Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘NAM’

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

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

NAM EARTHQUAKES: The future of Groningen

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.

Sometimes demolition is the only option for safety reasons…

Together in debate about the preservation of Groningen

At a meeting of the Noorderpers Society on 19 February, NAM spokesperson Hein Dek, at the request of the organization, debated with Annemarie Heite, Marco Glastra (Het Groninger Landschap), DvhN-journalist Maaike Wind and ‘Middelstum activists’ Marko Datema and Mariska The long. Subject: what does the future of Groningen look like? read more

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

Dutch residents lose patience after years of tremors

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

Groningen Earthquake Damage: NAM does not appeal the Zwarberg case

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. It is 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 prone Groningen Gas Field and the consequential potential bill for untold billions in damages.

Begins

Groningen Earthquake Damage: NAM does not appeal the Zwarberg case

Carel Grol • Entrepreneurship

The NAM is not appealing against the Zwarberg family from Termunterzijl, whose house has been declared uninhabitable by earthquake damage. Hiltje and Leny Zwarberg had won the case at the end of last year, and the NAM oil and gas company was looking forward to follow-up steps legal steps. read more

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

NAM claims backing over risks posed by gas extraction under the Wadden Sea

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 prone Groningen Gas Field and consequential potential bill for untold billions in damages.

Begins

SSM approved the Wadden Sea subsidence study

The Dutch State Supervision of Mines (SSM) has approved the follow-up study on subsidence by gas extraction under the Wadden Sea. The SSM Decree underlines the significance of this study and models that enable responsible gas extraction in the Wadden Sea Region. read more

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

NAM tries to reassure Hardenberg residents over danger of gas extraction induced 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 prone Groningen Gas Field and consequential potential bill for untold billions in damages.

Begins

Clear explanation about Hardenberg gas extraction

The blue NAM infotruck this week, from Tuesday 6 to Thursday 8 February, in Hardenberg and a number of surrounding villages. Residents from this region could go here with their questions about gas extraction and the possible consequences. read more

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

NAM compensation pledge for Groningen earthquake damage

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 prone Groningen Gas Field and consequential potential bill for untold billions in damages. 

Begins

NAM pleased with NAM’s new claims protocol

Minister Wiebes of Economic Affairs and Climate presented a new damage protocol together with the region on Wednesday 31 January.

NAM director Gerald Schotman (left) responded with pleasure.

“From now on, the State can resume tackling the damage caused by earthquakes energetically. With this protocol, NAM now definitely stands for the future at a distance from that claim settlement. That was emphatically the wish of the Groningers and also of us as a company. At the same time I continue to emphasise: NAM will also compensate in the future for the damage caused by earthquakes.”

ENDS

The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. Discovered in 1959, it is the largest natural gas field in Europe.  read more

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

Calls for Dutch Parliamentary Inquiry into NAM Groningen Gas Extraction

An estimated 10,000 people marched during a rally against gas extraction in Groningen, Netherlands, earlier this month. Photograph: Pierre Crom/Getty Images

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

Calls for Dutch Parliamentary Inquiry into Groningen Gas Extraction

Louis Hoeks • Economics & Politics

A parliamentary inquiry into the gas extraction in Groningen is flashing. The request for such an investigation by the opposition parties GroenLinks, SP and the Party for the Animals received insufficient support during a debate with Minister Wiebes (Economic Affairs and Climate, VVD) on Wednesday. In the longer term, there seems to be more enthusiasm for a survey.

‘If this is not a good time for a parliamentary inquiry, what is the moment? Everyone needs to know why things have happened, as they have happened, “said Frank Wassenberg (PvdD). There are many questions in the House about decisions of the previous government, especially about the pace at which gas extraction has been reduced. read more

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

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. 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: The week in which the NAM lost control

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

The week in which the NAM lost control

Carel Grol Weekend: 3 February 2018

NAM experienced a week like a fever dream. Gesteggel about the guarantee, a new damage protocol, leaked secret documents, advice for radical production reduction. It does not get any easy, said CEO Gerald Schotman in December, but as busy as it has never been before. And the position of the NAM is steadily declining.

Maybe it started a week earlier. On Tuesday, January 23, the Court of Appeal in Leeuwarden ruled that the Nederlandse Aardolie Maatschappij should compensate the depreciation of houses by gas extraction, regardless of whether the houses are sold or not and whether there is physical damage. Estimated damage: € 1 billion and possibly more, says Pieter Huitema, the lawyer who assists Groningen homeowners. read more

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

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. FULL ARTICLE read more

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

Dutch regulator points to possible 48% production cut at Groningen gas field

|By: , SA News Editor

  • The Dutch mining regulator recommends cutting production at the Groningen natural gas field, the biggest in Europe, by 44% to 12B cm/year from the current cap of 21.6B cm/year to reduce the risk of earthquakes.
  • The government already has cut production from Groningen several times in recent years as decades of extraction have led to dozens of earthquakes each year; once the largest supplier of European Union gas, output at Groningen has been cut by 60% from a peak of 54B cm in 2013.
  • 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

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

    NAM Groningen earthquakes cause major social unrest

    Thousands of people protested in Groningen against natural gas drilling. Photo: Joris van Gennip

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

    2 February 2018

    Minister Wiebes opts for security in sensitive files

    Louis Hoeks Carel Grol • Economics & Politics

    Minister Eric Wiebes of Economic Affairs and Climate has chosen a party. The safety of the Groningen population goes beyond economic interests. He is going to halve the gas revenues from the Groningen gas field, even though it undermines the so-called security of supply.

    The State Supervision of Mines (SSM) advised Thursday Thursday to reduce gas production to 12 billion cubic meters per year. Last year that was just under 24 billion cubic meters. In 2013, 52 billion cubic meters were won. read more

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

    Shell Exxon (NAM) induced Groningen Earthquake Damage €18 Billion plus

    NAM reacted earlier to the news with the announcement that earthquake damage up to € 18 billion can be paid without problems in the next five years. On television at Jinek, Van Loon said that Shell is ‘legally liable’ anyway. ‘We guarantee and the damage is compensated, regardless of the amount’. In an advertisement in the newspaper, Shell stated that it would be ‘behind NAM and Groningen’. The Leiden professor of corporate law Steef Bartman mentioned during the hearing the statement that Van Loon gave to Jinek ‘richly vague’. “For what, how long, is there a maximum?” 

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

    Shell defends Chamber: we guarantee NAM

    Louis Hoeks • Economics & Politics

    If the Nederlandse Aardolie Maatschappij (NAM) is unable to pay for the earthquake costs in Groningen, Shell guarantees this. That is what Marjan van Loon, the director of Shell Netherlands, said on Thursday during a hearing in the House of Representatives.

    We are convinced that the NAM can pay the damage. If that is not the case, then the bill can go to Shell. ‘ Rolf de Jong of ExxonMobil, who owns the remaining 50% of NAM, added ‘never to let a daughter go bankrupt’. read more

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

    Dutch Minister Wiebes Says NAM Must Pay for Groningen Earthquake Damage

    Wiebes did not want to give a prognosis about amounts. What is certain is that it involves billions.

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

    NAM position weakened with new damage protocol 

    Carel Grol • Economics & Politics

    NAM is completely sidelined in the handling of the earthquake damages. The State will deal with the damage, NAM must pay. In case of doubt, the claimant is to be considered in favor of the claimant, damages are no longer limited by so-called geographical contours.

    That is what Eric Wiebes, Minister of Economic Affairs and Climate, said on Wednesday afternoon at the provincial government building in Groningen. Last year it was already clear that the Dutch Petroleum Company (NAM), which extracts the gas from the Groningen field, would be removed from the damage process. Because NAM who took the damage, that was for many people as the butcher who approves his own meat. read more

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

    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

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
    %d bloggers like this: