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Posts on ‘November 18th, 2015’

Dutch Court to Rule on Gas Output From Europe’s Biggest Field

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Screen Shot 2015-11-18 at 09.13.40Anna Shiryaevskaya, Fred Pals and Kelly Gilblom: 18 November 2015: Bloomberg.com

  • Final ruling Wednesday on output from EU’s biggest gas field

  • Government plans to decide on future production in December

A Dutch court will Wednesday decide on the future of Europe’s largest natural gas field as local residents seek to stop tremor-inducing production that’s damaging their houses.

The Council of State will rule on whether production from the Groningen gas field should be limited after in September hearing appeals from about 40 individuals, housing corporations and environmental groups. That comes before the government plans to next month outline future output at the field, which generated about 10.7 billion euros ($11.4 billion) in revenue last year and also supplies Germany, Belgium and France. read more

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Shell racks up nearly €100m loss as it waits on go-ahead for first Corrib gas

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Corrib Gas Project mired in corruption allegations and a related cover-up led by Michael Crothers

Paul O’Donoghue: 18 November 2015

The company behind the controversial Corrib gas project racked up losses of over €98m last year as it awaits a final government permit to begin flowing gas at the site.

Accounts just filed for Shell E&P, the Shell subsidiary managing the project in Ireland, show administrative costs amounted to €18.8m last year, down from €20.3m in 2013.

It made an operating loss of just over €26m compared to €28.5m the year before. Most of the loss was an actuarial loss that related to the firm’s pension scheme. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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