Word: richfield
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Dates: during 1980-1989
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...story office tower that was once the tallest building between New York City and Chicago. Last week the 52-year-old landmark was pumping out a veritable gusher of rumors and speculation. The excited talk was caused by the arrival in Pittsburgh of Robert O. Anderson, chairman of Atlantic Richfield, and George M. Keller, who runs Standard Oil of California. The purpose of their separate visits: to determine, in meetings with Gulf Chairman James E. Lee, if deals could be arranged to buy Gulf, the U.S.'s fifth-largest oil company. A Gulf purchase by either firm could easily...
...Navaho Indians in Arizona and New Mexico successfully negotiated with Atlantic Richfield to turn an initial $300,000 ARCO offer for right-of-way to build a pipeline across their land into a contract that will bring the tribe $78 million over the next 20 years...
Except for the shooting area, finally settled in San Bernardino County, every venue has been set up on schedule and under budget. Several have staged dress rehearsals and checked out smartly. The Atlantic Richfield Co. funded $5 million in improvements to the 60-year-old Coliseum (Olympic capacity: 92,516), including a state-of-the-art synthetic track of German-made red Rekortan. Lacking the three to five years for the soft surface to shake down, the committee has been vacuuming up excess granules...
...billion bbl., which would make them perhaps the equal of the North Sea field. But for technical and political reasons China cannot maintain production from its existing wells, much less develop these huge crude reserves by itself. Last year China signed a separate joint-development contract with Atlantic Richfield, which has already begun test drilling in a 3,500-sq.-mi. block off the coast of Viet...
When Atlantic Richfield Co. decided a year ago to eliminate credit cards and cut its gasoline prices by 30 per gal., competitors snickered. After all, 25% of drivers buy gasoline on credit. But when Arco's volume started zooming upward, the competition quickly retaliated. Exxon and Amoco, two of the nation's largest marketers, announced a discount-for-cash policy. And Shell counterattacked by accepting credit cards from Arco holders and converting them into Shell customers...