Energy Update

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June 12 (Reuters) - A slowdown in U.S. oil drilling trudged along in its seventh month as more rigs were pulled than in the previous week, denying the market a sign that producers have started ramping up production.

June 12 (Reuters) - The market has been waiting for the slowdown in the rig count to stop as crude prices have rebounded over the past few months, but this week's slowdown showed oil drillers were not yet done cutting the number of rigs.

VANCOUVER, June 12 (Reuters) - TransCanada Corp said on Friday it expects to start construction this year on natural gas pipeline to British Columbia's Pacific Coast worth at least C$5 billion ($4.1 billion) following a conditional go-ahead by a Petronas-led consortium for what could be Canada's first LNG export terminal.

SEATTLE, June 12 (Reuters) - Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent north to Alaska to resume drilling for oil and gas in the Arctic.

* Greek debt jitters hurting market sentiment (Updates with closing prices)

ANTANANARIVO, June 12 (Reuters) - The two main trade unions at Sherritt International Corp's Ambatovy nickel mine in Madagascar will not call a new strike over job layoffs for now and are still seeking dialogue, union officials said on Friday.

LONDON, June 12 (Reuters) - For an industry used to cautious, long-term evolution, the speed at which leaders of Europe's biggest oil and gas companies moved to take a joint stand in the climate debate speaks volumes.

June 12 (Reuters) - TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British Columbia to export Canadian natural gas to Asia.

* Greek debt jitters hurting market sentiment (Updates prices)

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