Commercial

An explosion occurred late Tuesday in the engine room of a commercial diving vessel that was decommissioning a small segment of ANR Pipeline offshore Louisiana, sending six crew members of the vessel to area hospitals, said a spokesman for TransCanada, which owns ANR. The U.S. Coast Guard still is searching for one unaccounted member of the crew.

Increasing annual provincial royalties by C$2 billion annually, as an Alberta government-appointed panel recently recommended, could reduce the commercial value of current and planned oilsands projects by US$26 billion at a long-term Brent price of US$50/bbl, according to energy consultant Wood Mackenzie.

May 1 was the first day of full commercial operation of Phase I of the CenterPoint Energy Gas Transmission Carthage-Perryville Pipeline (CP Line), and it has proven a “Mayday” for South Louisiana gas supplies trying to find their way to market, according to a recent report from Bentek Energy LLC.

May 1 was the first day of full commercial operation of Phase I of the CenterPoint Energy Gas Transmission Carthage-Perryville Pipeline (CP Line), and it has proven a “Mayday” for South Louisiana gas supplies trying to find their way to market, according to a report from Bentek Energy LLC.

Calgary-based Sea NG Corp. said last week that it has formed an alliance with Marubeni Corp. and Teekay Shipping Corp. for the worldwide commercial deployment of Sea NG’s Coselle system for transporting compressed natural gas (CNG) by ship.

Calgary-based Sea NG Corp. said Tuesday that it has formed an alliance with Marubeni Corp. and Teekay Shipping Corp. for the worldwide commercial deployment of Sea NG’s Coselle system for transporting compressed natural gas (CNG) by ship.

New Jersey Natural Gas (NJNG) told the New Jersey Board of Public Utilities it will refund $51.5 million to residential and small commercial sales customers using less than 5,000 therms annually due to lower wholesale gas prices. The refund will appear on December bills. The typical residential heating customer can expect a refund of approximately $120.

With its acquisition of Duke Energy’s commercial marketing and trading business now closed, European merchant bank Fortis says it has a full slate of energy capabilities and is poised to climb to the upper ranks of natural gas and power marketers.

With its acquisition of Duke Energy’s commercial marketing and trading business now closed, European merchant bank Fortis says it has a full slate of energy capabilities and is poised to climb to the upper ranks of natural gas and power marketers.