Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Shell wins court case to start seismic surveys offshore South Africa

Fri, 03rd Dec 2021 10:19

CAPE TOWN, Dec 3 (Reuters) - A South African high court on
Friday struck down an urgent application brought by
environmentalists to stop oil major Royal Dutch Shell
starting seismic surveys to explore for petroleum systems off
the eastern seaboard's popular Wild Coast.

The applicants, which included Greenpeace Africa and
fishermen, had been seeking to stop the survey on the basis it
could cause "irreparable harm" to the marine environment,
especially to migrating hump-back whales in the area.

"The court refused to interdict the seismic survey on the
basis that irreparable harm to marine species was not proven by
the applicants," said Katherine Johnson, a spokesperson for
Natural Justice, one of the organisations in court.

"The court ruled that given financial and other prejudice to
Shell if the seismic surveys were delayed, the balance of
convenience was in Shell's favour," Johnson told Reuters.

A Shell spokesperson said the company was happy with the
outcome of the case.

"Shell is pleased with the court’s decision, which will help
move this seismic survey forward in accordance with its
regulatory approval and permitting," the spokesperson told
Reuters.

"Should viable resources ?be found offshore, this could
significantly contribute to ?the country’s energy security."

Johnson said further litigation from the group cannot be
ruled out, as it had concerns the company had not obtained the
necessary environmental impact assessments.

Shell said this week that it had met all the legal
obligations to undertake the survey in line with regulations,
and received the necessary approvals.

An online petition and several protests have already been
organised against Shell over the survey, which uses a vessel
regularly firing an air gun that produces a very powerful shock
wave underwater to help map subsea geology.

Shell in 2020 acquired a 50% stake in the offshore
exploration right held by Impact Africa, a subsidiary of
privately owned Impact Oil & Gas.

Another group, Sustaining the Wild Coast, which represents
communities along the coastline, lodged a separate court
application on Thursday also seeking to halt the seismic survey.

"We are calling for an immediate halt to the survey and that
no seismic surveying be allowed without a proper Environmental
Authorisation," said Sinegugu Zukulu, a spokesperson for the
group, in a statement.
(Reporting by Wendell Roelf; Editing by Jan Harvey)

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.