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Shell writes off Groningen gas field on Dutch phase-out

Reuters Staff: APRIL 26, 2018 / 4:02 PM

LONDON (Reuters) – Royal Dutch Shell said on Thursday it would write down its reserves in the Groningen gas field, one of Europe’s largest, following the Dutch government’s decision to phase out production by 2030.

The Anglo-Dutch company holds a 50 percent stake in the field, which has seen production reduced in recent years following a series of damaging earthquakes. 

Shell said it expects to write off an estimated 0.5 to 0.65 billion barrels of oil equivalent in 2018. read more

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

Dutch King dumps Shell shares out of reputational concern?

This implies that the King does not own shares in Shell, which has seen lots of negative publicity in the Netherlands and abroad over the past years…

King Willem-Alexander has no shares in companies that have the ‘Royal’ predicate, according to a message that appeared on the Koninklijk Huis website on Thursday. This implies that the King does not own shares in Shell, which has seen lots of negativeover the past years, ANP reports.

“The predicated does not mean that the company involved is a supplier or has a different relationship with the Royal Family”, the message reads. It does not state whether any other members of the Royal Family have or had shares in Royal companies.   read more

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

NAM carries out Japan lab experiment to measure earthquake impact on Groningen homes

Printed below is an English translation of information published on 18 April 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.

Experiment with Groningen earthquake in Japan

2018-04-18

In Japan, an earthquake is imitated in the week of 7-11 May in the laboratory of NIED, the National Research Institute for Earth Science and Disaster Resilience. It is a large-scale scientific experiment of NAM with pulvarised rock, which has the same composition as the underground of the Groningen gas field.

Four men prepare the experiment in the Japanese laboratory of NIED

The experiment takes place in Tsukuba Science City, the science city about 50 kilometers northeast of Tokyo. Prof. dr. Chris Spiers of the University of Utrecht is in charge. Spiers is an authority in the field of laboratory experiments into compaction and earthquakes. read more

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

SHELL SHOULD HAVE BEEN MORE ASSERTIVE IN CLIMATE CHANGE WARNINGS, CEO SAYS

By Janene Pieters on Monday April 16, 2018

Shell “should have been more assertive” in its warnings about climate change, Ben van Beurden, CEO of the Dutch oil and gas giant said in a podcast by Studio Energie. Environmental group Milieudefensie recently for the role it played in the climate problems the world currently faces. 

In 1991 Shell released a film that outlined a disturbing picture of the problems climate change will cause in the future. “Perhaps we should have talked louder, maybe we should have made a bigger problem out if it? To be honest, I think, if we look back on that, we could and should have been more assertive”, Van Beurden said in the podcast, according to NOS. “Because now the problem is put on us, while ultimately it is of course a much broader social problem.”  read more

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

Groningen Earthquakes: Dutch Minister Wiebes discusses ‘other financial arrangements’ with Shell and Exxon

Wiebes discusses ‘other financial arrangements’ with Shell and Exxon

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.

Because 300 billion to 500 billion cubic meters of gas will remain unproduced, this will result in a value destruction of € 50 billion to € 125 billion…

Louis Hoeks Carel Grol • Entrepreneurship

The endgame for gas extraction in Groningen has been deployed. After more than half a century of gas extraction, you need very different roles, very different agreements and also very different financial arrangements. We are all looking at that in connection with each other, ‘said Minister Eric Wiebes of Economic Affairs and Climate on Friday after the Council of Ministers.

Two weeks ago Wiebes announced that at the end of the next decade gas production in Groningen must be completely over. That was not a financial consideration, but it was about safety, according to the minister. He also said that it would be ‘up to me to ensure that there is no claim for the gas that is not won’. That could be a billion bill, since NAM has invested a lot and there are billions of gas left behind in the ground. read more

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

SHELL, EXXON WANTS COMPENSATION FROM DUTCH GOV’T FOR GRONINGEN GAS LEFT UN-EXTRACTED: REPORT

Milieudefensie and Groningen residents dump fracking earthquake rubble in front of the Ministry of Economic Affairs in The Hague, 26 Oct 2017. Photo: @milieudefensie / Twitter

Shell and Exxon wants the government to pay them billions of euros in compensation for the gas that will not be extracted from Groningen now that the government is g, NOS reports. Groningen faces multiple earthquakes a year due to gas extraction in the province. The earthquakes leave homes and infrastructure damaged, and Groningen residents feeling unsafe. Following an  early this year, the state supervision on mines SodM called on the government to. The government gave heed. FULL ARTICLE read more

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

Shell pays out £41billion to governments globally in 2017

The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

Written by 

Allister Thomas read more

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

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

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

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, shellnazihistory.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, shellnazihistory.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, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

NAM EARTHQUAKES: Safety of Groningen people and their future is paramount

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

Fatih Birol: ‘Nobody should think that the switch to clean energy is free.’: Photo: Michel de Groot for Het Financieele Dagblad

IEA director: ‘Do not just close the gas tap in Groningen’

Jeroen Groot • Fair

When it comes to energy and the energy transition, world leaders can not get around him. The Turkish economist and energy expert Fatih Birol (60) has been director of the International Energy Agency (IEA) since September 2015, with publications such as the World Energy Outlook for decades the source for analyzes on the energy market.

On Monday he was briefly in the Netherlands to talk about energy policy in The Hague, with Minister Eric Wiebes of Economic Affairs and Climate and the bosses of the major energy companies. His advice: be careful with the Groningen gas, despite the earthquakes. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.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

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

NAM also compensates for damage not caused by an earthquake

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

NAM also compensates for damage not caused by an earthquake

From our editor • Economics & Politics

NAM will also compensate claims of earthquake damage in the Northern Netherlands in cases where damage is not or hardly caused or exacerbated by an earthquake. Minister Eric Wiebes of Economic Affairs wrote this in a letter to the Dutch House of Representatives on Friday. read more

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