11:21 AM EDT, 10/22/2025 (MT Newswires) -- Shell (SHEL) is appealing a court ruling by the Western Cape High Court that rescinded an environmental permit for an oil exploration block off the west coast of South Africa, Bloomberg reported Wednesday, citing the company.

"The High Court judgment misinterprets the National Environmental Management Act, imposes practical and operational constraints outside of the Act and incorrectly expands the scope by conflating exploration with production," Shell told Bloomberg in an emailed statement.

The appeal was heard on Oct. 16, and a ruling is expected in the coming weeks, Bloomberg reported, citing environmental group Green Connection, which is involved in the case.

Shell did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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