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Shell to roll out hydrogen filling stations in the Netherlands

Shell aims to establish a network of hydrogen filling stations in the Netherlands and expects to roll out four stations by 2020—two in Amsterdam, one in The Hague, and one in Pesse.

Last update:
Author: PetrolPlaza Correspondent Daniel Infante Tuaño

The oil giant wants to play an active role in the Dutch energy transition and is also working on establishing a network of fast charging stations for electric vehicles, reports Gasworld.

To roll out the hydrogen stations, Shell is availing of a government scheme called the Demonstration Regulation for Climate Technologies and Innovations in Transport (DKTI Transport) of the Netherlands Enterprise Agency, which offers subsidies to low emission transport solutions.

In addition, Shell’s hydrogen stations are part of the extensive hydrogen project H2Benelux, a project co-financed by the ‘Connecting Europe Facility’ of the European Union. read more

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The Netherlands Can’t Afford To Keep Its Natural Gas Promise

By Vanand Meliksetian – Jul 03, 2018, 3:00 PM CDT

The Netherlands has been the source of cheap energy for northwest Europe for the past decades. The discovery of the Groningen gas field, the 9th largest in the world, provided a reliable source of energy in a period when the oil market was rocked by embargos due to the Yom Kippur War in 1973. The future of the Dutch gas sector, however, looks bleak due to two important developments in 2018: a political decision to reduce production with a timeline to stop entirely until 2030 and a new climate agreement. The Netherlands is preparing to make major changes regarding the role of gas in people’s lives. read more

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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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Shell-Partners consortium ready to build Dutch offshore wind farm

Shell-Partners consortium ready to build Dutch offshore wind farm

Reuters Staff: JUNE 28, 2018

AMSTERDAM (Reuters) – A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.

Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the “Borssele 3 and 4” project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.

Building of the wind farm, which will have the capacity to power around 825,000 households, will start in the fourth quarter of 2019, with production expected to begin in 2021. 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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Opposition Lawmaker Demands Probe into Netherlands-Shell Tax Deal

By Linda A. Thompson: June 27, 2018

A Dutch opposition lawmaker is pushing the government to launch a parliamentary inquiry into Shell, calls that follow criticism of the oil giant’s past deals with the tax authority.

Jesse Klaver, the leader of the Dutch Greens, is specifically focused on a 2004 tax ruling the tax authority issued to Royal Dutch Shell Plc. A parliamentary inquiry would be lawmakers’ only shot to question Shell executives about the deal, and would be the latest development in scrutiny of the company’s tax planning. 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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Debate Over Netherlands’ Tax Treatment of Shell Heats Up

June 20, 2018

By Linda A. Thompson

Practitioners are divided over whether an agreement between Shell and the Dutch tax administration breaks EU government aid rules.

The debate has heated up in recent days after an article released June 18 by a Dutch academic claimed Royal Dutch Shell Plc avoided a tax on dividends by routing shares through a trust in the Channel Island of Jersey.

Shell didn’t immediately return a request for comment.

The company received permission to use the structure in 2005 during a merger of its British and Dutch parent companies, but the agreement may have violated Dutch withholding tax rules, according to the article, written by Jan van de Streek, a professor at the University of Amsterdam. read more

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Shell hits back at criticism of tax structure

Shell hits back at criticism of tax structure

Reports allege oil group’s plan has cost Dutch treasury as much as £6.1bn in lost income

Shell has hit back at criticism of a tax structure it set up as part of a relocation of its headquarters from London to The Hague following reports that it has cost the Dutch treasury as much as €7bn (£6.1bn) in lost income. Calls have been made for the European commission to investigate the oil group’s tax affairs after reports claimed that a multibillion-euro bill has been avoided through the use of an offshore trust in Jersey since 2005. FULL ARTICLE read more

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DUTCH GOV’T UNDER FIRE OVER TAX DEAL WITH SHELL

By Janene Pieters on June 18, 2018 

The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell’s British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday.

The Kamer now wants to know whether this tax deal is allowed under Dutch law, and whether any politicians were involved in making it, according to newspaper AD. SP leader Lilian Marijnissen called it a “stinky” deal. GroenLinks wants a parliamentary inquiry into dividend tax. And the four coalition parties – VVD, CDA, D66 and ChristenUnie – jointly submitted questions to State Secretary Menno Snel of Finance.  read more

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Dutch ecologist party asks for investigation of Shell dividend tax payment

Dutch ecologist party asks for investigation of Shell dividend tax payment

Sat 16 June 2018

The Dutch ecologist party, Groen Links, has asked parliament this Saturday to appoint a commission to investigate payment of taxes on dividends by multinational oil company Shell. According to newspaper Trouw, company has since 2005 avoiding this rate “with permission of Dutch Treasury, through Jersey, island of channel of La Mancha [a dependence British Crown]”. During those years, “Shell has distributed among its shareholders about 45 billion euros, of which 7 billion should have been entered in coffers of state.” Shell claims that it has not violated tax rules. 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 climate ambition snubbed by seven out of eight largest Dutch insurance firms

    Seven out of eight of the Netherland’s largest insurance companies snubbed Shell’s climate ambition by abstaining or voting with a fringe group’s resolution.

    Written by

    Only one insurer, Allianz, voted against the resolution put forward by shareholder activist group, Follow This, who are calling for Shell to align its targets with the Paris Climate Agreement at its most recent AGM.

    The three insurers based in the Netherland’s who voted for the resolution, Vivat, NN and Aegon, represent more than £850 million in investment.

    APG, Achmea IM and Achmea Own abstained from the vote, Allianz rejected the resolution, while ASR closed Shell of investments for sustainability reasons. read more

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    Large investors ask Shell to set targets to comply with Paris climate accord

    May 22, 2018

    A group of 26 large institutional investors have petitioned Shell to formulate concrete goals in its effort to address the terms of the Paris climate accord.

    The 26 investors, which have a total of $7.8trn under management, presented a statement to the Anglo-Dutch energy giant during Shell’s AGM in The Hague. The group of  26 includes HSBC Global Asset Management, AXA Investment Manager, Aegon, Calpers en MN.

    In its statement, the investors applauded Shell’s ambition to reduce its carbon footprint by 50% and called on other oil and gas companies to follow suit. read more

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    Shell urged to resist calls to fall into line with Paris climate accord

    20 MAY 2018 • 7:30PM

    Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

    Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

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    Protestors smear Van Gogh museum with oil in anti-Shell protest

    Friday 4 May 2018

    Protesters placed oily black hand prints on several windows at Amsterdam’s Van Gogh museum on Thursday afternoon because of its sponsorship by Shell, the Parool said.

    The protest group Free Fossil Culture said the demonstration was to show its solidarity with environmentalist group Milieudefensie which said on 4 April it would take Shell to court over its climate change strategy.

    The museum was not alerted to Thursday’s action ahead of time. In the meantime the windows have been cleaned. The museum said it will not take steps against the protesters. 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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    Shell to transition from oil when it ‘makes commercial sense’

    Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

    Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector.

    The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time.

    In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. read more

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    Intrigue Thickens Over OML 42 As Neconde Sues Shell

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. In late March, Shell had instituted a criminal procedure against Peter Robinson, a former employee, in the Netherlands, in relation to the sale of the aforementioned block.

    BY SAHARA REPORTERS, NEW YORK APR 10, 2018

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. read more

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    Shell pays out £41billion to governments globally in 2017

    The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

    Written by

    The company has published the findings in a report to accommodate UK regulations requiring transparency on government payments.

    It includes payments in 29 countries where Shell operates and does not include details related to refining, natural gas liquefaction, or gas-to-liquids activities which are not in the scope of UK regulations.

    Shell made the largest contribution to Nigeria, paying over £3billion last year, while the smallest sum went to Bulgaria at £109million.

    The funds for Nigeria include the government’s production entitlement, covering more than £2.1billion. read more

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    New Document Suggests Shell Knew About Climate Change 30 Years Ago

    An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the De Correspondent news platform, has been published in the Climate Files and might just make life that much more difficult for the Anglo-Dutch company.

    The document is an in-depth study of what was at the time called global warming with references to an earlier study and suggestions that the company was interested in researching climate change at least since 1981. read more

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    NGO threatens Shell with lawsuit over climate ‘destruction’

    April 4. 2018

    An environmental campaign group on Wednesday threatened to take Anglo-Dutch oil giant Royal Dutch Shell to court should it fail to comply with climate targets set out under the Paris Agreement.

    “Friends of the Earth Netherlands announced today that they will take Shell to court if it does not act on demands to stop its destruction of the ,” the group said in a statement, accusing the firm of being “among the ten biggest climate polluters worldwide”. read more

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    Green group threatens Shell with court over climate change strategy

    April 4, 2018

    Dutch green group Milieudefensie says it will take oil giant Shell to court unless it adapts its business strategy in line with the climate goals of the Paris agreement.

    Milieudefensie, also known as Friends of the Earth Netherlands, says it has given Shell eight weeks to make the relevant changes or face legal action. The group has drafted in lawyer Roger Cox, who won a 2015 climate case against the Dutch government, as legal counsel. ‘

    This is the first time that legal action has been used to pressure a company to change its business model to avert catastrophic climate change,’ the organisation said. 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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    Shell Suspects Ex-Executive Committed Crime in Nigeria Deal

    A bank account linked to Robinson was frozen by the Attorney-General in Switzerland after requests for legal assistance from the Dutch and Italian authorities, people familiar with the matter said last week. Several hundred million Swiss francs were in the account…

    • Oil giant filed a criminal complaint to Dutch authorities
    • Peter Robinson already facing corruption charges in Italy

    Royal Dutch Shell Plc referred a former vice president for sub-Saharan Africa Peter Robinson to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria.

    The allegations of criminal misconduct by one of its employees come at a difficult time for Shell. Europe’s largest energy company and several former executives, including Robinson, are already facing a criminal trial in Milan over an alleged bribery scheme related to the separate purchase of a Nigerian oil block called OPL 245.  read more

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    Shell Mulls 15-Year Deal for Israeli, Cypriot Gas, Partner Says

    Yaacov Benmeleh: 21 March 2018: Updated 22 March 2018

    (Bloomberg) — Royal Dutch Shell Plc is weighing a 15-year contract to buy natural gas for its liquefied natural gas plant in Egypt from offshore fields in Cyprus and Israel.

    Shell is in talks to purchase 6 billion cubic meters of natural gas a year from the Aphrodite field, located in Cypriot waters, according to Delek Drilling LP’s annual report Wednesday. A potential deal also could include gas from the neighboring Leviathan reservoir, Israel’s largest pool, which is expected to start production by the end of 2019. 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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    Ogoni: Shell Continues to Cast Shadow Over Human Rights in Nigeria

    Photo courtesy of UNPO @Flikr

    15 FEB 2018

    As the British-Dutch oil company pushes to return to the Ogoniland region, civil society actors warn about the risk for human rights that its presence would pose. Since the beginning of Shell’s operations in the Niger Delta in 1957, the company has been responsible for the ruthless exploitation of natural resources in the area, severely degrading the living conditions of the population. Should it succeed in its intention to regain the activity in the region, the respect for the rights of the Ogoni would once again be placed at risk. 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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    Inside the Bribery Scandal Sweeping Through the Oil Industry

    Shell and Eni paid $1.3 billion for oil rights in Nigeria. Whether the money was mostly a bribe is at the heart of one of the industry’s most dramatic criminal cases

    EXTRACTS

    By Sarah Kent in Abuja, Nigeria, and Eric Sylvers in Milan: Feb. 13, 2018 12:40 p.m. ET

    A top oil executive walked into the marble lobby of an exclusive Milan hotel on a chilly winter night. His dinner date was a former Nigerian oil minister offering to sell one of Africa’s biggest untapped oil discoveries.

    Eight years later, the question of whether the $1.3 billion paid for the license to that prized oil field was mostly a bribe is at the heart of one of the biggest bribery scandals the oil industry has ever seen.

    Shell executives, including Malcolm Brinded, Shell’s global exploration and production chief at the time of the deal, will also be tried on those charges, as well as both companies. Eni and Shell both deny wrongdoing, saying they simply paid the government and didn’t know the money would be used for … read more

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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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    Shell faces struggle over €3bn Eneco deal

    The Sunday Telegraph understands that Shell is facing internal divisions over the deal and mounting political opposition.

    Royal Dutch Shell has struck a stumbling block in its march into the European power sector over plans to pluck a Dutch utility from public ownership.

    The Anglo-Dutch oil major is a front-runner in the €3bn (£2.64bn) race to snap up Eneco from the hands of 53 Dutch municipalities after the decision to privatise the green energy company. 

    The group already partners with Eneco on wind power projects in Europe, which could pave the way for its next step into the power market after buying UK energy supplier First Utility for a rumoured £200m. 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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    Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales

    Written by

    Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.

    The Anglo-Dutch major is in its strongest position for many years in terms of its cash generation thanks to its upstream and LNG businesses, analysts said.

    RBC Capital Markets anticipates Shell’s fourth-quarter adjusted net income will more than double year-on-year. The company recorded adjusted earnings of £1.3billion in Q4 2016.

    Analysts said Shell, whose shares are up about 10% over the last 12 months, had been boosted by the sale of assets and disciplined spending.

    The company implemented a £21billion-plus divestment plan following its £47billion mega-merger with BG Group, which was completed in 2016.

    As part of that programme, Shell sold about £3billion worth of North Sea assets to Chrysaor in 2017.

    RBC analysts said the company would have cashed in £1.1billion in the fourth quarter from the proceeds of UK North Sea sales alone. 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 is considering bidding for Dutch green energy group Eneco’

    Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday.

    At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said.

    Shell has hired an unnamed US-based merchant bank to help it in a possible bid for Eneco, sources within the banking industry told the paper.  But Shell itself reacted with a short and powerful ‘no comment’, the Telegraaf said. 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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    Shell develops solar power plant at its Moerdijk chemicals site in the Netherlands

    By PennEnergy Editorial Staff Source: Shell

    The Netherlands – Shell is developing a solar power plant at its Moerdijk chemicals site, with construction planned to begin in 2018. The project will provide an approximate peak capacity of 20MW of renewable power. The power produced from the solar plant will be incorporated in the energy consumption of Shell Moerdijk. The power produced in the installation is the equivalent of the power consumption of approximately 7,000 Dutch households.

    “Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch energy transition,” says Marjan van Loon, president-director Shell Nederland. “We are eager to limit emissions through energy efficiency improvements of our processes and investments in new energy activities at the same time. Other examples of Shell’s work in the Netherlands energy transition include offshore wind in the North Sea, electric mobility at our retail sites and residual heat from Shell Pernis.” read more

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