Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes
“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…”
By John Donovan: Saturday 19 Sept 2015
A spokesperson for the Dutch Petroleum Company (NAM) – a joint venture between Royal Dutch Shell and ExxonMobil – confirmed earlier today that the Company is cutting 2,000 jobs.
The downsizing results from the collapse in oil and gas prices and concern over massive multi-billion dollar liability arising from the NAM induced earthquakes in Holland arising from gas extraction at the Groningen field.
RELATED
Top lawyer takes on NAM over Groningen quake dangers
High profile lawyer Gerard Spong has made a formal complaint against gas extraction company NAM, saying he holds it responsible for deliberately damaging houses and other property in Groningen province.
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