Dutch oil and gas firm NAM has to significantly cut its costs to reach its financial targets, a company's spokesman confirmed after a report by FD. The costs incurred by the company have to decrease by at least 25 percent.
The Labour Party (PvdA) is making headway with its plan to reverse the burden of proof of earthquake damages caused by gas extraction in Groningen, reports De Telegraaf. MP Jan Vos submitted a proposal to this effect to Cabinet, he said on Wednesday. The Cabinet will have the chance to vote on the proposal Tuesday, says the newspaper.
About 152 thousand of the 212,500 houses and apartments in Groningen are not safe if a major earthquake should strike. That is the conclusion of engineering firm Van Rossum's impact analysis commissioned by the province of Groningen, NRC reports.
The Tweede Kamer's plan that NAM must prove that damage to homes in Groningen was not caused by earthquakes, rather than the other way around, has the residents in the area very happy
The municipality of Groningen has hired an independent research firm to investigate whether the school buildings in the city are earthquake resistant, alderman Ton Schroor announced yesterday. The investigation is funded by the NAM and results are expected just after summer.
The NAM will be using drones to assess the damage caused by earthquakes in Groningen, BNR reports.
As the gas fields grow empty, the province of Groningen will have more and heavier earthquakes, AD reports. This is according to a scientific report by employees of Shell and the NAM, which was recently published in the scientific journal "Journal of Geophysical Research: Solid Earth".
Groningen has once again fallen victim to earthquakes. This time two earthquakes in two days.
The Provincial Faction of the VVD in Groningen wants the natural gas extraction quota in the province to be dropped to 17.5 million cubic meters in the first half of the year.
GroenLinks thinks that the gas price should increase, RTL Nieuws reports. According to the party, that is the only way to compensate for the cost of reducing the gas production.
The Dutch government has no plans to change the amount of gas extracted out of Groningen this year, wrote Economic Affairs Minister Henk Kamp on Thursday. The current level of 39.4 billion cubic meters was recently introduced to reduce the risk of earthquake, and that will remain in effect for now, according to FD.nl.
The threat of a massive earthquake in Groningen is bumping up the price of construction in the province, Jos Aartsen, the chairman of the University Medical Center there has said.
Overnight, another earthquake hit the province of Groningen with a magnitude of 2.0 on Richter scale, reports the Royal Netherlands Meteorological Institute, KNMI. The quake is believed to be caused by gas extraction in the Hoogezand-Sappemeer municipality.
Groningen experienced yet another earthquake at 8 a.m. Tuesday morning. The area of Loppersum, Groningen felt a 2.7 magnitude quake on Richter scale, according to the Royal Netherlands Meteorological Institute (KNMI).
The Nederlandsche Aardolie Maatschappij (NAM) has received 235 damage claims after the earthquake in Groningen early Tuesday morning. According to NAM, it involves relatively minor damage, such as cracks in walls and damage to plaster.
The Nederlandse Aardolie Maatschappij (NAM, Dutch Petroleum Company) has received 75 damage claims after the earthquake in Groningen early this morning. These include reports of cracks in walls and damage to plaster.
The Groningen provincial government has stated that it intends to press a case with the Council of State against the Dutch government if drastic measures are not implemented to reduce gas extraction in the province, the NRC reported Tuesday. The Minister of Economic Affairs, Henk Kamp, is expected to propose a five percent decrease in gas extraction during a stop in Groningen on Wednesday, which would cost the Netherlands about €500 million in annual revenue.
Jacques Wallage, chairman of the so-called "Dialogue Table Groningen" wants a National Office which will work to repair the damage cause by earthquakes in the north of the country. This service must also take measures to prevent damage.
700 private homeowners and 12 Groningen housing corporations are taking the Netherlands Petroleum Company (Nederlandse Aardolie Maatschappij - NAM) to court.
The Cabinet wants to revise the agreements with energy companies Shell and ExxonMobil on the extraction and sale of Dutch gas.
The Nedrlandse Aardolie Maatschappij (NAM) in Assem has already received 40 claims from people whose homes were damaged by the earthquake in Groninnen.
Minister Henk Kamp of Economic Affairs will be called into Parliament to answer for the earthquake problem in Groningen, after MP for the Socialist Party, Eric Smaling, asked for clarification. A majority of Parliament supports the call, the Algemeen Dagblad reports.
An earthquake in Appingedam, in the North of The Netherlands, on Saturday has not caused any known damage. A spokesperson for the Netherlands Crude Oil Company (NAM) tells De Telegraaf that no reports of damage have come in related to the earthquake, which was caused by NAM's gas extraction activities in the North.
Damages paid to residents of Groningen for earthquake repairs have partly been used for holidays trips or paying outstanding accounts. This is according to construction companies and the Netherlands Crude Oil Association (NAM), BNR reports.