Coral Energy and Shell Trading U.S. are planning to co-locate their operations in Coral’s offices in downtown Houston. It is not a merger, a company spokesman said, and the units will not combine operations. Coral, which markets natural gas and power, and Shell Trading, which markets oil and products, will shed some of their combined 1,200-member workforce where there is redundancy. The cutback will be accomplished through voluntary actions, retirements, normal attrition, and relocations within the corporation.

©Copyright 2003 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.