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Shell Offloads More Dirty Business: Tenaz Energy Buys Dutch Offshore Assets for $180 Million

Jul 18th, 2024
by John Donovan.
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Posted by John Donovan: 18 July 2024

In a move that’s as surprising as rain in the Netherlands, Shell and ExxonMobil, the environmental knights in shining armor, have decided to pawn off their offshore assets in the Dutch North Sea to Canada’s Tenaz Energy. For the low, low price of €165 million ($180.33 million), Tenaz Energy gets to inherit all the shiny shares of NAM Offshore B.V., a joint venture that also involves the Dutch government.

NAM operates the infamous Groningen gas field in the Netherlands. But wait, there’s more! This sweetheart deal, expected to close by mid-2025, includes all of NAM’s offshore exploration and production businesses, the pipeline infrastructure, and the onshore processing facilities—just not the assets in the Ameland area. Apparently, even Shell has to hold onto something. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Left Sputtering as Netherlands Closes Groningen Gas Field for Good

Apr 17th, 2024
by John Donovan.
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Posted by John Donovan: 17 April 2024

Well, well, well, looks like the Netherlands is finally saying “buh-bye” to the Groningen gas field, leaving Shell scratching its head and counting its losses.

Yep, you heard it right. The Dutch Senate has slammed the door shut on Groningen, putting an end to decades of gas extraction in the region. No more tapping into Mother Earth for those sweet, sweet fossil fuels.

Why, you ask? Oh, just a little thing called seismic risks. Apparently, all that drilling was causing a bit of a ruckus underground, leading to earthquakes that made buildings shake like a leaf in a hurricane. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dutch Senate Hits Snooze Button on Closing Groningen Gas Field

Apr 7th, 2024
by John Donovan.
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Posted by John Donovan: 7 April 2024

In a move that screams “procrastination at its finest,” the Dutch Senate has pushed back the vote on permanently shutting down the Groningen gas field, citing concerns over the country’s energy security. Because who needs timely decisions when you can kick the can down the road, right?

Originally slated for closure on October 1, 2023, and then extended to this October, the Groningen gas field was supposed to bid farewell to its gas-pumping days. But alas, the specter of earthquakes and energy insecurity looms large, prompting the government to consider keeping the field operational just in case winter throws a chilly tantrum. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and Exxon Take Dutch Government to Court Over Gas Field Party Pooper

Feb 14th, 2024
by John Donovan.
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Posted by John Donovan; 14 Feb 24

In an epic tale of corporate vs. nature, Shell and ExxonMobil, the dynamic duo of fossil fuel festivities, have decided it’s time to drag the Dutch government to arbitration court. Why, you ask? Well, they’re a tad miffed that the Netherlands dared to halt their gas-guzzling shindig at the Groningen field, a once merry-go-round of gas supply that fueled Europe’s energy binges for decades.

Let’s set the scene: Groningen, a field so bountiful that Mother Nature herself might blush, has been the life of the party since the swinging ’60s. But as with all good things, the Dutch government, in a move as buzz-killing as it was seismic, decided in 2018 that the earth-shaking consequences of gas extraction were a party foul too severe. By last year, they called last rounds, decreeing that wells be shut down faster than you can say “earthquake.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dutch Government Reluctantly Flicks On Groningen’s ‘Pilot Light’ Amid Chilly Weather

Jan 10th, 2024
by John Donovan.
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This backtrack comes after they boldly declared they would end Groningen’s production last October, winding it down over the years because of the pesky earthquakes. But now, they’re exercising their ‘just in case’ option, like someone keeping an ex’s number ‘just for emergencies.’

Posted by John Donovan 10 Jan 24

In a move that screams ‘last resort,’ the Dutch government, like a reluctant parent turning on the night light for a scared child, has decided to fire up the ‘pilot light’ at the Groningen gas field. This decision comes amidst the impending cold snap, reminding everyone that sometimes, even governments have to go back on their word.

NAM (Nederlandse Aardolie Maatschappij), the prodigal child of Shell and Exxon and operator of the Groningen gas field, has a bit of a shaky history, quite literally. This gas field is infamous for its earthquakes, which have been more than just a minor inconvenience for the locals. Picture this: a 3.6 magnitude earthquake back in 2012 near Huizinge, which residents felt more intensely than their morning coffee. No wonder the Dutch cabinet, in a moment of environmental awakening, announced the field’s closure in 2018. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Groningen Gas Field: Shell and Exxon Mobil’s Monument to Greed and Disregard for Health Risks

Jul 5th, 2023
by John Donovan.
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Posted by John Donovan July 5, 2023

The Groningen gas field, a behemoth boasting a mind-boggling 2.8 billion cubic meters, serves as a glorious testament to the insatiable greed of Shell and Exxon Mobil, the illustrious partners responsible for its management. With their joint venture company NAM overseeing extraction operations for over six decades, these oil giants have accumulated immense profits while leaving behind a trail of devastation and despair.

The State Supervision of Mines (SodM) has called for the complete closure of the Groningen gas field as early as this fall, challenging the arbitrary deadline of October 1, 2024. It appears that the painfully slow progress in reinforcing infrastructure and compensating for earthquake damage has had a noticeable impact on the health of residents in the quake-stricken area. State Secretary Hans Vijlbrief, tasked with overseeing mining affairs, must urgently address these concerns and put an end to the uncertainty that plagues the region, as per the authority’s advice. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Groningen Scandal: Shell and its partners, unleashed devastating Earthquakes in Pursuit of Profits

Jun 10th, 2023
by John Donovan.
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The seismic activity caused by this relentless extraction has led to the destruction of over 85,000 homes, leaving countless families displaced and their lives shattered.

Posted 10 June 2023 by John Donovan

The Groningen gasfield, boasting a colossal 2.8 billion cubic meters, stands as a testament to the insatiable greed of Shell and Exxon Mobil, the companies jointly responsible for its management. With the extraction operations by their joint venture company NAM spanning over 60 years, these oil giants have raked in huge profits, leaving a trail of destruction and misery in their wake.

In a stunning display of disregard for human safety and the environment, Dutch Prime Minister Mark Rutte now faces mounting calls for his resignation as evidence emerges of his government’s decision for NAM to proceed with gas extraction in the northern Netherlands, fully aware that it would result in devastating earthquakes.

Despite mounting evidence of the cataclysmic consequences, Rutte’s government shamelessly continued to exploit the gasfield, leaving the people of the region to suffer the consequences. The seismic activity caused by this relentless extraction has led to the destruction of over 85,000 homes, leaving countless families displaced and their lives shattered.

Even in the face of overwhelming evidence and pleas from experts, Rutte stubbornly defended his government’s actions. It was only in 2018, when a monstrous earthquake measuring 3.6 on the Richter scale struck the town of Huizinge, that Rutte finally acknowledged the magnitude of the problem. But his belated realization does little to absolve him of the years of lies and disregard for the rights and safety of the people of Groningen. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell: Gas field in Groningen must be completely closed this year, in light of earthquakes

Mar 27th, 2023
by John Donovan.
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NL TIMES

Shell: Gas field in Groningen must be completely closed this year, in light of earthquakes

SUNDAY, 26 MARCH 2023 

The gas field in Groningen must be completely closed this year, said the CEO of Shell Netherlands, Marjan van Loon. Currently, the gas field is still supplying minimal amounts of gas to keep the wells usable, but she doesn’t think that’s necessary. “It can and must be done, so the field has to be closed,” Van Loon said on the TV program WNL Op Zondag. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Damning report slams state, oil companies for Groningen gas failures

Feb 25th, 2023
by John Donovan.
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DutchNews.nl

Damning report slams state, oil companies for Groningen gas failures

February 24, 2023 – By Robin Pascoe

The interests of the people of Groningen were systematically ignored by both the government and oil companies, and making money remained the dominant concern when natural gas extraction started causing earthquakes, according to the parliamentary commission set up to investigate.

The worlds of those making the decisions and the locals were ‘miles apart’, commission chief Tom van der Lee said at the presentation of the report into the problems, which has taken two years and hundreds of interviews to complete.

Gas extraction has become an ‘unprecedented system failure’ and both the public and private sector have failed in their duties, Van der Lee said.

Ministers were not properly informed and that meant that MPs could not fulfill their role as guardians of the public interest. The damage, both material and mental, suffered by locals was consistently underestimated and the maximalisation of profit was the guiding force. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dutch gov’t, Shell and Exxon ignored Groningen risks for years, inquiry finds

Feb 25th, 2023
by John Donovan.
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“Gas extraction in Groningen was so successful and lucrative for the Dutch government, Shell and Exxon Mobil that they hardly took any notion of the long-term risks and the ever-clearer signs of the detrimental effects for the people in Groningen…” 

REUTERS

Dutch gov’t, Shell and Exxon ignored Groningen risks for years, inquiry finds

AMSTERDAM, Feb 24 (Reuters) – The Dutch government and energy companies Shell (SHEL.L) and Exxon Mobil (XOM.N) ignored the risks of gas production in Groningen for years, to the detriment of people living in the province, a parliamentary inquiry concluded on Friday.

Prime Minister Mark Rutte and others involved “gravely underestimated” the urgency of the problems in Groningen, said the committee set up to investigate the decades of lucrative gas extraction that caused tremors damaging thousands of houses and buildings in the region.

The massive Groningen field is operated by Shell and Exxon joint venture NAM and was one of Europe’s major suppliers of natural gas for decades.

“These are hard and painful conclusions,” Rutte told a news conference. “They make clear there is a lot to do to help the region and to hopefully restore trust.”

The government will take time provide a full response to the report, he said without indicating how long that would take.

A statement from NAM director Johan Atema said: “It is clear that we need to have a better eye for the society in which we work. It is up to us to show that we as a company have learned from this.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Netherlands To Shut Down Europe’s Largest Gas Field

Jan 24th, 2023
by John Donovan.
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OILPRICE.COM

Netherlands To Shut Down Europe’s Largest Gas Field

By Irina Slav – Jan 23, 2023, 7:30 AM CST

The Dutch government plans to close the Groningen gas field this year despite Europe’s precarious supply position. Groningen is the largest gas field in Europe.

The field is dangerous, a government official from the Hague told the Financial Times, and the government has no plans to boost production from it.

“We won’t open up more because of the safety issues,” Hans Vijbrief told the FT. “It is politically totally unviable. But apart from that, I’m not going to do it because it means that you increase the chances of earthquakes, which I don’t want to be responsible for.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell boss reveals regrets and pride as he steps down after decade

Oct 28th, 2022
by John Donovan.
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thenationalnews.com

Shell boss reveals regrets and pride as he steps down after decade

Ben van Beurden’s regrets were linked to financial issues in the Arctic and safety at a Dutch oilfield

Soraya Ebrahimi: Oct 28, 2022

Shell’s chief executive Ben van Beurden has said he regretted not acting earlier on two problems linked to the environment, as he prepares to step down after nearly a decade in charge.

Mr van Beurden said he should have acted in 2015 on data coming out of the Groningen gasfield in the Netherlands. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dutch prosecutors to pursue pollution case against Shell-Exxon gas venture

Oct 13th, 2022
by John Donovan.
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Dutch prosecutors to pursue pollution case against Shell-Exxon gas venture

By Syndicated Content Oct 12, 2022 | 7:53 AM

AMSTERDAM (Reuters) -Dutch prosecutors said on Wednesday they will pursue a pollution case against NAM, a joint venture of Shell and ExxonMobil that operates gas fields in the Netherlands.

The prosecutors “(suspect) NAM of injecting waste streams from natural gas extraction into the deep subsurface without a permit”, a statement from their office said.

Prosecutors say they believe the company took waste products from natural gas extraction in the North Sea, then processed and injected them into empty gas fields in the province of Groningen.

A spokesperson for NAM said the company would respond later on Wednesday.

Reuters reported last month that Shell And ExxonMobil have put their 50-50 venture up for sale, with expected proceeds of over $1 billion.

NAM started producing natural gas in 1963 following the discovery of the giant Groningen field, which was a major source of gas for the Netherlands and Europe for decades.

But extraction has been almost completely wound down in the past 10 years as tremors blamed on drilling damaged buildings and prompted protests by residents and campaigners. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell should have quit Groningen gas project in Netherlands earlier -CEO

Oct 13th, 2022
by John Donovan.
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REUTERS

Shell should have quit Groningen gas project in Netherlands earlier -CEO

AMSTERDAM, Oct 13 (Reuters) – Shell CEO Ben van Beurden told a Dutch parliamentary panel investigating problems relating to natural gas production at the large Groningen gas field in the Netherlands that the company should have pulled out of the project earlier.

Production at Groningen was scaled back sharply over a period of years in the 2010s after the Dutch government and producer NAM, a Shell-Exxon joint venture, realized the earthquakes it caused posed too great a threat to life and property.

“We had to continually ask what makes sense,” as production was dialled back to levels at which NAM made little to no profit, Van Beurden told lawmakers.

“What made sense for Shell was to quit. In any other country we would have stopped this operation. But in the Netherlands that was impossible because the Netherlands was dependent on Groningen gas.”

A damning report in 2015 from the independent Dutch Safety Board had accused the government and the field’s operators of ignoring the threat of earthquakes linked to the field for years. As vast amounts of gas were removed from under the province since 1963, the ground sank and settled above empty pockets, triggering quakes. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell, Exxon launch joint sale of UK, Dutch North Sea assets -sources

Sep 27th, 2022
by John Donovan.
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Reuters

Shell, Exxon launch joint sale of UK, Dutch North Sea assets -sources

Ron Bousso: Tue, September 27, 2022 at 4:16 PM

LONDON, Sept 27 (Reuters) – Shell and Exxon Mobil have launched a joint sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea, three industry and banking sources said.

The two companies have hired investment bank Jefferies to run the sale, which could raise over $2 billion, the sources said.

Launched earlier this month, the sale comes after Shell and Exxon independently ran initial sales processes for their British and Dutch assets.

Shell declined to comment. Jefferies declined to comment. Exxon did not immediately reply to a request for comment.

In July, Shell and Exxon launched the sale of the 50-50 NAM joint venture in the Netherlands, operator of the Groningen gas field and one of Europe’s largest and oldest natural gas production companies.

The two companies have also separately put up for sale their stakes in their British southern North Sea gas hub, which include the Clipper Leman Alpha hubs as well as the Bacton terminal in eastern England, the sources said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Dutch limit Groningen gas production despite energy crisis

Sep 27th, 2022
by John Donovan.
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Dutch limit Groningen gas production despite energy crisis

By Reuters  •  Updated: 26/09/2022 – 16:25

AMSTERDAM -Gas production at the Groningen field in the Netherlands will be lowered to the minimal amount needed to keep wells operational in the coming year, as extraction is expected to end by 2024 at the latest, the Dutch government said on Monday.

Production at Groningen, once one of Europe’s major suppliers of natural gas, will be capped at 2.8 billion cubic metres (bcm) in the year starting Oct. 1, the government said, down from 4.5 bcm in the current year.

The Groningen field, operated by a joint venture of Shell and Exxon Mobil, still holds massive reserves of natural gas. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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