57 minutes ago
http://www.freenewmexican.com/news/41408.html
and this:
http://www.clarionledger.com/apps/pbcs. ... 002/NEWS01
and this:
( for anyone that wants an rss feed........you know what to do....) :
LNG projects help to boost Bechtel 2005 revenues
By Leonard Anderson
SAN FRANCISCO, March 21 (Reuters) - Bechtel Corp., the big privately held engineering and construction company, on Tuesday reported gains in revenue and new work orders in 2005, helped by the expansion of liquefied natural gas projects around the world.
Revenue last year rose by 4 percent to $18.1 billion and the value of new bookings gained by 17.8 percent to $18.5 billion, Bechtel said in its annual business review. The company does not report earnings.
Bechtel's oil, gas and chemicals unit and government services division were the company's most active business sectors in 2005.
The company sees more "robust" activity for the oil-gas-chemicals sector in 2006 in the Middle East and India along with LNG work, Jude Laspa, deputy chief operating officer, said in an interview.
Bechtel has received two natural gas plant and pipeline projects in Abu Dhabi with a combined value of $2.75 billion and it also is building a gas processing plant for Saudi Aramco. Bechtel also will double the capacity of the Jamnagar oil refinery it built in India several years ago.
In its LNG work in 2005, Bechtel worked on new plants in Australia and Equatorial Guinea, expanded a plant in Trinidad, and completed an LNG job in Egypt. It is also developing an LNG terminal in Louisiana.
Bechtel's government services work last year included projects in Iraq to build water and electricity systems under $2.8 billion of contracts from the U.S. Agency for International Development.
Laspa said Bechtel's work in Iraq is expected to wind up late this year or early in 2007.
Bechtel also was among big U.S. construction companies getting government contracts last year to rebuild areas in the Gulf Coast devastated by Hurricane Katrina.
It supplied a total 36,000 trailers to the Federal Emergency Management Agency to house more than 100,000 people in Mississippi and is now providing maintenance services, Laspa said.
Laspa said Bechtel's activity in China this year will focus on acquiring more steel and other building materials to supply Bechtel projects elsewhere in the world, including an aluminum smelter in Iceland and a coal-fired power plant in Wisconsin.
It also will build up its engineering support center in Shanghai and take on more work in China for multinational customers, like a project it oversaw to build a facility outside Shanghai for Plantronics Inc. (PLT.N: Quote, Profile, Research), a maker of portable headsets.
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I can go on and on.
