Word: rieber
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...Chairman Rieber did not buy the Barco concession itself. What he bought and now shares with Socony is all of the stock in a Gulf subsidiary which in turn owns 79% of the stock in a company called Colombian Petroleum. The other 21% of Colombian Petroleum is still held by Carib Syndicate. In the highly involved concession arrangement both Colombian Petroleum and the Gulf subsidiary are the concessionaires, each being responsible for the other's obligations, which include a prescribed amount of well-drilling and, after potential production has reached about 20,000 bbl. per day, the building...
Show Downs. The first thing in his life that Torkild Rieber set his mind upon was his own career. Born in a little town called Voss in the interior of Norway, he went to sea at 14, thereby upsetting the future plotted for him by his father, a progressive woolen manufacturer who expected to rear his eldest son in the family business. Son Torkild learned seamanship in sailing vessels, passed his examination for a master's ticket at 19, got his first command at 21. It was a sailing vessel and, more important, an oil tanker...
...bridge of a steam tanker Captain Rieber sailed into Texaco in 1905, the company having bought the vessel he commanded. For four years he sailed for Texaco, was brought ashore to superintend the conversion of a peach orchard in Bayonne, N. J. into a great Texaco terminal. Today such a job would probably be given to a trained engineer. At that time it was given to Captain Rieber because he had horse sense, a command of men and the driving force of a triple-expansion engine...
Last week Texas Corp.'s Chairman Torkild Rieber confirmed reports that Socony-Vacuum Oil Co. and Texas Corp. were jointly negotiating with Gulf. Said Mr. Rieber: "Socony-Vacuum and the Texas Corp. will participate equally in this purchase and will proceed at once with the exploration and development of the territory...
...went back to Texaco as vice president in charge of shipping and exporting. Not even in a company with the rugged tradition of Texaco was there room for two such rugged individuals as Torkild Rieber and Texaco's President Ralph Clinton Holmes. President Holmes, being the less rugged, was forced out in 1933. To make the break less apparent Charles Bismark Ames was made board chairman, allowed to run the company until he died last month. Last week, when Torkild Rieber, who wears rough brown suits and still speaks with an accent, assumed the chairmanship in Manhattan...