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20 Jul 2018

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Russel Norman and Sara Howell await fate for Greenpeace protest
Greenpeace Aotearoa executive director Russel Norman and volunteer Sara Howell face an anxious wait to find out whether they will be convicted after trying to disrupt oil exploration off the North Island's east coast.At the end...

Greenpeace activists oil ship protest was just 'low level disobedience'
Convicting Greenpeace activists who disrupted an oil exploration vessel would deter others from undertaking important protests that would benefit society, their lawyer has told a court.

Report: Lake oil spill in Michigan would cost nearly $2B
DETROIT (AP) — Hundreds of miles of Great Lakes shoreline would be spoiled under a worst-case scenario oil spill in Michigan's Straits of Mackinac, scientists reported Thursday.The cost of a doomsday spill could be as high as $1.8...

Abu Dhabi awards $1.6 billion survey project to China's CNPC
DUBAI, United Arab Emirates (AP) — The Abu Dhabi National Oil Company says it has awarded contracts worth AED 5.88 billion ($1.6 billion) to China's largest state-owned oil company to conduct what is says is the world's largest continuous...

Yemen rebels claim to target Saudi oil refinery in Riyadh
SANAA, Yemen (AP) — Yemen's Shiite rebels at war with a Saudi-led coalition say they have attacked a Saudi Aramco refinery in Riyadh but the oil company said a "minor fire" that erupted there was "due to an operational incident."Rebel...

A Virgin Mary statue has been 'weeping' olive oil. Church leaders can't explain it
Inside a Catholic church in New Mexico, a 2.1 metre tall bronze statue of the Virgin Mary appears to be "weeping," according to church leaders.

US stocks waver; transports rise but energy companies slip
NEW YORK (AP) — U.S. stocks are mixed in early trading Wednesday as energy companies fall with the price of oil, but industrial companies including railroads and airlines climb after a round of strong second-quarter reports.KEEPING...

Federal judge tosses out climate change lawsuit
NEW YORK (AP) — A federal judge has tossed out New York City's effort to hold oil companies responsible for global warming, saying it's not the judiciary's responsibility.U.S. District Judge John Keenan ruled Thursday. Keenan wrote...

Morningstar cuts earnings forecast for Z Energy but maintains hold rating
Morningstar Research lowered its fiscal 2019 earnings per share forecast but kept its hold rating on Z Energy after the country’s biggest fuel retailer downgraded its profit outlook amid a longer-than-anticipated shutdown of a local oil refinery

Saudi Aramco evaluating stake in SABIC chemical firm
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Saudi Aramco says it is evaluating whether to purchase a stake in the Saudi petrochemical maker SABIC, a move that could increase its value ahead of an initial...

Top German court rejects bid to block gas pipeline
BERLIN (AP) — Germany's highest court has rejected a bid by an environmentalist group to block construction of the planned Nord Stream 2 pipeline, which would pump Russian gas to Germany under the Baltic Sea.The Nord Stream 2 project...

Sentencing of Greenpeace head and climate activist to begin
Two Greenpeace activists who jumped into the water in front of an oil exploration ship will face sentencing tomorrow. The pair face up to a year in jail and $50,000 in fines each.In April 2017, Greenpeace used the crowdfunded boat...

Consent granted for Whangārei Harbour dredge, bigger oil tankers
Consent has been granted to dredge Whangārei Harbour clearing the way for fully laden super-sized fuel tankers to visit the Marsden Point oil refinery.The "Suezmax" tankers already visit the refinery regularly but could only...