The company eventually was nationalized and renamed Saudi Aramco. During the first half of the 20th century, the firm built oil refineries and pipelines, ships for World War II, and a variety of other infrastructure projects. Facebook Twitter Reddit Email RSS Feed Newsletter Donate.  Bechtel continues to oversee the operation. 75, I. O. Shultz had already served in the Nixon administration as secretary of labor and treasury secretary, and would go on to be Ronald Reagan's secretary of state in 1982. , As of 2018, Bechtel is building the Uranium Processing Facility at the Y-12 National Security Complex in Tennessee.  Jack Futcher is president and chief operating officer. But it can't be seen as a rogue firm playing outside the rules, because Bechtel is the textbook example of business as usual.  As of June 2015, the project is 65% complete. The company boasts an impressive engineering and construction portfolio in the US and abroad that includes the Hoover Dam and the Hong Kong International Airport. American construction and civil engineering company. , Brendan Bechtel is Chairman and CEO and is the fifth generation of the Bechtel family to lead the company. He was succeeded by his son, Stephen Bechtel, Sr., who became both the head of Bechtel and chief executive of the Hoover Dam project. Any implication that we won this work as a result of anything other than our capabilities discredits our record, and the great work you do and will continue to do.”. The unit operates on six continents and has completed hundreds of major mining projects as well as more than 1,000 mining studies.  Since May 2012, Bechtel has been part of a consortium completing the Chernobyl New Safe Confinement, a structure that will safely confine the damaged Chernobyl Nuclear Reactor Number 4.  The Big Dig was, at the time, the largest and most complex urban transportation project ever undertaken in the US. , As a result of the Gulf war, Bechtel accepted the task of extinguishing oil well fires in Kuwait in 1991.  Its corporate values include safety, quality, and ethics.  In January 2018, the unit was awarded a front-end engineering design contract for Abu Dhabi National Oil Company's planned offshore ultra-sour gas mega project located in the north western area of Abu Dhabi. As Bechtel's projects have grown larger and more complicated, its owners and managers have manufactured opportunity through carefully cultivated relationships with political and business power brokers. Friday, July 14, 2006.  Bechtel completed the construction of the Blue Grass Chemical Agent-Destruction Pilot Plant in 2015. Bechtel Group Foundation was created in 1954 to respond to the needs of the communities around the world in which Bechtel has offices or major projects. Bechtel Company, which by this time was the leading construction company in the western United States. Think that a $680 million Iraq contract is a big deal?  Since the company's founding, it has built approximately 50,000 miles (80,000 km) of pipeline systems, more than 50 major oil and gas field developments, and completed over 380 major chemical and petrochemical projects. Notably, Reagan's cabinet had two former Bechtel executives: Caspar Weinberger and George Shultz, serving as Secretary of Defense and Secretary of State respectively.  Following completion of Train 1 in late 2017, Train 2 of the facility moved into production mid-2018. The Bechtel family founded the Bechtel Corporation in 1898. Now, at the end of 2020, we are closing shop following a 12-year spend down that involved well over a billion dollars in grantmaking. A decade later, the firm began investing money for clients other than Bechtel; as The New Yorker magazine reported earlier this year, Osama bin Laden's estranged family, with whom Bechtel has had construction business in Saudi Arabia, was among those clients. George Shultz, distinguished fellow at the Hoover Institution, is a board member of Bechtel. Stimulus check update: $600 checks will hit some bank accounts Tuesday night, says the Treasury. Outside the realm of what might be considered business-related fraternizing, the Bechtels remain virtually off the social radar, certainly for folks worth a reported $3 billion. The Bechtel family is a donor. In one way, Bechtel's campaign funding is quite run-of-the-mill. Donald Rumsfeld (now an outspoken secretary of defense, but then an envoy of the Reagan administration) met with representatives of Saddam Hussein in an attempt to close the deal, but in the end, Hussein rejected the plan. Mr. Bechtel is a Republican in politics, and in fraternal connection a member of Columbus Lodge, No. In that case study — at least, as it has been written to date — the protests of ordinary citizens, regardless of how passionate or creative, remain footnotes.  That year he bought a steam shovel, becoming a pioneer of the new technology. Marie C. Bechtel brings with her over 25 years of experience in Family Law as well as a strong background in Psychology and Sociology. Like it or not, there really are only a few companies that can build an industrial city in a Middle Eastern country, or create a $20 billion airport complex from the ground up, or erect a refinery in the dead of winter in a former Soviet-bloc country. In mid-November, as President Donald Trump railed against the election results, his wife, first lady Melania Trump publicly agreed with his sentiments. This is a biography of the privately owned Bechtel Company and the family â¦ Bechtel has been both a jumping-off and landing point for countless high- and midlevel government operators during the last 60 years. This page was last edited on 31 December 2020, at 07:48. 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"Wheatstone LNG's second train 90 pct done", "Cheniere, Bechtel Sign Sabine Pass Contract (USA)", "First LNG commissioning cargo exported from Sabine Pass", "Cheniere reaches near completion of Sabine Pass Train 4", "Cheniere Energy, Bechtel Agree to Two Contracts Worth $9.5 Billion", "Corpus Christi Liquefaction June 2016 construction report", "Pacific NorthWest LNG awards design and engineering contract", "Bechtel Gets Contract for 12 Natural-Gas Pipelines in Thailand", "Consortium With Global Footprint to Lead Ohio Cracker Engineering", "Union leaders expect membership boost with Shell's Beaver County plant", "Bechtel Supplies Coker Technology for Croatian Refinery", "Egyptian refiner lets contract for revamp project", "BRIEF-Bechtel to upgrade Texas refinery for ExxonMobil", "Tellurian issues $100 million worth of stock to pay for LNG facility's engineering costs", "FEED Contracts For Hail, Gasha And Dalma Ultra Sour Gas Offshore Project Awarded", "UAE bets on alternative energy, 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