Word: oilmen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
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...
Last week a band of oilmen said that they will build the biggest line of them all: a yard-wide pipe that, when it is completed late next year, will pump gasoline, kerosene, furnace oil and diesel fuel over 1,600 miles from Houston to New York's Staten Island and to 1,000 miles of spur lines in between. The $350 million pipe, biggest privately financed construction job in history, will be bankrolled by nine oil majors. They are: American Oil, Cities Service, Continental, Gulf, Phillips, Pure Oil, Sinclair, Socony Mobil and Texaco...
...oilmen, the line will reduce the higher costs of shipping by sea and will tap growing markets in cities that present pipelines skirt. It will also have more immediate effects on the U.S. economy. The builders will order 500,000 tons of steel (for about $100 million) and $100 million worth of pumps, generators and other finished gear...
Died. Walter Clark Teagle, 83, former president and board chairman of Standard Oil of New Jersey, a brilliant industrial strategist with the bulldog build and weatherbeaten face of an oilfield rousta bout; after a long illness; in Byram, Conn. The son and grandson of wealthy oilmen, Teagle rebuilt Standard after it was fragmented by a court decree in 1911, before he retired in 1942 mapped the overseas operations that made the company a world power in oil, but spared enough attention from his headlong expansion of Standard to pioneer in worker representation on refinery councils and (in 1915) the eight...
...Oilmen's "mud," which is actually a suspension of clay and various chemicals in water, differs in formula depending on whether it is being used to lubricate a drill bit, float rock chips out of the way of the bit, or seal a shaft against blast. To plug a well, "weighted mud" of powdered clay and barium sulfates mixed to the consistency of cake batter is used...