Word: shells
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Dates: during 1990-1999
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...restrain prices. After being admonished by Bush last August to refrain from profiteering at the gasoline pump, Big Oil has become mindful of its image and eager to forestall congressional moves to pass a windfall-profits tax. When the gulf fighting started, such energy giants as Chevron, Mobil and Shell pledged to freeze gasoline prices at company-owned stations. (The U.S. average for regular unleaded fuel was $1.24 per gal. as the war broke out, in contrast to $1.01 last August, just before the Iraqi invasion.) Shell, Exxon and other firms later cut their wholesale prices about 5 cents...
Most Successful Product That Grownups Don't Understand Those irrepressible reptiles, the Teenage Mutant Ninja Turtles, inspired children and their parents to shell out more than $1 billion to see the cold-blooded heroes on the big screen and bring home such turtle tie-ins as video games and breakfast cereal. In 1990 a guaranteed way to start a conversation with an eight-year- old was to ask "Which turtle...
...Conoco, Occidental, Texaco and Shell, every major international oil company has joined the hunt, which has turned the blue-green waters off the coast of Louisiana and Texas into one of the busiest exploration areas in North America. Even Petrobras, the national oil company of Brazil and a deep- drilling pioneer, has established a Houston-based subsidiary to get in on the action. The lure of the Gulf is irresistible: estimated oil reserves of up to 36 billion bbl., nearly four times as much as in Alaska's Prudhoe Bay. Companies have snapped up nearly 1,700 federal drilling leases...
...equally huge project is Shell's $500 million Bullwinkle platform, 130 km (80 miles) off the Louisiana coast. Standing 162 stories high -- taller by 49 m (161 ft.) than Chicago's Sears Tower -- it looms like a gigantic iceberg in 412 m (1,353 ft.) of water, only its top-deck production facilities visible above the water. Chevron is planning a big project nearby. Southeast of New Orleans, Exxon is operating a 110-story platform, and a few miles away British Petroleum is erecting its own 100-story behemoth...
...current projects are only the beginning. "The real potential lies farther and deeper offshore," says Roger Abel, Conoco's general manager for production engineering. "The big easies have all been found." Shell is investing $1.3 billion to build and install a tension-leg platform some 411 km (255 miles) southeast of Houston that will retrieve oil from a world-record depth of 872 m (2,860 ft.). Called Auger, the giant is scheduled to begin producing from 32 wells in 1993. Shell has also drilled an exploratory well at a 2,300-m (7,500-ft.) depth, and Mobil...