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Peru, which would receive some 45% of the oil revenues from a Mobil find, agreed to provide security for company crews and to fly them to remote sites aboard military helicopters. Peru furnished similar services to Occidental Petroleum, which recently completed a yearlong exploration of a less dangerous region about...

Author: /time Magazine | Title: ENERGY: How Grim Was My Valley | 2/12/1990 | See Source »

Cain's rise began in 1987 when his company added to its string of petrochemical plants, buying at bargain prices. Sterling and its partners gambled $1 billion on these plants, which were assembled into a single firm known as Cain Chemical. Last year Sterling sold the package to Occidental Petroleum...

Author: /time Magazine | Title: FINANCIERS: An Able Cain Makes a Killing | 7/3/1989 | See Source »

Given this feverish interest in China, it was inevitable that Occidental travelers would add their own speculations about the People's Republic. Two years ago, Mark Salzman wrote Iron and Silk, a recollection of his years as an English teacher in Changsha. Next spring he will produce a novel, tentatively...

Author: /time Magazine | Title: Books: Full Circle | 5/1/1989 | See Source »

But many student athletes, whose efforts make this bonanza possible, spend their college years scrimping to make ends meet. A large number of these players are black and look on basketball as their one chance to escape from poverty. But the path to the National Basketball Association, where annual salaries...

Author: /time Magazine | Title: Education: College Sport...Foul! | 4/3/1989 | See Source »

The British government promised a thorough inquiry, as did the Piper Alpha's owner, Los Angeles-based Occidental Petroleum Corp. After the accident, Occidental promptly shut down the pipeline that services Piper Alpha and five other platforms, thereby temporarily cutting British North Sea oil production by 12.9%. The losses in...

Author: /time Magazine | Title: Disaster Screaming Like a Banshee | 7/18/1988 | See Source »

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