Word: oiled
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Dates: during 1960-1969
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Pressure on Oil. Under such circumstances, the talks on resuming the flights remained stalemated-as does virtually everything else about the two-year-old war. Neither army is able to mount a consistent offensive. Pope Paul, during his African visit, was unable to bring Ojukwu and Nigeria's leader, General Yakubu Gowon, to a bargaining table. Neither were Harold Wilson, Charles de Gaulle or Haile Selassie, who heads the Organization of African Unity, which meets next month in Addis Ababa to discuss...
...secure independence in any peace discussions, Ojukwu is relying on a strategy designed to embarrass Gowon. With sizable oilfields in the Port Harcourt area and in the mid-western region, Nigeria ranks as the world's 13th oil nation in terms of annual output (anticipated 1969 production: 255 million barrels). By attacking the oilfields, Biafra hopes to press the companies (Gulf, Phillips, Shell, British Petroleum and Italian Agip Nucleare) to talk Gowon into negotiations. Though Nigerian officials admit that oil production has dropped 60,000 barrels a day because of the war, the oilmen insist that they have...
...project will tap an estimated 10 trillion cu. ft. of natural gas under 60,000 acres largely controlled by the Texas-based Austral Oil Co., which is paying 80% of Rulison's initial cost of $6,500,000. (Austral has contracted to sell the Rulison gas to the Colorado Interstate Gas Company). No one denies that the blast could be dangerous. To avoid injury from possible shockwave damage, 35 families living within five miles of ground zero will be evacuated. Residents up to nine miles away have been warned to stay outside of buildings; miners within a distance...
Last week a group of top corporate officials resolved to confess, repent and reform. They formed the Construction Users' Anti-Inflation Roundtable -quickly nicknamed "Roger's Roundtable" because it is headed by Roger M. Blough, retired chairman of U.S. Steel. It includes executives of General Motors, Standard Oil (N.J.), General Electric, Union Carbide...
Natomas Co. would not seem to be the ideal speculative stock. About 80% of its revenues come from the lackluster shipping industry. With its 37% stake in oil concessions in the ocean off the Indonesian island of Java, and a 68% stake in a concession off Sumatra, the company may yet become an important oil producer. But, as officials of San Francisco-based Natomas concede, no one knows how much oil will be found in either field...