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

Posted in Ireland's management of its oil and gas, State 'take', Uncategorized | Tagged , , , , , , , | Leave a comment

Article on The Journal.ie about Barryroe discovery and Ireland’s oil and gas

Following the announcement in March 2012 by Providence Resources of a commercially viable oil discovery at the Barryroe field off Co Cork, The Journal.ie (an Irish online newspaper) ran this well-researched article (published 25th March 2012) about the significance of … Continue reading

Posted in Ireland's management of its oil and gas, Media coverage, Security of supply, State 'take' | Tagged , , , , , , , , , , | 1 Comment

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. 

Posted in Gas prices, Media coverage, Security of supply, State 'take' | Tagged , , , , , , , , , , , | 7 Comments

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

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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

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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

Posted in Corrib Gas project, Gas prices, State 'take' | Tagged , , , , , , , , , | 12 Comments

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

Posted in Climate change, Gas prices, Security of supply, State 'take' | Tagged , , , , , , , , , | 13 Comments