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Groningen needs reinforcement: watchdog

Groningen needs reinforcement: watchdog

The repair and reinforcement of Dutch homes damaged by gas-extraction earthquakes in Groningen needed to be speeded up, the state supervisor on mines SoDM told economic minister Eric Wiebes.

RTL Nieuws reported that SoDM found approximately 1,900 homes in the region that, if not reinforced quickly, would no longer meet official safety standards. The distinctly Dutch rules state the risk of someone dying in an earthquake must not be higher than the risk of someone drowning in a flood elsewhere in the Netherlands. read more

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Gas production at Groningen field falling faster than planned

Jun. 27, 2018 2:57 PM ET|By: , SA News Editor

Production at the Groningen natural gas field will come in lower than expected this year as the Dutch government works to end production completely by 2030 in an effort to limit seismic risks in the region.

Output will have fallen to 19B-20B cm in the year ending October 2018, the Dutch gas sector regulator says, below the original cap of 21.6B cm set for the year and down from 24B cm last year.

The Groningen field is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM). read more

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Shell, Exxon not to seek compensation for end of Groningen gas production: government

Shell, Exxon not to seek compensation for end of Groningen gas production: government

Reuters Staff: Monday June 25, 2018

AMSTERDAM (Reuters) – Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday.

“A lot of gas will be left in the ground,” Economy minister Eric Wiebes said at the presentation of his deal with the oil majors responsible for extracting Groningen gas.

“That gas is the property of the oil companies, but they will not submit a claim and the government is not required to compensate them.” read more

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Dutch government proposes faster cuts in Groningen gas production

|By: , SA News Editor

  • The Netherland’s Groningen gas field will produce less than 12B cm/year by October 2020, the country’s economic affairs minister says.
  • The purchase of nitrogen to mixed with imported gas could lead to a reduction in gas extraction of 1B-1.5B cm, the minister says in a letter to the Dutch parliament, adding that Groningen gas production could drop by another 7B cm once the nitrogen plant in Zuiderbroek is operational.
  • In March, Prime Minister Rutte said the government aimed to end all production in Groningen by 2030 due to earthquakes.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).
  • read more

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    Shell writes off Groningen gas field on Dutch phase-out

    Reuters Staff: APRIL 26, 2018 / 4:02 PM

    LONDON (Reuters) – Royal Dutch Shell said on Thursday it would write down its reserves in the Groningen gas field, one of Europe’s largest, following the Dutch government’s decision to phase out production by 2030.

    The Anglo-Dutch company holds a 50 percent stake in the field, which has seen production reduced in recent years following a series of damaging earthquakes. 

    Shell said it expects to write off an estimated 0.5 to 0.65 billion barrels of oil equivalent in 2018. read more

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    SHELL WRITES OFF NAM SHARES OVER GRONINGEN GAS EXTRACTION REDUCTION

    By Janene Pieters on April 26, 2018 – 12:20

    In its bookkeeping, Shell is reducing the value of its interest in NAM to zero in response to the Dutch government deciding to cin the coming years, RTL Nieuws reports.

    Dutch petroleum company NAM is responsible for gas extraction in Groningen. NAM is owned half by Shell and half by ExxonMobil. Depreciating its shares in NAM is costing Shell 244 million dollars, according to RTL.  

    The Dutch government concluded that safety in Groningen can only be guaranteed if the cause of the gas extraction earthquakes in the province is completely removed. The government therefore plans to reduce gas extraction in the province to 12 billion cubic meters by 2022 at the latest. From October 2022 gas extraction will be reduced to 7.5 billion cubic meters “and possibly considerably less”. And after that it will gradually be reduced to zero. read more

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    Shell writes off entire investment in troubled gas venture NAM

    Thursday 26 April 2018

    Shell has written off its entire $244m investment in gas production company NAM in a move seen as a further attempt to distance itself from the troubled company.

    NAM is a 50-50 joint venture between Shell and ExxonMobil and faces huge damages claims because of the earthquakes in Groningen province which have been caused by the extraction of natural gas.

    The one-off charge was booked in first-quarter earnings published on Thursday, according to the Financieele Dagblad. read more

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    SHELL SHOULD HAVE BEEN MORE ASSERTIVE IN CLIMATE CHANGE WARNINGS, CEO SAYS

    By Janene Pieters on Monday April 16, 2018

    Shell “should have been more assertive” in its warnings about climate change, Ben van Beurden, CEO of the Dutch oil and gas giant said in a podcast by Studio Energie. Environmental group Milieudefensie recently for the role it played in the climate problems the world currently faces. 

    In 1991 Shell released a film that outlined a disturbing picture of the problems climate change will cause in the future. “Perhaps we should have talked louder, maybe we should have made a bigger problem out if it? To be honest, I think, if we look back on that, we could and should have been more assertive”, Van Beurden said in the podcast, according to NOS. “Because now the problem is put on us, while ultimately it is of course a much broader social problem.”  read more

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    Cost of shutting off Groningen gas mounts, minister in dispute with Shell, Exxon

    April 13, 2018

    Economic affairs minister Eric Wiebes is embroiled in a dispute with Shell and ExxonMobil about the bill for closing the gas taps in Groningen, broadcaster NOS said on Friday.

    The dispute revolves around a potential billion euro claim facing the Dutch state from the oil giants, NOS says. It bases its claim on documents obtained using freedom of information legislation.

    If the plans goes ahead to close off the Groningen fields by 2030, some €50bn to €125bn worth of gas will remain underground. And documents from 2016 show the oil companies will make a claim against the Dutch state for lost income, the broadcaster said. read more

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    SHELL, EXXON WANTS COMPENSATION FROM DUTCH GOV’T FOR GRONINGEN GAS LEFT UN-EXTRACTED: REPORT

    Milieudefensie and Groningen residents dump fracking earthquake rubble in front of the Ministry of Economic Affairs in The Hague, 26 Oct 2017. Photo: @milieudefensie / Twitter

    Shell and Exxon wants the government to pay them billions of euros in compensation for the gas that will not be extracted from Groningen now that the government is g, NOS reports.

    With the government’s plans to stop gas extraction in Groningen, between 50 and 120 billion euros of gas will remain un-mined, according to documents NOS got by appealing to the freedom of information act. The oil companies want compensation for that. Previously Minister Erik Wiebes of Economic Affairs and Climate said that the government “does not want a claim for damage over the gas remaining in the ground”, according to the broadcaster.  read more

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    Netherlands outlines plan to stop Groningen gas production by 2030

    |By: , SA News Editor

    The Dutch government says it will phase out gas production at the Groningen field by 2030 as part of efforts to reduce the danger caused by small but damaging earthquakes.

    Production is set for 21.6B cm this year, already down from a peak of 53.8B cm in 2013, and is planned to fall to below 20B cm for the production year beginning October 2018 and to below 17.5B cm for the 2019 year, assuming average temperatures, then to 12B cm in the coming 4-5 years and to zero at the end of the 2020s. read more

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    NAM NEWS BRIEF ON HANDLING GRONINGEN EARTHQUAKE DAMAGE CLAIMS

    Printed below is an English translation of information published today by Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil each owning a 50% share in the company responsible for the earthquake blighted Groningen Gas Field and consequential potential bill for untold billions in damages to effected residences.

    BEGINS

    Before 1 July 2018 an offer to handle 6,000 old claim notications

    Any resident who reported damage reports after 31 March 2017 as a result of an earthquake, can contact the independent Temporary Committee for Mining Damage Groningen from 19 March 2018. At the request of the government, NAM handles the ‘old’ outstanding 6,000 damage reports, before 31 March 2017. read more

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    Gas producer NAM sees no need for further measures at Groningen field

    Reuters Staff: 19 FEB 2018

    AMSTERDAM, Feb 19 (Reuters) – Dutch gas company NAM on Monday said it sees no need for further measures at the Groningen field after a recent series of relatively small earthquakes in the region.

    The Dutch gas sector regulator last week ordered a new review of production at the field in the north of the Netherlands, after three tremors with magnitudes of 1.7 to 2.2 between Feb. 8 and Feb. 11. 

    After a 3.4 earthquake in January the Dutch government already said it would cut Groningen production by 44 percent as quickly as possible, while ordering the immediate shutdown of five production points in the earthquake-prone field. read more

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    Dutch residents lose patience after years of tremors

    Anjli Raval, Oil & Gas Correspondent

    This corner of the Netherlands has for decades been blighted by earthquakes triggered by extraction from the Groningen gasfield, discovered in 1959 and the largest in Europe. But their frequency and magnitude have been increasing, damaging houses and infrastructure and agitating communities who blame the government and two of the world’s biggest energy companies for billions of euros in damage.

    FULL ARTICLE CAN BE FOUND ON FT WEBSITE

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    Shell doubles profits but faces multibillion-dollar Dutch quake bill

    Damage claims over tremors linked to Dutch gasfields clouds strong earnings for 2017

    The Dutch government said this week that an independent commission will rule on thousands of claims from people affected by tremors caused by a gasfield run by NAM, a joint venture owned 50-50 by Shell and ExxonMobil. Van Beurden said: “We are talking about multibillion-dollar potential bill for years to come because these earthquake will continue to occur unfortunately. read more

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    Groningen production restrictions to prove costly for Dutch government, says WoodMac

    Planned production cuts to the Europe’s largest gas field is to cost the Dutch state-run Enrgie Beheer Nederlands $5billion over the life of the field as well as cause the continent to look elsewhere for supply, according to analysts Wood Mackenzie. Groningen has been a major global asset for operators Shell, ExxonMobil and Energie Beheer Nederlands.

    There have been a series of powerful earthquakes in recent years around the Groningen field brought on by gas mining, with a tremor last month registering 3.4 magnitude – the most powerful to hit since 2012.

    Yesterday the Staatstoezicht op de Mijnen (SoDM) mining association recommending the Ministry of Economic Affairs imposes an output cap of 12 billion cubic metres (bcm)  annually over the next four years in the interests of safety.

    The limit represents an annual cut of nearly half from the last cap of 21.6 bcm, and a drop of around 70% since the first cap was imposed in 2014. read more

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    GAS FIRM TO WITHHOLD SHELL, EXXON PROFITS; PROMISES CASH TO EARTHQUAKE-PRONE REGION

    By Janene Pieters on January 31, 2018 – 13:40

    Dutch gas firm NAM will for the time being not pay profits to its two shareholders – Shell and ExxonMobil, Shell announced in a press release. NAM has 18 billion euros available to compensate for damaged caused by gas extraction related earthquakes in Groningen for the next five years, the Dutch gas firm also announced in a press release.

    These two press releases were an attempt to calm unrest caused by the revelation that Shell withdrew its so-called 403 declaration from NAM last year, as Trouw reported on Saturday. This 403 declaration held Shell liable for NAM’s debts. The withdrawal of this declaration, which happened in June last year, raised concerns that Shell is trying to escape its liability for damages caused by fracking earthquakes in Groningen. read more

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    Dutch could cut Groningen gas output by a fifth- analysts

    Reuters Staff: JANUARY 30, 2018 / 3:58 PM

    * The Netherlands is most gas-reliant EU nation

    * Groningen gas output already 60 pct below 2013 peak

    * Government to cut production as much as possible

    * Falling export obligations ease demand pressure

    By Bart H. Meijer

    AMSTERDAM, Jan 30 (Reuters) – The Netherlands can cut gas output from the Groningen field by roughly a fifth after this month’s tremors but it will need to fill some of the gap with increased imports to meet domestic needs and honour its export contracts, analysts say. read more

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    MPs angry as Shell distances itself from NAM earthquake claims

    There has been furious reaction after energy giant Shell distanced itself from possible claims for earthquake damages in Groningen province made against its subsidiary gas production company NAM.

    MPs are calling for an emergency debate to discuss the issue, the Financieele Dagblad reported on Monday.

    In addition, farmers in the earthquake-damaged province of Groningen are planning a demonstration Monday evening in Delfzijl, local paper Dagblad van het Noorden said. Farmers claim subsidence harms their crops and threatens their manure stores.

    Moreover, many claim NAM does not have the money to settle the escalating claims which are certain to reach billions of euros.

    The row was triggered on Saturday when Trouw said Shell was backing away from possible earthquake damages claims made again NAM, an assertion based on Shell Nederland’s annual report published in June 2017. read more

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    Dutch gas regulator to publish Groningen recommendation on Feb. 1

    AMSTERDAM, Jan 24 (Reuters) – The Dutch gas regulator will publish its recommendation for production at the Groningen gas field on Feb. 1, a spokeswoman said on Wednesday.

    Regulator SodM was asked to provide advice on a new production cut after the northern Dutch region was hit by the strongest earthquake in years earlier this month.

    Both the regulator and gas production company NAM, a joint venture between Royal Dutch Shell and Exxon Mobil , have said that production needs to be cut substantially from the current level of 21.6 billion cubic metres (bcm) per year to limit seismic risks in the region. read more

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    Gas field earthquakes put Netherlands’ biggest firms on extraction notice

    Extraction from the Groningen field, one of Europe’s richest sources of gas, is operated in a joint venture between Royal Dutch Shell and ExxonMobil, but has been capped in recent years by ministers due to seismic activity in the area. Following a quake two weeks ago which registered at 3.4 on the Richter scale – the second-strongest recorded above the gas fields and the biggest in five years – the country’s minister for economic affairs, Eric Wiebes, put major corporations on notice this week. read more

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    Why the Dutch are Missing Out on the Global Natural Gas Glut

    The world may never have produced more natural gas, but that’s little comfort for the Dutch government as it seeks to replace flows from Europe’s biggest field.

    Lawmakers in the Netherlands on Tuesday will discuss options to supply their pipeline network, which was built around the relatively poor-quality gas from the Groningen deposit. More than a half century of production there triggered earthquakes, forcing the scaling back of output.

    Progressive Decline

    Annual gas output from the Groningen gas field under new rules read more

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    Shell/Exxon (NAM) has delivered an urgent report to the Dutch State Supervision of Mines about the Zeerijp earthquake

    TRANSLATED INFORMATION PUBLISHED 11 JAN 2018 IN DUTCH BY NAM

    The Zeerijp quake

    As a result of the recent earthquake at Zeerijp, NAM delivered a report to the State Supervision of Mines Supervisor (SSM) within 48 hours.
     
    The report proposes measures for the Minister of Economic Affairs and Climate to ultimately decide on in the context of safety, safety perception and other assessment frameworks. In addition to primary safety, the safety experience of the citizens of Groningen is central to this.

    Gerald Schotman emphasized in various interviews to national and regional media that NAM is not concerned about the level of gas production. That is a decision that politics must take. read more

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    Further production cut eyed for Groningen after tremor

    |By: , SA News Editor

    Dutch gas company NAM says it will propose reducing production at the Groningen gas field following an earthquake on Monday that was the largest in recent years.

    NAM, a Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) joint venture that operates the Groningen field, says it will propose a shutdown of some production clusters, leading to a lower production volume overall.

    The Dutch government has cut gas production several times in recent years from 39.4B cm in 2015-16, as decades of gas extraction have led to dozens of earthquakes every year in the Groningen region; the new government already agreed to cut output to ~20B cm by 2021 from a current 21.6B cm. read more

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    Magnitude 3.4 tremor at Groningen gas field 

    AMSTERDAM, Jan 8 (Reuters) – The Dutch minister for the economy said on Monday that output at the large Groningen gas field should be reduced “by as much as possible” during the current government term through 2021.

    Eric Wiebes made the comment following a magnitude 3.4 tremor earlier on Monday that was the largest in recent years.

    Dozens of earthquakes every year, resulting from decades of gas extraction, have caused damage to thousands of buildings and homes and prompted a dramatic shift in government policy now aimed at capping output. read more

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    UPDATE 2-Dutch court rejects government’s Groningen gas production plan

    Wednesday’s decision was met with jubilation from Groningen citizens, many of whom have seen their houses damaged by the thousands of small earthquakes triggered by the gas extraction.

    By Bart H. Meijer: NOVEMBER 15, 2017

    THE HAGUE, Nov 15 (Reuters) – The highest Dutch administrative court has rejected the government’s plan to cap production at a major gas field that has caused damaging earthquakes, saying it might be possible to cut output further without endangering supplies.

    The decision adds another chapter to the long fight over gas production in the northern Dutch province of Groningen, where citizens accuse the government of endangering their lives while protecting gas revenues. read more

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    Government’s Groningen gas production plan rejected by advisory council

    Nov. 15, 2017 7:55 AM ET|By: , SA News Editor The Netherlands’ top administrative court rejects the government’s plan to cap production at the Groningen gas field and orders a new decision on how much gas can be extracted from the field where drilling has triggered minor earthquakes. The government had proposed capping production at 21.6B cm/year over the next five years, down from 24B cm in the production year just ended and 39.4B cm in 2015-16; the court orders the government to review its decision within the next 12 months, but production may be maintained at 21.6B cm for the year through Oct. 1, 2018. NAM, the joint venture between Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) that operates the Groningen field, says it is studying the ruling.

    SOURCE

    RELATED

    DutchNews.nl: Gas group NAM says more serious earthquakes will hit Groningen: 1 October 2014

    EnergyVoice.com: Quakes force Dutch lawmakers to cut gas production: 11 March 2015

    Bloomberg: Dutch Quakes Toss Wrench Into Gears of Europe Gas Market: 10 March 2015

    Devastating report of a scary scenario: 07 March 2015

    Dutch government says sorry for quakes caused by Groningen gas field: 02 March 2015

    Reuters: Bells toll for Europe’s largest gas field: 02 March 2015

    Groningen Gas Field Shock: Risk of earthquakes at 4.6 on the Richter scale: 24 Feb 2015 read more

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    Shell ‘less concerned’ about Groningen natural gas quota impact than production safety: CFO

    London (Platts)–2 Nov 2017 958 am EDT/1358 GMT

    Anglo-Dutch major Shell is willing to take a financial hit on production from the giant Groningen gas field in the Netherlands to ensure that output can be achieved safely, company CFO Jessica Uhl said Thursday.

    Speaking to reporters after it published its Q3 earnings, Uhl said Shell — which has a 50% stake in Groningen operator NAM — is focusing on safe production from the field.

    “We are working with our partners and with the [Dutch] government to ensure we operate safely — that’s the priority,” Uhl said. read more

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    Shell and Exxon punished by Dutch ad authority for fossil fuel claim

    The television ad stated that natural gas was “the cleanest of all fossil fuels.”

    This is the second time in 2017 that Dutch advertising authorities have sought to punish the oil and gas industry with Statoil reprimanded for claiming gas to be “clean energy” and “low emissions fuel” in June.

    The Dutch Advertising Code Authority stated that the term “cleanest fossil fuel” was not in line with the MRC (the Dutch advertising code).

    Friends of the Earth Europe co-filed the complaint.

    Paul de Clerk of Friends of the Earth Europe, said: “This clear ruling by the advertisement standards board is of great importance. Time after time we see how oil and gas companies are misleading citizens and politicians. read more

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    Exxon, Shell Censured for Claiming Natural Gas Is ‘Cleanest’ Fossil Fuel

    By Farron Cousins: 15 August 2017

    For many years, a standard talking point from the fossil fuel industry and those who speak on the industry’s behalf has been that natural gas is a cleaner alternative to conventional energy sources like coal and oil. This talking point is at least partially responsible for many people—including former President Barack Obama and his Secretary of Energy Ernest Moniz—believing that natural gas can act as a “bridge fuel” in the eventual shift from coal and oil to renewable sources of energy. read more

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    Shell and Exxon face censure over claim gas was ‘cleanest fossil fuel’

    The Dutch advertising watchdog will on Tuesday censure Shell and Exxon for claiming that natural gas was “the cleanest of all fossil fuels” in an advert earlier this year. It will be the second time this summer that the Netherlands advertising standards board has ruled against the fossil fuels industry… FULL ARTICLE 

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    The Abrupt Demise Of Dutch Gas

    The phenomenon is no novelty, with 80 000 damage claims totaling €1.2 billion having been filed with the government and NAM, the operator of the Groningen field, a joint venture between Royal Dutch Shell and ExxonMobil.

    By Viktor Katona – Jul 20, 2017, 3:00 PM CDT

    The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down.

    If that happens, it will entail the tumbling of Netherlands’ indigenous gas production, making it a net gas importer. This is a bitter pill to swallow for producers in the Netherlands, EU’s leading gas producer up to now, given that the Dutch led the world in the 1970s in natural gas exports volumes (the ramp-up in exports was so massive that the Dutch government implemented export caps to put some freeze on it). For Dutch locals, however, this might represent a long-awaited victory and a sign that governments can pay heed to their concerns, if sufficient pressure is applied. It remains to be seen whether an abrupt end to gas production in the Netherlands is in anybody’s interest. read more

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    How Europe’s Monster Gas Field Turned Into a Monster Headache

    By Kelly Gilblom and Fred Pals: 13 July 2017

    Judge to consider demands to close Europe’s largest gas field

    Groningen has contributed almost 300 billion euros to budget

    What was once a blessing is now an expensive curse

    Officials are also considering criminal charges against NAM executives

    Ebe Treffers’s dog was antsy for hours before the boom sounded and the house began to shake, scattering dishes across the kitchen floor.

    Like other residents of the Groningen region near The Netherlands’ North Sea coast, the retired art teacher was used to the subtle tremors caused by decades of extraction at Europe’s largest gas field. But nobody was prepared for the magnitude 3.6 earthquake that struck after dark on Aug. 16, 2012, assured by both state and project officials that there was nothing to fear. read more

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    Critics argue for Groningen shutdown at Dutch court hearing

    Jul. 13, 2017 2:59 PM ET|By: , SA News Editor

    Angry Dutch residents living near the huge Groningen gas field told a hearing today at the Netherlands’ highest court that production should be totally stopped, accusing oil companies of causing minor earthquakes and the government of lying.

    The Council of State is holding two days of hearings to consider appeals against a government plan to cut production at the field by an additional 10% starting Oct. 1.

    Gas production company NAM, a joint venture between Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM), has accepted responsibility for damage caused by the quakes, for which it is paying more than €1B. read more

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    Eventual Groningen shutdown can’t be ruled out, hitting Exxon, analyst says

    Jul. 5, 2017 11:40 AM ET|About: Exxon Mobil Corporation (XOM)|By: , SA News Editor

    Exxon Mobil’s (XOM -1.4%) organic growth could be hurt by problems at the Groningen gas field it shares with Royal Dutch Shell, as production caps caused by rising earthquakes in the region eventually could even lead to a total shutdown, says Raymond James analyst Pavel Molchanov.

    “An eventual field shutdown, which cannot be ruled out, would erase nearly all of Exxon’s organic growth through 2020,” Molchanov writes, seeing little chance that the top Dutch administrative court will grant the oil companies’ appeal against the most recent strict cuts. read more

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    ExxonMobil/Shell: Haven’t Heard of Groningen? You Might Want to Read This

    One team of analyst contends Exxon’s organic growth could be hurt by problems at its Groningen gas field.

    By Ben Levisohn: 

    ExxonMobil (XOM) has enough problems with the price of oil dropping, but it may have on in a large Dutch gas field known as Groningen.

    Exxon runs the field with Royal Dutch Shell (RDS.A), which is being blamed for an increase in the number of earthquakes in the region. That’s led to caps being imposed on production, and could eventually lead to a shutdown altogether say Raymond James analyst Pavel Molchanov and Muhammed Ghulam. They look ahead to the Groningen endgame: read more

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    Shell, Exxon to appeal latest Groningen gas production cap

    Shell, Exxon to appeal latest Groningen gas production cap

    AMSTERDAM, June 28 (Reuters) – A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it will file an appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent.

    The 50-50 Exxon-Shell joint venture, known as NAM, said it has been left in an impossible position by being told it may continue production — vital to supply homes with gas — without guarantees it is meeting safety standards. It also opposes the latest, lowered production cap. read more

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    Dutch Quakes Rattle Exxon, Shell — WSJ

    Big gas field is causing tremors, exposing energy firms to criminal probe and rising bills

    By Sarah Kent Dow Jones Newswires

    GRONINGEN, The Netherlands — For decades, the giant Groningen gas field beneath the flat, green farmland in the north of this country counted among the greatest prizes for Exxon Mobil Corp. and Royal Dutch Shell PLC. Then the earthquakes started.

    Shell and Exxon are pushing back through their joint venture, Nederlandse Aardolie Maatschappij BV or NAM.

    NAM said it is considering formally contesting the government’s decision. It also expressed surprise at the Dutch court order to the prosecutor to open a criminal investigation this year… read more

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    Quakes Giving Dutch Province ‘A Makeover We Don’t Want’

    Quakes Giving Dutch Province ‘A Makeover We Don’t Want’

    By Sarah Kent Dow Jones Newswires

    GRONINGEN, The Netherlands — Irma de Joode was talking on the phone with her brother when she heard what sounded like rolls of thunder and felt her entire house jump beneath her feet. The Aug. 16, 2012, earthquake was the biggest ever to rock the flat, green plains of this northern Dutch province. The source was Europe’s biggest natural gas field. The earthquake was one of more than 300 temblors since 1991 that Royal Dutch Shell PLC, Exxon Mobil Corp. and the Dutch government acknowledge were caused by their activities at the Groningen gas field. read more

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    Big payout for Shell and ExxonMobil from NAM holding

    Big payout for Shell and ExxonMobil from NAM holding

    NAM has €3.4bn earmarked for provisions on its balance sheet. A small portion of this, 15% or €495m, is reserved for claims made against the company for earthquake damage.

    June 2, 2017

    Shell and ExxonMobil, the two shareholders in Dutch gas production company NAM, split €496m in dividend payments in 2016. This was revealed in NAM’s first-ever published annual report on Friday, the Financieele Dagblad said. This marked the first time that it was made clear just how much the two oil giants earn from gas production in the Netherlands. NAM reported net revenues of €3.4bn in 2016.

    But NAM released no comparable profit and sales figures for previous years. NAM’s profit is determined after a payment of about €3bn to the Dutch government. read more

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    Shell, Exxon may appeal over planned Groningen gas output cut

    Shell, Exxon may appeal over planned Groningen gas output cut

    AMSTERDAM, May 24 (Reuters) – A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent.

    The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties had until July 7 to announce an appeal.

    The 50-50 Shell-Exxon joint venture known as NAM, said in a reaction that the measure was “disproportionate” and ignored previously agreed safety norms, which do not call for such a large reduction. read more

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    How Earthquakes Might Be Crimes in Netherlands

    Can a natural disaster be a crime? That’s the question in The Netherlands, where an investigation has been ordered into whether Royal Dutch Shell Plc and Exxon Mobil Corp. are criminally responsible for earthquakes triggered by production at Europe’s largest natural gas field, Groningen. Some of the earthquakes have been strong enough to damage homes in nearby farming communities. Though Groningen is a mainstay of the Dutch budget, its output is gradually decreasing to protect residents. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Court orders Shell-Exxon criminal probe over Dutch gas quakes

    Court orders Shell-Exxon criminal probe over Dutch gas quakes

    By Toby Sterling

    AMSTERDAM, April 20 (Reuters) – A Dutch court ordered prosecutors to open an investigation on Thursday into whether a Shell-Exxon joint venture bears any criminal responsibility for earthquakes triggered by production at the country’s largest gas field.

    No physical injuries have been caused by numerous small quakes, which have damaged thousands of buildings and structures across the north-eastern province of Groningen, and prosecutors had previously declined to act, arguing it was a civil matter. read more

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    Dutch to cut Groningen gas production to lower earthquake risk

    Apr. 18, 2017 12:56 PM ET|By: , SA News Editor

    The Netherlands will cut production of its Groningen gas field by 10% beginning in October to limit the risk of earthquakes, the country’s economy minister says.

    Production would be reduced to 21.6B cm/year from 24B cm/year as a first step, according to the minister; output has been cut several times from 53.9B cm in 2013 as criticism mounted the Dutch government had failed to adequately assess the risk from earthquakes caused by production at Europe’s biggest field.

    Groningen is operated by a joint venture between Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM). read more

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    Dutch court upholds Groningen gas production cap

    Jan. 5, 2017 2:28 PM ET|By: Carl Surran, SA News Editor

    A Dutch court today upheld a government decision to cap production at the Groningen gas field at 24B cm until Oct. 1, 2021, a step aimed at easing the risk of earthquakes triggered by drawing gas from the field.

    The court was responding to requests for a preliminary injunction against the June decision, opposed by groups who sought a halt or a deeper cut to production at Groningen.

    Output has been cut several times from 53.9B cm in 2013 amid criticism that Dutch authorities had failed to adequately assess the risk to citizens from earthquakes caused by gas production. read more

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    Dutch court hit with 25 appeals against Groningen production cap

    screen-shot-2016-11-18-at-16-13-28

    Written by Reporter – 18/11/2016 

    A Dutch court has received 25 appeals against the government’s decision to cap production at the Groningen gas field to an annual figure of 24 billion cubic metres from protesters who do not think it goes far enough.

    A number of groups in the region asked for a steeper reduction to prevent earthquakes, which have damaged thousands of structures in the northern province.

    Groningen used to supply 10% of demand in the European Union.

    But it has halved in the past two years after the Dutch Safety Board said the government was failing to protect citizens from earthquakes triggered by gas exploitation. read more

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    Dutch groups demand tighter curbs on Groningen gas production

    screen-shot-2016-11-14-at-10-17-26

    screen-shot-2016-11-17-at-19-01-26

    screen-shot-2016-11-17-at-19-09-24A top Dutch court has received 25 appeals against the government’s decision to cap production at the Groningen gas field at an annual figure of 24 billion cubic metres from protesters who think it does not go far enough.

    Several groups in the region had asked for a steeper reduction to prevent earthquakes, which have damaged thousands of structures in the northern province.

    Output from Groningen, which once supplied 10 percent of demand in the European Union, has halved over the past two years after the Dutch Safety Board said the government was failing to protect citizens from earthquakes triggered by gas exploitation. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Dutch government confirms cut in Groningen gas output

    screen-shot-2016-09-23-at-19-08-12

    screen-shot-2016-09-23-at-19-09-36

    Screen Shot 2016-09-01 at 08.40.08By REUTERSPUBLISHED: 23 September 2016

    AMSTERDAM, Sept 23 (Reuters) – Gas extraction from the northern Groningen gas field will be held at 24 billion cubic metres per year for the coming five years, Dutch Prime Minister Mark Rutte said on Friday.

    The decision made on Friday by Rutte’s government cemented a preliminary plan to cut output to minimise the risk of earthquakes resulting from production at Groningen, which once supplied 10 percent of the gas used in the European Union. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Dutch parliament orders annual check on Groningen gas production

    screen-shot-2016-09-15-at-17-37-47

    Thu Sep 15, 2016 4:51pm BST

    The Dutch parliament adopted a motion on Thursday ordering the government to evaluate every year whether gas production at the country’s Groningen field can be reduced further.

    Output from Groningen, Europe’s largest gas field, has halved over the past two years after the country’s Safety Board said the government was failing to protect citizens from earthquakes triggered by gas exploitation.

    In June, the government capped production at 24 billion cubic meters (bcm) annually for the coming five years but the motion adopted Thursday opens the door to further reductions. read more

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    Groningen gas demand seen falling sharply

    Screen Shot 2016-09-02 at 12.31.12

    Screen Shot 2016-09-01 at 08.40.08Groningen 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

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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