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May 2021

Equinor prepares sale of Corrib gas field stake -sources

By: 
Ron Bousso & Dmitry Zhdannikov - Reuters

Norway's Equinor (EQNR.OL) is preparing to launch the sale of its stake in a natural gas field off the coast of Ireland, hoping to raise around $400 million, three banking and industry sources said.

Equinor holds a 36.5% stake in the Corrib gas project, located some 83 kilometres off Ireland's northwest Coast and which started operations in 2015.

Posted Date: 
27 May 2021

Equinor gears up for stake sale in Corrib gas field offshore Ireland

By: 
Offshore Technology

Equinor is looking to raise $400m with the sale of its 36.5% stake in the Corrib gas field.

Norway-based energy company Equinor is reportedly preparing to divest its stake in Corrib gas field located off the coast of Ireland.

A potential sale could bring in around $400m, Reuters reported citing three banking and industry sources. Equinor has not confirmed the news.

The Norwegian firm owns a 36.5% stake in the Corrib project, which is located 83km off Ireland’s north-west coast in water depths of around 350m.

Posted Date: 
27 May 2021

Court orders Royal Dutch Shell to cut carbon emissions by 45% by 2030

By: 
Daniel Boffey - The Guardian

Oil giant told plans should be brought into line with Paris climate agreement

A court in the Hague has ordered Royal Dutch Shell to cut its global carbon emissions by 45% by the end of 2030 compared with 2019 levels, in a landmark case brought by Friends of the Earth and over 17,000 co-plaintiffs.

Posted Date: 
27 May 2021

Irish welcome for court ruling ordering Shell to slash carbon emissions

By: 
Caroline O'Doherty - Irish Independent

Landmark verdict is first time corporation has been held legally liable for causing climate change

 

IRISH environmentalists have welcomed a court ruling requiring oil giant Shell to slash its carbon emissions.

The verdict is the first time a company has been held legally liable for causing dangerous climate change and ordered to take immediate steps to halt the damage.

Posted Date: 
27 May 2021