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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

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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

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Shell corporate espionage

Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

Our case against Shell, including witnesses and evidence, was the subject of undercover activity. Witnesses were interviewed by an undercover agent posing as a journalist. The same person also gained access to our evidence under false pretences. Evidence was scrutinized and tampered with during a series of what the police unofficially concluded were targeted burglaries.

Extract below from pages 95, 96 & 97

Shell corporate espionage in the run-up to the Smart trial

Titled Shell directors, the late Sir Peter Holmes, and Sir William Purves were also directors, major shareholders and the spymasters of Hakluyt & Company, a UK corporate espionage firm founded by former senior MI6 officers. Shell used Hakluyt to engage in cloak and dagger operations against its perceived enemies, including Greenpeace, as exposed in a Sunday Times front page lead article.

When Shell first instigated a cloak and dagger operation against us, we had no knowledge of the oil giants long time involvement in the dark arts.

I first mentioned the subject of investigative activity in a letter dated 15 June 1998 that I sent to Dr Chris Fay, the then Chairman & Chief Executive of Shell UK Limited. It was also copied to Shell lawyers.

From paragraph 4 of page 3:

“Shell did retain an investigative specialist in connection with the previous litigation. They made investigations about me going back over a decade.” read more

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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

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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

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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

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    A BLUNT INSIDER JUDGEMENT OF ROYAL DUTCH SHELL

    Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

    (BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

    Extract below from pages 55, 56, 57 & 58 consisting of an informed damning judgement (in June 2004) on Shell management by Dr. John Huong a Shell Production Geologist. He blew the whistle internally on the reserves fraud that resulted in the forced merger of Shell Transport and Trading and Royal Dutch Petroleum, into Royal Dutch Shell Plc in 2005. He was fired for being a person man of high integrity. Eight companies in the Shell group jointly sued him for defamation, but eventually, six years later, settled that action along with his claim against Shell for wrongful dismissal.

    Extract Begins

    CONTENT OF A LEAFLET PUBLISHED ON OUR WEBSITE AND CIRCULATED IN JUNE 2004 AT THE SHELL CENTRE, LONDON. ALL EXTRACTS FROM COMMENTS MADE BY DR. JOHN HUONG

    “I will supply for publication further informed comment and revelations in the run up to Shell’s AGM on 28 June. It will include examples of the toxic combination of arrogance, greed, dishonesty, and blatant disregard for all ethical norms by Shell Management, that has culminated in the current shame heaped upon the once proud Shell name.” read more

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

    SHELL TEXACO MERGER HITCH?

    Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

    (BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

    Extract from page 55

    The main Smart litigation was so long drawn out and intensely reported that it was said to have scuppered a merger deal between Shell and Texaco.

    Extracts from a related magazine article dated July/August 1999 (the linked file also contains a salient letter circulated by Shell to Shell retailers):

    One ex-Shell employee said, “This has been an on-going saga for so long now, one could reasonably assume that the action had become a fly in the ointment for any potential deal. From the language of the statements it does seem that Shell has wanted to draw a line under this action and secure the future of Smart. This could now pave the way for a merger, and Texaco would be the likely candidate.” The recent fluctuations in the oil price and the need to rationalise and cut costs across major markets has led oil giants into increasingly ambitious partnerships. 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

    Shell withdraws NAM guarantee, but why?

    NAM had made provisions for € 495 million to compensate for earthquake damage, according to the annual report. That is a pittance compared to the final costs. Last week, NAM lost another lawsuit about the decline in value of houses. That damage is valued at at least € 1 billion. The ‘Groningen file’ will cost billions.

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

    Carel Grol • Entrepreneurship

    Shell withdrew the so-called 403 statement for NAM, which concerns liability for subsidiaries, last June. This has been overtaken by newspaper Trouw. Does Shell, therefore, lose its responsibility for compensating for the damage caused by the damage? Shell Nederland states that NAM will meet all its obligations, but experts doubt that. Politics The Hague is furious. Five questions about this legal provision, which can have far-reaching consequences. read more

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

    Shell/Exxon NAM Earthquakes: Thousands of people protested in Groningen last week

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

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

    From our editor • Entrepreneurship

    Shell is no longer responsible for debts with the 50% subsidiary NAM. The damage to houses caused by earthquakes in Groningen is therefore not at the expense of the petroleum company. read more

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

    Court decision against SHELL/EXXON (NAM) in earthquake damage claims

    English translation of a news brief issued 25 Jan 2018 by NAM, the Dutch Gas company owned jointly by Shell and Exxon. 

    Hof van Leeuwarden rejects NAM appeal

    The Court in Leeuwarden dismissed NAM’s appeal in the WAG case on Tuesday, January 23, about compensating for houses and buildings in Groningen that have fallen in value as a result of earthquakes.

    NAM appealed against the judgment of the District Court in Assen on 2 September 2015. “The question raised in this appeal was not whether value reduction as a result of earthquakes should be compensated by us, but at what time and how this should be done “, explained NAM director Thijs Jurgens of the Groningen Earthquake team. “The court rules otherwise and we are going to take that seriously.”

    Value control

    With the Value Scheme, NAM compensates for the decline in value of the sale of a house since January 2013. From the start of the scheme, 94% of the proposals for compensation for the decrease in value of NAM have been accepted. read more

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

    Bombarded by threats from Shell

    Extracts from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

    (BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

    Extracts from pages 53, 54 & 55

    Shell Legal Director Richard Wiseman “personally” kept senior Shell directors informed of progress in the SMART case.

    This included the then Royal Dutch Shell Group Chairman, Mr. Cor Herkstroter and two titled Shell Transport directors. Namely, Sir William Purves and Sir Peter Holmes (now deceased) – a former Group Chairman of the Royal Dutch Shell Group. The significance of the two latter names will become apparent.

    Shell’s machinations during the run-up to the SMART trial (the breach of confidence case), destroyed any prospect of a fair trial. 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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