from which to expand influence into the oil-rich sheikdoms of the Persian Gulf. The Soviets may also be able to use the facilities of the big British naval base at Singapore, which Prime Minister Lee Kuan Yew has said he will rent to all comers after the Royal Navy pulls out in 1971. The big question in the Mediterranean is whether the Russians will move into...
...Orito field in Putumayo is 193 miles from the Pacific port of Tumaco, and in between loom the Andes mountains, requiring a pipeline rising to 11,450 ft. Because of the physical difficulties, development costs became prohibitive for Texaco alone, so the company formed a fifty-fifty partnership with Gulf, which supplied the necessary capital boost while Texaco handled the exploration. The project was christened "Operation Hannibal...
...ground, work is frustrating for the 300 native laborers and their supervisors. Bulldozers slop through red clay so slippery that they have to winch their way downhill as well as up. The biggest challenge is laying the pipeline, which will cost Texaco and Gulf about $50 million. Machete-wielding workers are helicoptered into the jungle to clear the land for the disassembled bulldozers that follow. Then pipe is dropped in. Four 3,600-h.p. diesel pumping stations are being constructed to boost the oil up the mountain...
...Colombia, the Texaco-Gulf project is a chance to inject much-needed income into the economy while easing its dependence on coffee, which currently accounts for 60% of the country's export earnings. For the two companies, which decline to estimate the total value of the Putumayo find, the project may initiate a far-ranging cooperative exploratory effort. Texaco and Gulf have already staked a claim on 5,000,000 acres in neighboring Ecuador, where last spring they discovered a rich oil field. Geologists, moreover, venture that the Colombia-Ecuador finds are only the beginning, and that much more...
...international waters off China, North Korea and the Soviet Union, Russian trawlers are stationed off California, South Carolina, Florida's Cape Kennedy, Guam and Alaska. A Soviet spy ship dogs every move of U.S. aircraft carriers on "Yankee Station," the 45,000-sq.-mi. area of the Tonkin Gulf from which American air strikes over North Viet Nam originate, flashing alerts to Hanoi. Other Russian ELINT ships shadow the U.S. Sixth Fleet in the Mediterranean...