Ireland concludes second round of Atlantic margin licences
Ireland's latest Atlantic Margin Licensing Round has seen 11 companies snapping up opportunties offshore the Emerald Isle.
Ireland
All-Energy 2016: Ireland sees growth in grid applications
A new map has been created to showcase the potential for SolarPV in Ireland.
Sunny Hill £6.4m offer for Petroceltic comes to end
A potential takeover by Sunny Hill for Petroceltic has come to a close after the timing for acceptance on the £6.4million bid lapsed.
PetroNeft confirms restriction notice on investors
PetroNeft, the Russian-focused Irish oil producer, has confirmed it issued restriction notices on the activist investor planning to oust several directors of the firm.
Shell pumps more cash into Corrib
Shell have pumped an extra EUR50million into its Irish operation as the EUR3.6billion Corrib Gas field begins to generate revenue.
Statoil awarded six Irish licensing options
Statoil has re-entered the Irish exploration region after being awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round.
NTR closes final investment for wind fund
NTR and Legal & General Capital have announced the successful and final close of its wind investment fund with the addition of a further €50million secured from the Strathclyde Pension Fund.
Tenders being sought for Shell’s corrib pipeline
The Irish Government is said to be seeking tenders to monitor the Corrib gas pipeline on behalf of its Department on Energy.
NU-Oil gets lease for Irish oil discoveries
NU-Oil and Gas has been granted a two-year lease on its farm-in to the Helvick oil field and Dunmore oil discovery offshore Ireland.
Eni, Statoil and Nexen among winners in Ireland’s latest offshore round
Eni, ExxonMobil, Nexen and Statoil are among the companies awarded licences in Ireland’s latest offshore round.
Europa wins new licensing option offshore Ireland
Europa Oil & Gas has been awarded a new licensing option in the southern Porcupine Basin offshore Ireland.
Hess sells Shannon LNG assets
US oil giant Hess has sold its Shannon LNG assets, according to reports.
Seismic data offers new opportunities for Providence
Providence Resources said an initial interpretation of acquired seismic data has revealed a major structural closure in the Porcupine basin play.
Irish Energy Minister opens Shell’s Corrib gas project
Oil major Shell’s Corrib gas project was officially opened in Co Mayo yesterday by the Minister of State for Natural Resources.
Providence agrees deal for new Irish seismic work
Providence Resources has agreed terms with Searcher Seismic for a new 3D seismic program offshore Ireland.
SSE and partners launch second phase of Irish wind project
SSE and its partners Coilte have started construction of Phase 2 of its Irish onshore wind project following completion of a €176million deal.
React Energy secures £750,000 loan facility
Renewable energy developer React Energy has secured a €750,000 loan from Spanish firm EBIOSS Energy, as it develops its clean energy portfolio in the UK and Ireland.
Video: Shell flaring from Corrib gas plant described as ‘frightening’ by residents
Flaring by oil major Shell from its Corrib gas plant was met with concern by residents in Mayo just a couple of days after the company announced first gas. Last month it was announced natural gas had started to flow from the Corrib field in Ireland after final approval was confirmed by the Government. Shell had sent a text message to residents who had subscribed to the alert system.
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Statoil welcomes first gas from Corrib field
Statoil has welcomed first gas from the Corrib field after the Irish Government gave oil major Shell and its partners the final go-ahead. The Norwegian operator said the output from the Corrib field would be an important addition to Statoil’s international production portfolio. It comes after the Minister for Communication, Energy and Natural Resources gave consent for the pipeline, subject to 20 conditions related to environmental management, operation, control and monitoring.
Shell wins final approval for Corrib gas pipeline from Irish Government
Oil major Shell has been given final approval by the Irish Government to operate the Corrib gas pipeline and terminal, according to reports.
Landsdowne Oil & Gas wins extension for first phase on Barryroe oil field
Landsdowne Oil & Gas said the partners in the Barryroe oil field have been offered a two year extension on the first phase of SEL 1/11 to July 2017. The decision was approved by the Irish Minister for Communication, Energy and Natural Resources.
Providence Resources to sell Spanish Point stake
Providence Resources said it has begun a farm-out process to divest as much as 32% of its share in a licence off the west coast of Ireland. The company said the move was in relation to its Spanish Point licence in the north Porcupine basin. It includes Frontier Exploration Licence (FEL) 2/04 and 4/08 in which Providence holds a 58% equity interest and which are operated by Capricorn Ireland Limited.
Europa estimates $7billion un-risked value offshore Ireland
Europa Oil & Gas said an independent assessment carried out on three prospects has estimated an un-risked net present value (NPV) of around $7billion. The company said the estimate was made on three prospects on the Frontier exploration licence in the Porcupine basin, offshore Ireland. It was also found on a risked NPV basis, there was a 100% working interest of $1.1billion.
Irish Government could increase maximum tax on oil and gas fields
The Irish Government has revealed new draft laws which could see an increase in the maximum tax on oil and gas fields in the country from 40% to 55%. The reports in the Irish Time said a new petroleum production tax could be cast to ensure that discoveries made under future exploration licences will lead to an increased financial return for the State. The measure has been set out among other new steps in the Finance Bill.