On Thursday, Energy Transfer Equity LP (NYSE:ETE)’s shares declined -9.64% to $11.77.
BG Group (BG.L) and Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) (collectively, “Energy Transfer”) declared that the Lake Charles LNG Project has received approval from the US Federal Energy Regulatory Commission (FERC) to site, construct and operate a natural gas liquefaction and export facility in Lake Charles, Louisiana. FERC approval was a key remaining regulatory consent for the Lake Charles LNG Project.
With a conditional authorization from the US Department of Energy to export up to 2 billion cubic feet of natural gas per day (or about 15 million metric tons of LNG per annum), the Lake Charles LNG Project is predictable to be one of the largest LNG export initiatives in the United States. The technology chosen for the project, which comprises aero derivative turbines with selective catalytic reduction, is designed to make it one of the most efficient and cleanest operating LNG facilities in the world, with air emissions predictable to be well below US and state limits.
“Our focus is on being a good neighbor in Lake Charles, where we’ll be working in a collaborative manner with local communities to minimize the impacts from construction,” said Jason Klein, General Manager for BG Group’s America Asset. “At the same time, we’re excited about our role in the economic expansion of Southwest Louisiana. Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in about 250 long-term operational positions – sustainable jobs for current and future generations.”
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Transocean LTD (NYSE:RIG)’s shares dropped -2.44% to $13.01.
Transocean Ltd. (RIG) (RIGN.VX) declared that the SIX Swiss Exchange (“SIX”) approved the company`s application to delist its shares. The SIX delisting is effective March 31, 2016, with the last trading day planned for March 30, 2016.
Transocean remains incorporated in Switzerland and the company`s shares will continue to be listed and traded on the New York Stock Exchange.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
At the end of Thursday’s trade, 3M Co (NYSE:MMM)‘s shares dipped -0.74% to $148.84.
Organizations are investing in information security at record levels yet remain vulnerable to low-tech threats such as visual hacking, where someone can capture sensitive information with nothing more than a smartphone camera. In response, 3M has launched its Visual Hacking Key Risk Areas educational campaign to assist security professionals and IT managers in high-risk industries better understand where vulnerabilities to data privacy exist and how they can be secured.
Worldwide spending on information security will reach $75.4 billion in 2015, an enhance of 4.7 percent over 2014, according to the latest forecast from Gartner, Inc.1 but such investments might not address all areas where data vulnerabilities exist. Ponemon Institute recently conducted the Visual Hacking Experiment, jointly sponsored by 3M Company and the Visual Privacy Advisory Council, on visual hacking, defined as the viewing or capturing of private, sensitive or confidential information on a screen device, workspace, copier, etc. for unauthorized use. It found that a white hat hacker was able to gain access to participating companies and visually hack sensitive information in 88 percent of attempts.
“Visual hacking can target any industry but may be especially dangerous in healthcare and financial industries, given the sensitive information involved in nearly every customer interaction and the desire for malicious parties to obtain it,” said John Brenberg, Information Security & Compliance Manager, 3M and member of the Visual Privacy Advisory Council (VPAC). “The 3M Key Risk Areas campaign aims to assist these organizations understand the threats that visual hacking poses and assist them expand their privacy programs to comprise much needed administrative privacy measures.”
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
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