Shell, Exxon Ordered to Pay Groningen Earthquake Compensation
By MAARTEN VAN TARTWIJK: Sept. 2, 2015
AMSTERDAM—A Dutch court ruled Wednesday that Royal Dutch ShellPLC and Exxon Mobil Corp must compensate homeowners for a drop in house prices caused by earthquakes linked to production at the Groningen gas field.
The ruling could open the door to a wave of compensation claims against the energy companies, which operate the field through a joint-venture called the Nederlandse Aardolie Maatschappij BV, or NAM.
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Shell, Exxon ordered to pay Groningen earthquake compensation
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