Judge ‘horrified’ by restructuring cost as McDermott was ‘on the verge of collapse’
A UK judge said he was “horrified” by the cost of a plan to restructure a McDermott firm that is in debt as the group was "on the verge of collapse."
court
Climate activists win court battle over North Sea oil fields
Climate activists won a court case in Norway against the state over development plans at a handful of oil and gas fields under the North Sea off the Nordic country’s coast.
Further delays for Barossa LNG as Santos loses court appeal
Santos’ (ASX:STO) appeal to restart drilling at its Barossa gas development offshore Australia that is planned to backfill the Darwin LNG export terminal has been dismissed adding further uncertainty and delays for the project.
Woodside’s Scarborough LNG project taken to court over environmental assessment
Woodside (ASX:WDS) said it has been notified that the Australian Conservation Foundation (ACF) has started proceedings in the Federal Court of Australia in relation to the environmental assessment of the Scarborough liquefied natural gas (LNG) project in Western Australia.
Courts proving another tool in the arsenal for climate activists and oil firms
With COP26 approaching, amid reports that police are preparing for major civic disruption, there are also plans that the Scottish criminal courts may be opened for extra sessions to deal with a potentially high number of arrests during the conference.
Shell abandons push for oil spill case to be heard in Nigeria
Shell has abandoned its final attempt to argue that a major lawsuit brought by thousands of Nigerians over an oil spill in the West African country should be heard in Nigeria rather than the UK.
Greenpeace hit with £80k fine over North Sea protest action as director escapes jail term
Climate activist group Greenpeace has been hit with an £80,000 fine over North Sea protest action in 2019.
Oil worker who took a job with rivals loses legal battle
An oil worker has been found in contempt of court after he quit his job to go work for the competition.
Offshore worker jailed for stabbing wife after nine day drinking binge
An offshore worker who stabbed his wife after going on a nine-day drinking binge when he lost his job has been jailed.
Noreco in $470m pay out after court ruling
Noreco said it has won $470million after a court ruling was made in its favour.
Oil supervisor jailed over child porn
A woman who sexually assaulted a little boy and used Facebook to send photographs of the abuse to an oil platform supervisor has been jailed for three years and nine months.
Swiss court backs Iran in decades-old oil row with Israel
Switzerland's highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which made the countries enemies.
Crown after £1.3m stolen by oil chief
Prosecutors have started the process of trying to recover cash from a shamed oil company executive who stole more than £1.3million from her employer.
Russian court sets trial date for trial over death of former Total CEO
A Russian court is expected to start the trial of airport staff charged in the death of Christophe Margerie, the head of French oil major Total who was killed when his jet collided with a snow plough in a Moscow Airport.
Updated: Court rules China has no historic rights to controversial South China Sea
An arbitration court today ruled the China has no historic rights to the resources in the hotly contested South China Sea.
US Judge to hear Volkswagen emissions fix update
Volkswagen is expected to reveal the company’s progress on a fix to make nearly 600,000 diesel cars comply with clean air laws.
San Leon loses appeal against International Court
San Leon Energy said It has been unsuccessful in its appeal against the findings of the International Court of Arbitration in relation to a case between Aurelian and Avobone NV and Avobone Poland BV.
Conman who committed AllSeas fraud jailed
A conman posing as a millionaire London trader who defrauded a Dutch shipping company of 100 million euros ($113 million) was sentenced to 14 years in prison by a UK court.
Companies submit notices against JKX meeting ban
A notice has been submitted to court by a pair of companies who were restricted by JKX from attending an annual general meeting.
ConocoPhillips admits to safety breach on Lincolnshire platform
ConocoPhillips has admitted to three charges relating to an incident on the Lincolnshire Offshore Gas Gathering System platform in 2012. Lincoln Crown Court was told a “very serious international-level incident” could have caused an explosion at the platform.
Providence Resources wins court case made against it by Transocean UK
Oil and gas explorer Providence Resources has won a case related to claims made against it by firm Transocean Drilling UK. A ruling was made in its favour at the commercial court in London. The case related to costs made by Transocean against Providence regarding the use of the Arctic III mid-water semi-submersible rig in 2011 and 2012 on its Barryroe oilfield offshore Ireland.
Carbon companies ordered into liquidation
Carbon copy investment companies found by a court to have misled clients have been ordered into liquidation. Both Carbon Green Capital and Agora Capital were found by the High Court in London to have made false claims about investment returns. A petition against the companies was presented to the High Court by the Secretary for Business, Innovation and Skills, Vince Cable. The companies were accused of selling carbon credit investments which were misleading, raking in almost £1million in profit. Chris Mayhew, Company Investigations Supervisor, said: “This formally brings to an end the activities of two heartless companies that claimed to pride themselves on the investment returns for clients but who in truth were peddling near worthless carbon credits, which in some instances they even failed to supply, raising approaching £1million from the public”. “Far from the claimed world class investment services dedicated to helping clients, these companies were dedicated only to helping themselves. “I would once more urge investors not to respond to cold calling investment sharks as you stand to gain nothing and risk losing everything. Simply end the call, not your savings. “The Insolvency Service will not allow rogue companies to rip-off vulnerable and honest people and will investigate abuses and close down companies if they are found to be operating or about to operate, against the public interest."