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Earthquake damage: Groningen Gas production goes to zero

Printed below is an English translation of an article published on 29 March 2018 by the Dutch Financial Times, Financieele DagbladRoyal Dutch Shell and ExxonMobil each own a 50% share in NAM, the company responsible for the earthquake blighted Groningen Gas Field and consequential potential bill for untold billions in damages to effected residences.

‘A continuous gas extraction, flanked by a massive compensation, repair and reinforcement operation, is therefore not a sustainable situation’

Groningen Gas production goes to zero

Louis Hoeks Carel Grol • Economics & Politics: 29 March

The Netherlands is going to phase out gas production in Groningen, with a ceiling of 12 billion cubic meters per year as an intermediate step. The goal must be achieved by 2030 at the latest. That is what Prime Minister Rutte said on Thursday after the Council of Ministers.

Minister Eric Wiebes of Economic Affairs and Climate spoke in an explanation of ‘a turning point’. ‘It is technically possible to exhaust the gas bubble, but not socially acceptable. I fought for the Groningers. “

Uncertainty among residents

Groninger gas remains in the ground, says Wiebes. He estimates that 85 to 90% has been won by the time the extraction has stopped. The minister does not want to discuss the costs. According to him, this is due to minister Hoekstra van Financiën, who will report more about it in the Spring Memorandum. “This is not a day to talk about money,” says Wiebes. ‘The decision is not based on financial considerations, but on safety and security of supply.’ read more

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NAM Groningen earthquakes creating avalanche of damage repair work

And employment in Groningen? ‘At the moment, a lot of extra people are working in the construction and installation sector for the damage repair’, says Luman. ‘This will continue to be the case in the near future.’

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele DagbladRoyal Dutch Shell and ExxonMobil each own a 50% share in NAM, the company responsible for the earthquake blighted Groningen Gas Field and consequential potential bill for untold billions in damages to effected residences.

Gas never became Limburg coal for Groningen

Carel Grol • Entrepreneurship

Natural gas in Groningen is declining. Production is falling, as is employment. At the end of the next decade, the gas crane must be completely closed by order of The Hague. That will be quite noiseless in Groningen.

The Dutch Petroleum Company (NAM) came Thursday with a summary response to the government’s decision. ‘NAM is making preparations in its business operations for lower production in the coming gas years,’ said the company, which is 50% owned by Shell and 50% by Exxon. And yes, NAM realizes that gas extraction has ‘brought a lot of prosperity, but also has a downside’. read more

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

After closing the NAM Groningen gas tap, a trajectory full of obstacles follows

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

The whole process was given a new dynamic by the earthquake in Zeerijp on 8 January.

After closing the gas tap a trajectory full of obstacles follows

Louis Hoeks, Carel Grol • Economics & Politics

With seven-mile boots, Eric Wiebes steps through the Groninger gas file, culminating in the Cabinet decision that was made public on Thursday. By 2030, seven decades after the discovery of the first Groningen gas at Slochteren, the gas tap will close. ‘A turning point’, the Minister of Economic Affairs and Climate said correctly. “Historically,” MPs said, also from the opposition. Friend and foe were surprised by it. read more

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

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

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

Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says

The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said. Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a report Monday. That will increase their attraction for investors after years of elevated spending followed by crude’s slump sent their weighting in global equity indexes to a 50-year low, according to the bank. FULL ARTICLE read more

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

In court, Big Oil rejected climate denial

In a California court case this week, Judge William Alsup asked the two sides to provide him a climate science tutorial. The plaintiffs are the coastal cities of San Francisco and Oakland. They’re suing five major oil companies (Chevron, ExxonMobil, Shell, ConocoPhillipsand BP) to pay for the cities’ costs to cope with the sea level rise caused by global warming. FULL ARTICLE

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

Shell to sell West Qurna 1 oilfield stake to Japan’s Itochu for $406 million

 Reuters Staff: MARCH 23, 2018

(Reuters) – Oil major Royal Dutch Shell on Friday agreed to sell its entire stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp for $406 million. The deal comes shortly after the Anglo-Dutch company agreed to exit the Majnoon oilfield, one of the largest fields in OPEC member Iraq, and hand over its operation to state-run Basra Oil Co (BOC) by end-June. Shell EP Middle East Holdings B.V. will sell the entire share capital of Shell Iraq B.V. (SIBV), which holds a 19.6 percent stake in the oilfield to a unit of Itochu, the Anglo Dutch company said. FULL ARTICLE read more

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

NAM places GPS antennas in Groningen gas field area to monitor earthquakes

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.

NAM will install 30 GPS antennas in the coming weeks and around the Groningen gas field. The soil subsidence of the Groningen gas field is monitored with the GPS antennas. The measurement data are used for the risk studies in the context of the earthquakes.
 
Measurements at one location make it possible to immediately compare soil subsidence results. Possible measurement differences are discussed with, among other things, State Supervision of Mines (SSM).
 
Placing the GPS antennas is part of the measurements made in the framework of the so-called Study and Data Acquisition Plan of NAM, part of the 2016 Winningsplan.
 
The GPS units are placed wherever possible within the enclosure of existing mining sites. The units must operate without being affected by vibrations, such as caused by local traffic.
 
Read more on NAM.nl for more information about placing the 30 GPS antennas. read more

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U.S. judge to question Big Oil on climate change

David Levine: 21 MARCH 2018

SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming. The cities of San Francisco and Oakland, California sued Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N), ConocoPhillips (COP.N), Royal Dutch Shell PLC (RDSa.L), and BP PLC (BP.L) last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change. FULL ARTICLE read more

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Chevron Says Climate Change Lawsuit `Not Viable’ As It Prepares To Educate Judge On Science

Daniel Fisher: Writer and communications consultant and former senior editor with Forbes magazine; 21 March 2018

Five of the world’s largest oil and gas producers have filed a motion to dismiss a climate change lawsuit against them by the cities of Oakland and San Francisco even as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case. In a 45-page filing on Tuesday, Chevron, BP, ConocoPhillips, ExxonMobil and Royal Dutch Shell urged U.S. District Judge William Alsup to dismiss the lawsuit seeking billions of dollars to pay for costs associated with global warming. The oil companies argue the U.S. Supreme Court and the U.S. Court of Appeals for the Ninth Circuit have repeatedly rejected similar lawsuits against oil companies, the auto industry and electric utilities because Congress has given authority to regulate CO2 emissions exclusively to the Environmental Protection Agency. FULL ARTICLE read more

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

Groningen Earthquakes: When will NAM stop producing gas and ‘de-book’ the reserves?

Printed below is an English translation of an article by Dutch newspaper NRC Handelsblad suggesting that future costs for the *NAM may be higher than the benefits and if so, NAM joint owners Shell/Exxon may stop producing from the Groningen gas field and ‘de-book’ the reserves.

Rising costs and declining production end gas extraction by NAM in Groningen into a realistic scenario, think Lucia van Geuns and Jilles van den Beukel.

Plan for gas reduction brings NAM Exit Closer

After the earthquake in Zeerijp (January 8) a plan is now being worked out to reduce the extraction of Groningen gas. Minister Wiebes (Economic Affairs and Climate, VVD) aims to reduce production as quickly as possible from 21.6 to 12 billion cubic meters per year.

He has informed 200 large-scale users – including companies in the chemical and food sector – that they have four years to switch from this Groningen gas. read more

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

Oil and gas extraction causing destructive earthquakes in Groningen and Oklahoma

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. It is partly about NAM Nederlandse Aardolie Maatschappij BV., 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 the consequential potential bill for untold billions in damages. The article discusses the similarity with recent earthquake activity in Oklahoma arising from shale oil and gas extraction.

Begins

Do the ‘shale farmers’ go after the Groningers?

Jeroen Groot • Economics & Politics

The bottom trembles and walls tear in Oklahoma. Yes, that sounds familiar, and the cause is also: oil and gas extraction. Is a ‘Groningen scenario’ taking place in the US, including shutting down the taps? Then it quickly ends with low oil prices.

The damage will be viewed in November 2011 at a St. Gregory’s University building in Shawnee, Oklahoma. Photo: Hollandse Hoogte / AP | Associated Press

On Friday it was hit again in the US state of Oklahoma: an earthquake of 3.6 on the Richter scale. As far as known, this quake did not cause any damage, but that was different on Sunday 4 March. Then the places Enid and Breckenridge, 150 kilometers north of Oklahoma City, were hit twice in rapid succession by a quake with a force of 4.2.

‘Houses with cracks in the walls, doors that can no longer open or close. People reacted quite startled, ‘Mike Honigsberg tells us by telephone from Enid. Honigsberg is director of the Garfield County Emergency Management, a kind of crisis center for calamities such as large fires and nowadays also earthquakes. These are, as in Groningen, associated with the extraction of oil and gas. read more

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

Shell and Anadarko avoid divorce after spat, plan Permian growth

An oil rig on Anadarko’s acreage in the Permian Basin. Photo: Brett Coomer / Brett Coomer / Houston Chronicle

Royal Dutch Shell and The Woodlands’ Anadarko Petroleum feuded last year over spending and control of their Permian Basin joint venture in West Texas. Now, they say, they’ve avoided a messy divorce and are primed to grow in the booming oil and gas region. FULL ARTICLE

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Shell mulls investment in new wave of LNG projects

Shell chief executive Ben van Beurden says the company is looking to finalize new investments, which may include the company’s LNG Canada project

Geoffrey MorganGEOFFREY MORGAN Published on: March 8, 2018 | Last Updated: March 8, 2018

HOUSTON – The head of Royal Dutch Shell Plc dropped a hint that it’s keen to invest in liquefied natural gas projects soon on Tuesday, a tantalizing prospect for Canadian gas producers desperate to access rapidly changing global energy markets. Shell chief executive Ben van Beurden did not specifically mention the company’s LNG Canada project in Kitimat, British Columbia when he addressed a room of oil and gas executives on Wednesday, but indicated the company is looking to finalize new investments. FULL ARTICLE read more

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

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

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

At energy summit, climate pits U.S. against Europe

FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

Ron Bousso: 7 MARCH 2018

HOUSTON (Reuters) – The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell Plc (RDSa.L) urged the energy sector to focus on global efforts to cut carbon emissions, reflecting a yawning trans-Atlantic gap on climate issues. Speaking at the CERAWeek conference in Houston, Shell CEO Ben van Beurden outlined an ambitious plan to reduce the Anglo-Dutch company’s carbon footprint and expand in renewables, and called on others to follow.  FULL ARTICLE read more

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