Royal Dutch Shell outshone its troubled rival BP today as it revealed a near-doubling in annual profits to $18.6bn (€13.5bn).
Higher oil prices and a boost to production levels meant the Anglo-Dutch firm increased earnings in the final three months of the year by almost 400pc to $5.7bn (€4.1bn)
In 2006, the Department of Communications, Energy & Natural Resources (DCENR) estimated that the amount of gas and oil off Ireland’s west coast, is a potential 10 BBOE (billion barrels of oil equivalent). Based on the average price of a barrel of oil for 2010 of $80, this works out at $800 billion, or €600 billion.
Do you believe that the Irish people should benefit from any exploitation of the estimated €600 billion of oil & gas off the west coast of Ireland?
JUST like Anglo-Irish Bank, the Corrib project has proven to be ‘too big’ to take-on by the government. That’s the view of north Mayo community group, An Pobal Chill Chomáin, who welcomed last week’s move by An Taisce (The National Trust) to seek a judicial review of An Bord Pleanála’s recent ruling, which granted permission for the last section of the Corrib pipeline to run through a Special Area of Conservation (SAC).
Watch the Primetime linked below from the 5th of July 2001 which asks "who really benefits from Ireland's offshore exploration industry"
It illustrates the work that Shell and other oil companies have done in the last 10 years to change political and media views in relation to the giveaway.
The daughter of one of the Rossport Five opposed to the Corrib gas pipeline in north Mayo has said she, her family and other families may now leave the area. This, said Bríd Ní Sheighin, was due to An Bord Pleanála’s recent approval of the last pipeline section.
Ms Ní Sheighin, who is a teacher and mother of two small children, is married to John Monaghan, blacksmith, artist and spokesman for community group Pobal Chill Chomáin which appealed against the pipeline route.
IOUs (promissory notes) are being drawn on the Irish taxpayer on a weekly basis from the Irish Central Bank to release cash for shoring up private banks due to deposits being withdrawn.
News Release - Issued by Shell to Sea - April 12th, 2015 - For immediate release
-- Shell to Sea send submission on RTE's Public Service Statement --
Shell to Sea have today sent in a submission to RTE as part of RTE's public consultation on the updating of their Public Service Statement [1]. In the submission, Shell to Sea claimed that RTE had failed to inform the public in an honest and balanced manner on the Corrib Gas project.