Tag Archives: Petroleum Affairs Division
Rabbitte asks oil industry whether licensing terms are too generous to oil industry
Minister dictates what consultants’ findings should be: that things are fine the way they are Last week Minister for Energy and Natural Resources Pat Rabbitte named the company chosen to carry out a “fitness-for-purpose” review of Ireland’s infamous licensing terms … Continue reading
Submission to Oireachtas Committee reviewing oil and gas exploration licensing
Last month (December 2011) I was invited to make a written submission to the Joint Oireachtas Committee on Communications, Natural Resources and Agriculture, which is reviewing Ireland’s licensing terms for oil and gas exploration. My submission is below.
Guardians of oil and gas giveaway to be questioned in public
At last, the people most culpable for maintaining Ireland’s giveaway licensing terms for oil and gas are being made to explain themselves in public. At 3pm today (Tuesday, September 27th), senior officials from the Department of Communications, Energy and Natural … Continue reading
Surge of opposition to Rabbitte’s plan to issue licences
Despite the mounting swell of criticism from economists, commentators, campaigners and politicians, Pat Rabbitte is stubbornly insisting on granting more exploration licences – on Ireland’s notoriously bad terms – to companies keen to extract Ireland’s oil and gas reserves. In a stunning … Continue reading
Ireland’s share of revenue from its gas fields could be as low as 7%, report shows
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 … Continue reading
Oil companies plan to export directly from Irish oil fields
Oil might never come ashore here: no security of supply, no jobs, no investment Currently the stock defence offered for Ireland’s excessively generous licensing terms for oil and gas is that they encourage exploration, which in turn will create jobs, … Continue reading
Rabbitte’s gas price gaffe on Morning Ireland
Pat Rabbitte displayed a stunning ignorance of his brief on today’s Morning Ireland (June 1st, 2011). The notion that the Corrib project will bring down the price of gas in Ireland has been repeatedly exposed as nonsense. Yet this morning … Continue reading
Irish Oil and Gas 