Other News

Riled Dutch locals to argue Europe’s largest gas field is unsafe


A Dutch court is set to hear arguments that production from Europe’s largest natural gas field should be suspended because earthquakes linked to extraction threaten safety. The Netherlands has progressively cut the amount of gas won from the Groningen field in the north amid protests over the tremors, with the Economy Ministry in June slashing this year’s output cap by 29 percent. The Administrative Jurisdiction Division of the Council of State will hear 41 appeals from local political parties, environmental organizations and individuals against an earlier production decision on Thursday, and possibly Friday, before making a final ruling in October or November.

Oil & Gas

BP terminal sale seen raising €200million to €400 million euros


BP Plc (BP/) may get 200 million to 400 million euros ($456 million) for a Dutch oil-storage terminal it plans to sell, according to an analyst at ING Groep NV. Europe’s third-largest oil company, seeking to sell assets and cut jobs amid falling oil prices, plans to sell the terminal with a capacity of 950,000 cubic meters, London-based BP said. “It is in the long term interests of the Amsterdam Terminal and its staff for it to be owned by an entity which is better placed to invest in its future,” Hendrik Muilerman, BP’s Netherlands managing director, said.