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Posts under ‘Groningen Earthquakes’

Financial tremors for Shell/Exxon (NAM) triggered by Dutch earthquakes

From a regular contributor

NAM has been found responsible for immaterial damage to the inhabitants of Groningen in court 2 days ago. NAM is appealing. Individuals can now claim damages to their health, due to stress caused by the earthquakes. I don’t know the exact English translation of this jargon but you get the point, NAM not only has to pay for the physical damage but also for spoiling the lives of people. 

Be prepared for many years of legal battles. The damages are very low compared to the USA but there are many people who can claim. Potential costs can be very high. Obviously, it is the shysters who will get the bulk of the money! And all the time there is pressure to reduce output from the Groningen field. read more

Shell, the oil giant run by unscrupulous hypocrites 

Congratulations to The Guardian on their story exposing the hypocrisy of Royal Dutch Shell in relation to climate change. 

‘Shell knew’: oil giant’s 1991 film warned of climate change danger

Shell subsequently invested billions in highly polluting exploration and production activities around the world. The Guardian provides examples. 

The gap between Shell propaganda and what it actually does is even more striking bearing in mind the core principles of Shell’s claimed ethical code of honesty, integrity, transparency etc. read more

Financial tremors for Shell and Exxon from Groningen earthquakes

By John Donovan

A Dutch court has just upheld a government decision to cap production at the Groningen gas field, a giant natural gas field located in Groningen province in the northeastern part of the Netherlands. The largest natural gas field in Europe.

It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil, with each company owning a 50% share. 

For decades, the venture has been a money spinner for the oil giants and the Dutch government. read more

Dutch court hit with 25 appeals against Groningen production cap

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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

Dutch groups demand tighter curbs on Groningen gas production

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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

Dutch government confirms cut in Groningen gas output

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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

Dutch parliament orders annual check on Groningen gas production

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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

Groningen gas demand seen falling sharply

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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

Dutch see demand for Groningen gas down sharply from 2020

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Screen Shot 2016-09-01 at 08.40.08Demand for gas from Groningen will “fall sharply from 2020” as production at the northern Dutch field is reduced, Economy Minister Henk Kamp said in a letter to parliament released on Tuesday.

The Netherlands has been forced to scale back production by roughly half at Groningen, which once met 10 percent of European Union gas requirements, to 24 billion cubic meters per year due to damage from earthquakes.

Citing a June study by Gasunie, Kamp said a 480 million euros gas conversion facility in Zuidbroek was no longer needed due to falling exports. read more

Shell and ExxonMobil apologise for Groningen earthquake problems

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Officials made the comments during a parliamentary hearing with Shell and ExxonMobil executives after being challenged by GroenLinks MP Liesbeth van Tongeren, broadcaster NOS reported.

‘We acknowledge that the people of Groningen are dealing with most of the problems caused by gas extraction, which we in the Netherlands can thank for our prosperity,’ Shell Nederland president Marjan van Loon said.

‘That is why the people of Groningen deserve our support. The NAM has expressed its regrets and I can fully support that. So I can say too, “I’m sorry, sorry”.’ read more

Oklahoma earthquake: 37 wells ordered to shut down after scientists’ warning

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Screen Shot 2016-09-04 at 16.52.01Samuel Osborne: Sunday 4 Sept 2016

A magnitude 5.6 earthquake in Oklahoma has brought fresh attention to the practice of disposing oil and gas field wastewater deep underground.

The United States Geological Survey said the quake happened at 7.02am on Saturday, in north-central Oklahoma, on the fringe of an area where regulators had stepped in to limit wastewater disposal. 

The shallow quake struck 9 miles northwst of Pawnee, where there were no immediate reports of injuries. Damage in the town appeared to be minor.

An increase in magnitude 3.0 or greater earthquakes in Oklahoma has been linked to underground disposal of wastewater from oil and natural gas production. read more

SHELL CEO: REINVEST NATURAL GAS REVENUES IN RENEWABLE ENERGY

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Screen Shot 2016-09-01 at 08.40.08Posted on Sep 1, 2016 by Janene Pieters

Marjan van Loon, CEO of Shell Nederland, wants to use natural gas revenues from Groningen for a “delta plan” for the transition to green energy and for the local economy, she said in an Interview with the Financieele Dagblad. Though she adds that the Netherlands must continue gas extraction for as long as possible.

According to Van Loon, the Netherlands can still earn billions of euros with the Groningen gas fields, but only if support from Groningen residents and safety are made priorities. Shell has a 50 percent share in NAM, which is responsible for gas extraction in Groningen. read more

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