Sep 13th, 2016
by John Donovan.

Groningen gas demand seen falling sharply
The Netherlands has been forced to scale back production at Groningen, which once supplied 10% of European Union gas requirements, to 24B cm/year due to damage from earthquakes.
Sep 13 2016, 08:31 ET | By: Carl Surran, SA News Editor
Demand for gas from the Groningen field in the Netherlands will fall sharply from 2020 as production is reduced, Economy Minister Kamp says in a letter to the Dutch parliament.
The Netherlands has been forced to scale back production at Groningen, which once supplied 10% of European Union gas requirements, to 24B cm/year due to damage from earthquakes.
Groningen is operated by a joint venture between Royal Dutch Shell (RDS.A, RDS.B) and ExxonMobil (NYSE:XOM). read more
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Sep 13th, 2016
by John Donovan.


Tax declarations show he owns $1 million worth of Shell shares
Aranguren was chief executive officer of Shell Argentina

Argentina’s Energy and Mining Minister, Juan Jose Aranguren, has sold his shares of Royal Dutch Shell Plc following criticism from anti-graft authorities, President Mauricio Macri said.
Aranguren, formerly the chief executive officer of Shell Argentina, sold his shares in the company, Macri said in an interview with Bloomberg TV on Tuesday. Earlier, the minister was excused from all dealings with Shell in Argentina, according to a decree published in the official gazette. The minister, who owned $16 million pesos ($1 million) shares in the company according to reports of his tax documents for 2015, received a non-binding recommendation on Monday from the anti-graft office to sell his stock. read more
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Sep 13th, 2016
by John Donovan.

Nick Fletcher: Tuesday 13 September 2016 11.18 BST
Oil shares are among the biggest fallers after crude prices slid further in the wake of a downbeat report from the International Energy Agency. The agency said the oil market would be oversupplied until at least the first six months of 2017, given a sharp slowdown in demand and rising stocks. A month ago it predicted suppy and demand would be broadly in balance for the rest of the year, and inventories would fall sharply.
Chris Beauchamp, chief market analyst at IG, said:
The IEA has joined OPEC in pouring more cold water on the oil price this morning. After OPEC flipped its prediction of dwindling non-OPEC supply in 2017, instead warning that it was set to rise due to a major new oilfield in Kazakhstan coming online, the IEA has issued a stark warning that the pickup in demand seen in the first half of the year has completely evaporated. It has cut its demand forecasts for the second half and the whole of 2017 and is now predicting the glut will remain in the global market for the whole of next year. Oil prices are down this morning, although the real capitulation could come towards the end of the month if OPEC and Russia fail to agree a supply freeze read more
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Sep 13th, 2016
by John Donovan.


Andrew Ward, Energy Editor: September 13, 2016
Royal Dutch Shell has developed a robot to monitor equipment and carry out safety checks at a remote facility in Kazakhstan — marking one of the most sophisticated examples of robots replacing humans on the front lines of the oil industry.
Shell said the Sensabot was undergoing final testing in the Netherlands before being deployed to Kazakhstan. The group plans to roll it out to other remote oilfields, as well as potential roles in refineries, chemical plants and LNG terminals. read more
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Sep 13th, 2016
by John Donovan.


Demand for gas from Groningen will “fall sharply from 2020” as production at the northern Dutch field is reduced, Economy Minister Henk Kamp said in a letter to parliament released on Tuesday.
The Netherlands has been forced to scale back production by roughly half at Groningen, which once met 10 percent of European Union gas requirements, to 24 billion cubic meters per year due to damage from earthquakes.
Citing a June study by Gasunie, Kamp said a 480 million euros gas conversion facility in Zuidbroek was no longer needed due to falling exports. read more
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shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.