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BUSINESS
January 28, 1992 | PATRICE APODACA, TIMES STAFF WRITER
Has the well run dry for Benton Oil & Gas Co.? In its four-year history, Oxnard-based Benton has become better known for its money-raising talents than for finding oil. Since its $3.2-million initial public offering in 1988, Benton has raised another $22 million through a patchwork of debt and equity issues--not bad for a concern that earned just $306,000 on $8.36 million in revenue in its latest nine-month period. Benton also had a $15-million working capital deficit as of Sept.
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WORLD
July 17, 2008 | Megan K. Stack and Borzou Daragahi, Times Staff Writers
About this series This is the second in a series of occasional stories looking at how skyrocketing oil prices are transforming lives in Southern California and around the world. -- The boom in world oil prices is bolstering autocratic governments in a handful of petroleum-rich countries, emboldening them to challenge U.S. objectives and weakening their own democratic movements.
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NEWS
November 16, 1991 | MICHAEL PARKS, TIMES STAFF WRITER
Russian Federation President Boris N. Yeltsin took over most of the Soviet Union's gold and diamond mining on Friday to help finance a program of radical economic reforms, then suspended oil exports to ensure enough fuel for the winter.
BUSINESS
October 16, 1997
Carpinteria-based Benton Oil & Gas Co. said its Russian joint venture, Geoilbent Ltd., has received loans valued at $65 million to start a drilling program on oil prospects in western Siberia.
BUSINESS
April 11, 1995 | Times Staff and Wire Reports
Exxon, Russia Reach Oil Deal: The largest U.S. oil company said it covers investment terms on a $15-billion project to develop giant oil and natural gas fields off Sakhalin Island. Terms were not disclosed. The move could give Russia's lawmakers an incentive to speed the passage of a law that would ease other Western oil companies' negotiations on similar fields. Irving, Tex.-based Exxon Corp.
BUSINESS
April 12, 1994 | From Times Staff and Wire Reports
Oil Companies to Explore Arctic Russia: Texaco, Exxon, Amoco and Norway's Norsk Hydro have formed a joint venture to search for oil in the Timan Pechora basin of Arctic Russia. The group, named Timan Pechora Co., expects to spend more than $100 million on a three-year appraisal of the area northeast of Moscow. The 2,847-square-mile area has an estimated 2 billion barrels of oil. The venture will operate in the area for 50 years.
BUSINESS
October 16, 1997
Carpinteria-based Benton Oil & Gas Co. said its Russian joint venture, Geoilbent Ltd., has received loans valued at $65 million to start a drilling program on oil prospects in western Siberia.
BUSINESS
October 24, 1992 | From Reuter
Three former Soviet republics have signed a contract with the Bechtel construction company and two other firms to build an oil pipeline stretching 500 miles across the Caucasus. A Bechtel spokesman said the $850-million pipeline will link the city of Grozny, near the Caspian Sea, to Novorossiysk on the Black Sea. The pipeline will be owned by the former Soviet republics of Russia, Kazakhstan and Azerbaijan as well as the Sultanate of Oman.
NEWS
September 13, 1991 | CAROL J. WILLIAMS, TIMES STAFF WRITER
Russian Federation President Boris N. Yeltsin flexed his expanding political muscle on Thursday by taking over control of his vast republic's government and nationalizing all energy facilities on Russian territory. With his decree making the Russian Council of Ministers subordinate to the presidency, Yeltsin put into law the broad powers conferred on him by the crumbling Soviet leadership since he defied a Communist coup attempt and spared the country another era of hard-line rule.
BUSINESS
April 11, 1995 | Times Staff and Wire Reports
Exxon, Russia Reach Oil Deal: The largest U.S. oil company said it covers investment terms on a $15-billion project to develop giant oil and natural gas fields off Sakhalin Island. Terms were not disclosed. The move could give Russia's lawmakers an incentive to speed the passage of a law that would ease other Western oil companies' negotiations on similar fields. Irving, Tex.-based Exxon Corp.
BUSINESS
April 14, 1994 | BETH KNOBEL
ISSUE: Russia, the world's largest energy exporter, is turning up the heat on countries that won't pay their power bills. Russia's cash-strapped neighbors in the Baltics and the Commonwealth of Independent States (CIS) are the worst offenders: Ukraine owes Russia nearly $3.5 billion for energy, including $900 million for natural gas; Belarus owes $240 million and tiny Latvia owes $23 million for Russian natural gas.
BUSINESS
April 12, 1994 | From Times Staff and Wire Reports
Oil Companies to Explore Arctic Russia: Texaco, Exxon, Amoco and Norway's Norsk Hydro have formed a joint venture to search for oil in the Timan Pechora basin of Arctic Russia. The group, named Timan Pechora Co., expects to spend more than $100 million on a three-year appraisal of the area northeast of Moscow. The 2,847-square-mile area has an estimated 2 billion barrels of oil. The venture will operate in the area for 50 years.
BUSINESS
April 13, 1993 | JACK SEARLES
Despite Boris N. Yeltsin's political troubles, two Ventura County companies have successfully taken major steps in separate oil-related deals in Russia and other parts of the former Soviet Union. Both firms--Oxnard-based Benton Oil and Gas Co. and Oil Country Manufacturing Inc. of Ventura--say they have encountered no new hurdles in connection with the turmoil besetting Yeltsin's Russian regime.
BUSINESS
October 24, 1992 | From Reuter
Three former Soviet republics have signed a contract with the Bechtel construction company and two other firms to build an oil pipeline stretching 500 miles across the Caucasus. A Bechtel spokesman said the $850-million pipeline will link the city of Grozny, near the Caspian Sea, to Novorossiysk on the Black Sea. The pipeline will be owned by the former Soviet republics of Russia, Kazakhstan and Azerbaijan as well as the Sultanate of Oman.
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