Word: texaco
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...need for power grows. Right now, the biggest, the most expensive and the most melodramatic search is taking place in Europe's North Sea. Convinced that the North Sea covers the world's biggest bubble of natural gas, such major oil companies as Esso, Shell, Texaco and British Petroleum are scrambling to win a share of it, plan to spend $100 million on exploration and test drilling in the next three years. The stakes are so great (billions of dollars in gas sales to the Common Market) that last week the question of who owns the gas caused...
...than $45 million sending drill and rig out across its vast uncharted continent, often to the amazement of its aborigines and the terror of its kangaroos. More than 100 companies and syndicates now hold permits to look for oil in Australia. Such firms as Union Oil of California, Shell, Texaco, Delhi-Taylor and Kern County Land have so far drilled more than 700 wells, and four months ago Jersey Standard set up Esso Exploration Australia as a preliminary to joining the hunt. Last week two other big U.S. oil companies, Sun Oil and Continental Oil, entered the search, establishing...
...which now has little to do with corn, has simplified its name to Girard Trust Co. Many boards of directors are persuaded to drop regional or national names as their firms' international business increases; the Texas Co. adopted the name of the gas it markets, becoming just plain Texaco, and no one can blame the Cuban-American Sugar Co. for making a post-Castro change in its name to North American Sugar Industries...
OILS 1962 1963 California Standard $313.8 $322 Ohio Standard 24.2 33.9 Phillips 106.9 114 Texaco 481.7 545.7 Union of California...
...main island of Trinidad, Williams' Industrial Development Corp. recently celebrated the opening of the 100th factory attracted by tax incentives. And last July Texaco demonstrated its confidence in the new nation by moving its Latin American headquarters from Caracas to oil-rich Trinidad...