Todd welcomes Shell injunction

Todd Energy yesterday welcomed a High Court judgment granting an injunction against Shell over ownership of the Maui gas field.

The company said Justice John Wild had found Shell could not take over from Shell Todd Oil Services (STOS) as Maui's operator because it would be a breach of employment contract and of the joint venture deal between Shell and Todd.

Todd Energy managing director Richard Tweedie said the decision was a validation for his company.