Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Dutch court upholds Groningen 24 bcm/year gas output cap

Thu, 05th Jan 2017 13:17

AMSTERDAM, Jan 5 (Reuters) - A Dutch court on Thursdayupheld a decision by the government to cap production at theGroningen gas field at 24 billion cubic metres (bcm) until Oct.1, 2021.

The court was responding to requests for a preliminaryinjunction against the June decision, opposed by groups whowould like to see production at Groningen reduced further orstopped.

Production at the field, Europe's largest, has been cutseveral times from 53.9 bcm in 2013 as criticism mounted thatthe Cabinet had failed to consider the risk to citizens fromearthquakes caused by production. (Reporting by Toby Sterling; editing by Jason Neely)

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.