Word: richfield
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...efforts are the largest CO2 projects ever. In one, Exxon Corp. and Atlantic Richfield Co. are the major investors in a $350 million, 405-mile underground line that is to begin piping the gas this spring. In the second, Shell Oil Co. and Mobil Oil Corp. are building a 500-mile system that will cost a total of about $1.2 billion. That system, in which Continental Resources Co. also has an interest, is to be finished in the third quarter of next year. The Shell-Mobil project alone could coax out an extra 280 million bbl. and boost output...
...electronic cottage predict that it will once again enable people to find community where they once did: in their communities. Continental Illinois Bank, for one, has opened a suburban "satellite work station" that gets employees out of the house but not all the way downtown. Ford, Atlantic Richfield and Merrill Lynch have found that teleconferencing can reach far more people for far less money than traditional sales conferences...
...TIME again asked its news bureaus for lists of people outside politics who might be presidential. The exercise yielded a national total of only 21 names. Among them: two former astronauts, Frank Borman, president of Eastern Airlines, and Neil Armstrong, oil-equipment executive; Chairman Robert O. Anderson of Atlantic Richfield; Lee lacocca of Chrysler; James Bere of Borg-Warner; Thomas Wyman of CBS; President Hanna Gray, University of Chicago; Marvin Goldberger, Caltech; Bartlett Giamatti of Yale; and, inevitably, Walter Cronkite...
Previous $1 million grants have come from Atlantic Richfield and from an alumnus, Frank Weill...
...those natural polluters, the Atlantic Richfield Co. (ARCO) ordered up two pyramidal traps, the first of which was installed a fortnight ago. Placed over an area with a large concentration of leeps, they will sit on the sea floor like upside-down funnels, collecting gas and oil. The natural gas is siphoned off through a 6-in.-wide pipe that runs along the ocean bottom to shore. The oil will be stored in tanks within the pyramids and periodically emptied by ships. The project is expected to yield...