Word: groningen
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...natural gas are creating a major upheaval in the world's fastest growing energy market. Across the Continent, the new gas finds are lighting an investment fever and bringing some chills to a vulnerable competitor, coal. As estimates grow of the size of The Netherlands' mammoth Groningen gas field (widely regarded as twice the official 1.1 trillion cubic meters), and as oilmen probe the bottom of the North Sea for what may be even larger deposits-one big one was hit last week off the West German island of Borkum-gas is becoming Europe's new glamor...
...Thyssen steel interests two weeks ago formed a new company, Thyssengas A.G., to import Dutch gas by pipeline and expand its market in the industry-rich Ruhr by vigorous price cuts. In The Netherlands, the Gasunie marketing combine expects a complete changeover by household gas users to natural Groningen gas by the end of 1966. Because natural gas yields twice as much heat as manufactured gas-and thus requires less gas for the same task-most appliances must be scrapped or substantially modified in the process. One result: mountains of discarded stoves and ovens are piled up outside many...
...Borneo, and shipyards from Belfast to Kiel are turning out drilling platforms to overcome a worldwide short age. All this activity is a result of the mammoth pocket of gas that was discovered in 1959 by Esso and Shell in the coastal Dutch province of Groningen near the German border. Seismic tests have since convinced oilmen that the North Sea may contain the world's biggest bubble of natural gas. Though drilling has so far yielded nothing further off the Dutch coast and only inconclusive results in German waters, the scramble to find the undersea riches now involves...
Undersea Pipeline. Whatever gas or oil the sea may yield, the Groningen field's proved reserves (1.1 trillion cubic meters) already constitute 70% of Europe's gas resources and bulk larger than all of Canada's. Dutch officials estimate privately that the field harbors nearly 2 trillion cubic meters. Groningen gas now reaches some 500,000 Dutch consumers, and early in December the Esso-Shell export consortium and the British Gas Council began jointly studying the feasibility of a $75 million pipeline across the North Sea that would let Dutch wells supply half of Britain...
...have been after the North Sea sixpence ever since Esso and Shell in 1960 found a mammoth gas pocket (estimated reserves: 1 trillion cubic meters) in the Dutch coastal province of Groningen, near the German frontier. Studying their maps, they concluded that the pocket extended far beyond Groningen out under the sea, last year began exploring the bottom. Seismographic tests were unanimous; though no gas has actually been found at sea, geologists are now convinced that the North Sea hides tens of trillions of cubic meters of gas, dwarfing even the two trillion cubic meters under the Texas Panhandle, long...