On Thu, 09 Sep 2004 20:54:16 +0200, Charles D. Bohne <Spam@PasoSchweiz.de>
wrote:
>More than three-quarters of Europeans surveyed in 10 countries by the
>German Marshall Fund of the US said they disapproved of President Bush's
>international actions, 20% more than two years ago.
Perhaps they should go to war with the Netherlands, who put George Bush in
power and will also make assure Kerry beats the Royal Dutch Shell drum as it
beat onward to fascism and extinction for the human race, while controlling
the US government.
http://www.nv.doe.gov/about/bn.htm
http://www.bechtel.com/newsarticles/129.asp
Shell and Bechtel Enterprises Complete Deal to Expand InterGen Joint Venture
Aligning Power Generation with Marketing and Trading (12/12/2000)
BOSTON, December 12, 2000 - The Royal Dutch/Shell Group and Bechtel
Enterprises Holdings, Inc. announced the completion of the agreement to
expand the scope of their InterGen joint venture. The agreement broadens
InterGen's asset portfolio, enhances value through shareholder strengths,
and aligns Shell's energy marketing and trading worldwide with InterGen's
position as a global leader in power generation development.
As a result of the agreement the majority of the natural gas pipeline,
storage, and power generation assets of Shell's Coral Energy affiliate in
the United States will be transferred to InterGen. The alignment of assets
will be strengthened with marketing and trading in North America, through
InterGen's ownership of a 30 percent equity interest in Coral Energy, the
region's fifth largest natural gas marketer and 19th largest power marketer.
Globally, the alignment will enable InterGen to leverage Shell's strengths
in both fuel supply and power marketing and trading. Bechtel will continue
to be InterGen's preferred provider of engineering, procurement, and
construction services for power generation worldwide and for onshore gas
pipelines in the U.S. By contributing these assets, Shell's ownership in
InterGen increases to 68 percent with Bechtel Enterprises owning the
remaining 32 percent.
For Coral Energy, alignment with an expanding InterGen power generation
portfolio will support its growing gas and power marketing and trading
business. Coral will participate as part of Shell's global trading network,
working with InterGen as a business partner in the rapid expansion of its
asset platform in North America.
Notes to Editors
Specific assets to be transferred from Coral to InterGen include:
- 4,000 miles of major intrastate gas pipelines in Texas. These pipeline
facilities extend from South Texas near the Mexican border along the Texas
Gulf Coast to the Louisiana border and north from near Houston to the East
Texas producing areas.
- The West Clear Lake Storage Facility, one of the largest natural gas
storage reservoirs in Texas, strategically located near the Houston Ship
Channel, and leasehold interests in the Stratton Ridge storage facility.
- Coral's interest, totaling over 200 MW, in three power plants--one in
operation and two under construction.
Approximately 230 Coral employees, primarily personnel whose jobs are
related to the Texas-based assets, will join InterGen.
InterGen is an international power generation firm. The Company is operating
or building a total of thirteen power stations representing 10,350 MW. It
also has power stations in advanced development representing an additional
6,535 MW. The Company has projects operating, under construction, and/or in
advanced development in a number of countries across the globe including the
United Kingdom, the Philippines, Colombia, Mexico, China, Egypt, Brazil,
Turkey, Australia, and the United States. InterGen is a Shell-Bechtel
venture.
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