A new class action against camphor oil and camphor products

Oil companies are being accused of illegally charging royalties on camphor and other products for the purpose of “exposing and harming the health and well-being of consumers”.A class action filed in the Supreme Court of India, on behalf of around 1,200 people, alleges that the companies have been charging people for the products for years, […]

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‘I don’t think this is a crisis’: Norway says no to drilling in Arctic for oil

Oil companies have halted drilling in the Arctic for the second time this year after Norwegian oil company Statoil said its exploration plans for the Arctic Ocean were not viable.The company said it would stop drilling by June 2018 in an effort to preserve its rights and interests in the region.Statoil, Norway’s largest oil company, […]

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Oil companies in Morocco may be the first oil exporters to sue the government

Oil companies, including BP, Shell, ExxonMobil, Chevron and others, have sued Morocco over the country’s recent oil price hike, accusing the government of failing to prevent the crisis.The firms argue that the oil price increase was not a legitimate economic measure and that it has pushed up the countrys oil price by up to 15 […]

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