B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural gas development on the province's northwest coast. Hailed as “the largest capital investment in B.C. history,” Clark said the LNG framework will result in stable, long-term revenue for B.C. and $36 billion in investment, including a proposal for an LNG facility near Prince Rupert. Both are intended to provide certainty to the Petronas-led Pacific Northwest LNG project and encourage them to make a final investment decision to build a project in British Columbia. Although there are 19 proposed LNG projects in B.C., none have made a final investment decision as other competitors, including in the United States, push forward quickly and world natural gas market have slumped. “We have worked hard to establish a path to final investment decision with the agreements we are going to sign today,” Premier Christy Clark said. The prospect of a liquefied natural gas industry in B.C. would be a game-changer for aboriginal communities, Premier Christy Clark said. Through balanced budgets, controlled spending and – mostly – LNG revenues, the province could eliminate an estimated $62.7 billion in debt, create 100,000 jobs and bring an end to the Provincial Sales Tax, Clark vowed.
According to a report from The Chronicle Herald, the week before last Nova Scotia unveiled a plan to lobby Ottawa on behalf of Irving Shipbuilding Inc.’s Halifax Shipyard, all in a bid to win a $35b contract to build 20 navy ships over 30 years. In an effort to compete with that bid, British Columbia Premier Christy Clark announced that she will go to Ottawa to promote the bid by Vancouver Shipyards Co. Ltd. Source: The Chronicle Herald
British Columbia’s first liquefied natural gas (LNG) proposal at Grassy Point near Prince Rupert has filed its export application with Canada's National Energy Board (NEB). "Aurora LNG is moving forward with their plans to export B.C.'s natural gas to new markets overseas," said Premier Christy Clark. "This marks another step towards realizing the transformative opportunity LNG presents us. Aurora LNG's commitment to building this new industry will create jobs and
A new NSRP Navy Program Manager has been selected. Christy Goff, currently at TEAM Subs (PMS 450), will serve as NSRP Navy Program Manager, replacing Connie Bowling, who retired in December after 40-plus years of Department of Defense service. The NSRP Blue Ribbon Panel will be convening the week of January 27-31 to review and recommend the project portfolio for selection by the Executive Control Board next month
Inchcape Shipping Services (ISS), a maritime services provider, has acquired the Turkish cruise agency specialist Merkez Deniz Acenteligi ve Ticaret A.S (Merkez). Merkez is one of the most established agency houses in the Turkish shipping community and it is today a market-leading cruise sector specialist with offices in the major cruise ports of Istanbul and Kusadasi. ISS already has a strong existing presence in Turkey and this acquisition will assist the further development and growth
FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity. FortisBC marked the occasion with a ground-breaking ceremony attended by The Honourable Christy Clark, Premier of British Columbia; Delta Mayor Lois Jackson; as well as Scott Hamilton
Sailors aboard nuclear-powered attack submarine USS Asheville (SSN 758) said farewell to friends and family members just before departing San Diego for a Western Pacific deployment, Aug. 1. Commanding Officer Cmdr. Scott Swehla said this deployment is the culmination of 18 months of hard work and preparation. He said he is confident that the boat and crew will execute their missions successfully. “USS Asheville,” said Swehla
Following a unanimous board decision, the International SeaKeepers Society welcomed Dean C. Klevan as its new President and CEO. Klevan joins SeaKeepers following a distinguished career in the financial services industry. Most recently, he was the President of the Coral Gables Trust Company, an institution he helped to found. Klevan also served in senior positions with Morgan Stanley, Merrill Lynch, and Citicorp in the United States and abroad
A groundbreaking ceremony today at Vancouver Shipyards, in North Vancouver marks a significant milestone in the re-development of the shipyard into a world-class facility that will build a new generation of vessels for the Canadian Coast Guard and Royal Canadian Navy. Construction will result in the completion of four new fabrication buildings, a shipbuilding gantry crane and a load-out pier. Seaspan will invest approximately $200 million into the yard to deliver outstanding value to
The Russian government has reportedly denied permission for the Greenpeace icebreaker Arctic Sunrise to enter the increasingly busy Northern Sea Route (NSR), despite the ship having fulfilled all the requirements for such an entry. Greenpeace International beleives the decision is an attempt to prevent it from exposing the activities of Russian state-owned oil company Rosneft. Multiple vessels contracted by Rosneft and U.S
Joey Rodriguez was visiting one of the Gulf Coast�s major shipyards recently. Admiring the huge expanse of space with its several big Manitowoc cranes capable of lifting many tons, he commented to the yard’s CEO, “I am intimidated by all the equipment and space that you have here.”
Each year, the American Society of Naval Engineers (ASNE) celebrates excellence in naval engineering by recognizing individuals who have demonstrated exceptional achievement in one or more facets of the industry. ASNE is pleased to announce the recipients of the following prestigious awards:
British Columbian officials on Friday criticized the Canadian government's response to an oil spill in the waters around Vancouver, calling into question plans for new crude oil export pipelines in the Pacific Coast province.