Exxon Mobil Corporation, Royal Dutch Shell Dealt A Blow As Dutch Govt. Cuts Groningen Production
The Dutch government has decided to cut production from its Groningen gas field after a series of earthquakes led to heightened safety concerns
By: MICHEAL KAUFMAN: Published: Jun 24, 2015
Responding to a series of earthquakes in the northern parts of Netherlands, the Dutch government has decided to slash the gas production at the gas field in Groningen, according to Reuters.
Production at Holland’s Groningen oil field, the biggest of its kind in Europe, will be restricted to 30 billion cubic metres (bcm) for the calendar year 2015, according to the country’s Economy Minister, Henk Kamp. The government had previously planned production of 39.4 bcm during the current year.
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