Word: oilmen
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Dates: during 1960-1969
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...after eleven years of test-drilling, a Dutch oil company jointly owned by Shell and Jersey Standard finally hit natural gas under the muddy reclaimed soil of The Netherlands' north eastern province of Groningen. How big the fields were neither the oilmen nor the government ever felt moved to disclose. But fortnight ago. coming before Parliament to ask authority to tap the fields. Economics Minister Jan De Pous at last let the gas out of the bag. The Netherlands' known reserves of natural gas. he reported, amounted to at least 350 billion cubic meters-more than the combined...
Because of the worldwide oil glut and Iraq's shortage of skilled technicians, some Western oilmen insist that Kassem's venture is foredoomed to failure. But unlike Iran's Mossadegh. Kassem has prudently allowed the foreign oil company to continue production, thus assuring himself of a continuing income while he dickers for help in getting his own company on its feet. And help may not be hard to find. The Soviet Union might aid Kassem simply for political advantage. And in Rome sits hawk-faced Enrico Mattei, boss of Italy's state petroleum monopoly, who delights...
last week threw down the boldest chal lenge to Western oilmen since Iran's Mohammed Mossadegh expropriated the Anglo-Iranian Oil Co. in 1951. Kassem's move : the establishment of a government-owned company to produce and market Iraqi...
...Truman supporter, and during the Eisenhower Administration just as strongly against Ike. But basically, his politics are neither right nor left but as bouncy as a pingpong ball. His heart pings mightily when it comes to preserving the 27½% oil depletion allowance, so dear to the pocketbooks of oilmen, and it ponged in support of the President's campaign to retain foreign aid to Poland and Yugoslavia. But he has crossed Jack Kennedy 6ften in recent months, and in fact, has voted pro-Kennedy only 59% of the time. Still, some people regard him as an easy-money...
Texaco raised its quarterly dividend from 40? to 45? on the strength of a 7% profits gain (to a record $115 million), and Shell Oil's earnings increased 10% to $38 million. Heartened by April's climb in gasoline prices, oilmen predicted continued gains for the second quarter. In a few industries, a combination of overcapacity, intense competition and high costs produced a less uniformly rosy picture. Among them...