Investors on Board as U.S. Oil Majors Dismiss Wind and Solar Projects
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets…
Activists Blockade Shell Refinery in Port of Rotterdam
Dozens of Greenpeace activists in Rotterdam port used a ship, buoys and a small flotilla of kayaks on Monday to block traffic around Shell’s Pernis refinery, Europe’s largest, as part of a campaign seeking a ban on fossil fuel advertising.Police ended the blockade after several hours and the port’s authority said…
Dutch Court Orders Shell to Pay $2.8 mln Fine for 2014 Plant Blast
A Dutch court on Monday ordered Royal Dutch Shell to pay a 2.5 million euro ($2.8 million) fine for failing to prevent an explosion at its Moerdijk facility in 2014 and for breaching emissions limits at the plant.The district court in Den Bosch said Shell had not done enough to prevent an incident on June 3, 2014…
Petrobras to Appeal Dutch Ruling Favorable to Vantage Drilling
Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday it will appeal an unfavorable Dutch court ruling related to the suspension of a drilling contract with U.S.-based Vantage Drilling Co.Petrobras said it was informed that a Dutch court had granted a request by the U.S.
Eni: Dutch Stake to be Seized after GasTerra Arbitration Loss
Italian oil and gas group Eni said on Wednesday it lost a gas price review arbitration against Holland's GasTerra and was notified of a provisional seizure by a Dutch court of a 1-billion euro stake in its Amsterdam based unit. The original arbitration initiated by Eni aimed at a downward price revision of the long…
Dutch Ordered to Quicken Greenhouse Gas Cuts
Emission cut should be at least 25 pct on 1990 levels; could pave the way for similar lawsuits. A district court ordered the Dutch government on Wednesday to cut greenhouse gas emissions faster than currently planned in a rare use of the legal system to curb global warming. A judge in The Hague said the state must…
Dutch Court to Rule on Eemskanaal Gas Field by June 1
A Dutch court will rule on a request to restrict gas production at Eemskanaal, part of the large Groningen gas field, by June 1, Council of State spokeswoman Sabine Heijstek-van Leussen said. The court, which has previously rejected a request to restrict production at Eemskanaal, decided on Thursday it would issue a preliminary ruling on a second complaint lodged by residents.
Dutch Court Orders Production Cut at Part of Groningen Field
A Dutch high court on Tuesday ordered a temporary halt to gas production around Loppersum, in the northern province of Groningen, because of safety concerns from earthquakes. In a preliminary ruling, the Council of State said it would however not order a complete halt to gas production at the Groningen gas field, as complainants had sought.
Dutch Court to Hear Challenge to Cabinet's Gas Production Plan
The Netherlands' highest court for administrative law has agreed to hear a challenge to the government's plan for output from the Groningen gas field, a spokeswoman confirmed on Thursday. Production from Groningen, Europe's largest gas field, has become increasingly controversial since the Dutch Safety Board found…
Court Rejects Boskalis' Bid for Vote on Fugro's Defences
A Dutch court on Tuesday rejected a bid by Dutch marine engineer Boskalis to have a shareholder vote on anti-takeover protections in place at smaller rival Fugro, in which it holds a 20 percent stake. The legal challenge was closely followed because of the potential for it to set a non-binding precedent concerning…
Unit of Brazil's OSX Gets Approval to Stop Payments
OSX WHP 1&2, a Netherlands unit of bankrupt Brazilian shipbuilder OSX Brasil SA, received final approval from a Dutch court to suspend payments to creditors until January 2016, OSX said in an e-mailed statement. OSX WHP 1&2 was set up to finance, build and lease well-head oil production platforms to Oleo e Gas Participacoes SA, a now bankrupt Brazilian oil company.
EU's Top Court Asked to Rule on Industry's CO2 Permit Challenges
The Dutch national court has asked the European Court of Justice (ECJ) to rule on the legal challenges filed by heavy industry over how many free emissions permits they are due to receive through to 2020 under the EU's carbon market. The Dutch Council of State on Wednesday requested the ECJ, Europe's highest court…
OSX Brasil Suspends Creditor Payments
A Netherlands-based subsidiary of Brazilian tycoon Eike Batista's bankrupt shipbuilding and shipleasing unit OSX Brasil SA suspended payments to creditors after being granted protection by a Dutch court. According to a securities filing on Thursday, OSX sought protection for its OSX WHP 1&2 Leasing BV unit after…
