Minister Eric Wiebes of Economic Affairs and Climate reached an agreement with Shell and ExxonMobil about gas production in Groningen. The government and NAM will invest at least 1 billion euros into quality of life in the gas mining area.
In its bookkeeping, Shell is reducing the value of its interest in NAM to zero in response to the Dutch government deciding to completely stop gas extraction in Groningen in the coming years, RTL Nieuws reports.
Dutch petroleum company NAM is responsible for gas extraction in Groningen. NAM is owned half by Shell and half by ExxonMobil. Depreciating its shares in NAM is costing Shell 244 million dollars, according to RTL.
Dutch petroleum company NAM wants Minister Eric Wiebes of Economic Affairs to adjust the proposals for the new Mining and Gas Act so that the company is less responsible for the consequences of gas extraction in Groningen, such as damage caused by earthquakes, Trouw reports.
An earthquake was felt in Groningen on Thursday afternoon. According to meteorological institute KNMI, the quake had a magnitude of 2.0 and it's epicenter was near Loppersum at a depth of 3 kilometers.
The quake happened around 4:30 p.m., according to broadcaster NOS. Dozens of people from Loppersum, Zeerijp and Garrelsweer reported feeling it. The KNMI called it an 'induced' earthquake, which means that it was caused by gas extraction.
Gas production in Loppersum, Groningen has been shut down with immediate effect, Dutch petroleum company NAM announced on Friday. Closing the Loppersum gas fields immediately was one of the measures the state supervisor on mines SoDM advised following an earthquake in the region last month, the strongest earthquake to hit Groningen in five years.
Gas extraction in Groningen must be halved to a maximum of 12 billion cubic meters a year in order to stop fracking earthquakes and guarantee safety in the province, the state supervisor on mines SoDM said in a recommendation to Minister Eric Wiebes of Economic Affairs and Climate on Thursday. The Loppersum clusters must close immediately, the SoDM said, RTL Nieuws reports.
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.
Dutch oil and gas giant NAM must immediately compensate homeowners in the fracking earthquake zone in Groningen for the depreciation of their home, the court in Leeuwarden ruled on Tuesday. The company only wanted to pay compensation at the sale of the house, arguing that the level of depreciation is only then clear. But the court ruled that it is possible to estimate the value decline of a home without it being sold, NOS reports.
The Centrum Veilig Wonen (CVW), the Dutch official contact point related to earthquake damage, counted 1311 damage reports filed after the earthqueke that struck in Zeerijp last Monday. Around 200 damage reports come from the municipality of Zeerijp.
A 3.4-magnitude earthquake rattled the province of Groningen on Monday afternoon. It has been the hardest earthquake in Groningen since 2012. The KNMI meterology agency qualified the earthquake as "heavy".
The Dutch Minister of Economic Affairs and Climate Policy Eric Wiebes announced that he intends to accelerate the process of decreasing the gas production in Groningen. The minister made the declaration shortly after a relatively strong earthquake, caused by removing natural gas from the ground in the region, shook the province Monday afternoon, according to FD.
A 3.4-magnitude earthquake rattled the province of Groningen on Monday afternoon. There were no immediate damage reports of note following Monday 3 p.m. quake, which had an epicenter near Zeerijp and could be felt at least 10 kilometers away, the KNMI meteorology agency said.
Broadcaster RTV Noord said those in its Europapark, Groningen offices 20 kilometers away could also feel the ground shake.
Attorney Dennis Woudsma said on Twitter it felt as though the building he was in creaked loudly and then began violently shaking as though someone had grabbed it.
Dutch oil and gas giant NAM warns that gas extraction in Hardenberg and its surrounds can cause subsidence, earthquakes and damages to buildings, De Stentor reports.
The NAM wants to keep extracting gas in the Hardenberg area for thirteen years longer than planned. The chances that these practices will cause ground vibrations are real, according to the company. In worst cases it could cause cracks in the nearby buildings.
Minister Eric Wiebes of Economic Affairs and Climate called gas extraction in Groningen a "Dutch government failure of un-Dutch like proportions" during a visit to various Groningen municipalities affected by fracking earthquakes on Wednesday. He wants to quickly make agreements with the local governments about the consequences of earthquakes in the province, ANP reports.
Dutch oil and gas giant NAM is appealing to the Council of State against Minister Henk Kamp's decision to further reduce gas extraction in earthquake plagued Groningen. According to NAM, the Economic Affairs Minister ignored the already established safety standard for gas extraction in the province when making his decision, NU.nl reports.
The directors of Dutch oil and gas giant NAM may face up to 15 years in prison should the company end up being prosecuted for earthquake damage to houses in Groningen, according to well-known Dutch lawyer Gerard Spong.
The Public Prosecutor must investigate whether NAM was guilty of damaging housing, possibly creating life threatening situations, in the gas extraction area in Groningen, the Arnhem-Leeuwarden court ruled on Thursday, NOS reports.
The case was filed by the Groninger Bodem Beweging (GBB) an a number of individuals from the gas extraction area. The Groningen residents say they are dealing with, in some cases severe, damage to their homes caused by earthquakes that resulted from years of gas extraction.
Dutch petroleum company NAM has withdrawn from handling claims related to earthquake damage or any other problems caused by gas extraction in Groningen, RTV Noord reports based on sources within NAM. This follows a report the Dutch Safety Board published on Thursday which states that the Dutch government should be responsible for handling Groningen fracking damage claims, not NAM, NU.nl reports.
Groningen residents are not only voting in the parliamentary elections today, they are also given the opportunity to sign a petition against gas drilling in the province. During the night, groups of volunteers hung posters at nearly all 406 polling stations in Groningen, calling on voters to sign a petition by Freek de Jonge, RTV Noord reports.
Dutch petroleum company NAM can be held liable for immaterial damage suffered by a number of Groningen earthquake victims, the court in Assen ruled on Wednesday. This immaterial damage includes physical symptoms like headaches as well as psychological problems like anxiety, NU.nl reports.
Dutch petroleum company NAM singed up with the Transition Coalition - a coalition of about 50 companies working to accelerate the Netherlands' transition to renewable energy sources, NAM director Gerald Schotman announced in his New Year speech, ANP reports.
"As far as I am concerned, the transition can, if not must, be more ambitious", Schotman said.
Seven farmers in the province of Groningen are filing a lawsuit against Dutch petroleum company NAM. They want more than 6 million euros in compensation for damage caused by gas drilling in the province, NOS reports.
Over the past months there have been numerous negotiations between NAM and the farmers, but to no avail, according to the broadcaster. NAM is only willing to compensate a percentage of the damage amount. One farmer was offered 40 thousand euros in compensation, while he claimed 1.3 million euros.
A massive 90 percent of the money available for settling earthquake damage in Groningen is spent on inspections, experts and reports. Only 10 percent goes to actually repairing the damage caused by fracking earthquakes, the Volkskrant reported on Friday based on the latest quarterly report by Hans Alders, the National Coordinator for Groningen.
Dutch oil company NAM is scrapping 400 of its 2,200 jobs this year, a spokesperson for the company confirmed on Tuesday. All leaving employees are making use of a voluntary redundancy scheme
The Dutch state is also "fully liable" for damage caused by gas extraction earthquakes in Groningen, the court in Assen ruled