Legal Matters

Friday, August 18, 2000
Court Moves Coastal's Lease Confiscation Claim Forward

Coastal Petroleum Company said Florida's First District Court of Appeal denied motions by the State and certain environmental groups asking for a rehearing of the Court's decision of Oct. 6, 1999. The Court also affirmed that the Florida circuit court was the proper venue to determine the issue of the State's taking of Coastal's property.

In its October decision, the Court said, "There is no dispute that (Coastal) has a viable contract with the State of Florida to explore for and extract oil from submerged sovereignty lands.

DEP's interpretation and application of the permitting statute, based on its determination that there is a compelling public purpose in not allowing (Coastal) to drill offshore, effectively prevents the appellant from exercising its rights under the contract. DEP's action would be unconstitutional only if just compensation is not paid for what is taken. This is a matter to be resolved in the circuit court."

In the two-sentence ruling, the three-judge panel said that, because the issue of whether the State's denial of a permit constituted a taking was not before the Court "we decline to comment on the merits of that issue, leaving it to be resolved in the circuit court," and went on to deny all other motions.

Phillip W. Ware, Coastal's president, said the company is very pleased there will be no rehearing, and that it looks forward to proceeding expeditiously in the circuit court with its claim for the inverse condemnation of its approx. 400,000-acre offshore lease 224-A. That leasehold, he said, encompasses the highly regarded St. George's Island prospect in the Panhandle region, for which the company has been seeking a drilling permit since 1992.

Ware said the State may attempt to appeal the decision to the Florida Supreme Court, but must do so within the next 30 days. In the State's two previous appeals to the high court on the permit issue, he noted, both were denied within 90 days.

Precision Drilling, Pride International Settle Lawsuit

Precision Drilling Corp. settled a breach of contract suit filed against it by U.S. rival Pride International Inc., which alleged Precision bought a Canadian driller after the driller had agreed to a deal with Pride.

The $500-million suit, which Pride launched against Precision and Plains Energy Services Ltd. in Texas last week, was settled "amicably" and was conditional on Precision acquiring all shares of Plains under its current offer, said Precision, Canada's biggest oil and gas drilling contractor.

Calgary-based Precision said it would not provide any details of the settlement, but stressed the terms were "not in any way material to Precision."

Pride said it believed it had a deal to buy Plains on the same day Precision agreed to purchase the smaller Canadian rival in a friendly offer that was richer than its previous hostile one.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Plans to Create Rio Doce Fund

Vale and BHP Billiton announced today plans to work together, with Samarco, to establish a voluntary, non-profit fund to support the rescue and recuperation of the Rio Doce river system,

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Bulk Carrier Trends

Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Evoqua, Drew Marine Ink BWMS Deal

Evoqua Water Technologies and maritime solutions and logistics expert, Drew Marine, have announced a partnership to provide a full compliance package for ballast water management.

Need to Monitory Coal from Indonesia - UK P&I

There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0765 sec (13 req/sec)