Flashcards in Oil & Gas Industry History Deck (99):
George Bissel visits oil springs in western Pennsylvania
“Colonel” Drake drills first well at Titusville
American Civil War
John D. Rockefeller forms Standard Oil Company
South Improvement Company stirs war in the Oil Regions
Rockefeller launches “Our Plan.”
Baku oil opened to development
Nobel Family enters Russian oil business
Thomas Edison demonstrates electricity
Standard Oil Trust Formed
Rothschilds enter Russian oil business
Royal Dutch discovers oil in Sumatra
Marcus Samuel sends the Murex through the Suez Canal; beginning of Shell
Henry Ford builds his first car
William Knox D’Arcy acquires a concession in Persia
Gusher at Spindletop in Texas; beginning of Sun, Texico, Gulf.
Ida Tarbell’s History of Standard Oil Company serialized in McClare’s
Wright Brothers’ first flight
Japan defeats Russia
Revolution of 1905 in Russia; Baku oil fields ablaze
Glenn Poo discovered in Oklahoma
Shell and Royal Dutch combined under Henri Deterding
First drive-in gasoline station opens in St. Louis
Discovery of oil in Perisa; leads to Anglo-Persian (later British Petroleum)
“Golden Lane” discovered in Mexico
Agadir Crisis. Churchill becomes First Lord Admirality
U.S. Supreme Court orders dissolution of Standard Oil Trust
Burton “cracking” process for refining patented
British government acquires 51 percent of Anglo-Persian Oil Company
World War I and mechanization of the battlefield
Negotiation on the Turkish (Iraq) Petroleum Company, leading to the “Red Line Agreement”
Los Barroso discovery in Venezuela
Teapot Dome Scandal erupts
World oil glut leads to meeting at Achnacarry Castle and “As-Is” agreement
French petroleum law
Stock market collapse heralds Great Depression
Dad Joiner’s discovery in East Texas
Japan invades Manchuria
Discovery of oil in Bahrain
Shah Reza Pahlavi cancels the Anglo-Iranian concession; Anglo-Iranian wins it back.
Franklin Roosevelt becomes President of the United States
Adolf Hitler becomes Chancellor of Germany
Standard of California wins concession in Saudi-Arabia
Gulf and Anglo-Iranian gain joint concession in Kuwait
Mussolini invades Ethiopia; League of Nations fails to impose oil embargo.
Hitler remilitarizes Rhineland and begins preparations for war, including a major synthetic fuels program.
Japan begins war in China.
Oil discovered in Kuwait and Saudi Arabia.
Mexico nationalizes foreign oil companies.
World War II begins with German invasion of Poland.
Germany overruns Western Europe.
United States puts limits on gasoline exports to Japan.
Germany invades Soviet Union (June).
Japanese takeover of Southern Indochina leads United States, Britain and Netherlands to embargo oil to Japan (July).
Japan Attacks Pearl Harbor (Dec.).
Battle of Midway (July).
Battle of El Alamein (September).
Battle of Stalingrad (Begins November).
The first “fifty-fifty” deal in Venezuela.
Allies win Battle of the Atlantic.
Normandy landing (June).
Patton runs out of gas (August).
Battle of Leyte Gulf, Philippines (October).
World War II ends with defeat of Germany and Japan.
Marshall Plan for Western Europe.
Construction begins on Tapline for Saudi Oil.
Standard of New Jersey (Exxon) and Socony-Vacuum (Mobil) join Standard of California (Chevron) and Texaco in Aramco.
Israel declares independence.
Neutral Zone concessions to Aminoil and J. Paul Getty.
Fifty-fifty deal between Aramco and Saudi Arabia.
Mossadegh Nationalizes Anglo-Iranian in Iran (first postwar oil crisis).
New Jersey Turnpike opens.
First Holiday Inn opens.
Mossahegh falls; Shah returns.
Iranian Consortium established.
Soviet oil export campaign begins.
First McDonald’s opens in suburban Chicago.
Suez Crisis (second postwar oil crisis).
Oil discovered in Algeria and Nigeria.
European Economic Community established.
Enrico Mattei’s deal with the Shah.
Japan’s Arabian Oil Company wins Neutral Zone offshore concession.
Eisenhower imposes import quotas.
Arab Petroleum Congress in Cairo
Groningen natural gas field discovered in Netherlands.
Zelten field discovered in Libya
OPEC founded in Baghdad.
Iraqi attempt to swallow Kuwait frustrated by British troops.
Vietnam War buildup.
Six Day War, Suez Canal closed (Third postwar oil crisis).
Oil discovered on Alaska’s North Slope.
Ba’thists seize power in Iraq
Qaddafi seizes power in Libya.
Oil discovered in the North Sea.
Santa Barbara oil spill.
Libya “squeezes” oil companies.
Shah’s Persepolis celebration.
Britain withdraws military force from Gulf.
Club of Rome study.
Yom Kippur War; Arab Oil embargo (forth postwar oil crisis).
Oil price rises from $2.90 per barrel (September) to $11.65 (December).
Alaskan pipeline approved.
Watergate scandal widens.
Arab Embargo Ends.
International Energy Agency (IEA) founded.
Automobile fuel efficiency standards established in the United States.
First oil comes ashore from North Sea.
South Vietnam falls to communists.
Saudi, Kuwaiti, and Venezuelan concessions come to an end.
North Slope Alaskan oil comes to market.
Buildup of Mexican production.
Anwar Sadat goes to Israel.
Anti-Shah demonstrations, strikes by oil workers in Iran.
Shah goes into exile; Anaytollah Khomeini takes power.
Three Mile Island nuclear plant accident.
Iran takes hostages at U.S. Embassy.
Panic Sends oil from $13 to $34 a barrel (fifth postwar oil crisis).
Iraq launches war against Iran.
OPEC’s first quotas.
OPEC cuts price to $29.
Nymex launches the crude oil futures contract.
Mikhail Gorbachev becomes leader of Soviet Union.
Oil Price collapse.
Chernobyl nuclear accident in USSR.
Ceasefire in Iran-Iraq War.
Exxon Valdez tanker accident off Alaska.
Berlin Wall falls; communism collapses in Eastern Europe.
Iraq invades Kuwait.
UN imposes embargo on Iraq; multinational force dispatches to Middle East (sixth postwar oil crises).
Kuwait oil fields set afire.
Collapse of Soviet Union
Maastricht Treaty provides for Single European currency.
U.S. Congress approves North America Free Trade Agreement
Internet users reach 16 million
Asian Financial Crisis Begins
Kyoto Protocol on Climate Change
Oil collapses to $10 a barrel range
Financial crisis spreads-Russia defaults
Consolidation among oil majors
Vladimir Putin elected Russia’s president
Dot-com boom begins collapse
PetroChina first of Chinese oil company IPOs
Prius hybrid comes on sale in U.S.
9/11–Al-Quaeda attacks World Trade Center and Pentagon
War in Afghanistan begins
Strikes and political conflict disrupt Venezuela oil output
War in Iraq begins–Iraqi oil disrupted.
World oil demand jumps on strong global economic growth, tightening market.
National oil companies (NOCs) move to the fore
U.S. mandates ethanol in gasoline
Baku-Tbilisi-Ceyhan pipeline begins operations, linking Caspian and Mediterranean Seas
President Bush calls for end to “addiction to oil”
“Tupi”-first major discovery in new Brazilian offshore oil province
First UN sanctions aimed at Iranian nuclear program
Credit crisis begins in the U.S.
Chinese auto sales exceed 7 million