Europe
Friday, 05 October 2012 20:36
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HAGUE: Dutch court on Friday rejected a bid by oil multinational Royal Dutch Shell to ban Greenpeace from protesting near its property on pain of a massive fine, saying such groups had a right to inform the public.
"Future Greenpeace actions against Shell cannot be banned in advance provided that they remain in a certain framework," the Amsterdam court ruling said in response to Shell's September 21 suit.
"The judge took as starting point that organisations such as Greenpeace are in principle free to carry out actions to let the public know about their point of view," it added.
Shell had sought a ban on any Greenpeace protests in the Netherlands within 500 metres (yards) of its operations, including petrol stations or offices, with a one one million euro ($1.2 million) fine in default.
The environmental group has organised several protests against Shell's exploratory drilling in the Arctic, including on September 14 using bicycle ...
LONDON: Oil prices fell Friday, as many traders cashed in some of their bumper gains from the previous day, and eagerly awaited crucial non-farm payrolls numbers in the United States.
Brent North Sea crude for delivery in November retreated 72 cents to $111.86 a barrel in midday trade in London.
New York's main contract, West Texas Intermediate (WTI) or light sweet crude for November, dipped 79 cents to $90.92 a barrel.
"The main focus for today will remain ...
OSLO: Eni has discovered gas and condensate northwest of the Snoehvit field in the Barents Sea, the Norwegian Petroleum Directorate said on Friday.
The preliminary estimate is that the find contains between five and seven million standard cubic metres of recoverable oil equivalents.
Licence holders in production licence 533 are operator Eni with 40 percent, with partners Lundin, RWE Dea and Det Norske holding 20 percent each.
Det Norske said in a separate statement that the gas discovery ...
LONDON: Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better US data encouraged investors back into riskier assets such as oil and commodities.
Stock markets and the euro rallied on Thursday ahead of a European Central Bank policy meeting which is likely to keep rates unchanged and US jobs figures that were expected to show the world's biggest economy recovering slowly.
The euro rose to a two-week ...
LONDON: Britain's Gulf Keystone Petroleum is to raise $200 million to bolster its resources as it pushes to expand its oil exploration and development in Iraq's Kurdistan.
The company said on Thursday that it was launching $200 million of convertible bonds due Oct 2017, with an annual coupon of between 5.875 and 6.625 percent.
The funds would be used to help it move to large-scale development of a commercial oil find made at its Shaikan block in ...
LONDON: Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom.
Brent November crude futures had fallen 90 cents to $110.67 a barrel by 0830 GMT. They ended Tuesday below two critical technical levels -- the 50-day moving average at $112.06 and the 200-day moving average at $112.09.
US November crude shed 54 cents to $91.35 a barrel.
China's official purchasing ...
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