Tuesday, December 10, 2019

Ireland News

North Sea Countries to Boost Offshore Wind

Image: WindEurope

Energy Ministers from North Seas countries met yesterday (December 04) in Brussels and agreed their 2020 Work Program on offshore wind deployment as a means of reaching climate neutrality by…

Providence to Operate Avalon as Total Exits

Image: Providence Resources

As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect…

Europe's Wind Industry Needs More Sea Space

© Phil Bird / Adobe Stock

The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry…

Ireland to Freeze New Offshore Oil Exploration Licences

© Alexandr Mitiuc / Adobe Stock

Ireland plans to freeze the issuing of new exploration licences for oil in Irish waters but not for gas, Prime Minister Leo Varadkar told journalists on Monday during a visit to New York, Irish…

UK Launches Offshore Wind Leasing Round

Image: The Crown Estate

The Crown Estate has launched its Round 4 offshore wind leasing competition for the rights to develop at least 7GW of new capacity off England and Wales.The Offshore Wind Industry Council (OWIC)…

Giant Offshore Turbine to be Blown Up

Image: SSE

Ireland-based SSE Renewables, a renewable energy subsidiary of Airtricity, is set to conclude decommissioning of the Hunterston National Offshore Wind Turbine Testing Facility (NOWTTF) by blowing…

Ireland Calls for More Offshore Wind

David Connolly, CEO. Photo: IWEA

Irish Wind Energy Association (IWEA) chief executive Dr David Connolly has called for greater urgency from the government in the country and across the political system to support the development…

EOG Bags Offshore Ireland Licence

Image: Europa Oil & Gas

United Kingdom-based exploration and production company Europa Oil & Gas  (EOG) has been awarded a 15-year frontier exploration licence for an area in the Slyne Basin, offshore Ireland.The…

Further Delay in Barryroe Project Loan

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south…

DNO Completes $400mln Bond Placement

Image: DNO ASA

The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds…

French, Irish Back Celtic Undersea Power Cable

French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent of its 930…

Europe Offshore Fleet has 105 Wind Farms

Giles Dickson. Photo: WindEurope

There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet, whose 105 wind farms and 4,500 turbines now provide 40…

Partners Group invests in Greenlink

Marine survey work starts for Greenlink interconnector. Image : MV Franklin ( © MMT Sweden)

Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector,  the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date…

Wind Provides 14% of European Electricity

Image: WindEurope

Wind energy provided 14% of the European Union’s electricity last year, according to figures published by the region’s wind energy trade body, WindEurope, with 11.7 gigawatts (GW) of new capacity added…

Parkwind, ESB Partner on Irish Offshore

Image: Parkwind

Belgian developer Parkwind has reached an agreement with Irish state-owned utility ESB to collaborate on the 330MW Oriel and 500MW Clogherhead wind farms off the coast of Ireland.The Irish…

WSM to Manage FSRU for Pardus Energy

Pardus Energy's FSRU Turquoise will be fully managed by WSM. Image: Wilhelmsen Ship Management

Wilhelmsen Ship Management (WSM) has entered into a management agreement with Ireland-based Pardus Energy for their new building Floating Storage and Regasification Unit (FSRU).WSM, one of…

AzEire Gets Irish Offshore License Extension

Image: Azeire Ltd

Ireland-focused oil and gas exploration company backed by Seacrest Capital AzEire has been awarded an extension of a frontier exploration license (FEL) and a conversion of a license option…

Shell Sells Upstream Interests in Ireland for $1.3bln

Image: Shell

Shell Overseas Holdings, an affiliate of Royal Dutch Shell plc, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture…

Tank Storage Association Cautious on EU's Approval of Brexit

Image: Tank Storage Association (TSA)

European Union (EU) leaders approved the agreement on the UK’s withdrawal and future relations with the EU.Tank Storage Association (TSA) recognises that the agreement still needs to go through…

Fred. Olsen Energy Proposes to Issue New Equity in Restructuring

Photo: Fred. Olsen Energy

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan…