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...killed the wrong man. For weeks the team had been tracking down the chief of European operations for Black September. They thought they would be led to him when they began following a Black September agent from southern Europe to Stockholm, then to Oslo and finally to a small Norwegian resort city, Lillehammer. There, in a public bath, the Septembrist approached another Arab, Ahmed Bouchiki, 30, who looked like the Black September chief. Realizing his mistake, the agent stammered an apology and left. Bouchiki sensed that he had been checked out for some purpose and later told his in-laws...

Author: /time Magazine | Title: TERRORISM: Fatal Error | 8/6/1973 | See Source »

...Under Norwegian law, only a royal male can inherit the throne...

Author: /time Magazine | Title: Milestones, Jul. 30, 1973 | 7/30/1973 | See Source »

...wrapped up a deal to pay $200 million for Manhattan-based Gimbel Brothers, one of the nation's oldest department store chains. Lloyds Bank of London plans to take over Los Angeles' First Western Bank & Trust Co. for $115 million. A battle has erupted between Norwegian Shipping Magnate Hilmar Reksten and Britain's P & O Steam Navigation Co. over Texas-based Zapata Corp., a shipping, oil and real estate conglomerate. In the midst of P & O's negotiations to buy Zapata's shipping subsidiary, Reksten weighed in two weeks ago with an offer...

Author: /time Magazine | Title: INVESTMENT: New Buy America Policy | 7/2/1973 | See Source »

...m.p.h. winds and 90-ft. waves presents a formidable technological challenge. Brown & Root, a U.S. construction firm, is helping to build two semisubmersible drilling platforms for British Petroleum in Scotland. They will be 700 ft. tall, about the size of the largest office building in Europe. A Norwegian firm is building for Phillips Petroleum a 1,000,000-bbl. at-sea storage tank with a double shell; the exterior is perforated to absorb the impact of the giant waves. This technology is so expensive that capital costs of drilling average 20 times higher than those encountered on land...

Author: /time Magazine | Title: OIL: The North Sea Rush | 5/14/1973 | See Source »

...area of the sea-in addition to its interest in the profits of British Petroleum, which is 48% owned by the crown. Norway will have to export the oil from its area, since the undersea terrain makes building a pipeline to Norway impossible. Two weeks ago, the Norwegian Parliament approved a proposal to pipe oil from its Ekofisk fields to Britain and gas to Germany. By 1980, sales of North Sea oil could be providing the equivalent of $100 annual income for every Norwegian. The Oslo government is trying to increase the take by insisting on a 50% interest...

Author: /time Magazine | Title: OIL: The North Sea Rush | 5/14/1973 | See Source »

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