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Corrib will raise the price of gas

Press release - Issued by Shell to Sea - 12/07/2011

Energy price rise "very likely" due to Corrib - Energy Regulator

Shell to Sea has re-iterated its call to renegotiate the terms of the Great Oil and Gas Giveaway as the Commission for Energy Regulation admits that energy price rises would be ‘very likely’ if the Corrib field comes ashore.

The CER warned in a paper published on Sunday that a new source such as Corrib would reduce interconnector bookings for imported gas. Falling interconnector bookings would in turn significantly affect the interconnector subsidy paid to Bord Gáis, as ‘‘the lower the bookings go, the higher the tariff goes in return’’. The paper also said that ‘‘any increase [in the tariff] would allow producers to price up’’ their gas to consumers, allowing gas companies to ‘‘gain further margins, thus putting an even bigger burden on the final customers’’.

Ireland’s share of revenue from its gas fields could be as low as 7%, report shows

By: 
William Hederman - IrishOilandGas.com

[Shell to Sea] Check out William Hederman's new Blog:  www.irishoilandgas.com

The tax write-offs under Ireland’s licensing terms for oil and gas are so generous, oil companies could end up paying the exchequer as little as 7% of the revenue from Irish gas fields. This shocking figure is extrapolated from information provided by Brian O’Cathain, former head of the Corrib Gas project. He also predicted Corrib would not now pay any tax. By William Hederman

Posted Date: 
8 July 2011

Oil and gas spills in North Sea every week, papers reveal

By: 
Rob Evans, Richard Cookson and Terry Macalister - The Guardian

Documents list companies that caused more than 100 potentially lethal – and largely unpublicised – leaks in 2009 and 2010

Serious spills of oil and gas from North Sea platforms are occurring at the rate of one a week, undermining oil companies' claims to be doing everything possible to improve the safety of rigs.

Shell has emerged as one of the top offenders despite promising to clean up its act five years ago after a large accident in which two oil workers died.

Posted Date: 
6 July 2011

SIPTU calls for moratorium on oil and gas licenses until Oireachtas review is completed

By: 
SIPTU

A moratorium should be placed on the issuing of oil and gas exploration licences until the completion of a promised Oireachtas review of the licensing system, a wide-ranging SIPTU report on the development of Ireland’s hydrocarbon resources has recommended. “Optimising Ireland’s Oil and Gas Resources”, a report produced by the SIPTU Oil and Gas Review Group, concludes that, if managed correctly, the country’s hydrocarbon reserves could provide the basis for a major indigenous industry which could generate long term employment and significant revenues for the State.

Launching the report in Dublin today (Thursday, 30th June) SIPTU general president, Jack O’Connor, said; “It is the considered view of the SIPTU Oil and Gas Review Group that no new exploration licenses for oil and gas should be issued by the Department of Communications, Energy and Natural Resources (DCENR) until a detailed re-assessment of the current licensing system is completed under the proposed Oireachtas review.”

Posted Date: 
30 June 2011

People's Forum -Ten Years On: Corrib Gas - Great Gas for Whom?

TEN YEARS ON; CORRIB GAS – GREAT GAS FOR WHOM?
Retrospect and Prospect


VENUE:
Inver Community Centre
DATE: 1st & 2nd July

Over the past ten years the proposed Shell/Corrib Gas Project has highlighted issues that go to the heart of governance in Ireland: Community Consultation, Planning, Regulation, Environmental Protection/Human Rights, Media, Policing and the Common Good.


SPEAKERS:
DR. KIERAN ALLEN, Author and Lecturer UCD; HARRY BROWNE, Lecturer in Media DIT; NIALL KING, Retired Principal Rossport N.S; MAJELLA McCARRON, OLA; MRS. JOY PHIDO, OGONI; COLM RAPPLE, Journalist and Economist; ROSSPORT SOLIDARITY CAMP.

Date: 
1 July 2011 - 8:00pm - 2 July 2011 - 6:00pm
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