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Minister approves sale of key Mayo gasfield

By: 
Mark Tighe, Peter O’Dwyer - The Times

The sale of Shell’s stake in the Corrib gasfield has moved a step closer to completion after Richard Bruton signed off on the proposed deal.

The recently appointed environment minister yesterday approved the sale of Shell’s 45 per cent stake in the Mayo gas project to Nephin Energy. The deal is understood to be worth about €830 million. Nephin is a wholly owned indirect subsidiary of the Canada Pension Plan Investment Board (CPPIB).

Posted Date: 
28 November 2018

Paperwork blunder left state exposed to Corrib gas field liabiilties

By: 
Mark Tighe - Sunday Times

An accident at Corrib could have cost the taxpayer millions

The state could have faced liabilities of many millions of euros if there had been an accident at the Corrib gas field at any time in the past 16 years, it has emerged.

An oversight meant there was no power to make Royal Dutch Shell, the project’s largest shareholder, pay compensation.

Correspondence obtained by The Sunday Times reveals that while reviewing Shell’s proposal to sell its 45% stake in the Mayo gas project for €830m last January, the government discovered that Royal Dutch Shell, the ultimate parent company of Shell Ireland, was not registered as a guarantor, as required under its lease.

A parent company guarantee (PCG) is required to give an unlimited assurance that any costs arising from a problem at the gas field and processing terminal, such as an environmental disaster, would be covered.

Posted Date: 
24 October 2018

Firm doesn't expect tax bill over €362m Corrib revenues

By: 
Gordon Deegan - Irish Independent

The Corrib Gas partners have reported a 25pc jump in revenues to €362m in the first half of this year in spite of external electricity supply issues hitting production at its gas terminal in the second quarter.

That is according to new quarterly figures provided by Canadian firm Vermilion.

It said production between April and the end of June decreased 7pc quarter-over-quarter and 11pc year-over-year for the first six months.

Posted Date: 
31 August 2018

Investigation finds IT upgrade responsible for Corrib gas release

By: 
Lorna Siggins - Irish Times

‘Deficiencies’ led to non-odourised gas emergency plan being put in place as a result

An investigation by the State’s energy regulator into the release of non-odourised gas from the Corrib gas refinery in north Mayo last year says it was caused by the upgrading of an information technology (IT) system.

“Deficiencies” in Shell E&P Ireland’s (SEPIL) operating procedures led to the incident last September, but there were no safety consequences for staff at the Corrib gas refinery or members of the public “in the immediate vicinity”, the Commission for Regulation of Utilities (CRU) has found.

However, the risks to consumers from gas which had no safety odour prompted Gas Networks Ireland (GNI) to activate the natural gas emergency plan. Some 10,000 customers in the Galway-Mayo region were told to shut off their supplies.

The energy regulator says it took “enforcement” actions against Shell and GNI, the national gas networks operator, as a result of its investigation.

No fines were imposed on Shell or on GNI, under a series of enforcement options which the State energy regulator says are “progressive in nature”.

Posted Date: 
1 August 2018

Do we want our beaches strewn with stranded dolphins?

By: 
Sinead Mercier - TheJournal.ie

It’s time for the government to ban fossil fuel exploration and invest in the real local, rural renewable economy on our coastlines, writes Sinead Mercier.

DID YOU KNOW that UCC recently recorded that 250,000 bottlenose dolphins come to the Irish Atlantic every summer?

That’s the world’s known population of dolphins. At least 24 species of rare and beautiful whales, dolphins and porpoises use Ireland’s seas as a migration route- including blue whales, humpback whales and even the odd Free Willy.

Posted Date: 
8 July 2018
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