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DUTCH PRIME MINISTER RUTTE BLAMES HIMSELF FOR DELAY IN A DAMAGE PROTOCOL FOR GRONINGEN GAS SEEPAGE VICTIMS  

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

DUTCH PRIME MINISTER RUTTE BLAMES HIMSELF FOR DELAY IN A DAMAGE PROTOCOL FOR GRONINGEN GAS SEEPAGE VICTIMS

From our editor • Economics & Politics

Dutch Prime Minister Rutte: ‘Time taken to form new cabinet is the cause of delay in new damage protocol for Groningen gas field’

The long time taken for cabinet formation has ensured that there is still no damage protocol for the victims of the gas seepage in Groningen Prime Minister Rutte said in the Buitenhof program on Sunday.

Because Rutte is ultimately responsible as prime minister, he also blames himself for the delay. “As prime minister, I am the first person to speak.” read more

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

NAM €265 BILLION REVENUE FROM GRONINGEN GAS: THEN THE EARTHQUAKES CAME

Once good for 20% of the government revenue and extra influence in Europe, now a national blight: the natural gas extraction in Groningen. The crane is getting closer and closer. But when the earth stops shaking, nobody knows.

€ 265 billion: Total revenue from Dutch natural gas revenues in the period 1960-2013 amounted to approximately € 265 billion.

The Groningen field was a jewel in the Shell portfolio.

Printed below is an English translation of an article published today by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline: 

If you produce gas, you do not actually have to do anything

By Carel Grol

Harry Klevering (68) can still remember the arrival of the gas. About eight years old, he was the youngest of a family of thirteen from the Groningen village of Spijk, when the gas bubble was discovered in Slochteren in the late 1950s. Soon after, the Dutch Petroleum Company (NAM) visited his house, the company that still lives a life later on gas. To install free gas pipes. Tightly over the plinth, even though the tubes were plastic.

This Tuesday afternoon Klevering is in the office of Centrum Veilig Wonen in Loppersum. He just reported damage. He has lived in the same house for 24 years. Red bricks with a pointed roof, on the water. It is the second time that he has suffered damage. On Tuesday there were two explosions and then it felt like the house was falling. read more

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

Earthquake Shaker: Groningen Gas Field is on the highest alert level, code red

Minister Eric Wiebes of Economic Affairs and Climate has arrived in the village of Zeerijp in Groningen, where an earthquake occurred on Monday.

On Thursday, the State Supervision of Mines (SSM) stated that Groningen is in the highest alert level, code red, and that therefore a ‘considerable production reduction’ is necessary.

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

Accelerated reduction of Groningen gas production is expensive and time-consuming

Gert van der Have Louis Hoeks Economy & Politics

The politicians want to close the gas tap further, but that is not possible. ‘I’m going to do everything I can to reduce the costs’, Minister Eric Wiebes of Economic Affairs and Climate promised this week during his visit to the province of Groningen. He has to make that happen now.

According to the coalition agreement, Groningen gas production in 2021 must be reduced to 20.1 billion cubic meters. Wiebes wants to continue. The Dutch Petroleum Company (NAM) also indicated this week, without mentioning volumes, that the gas production will be substantially reduced again. On Thursday, the State Supervision of Mines (SSM) stated that Groningen is in the highest alert level, code red, and that therefore a ‘considerable production reduction’ is necessary. read more

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

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

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

NAM proposes substantial reduction in gas production

…there was another earthquake last Monday, of 3.4 on the Richter scale. That was the second heaviest earthquake in the area above the Groningen field. So the big question is: when is it safe?

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

Heavy earthquake Groningen: Earthquake had a force of 3.4 on the Richter scale

Bert van Dijk Carel Grol • Entrepreneurship

The Dutch Petroleum Company (NAM) has advised Minister Eric Wiebes of Economic Affairs and Climate to substantially reduce gas production in the Groningen field. This is the first time that NAM has so explicitly managed a production reduction.

NAM has already significantly reduced production in the past five years. In 2013, production from the Groningen field was still 54 billion cubic meters. This is 21.6 billion cubic meters this year. Gas is now also won more evenly. Yet there was another earthquake last Monday, of 3.4 on the Richter scale. That was the second heaviest earthquake in the area above the Groningen field. read more

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

New York City sues Shell, ExxonMobil, and other oil majors over climate change

Each of the first six months of 2016 set a record as the warmest respective month globally. Credit: NASA/GISS

 January 10 2018

The New York City government is suing the world’s five largest publicly traded oil companies, seeking to hold them responsible for present and future damages to the city from climate change. The suit, filed Tuesday against BP, Chevron, Conoco-Phillips, ExxonMobil and Royal Dutch Shell, claims the companies together produced 11 percent of all of global warming gases through the oil and gas products they have sold over the years. It also charges that the companies and the industry of which they are part have known for some time about the consequences but sought to obscure them. FULL ARTICLE read more

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

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.ARDS.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

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

Dutch gas company NAM proposes cutting production at Groningen

AMSTERDAM, Jan 10 (Reuters) – Dutch gas company NAM will propose reducing production at the Groningen gas field in the wake of Monday’s earthquake, a spokesman for the company said on Wednesday.

Spokesman Ewoud Nysingh said NAM, a Royal Dutch Shell and Exxon Mobil joint venture that operates the Groningen field, will propose a shut-down of some production clusters, leading to a lower production volume overall.

NAM will present details of its proposal to the government around 1400 GMT on Wednesday. read more

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

‘Heroes of Groningen’ reprimanded by lawyer for lawyers

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

A house in the Lageland in Groningen has been seriously damaged by the earthquakes and will soon be demolished.Photo: Kees van de Veen / HH

‘Heroes of Groningen’ reprimanded by lawyer for lawyers

Bas Knoop • Entrepreneurship

Law firm De Haan has made ‘inadmissible agreements’ about remuneration with thousands of duped homeowners in the earthquake area in Groningen.

The so-called success fees that the Groningen office requires from clients with residential damage, in case they receive compensation from NAM, are a violation of the prohibition of no cure, no pay in the legal profession. read more

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

Big Oil Finds Hurdles Buried in Trump’s ‘America-First’ Tax Plan

For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon. BP Plc and Royal Dutch Shell Plc offered a preview recently, saying they may write off as much as $4 billion in tax assets as a result.

Caps on debt-interest payments and cuts to deductions from previous years’ losses may hurt companies building capital-intensive projects with borrowed money. And other provisions, including time limits on expensing exploration, could hem in drillers with long-term projects, including Exxon Mobil Corp. and Chevron Corp. That may also give an edge to domestic shale production. FULL ARTICLE read more

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

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

Ernest Sheyder and Valerie Volcovici

HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. “The eastern Gulf of Mexico could be very attractive to industry because of the proximity to existing infrastructure in the central and western Gulf of Mexico,” the National Ocean Industries Association, which represents the offshore oil and gas industry, said in a statement. FULL ARTICLE read more

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

Dutch Court Upholds $5.2 Billion Asset Freeze On Kazakhstan Oil Field

Frozen Assets Securing a $520 Million Award Against Republic of Kazakhstan 

NEW YORK, Jan. 8, 2018 /PRNewswire/ — On January 5, 2018, Amsterdam District Court issued a judgment (the “Judgment”) in which it upheld an earlier ex parte attachment granted by the same court on September 8, 2017 to Anatolie Stati, Gabriel Stati, Ascom Group S.A. and Terra Raf Trans Traiding Ltd (together, the “Stati Parties”) with respect to the Republic of Kazakhstan’sshareholding in the Dutch entity KMG Kashagan B.V. (“Kashagan”) which shareholding is held via the Kazakh sovereign wealth fund Samruk-Kazyna (“Samruk”).  Through its stake in Kashagan, which has a nominal value of approximately US$5.2 billion, the Kazakh State participates in the international consortium relating to the Kashagan oilfield, one of the largest offshore oilfields in the Caspian Sea. Other members of the consortium include Eni, Royal Dutch Shell, Total, ExxonMobil, China National Petroleum Corporation and Inpex. FULL ARTICLE read more

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

Quest for new oil discoveries still on back burner

Ron Bousso: January 4, 2018

LONDON (Reuters) – Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. Exxon Mobil, Royal Dutch Shell, Total and their peers are set to cut spending on oil and gas exploration for a fifth year in a row in 2018, according to consultancy Wood Mackenzie (WoodMac), despite a growing urgency to replenish reserves after years of reining back investment. FULL ARTICLE read more

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

Methane still leaking from the ground at site of Shell/Exxon gas explosion decades ago

NAM has also been in the news of late due to recent evidence implicating the company as the cause of small earthquakes impacting Groningen, a province just north of the former gas field.

December 29, 2017 by Bob Yirka, Phys.org

A team with members from several institutions in the Netherlands has found that the area around a site where a gas explosion occurred in 1965 is still emitting methane gas from the ground into the air. In their paper published in Proceedings of the National Academy of Sciences, the group describes their study of the area and the degree of hazard the gas leak poses.

Back in 1965 a team working for the Dutch Petroleum Company (NAM-a venture between Exxon and Shell) accidentally caused a natural gas explosion at a gas field in Sleen, East Drenthe (in a northeastern part of the Netherlands). The blowout turned the sand in the area to quicksand, and a sank and disappeared into the ground. After a period of time, the area was converted into a park. But now, the area is back in the news, because the researchers with this new effort have discovered that the site is still leaking methane. NAM has also been in the news of late due to recent evidence implicating the company as the cause of impacting Groningen, a province just north of the former gas field. read more

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

NAM Dutch Environmental Legacy not just Groningen Earthquakes

In February 1965 there was a explosive blowout at a NAM gas field in Sleen, East Drenthe – an agricultural area of the Netherlands. A whole drilling rig was swallowed in a quicksand lake created by the explosion.

Afterwards, NAM, the company responsible for the explosion all those years ago and the earthquakes now plaguing Groningen, converted the area into a park.

Unfortunately, scientists have discovered to their consternation that methane leaks have contaminated the local groundwater and there is a risk of further explosions. read more

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

All That New Shale Oil May Not Be Enough as Big Discoveries Drop

Companies like Royal Dutch Shell Plc and Exxon Mobil Corp.historically invested tens of billions of dollars over many years to develop huge reserves in isolated areas like northern Alberta, Kazakhstan or in the middle of the ocean. Shale is different. A tight-oil well could be drilled within a year for a few million dollars. As prices fell, more companies jumped in with more investment. Now, shale regions that were barely a blip on world markets a decade ago are expected to pump 7.5 million barrels a day in four years, and output probably won’t peak until after 2025… 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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