Equinor Brings Shell Into $14 Billion Bay du Nord Project
Shell has agreed to acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, bringing a new partner into the estimated C$14 billion development as it...
By Paul Burkhardt (Bloomberg) A seismic survey vessel hired by Royal Dutch Shell to look for potential oil and gas fields is on course to leave South African waters after community groups won a court case to temporarily halt the activity.
Related News: South Africans Protest Against Shell Oil Exploration In Pristine Wild Coast
A judge on December 28 granted local activists an interim interdict blocking any seismic surveys until a ruling can be made on whether further environmental authorization is required. No date was set for that decision, and just a few days later the vessel named the Amazon Warrior headed back around the Cape of Good Hope, according to ship-tracking data compiled by Bloomberg.
“Shell has decided to terminate the current contract for the survey vessel early,” a company spokesperson said, citing ongoing legal hearings and a limited weather window to conduct the work. The company said it is considering how it will proceed in the longer term.
Protests against the activity started in South Africa in November with the arrival of the Amazon Warrior. It was set to explore an area known as the Wild Coast, a relatively untouched coastline where whales are frequently spotted.
By Paul Burkhardt © 2022 Bloomberg L.P.
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