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OIL AND GAS
UK court fines Greenpeace over BP oil rig protest
by Staff Writers
London (AFP) July 3, 2020

A UK court on Friday fined Greenpeace �80,000 for breaching a ban to block a BP oil rig in the North Sea last year.

Edinburgh's Court of Session handed down the penalty, equivalent to $99,900 or 88,700 euros, in a response to actions by Greenpeace UK at a drilling rig operated by the US company Transocean.

"We are disappointed that BP's rig operator Transocean has sought to punish us for trying to protect the planet," Greenpeace UK executive director John Sauven said in a statement after the fine was handed down during a virtual hearing.

"But our campaign does not end here and we will continue our fight to stop the oil industry from wrecking our climate."

Sauven added that Greenpeace would seek to have BP's permit "quashed" so it "cannot drill for new oil in the North Sea".

Judge Sarah Wolffe said Greenpeace had "exhibited wilful defiance... and they are guilty of contempt of court".

She added: "It is fundamental to the rule of law that court orders are obeyed."

While BP continues to drill, it is also targeting "net zero" carbon emissions by 2050 under plans unveiled by recently-appointed chief executive Bernard Looney.

Rival energy major Royal Dutch Shell has also pledged to achieve net zero carbon status by the same deadline.

Campaigners have dismissed the objectives as "greenwashing" -- or alleged misleading efforts by corporates to appear environmentally friendly.

rfj-bcp/wai

BP

TRANSOCEAN

ROYAL DUTCH SHELL PLC


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OIL AND GAS
Iraq oil exports sink to comply with OPEC cuts
Baghdad (AFP) July 1, 2020
Iraq's oil exports sank further in June as it tries to abide by OPEC production cuts, its oil ministry said Wednesday, but revenues crept up thanks to recovering crude prices. The OPEC cartel's second-biggest crude producer had been left reeling by the recent worldwide crash in oil prices and a flood of cheap crude from Saudi Arabia. To help boost prices, Iraq agreed to join an output cut deal between OPEC and its allies and dropped its exports in June to 84 million barrels, its lowest monthly s ... read more

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