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The Irish Times
Wednesday, May 22, 2013
Energy & Resources
The Irish Times
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    • Today's epaper
    • Brent below $104 on demand worries
    • Iran bans two election candidates
    • A late night knock turns Vinny’s world upside down
    • Significant changes set out in revised Croke Park II accord
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    • Apple chief executive Tim Cook arrives to testify at a Senate subcommittee hearing on offshore profit shifting on Capitol Hill in Washington yesterday. Photograph: Jason Reed/Reuters Ireland labelled a ‘tax haven’ as US Senate investigates Apple’s offshore strategies
    •  Deputy Mick Wallace at Leinster House yesterday. He said Mr Shatter had “tried to ridicule us, skew the debate, misrepresent us and show a level of disrespect to us as elected representatives.” Photograph: Cyril Byrne Shatter’s qualified apology seen as acceptance he might have overstepped mark
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    • The Cabinet yesterday discussed the troubled financial situation at the State transport company after Minister for Transport Leo Varadkar presented the report.  Photograph: Dan Sheridan/Inpho CIE deficit would be €45m without assets sale and State help
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    • Emigration story by far the most important of modern Ireland
    • Coalition’s credibility at stake in new pay deal
    • Second Opinion: Contribution of older citizens shouldn’t be downplayed
    • Cancer facilities for the young still a scandal
    • People walk past the Apple logo near an Apple Store at a shopping area in central Beijing. Photograph: Petar Kujundzic/Reuters Scrutiny of Ireland begins to bite in Apple tax inquiry
    • Minister for Public Expenditure and Reform Brendan Howlin at a press briefing at Government Buildings yesterday  on the negotiations on Croke Park. On the right is Paul Reid, Government chief negotiator. Photograph: Cyril Byrne Revised proposals more than ‘tweaks’ to rejected deal
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    • Above, left to right: Above, bandeau bikini top (€7), joggers (€17), bag (€9), sandals (€13), rings (€5), bracelets (€5), all at Penneys;  blazer (€69), tapered trousers (€41), check blouse (€33), sandals (€43), all at Next; geo-print wide-legged trousers (£40), at Asos.com Wearing the trousers with style
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    • Photograph: Julien Chatelin/Rex Features James Salter: a long career, a late flourishing
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Energy & Resources
 
Business 
Brent futures dropped further below $104 per barrel this morning, as data showed a surprise jump in US gasoline stockpiles. Brent below $104 on demand worries
  • Energy & Resources
  • May 22, 2013, 07:22

Losses capped ahead of minutes from Federal Reserve meeting later today

Brent crude futures steadied near a two-week high this morning, holding around $105 per barrel. Brent holds near 2-week top
  • Energy & Resources
  • May 21, 2013, 07:30

Rising Middle East tensions offset concerns about moderating demand growth

2013 has been a “complex and challenging” year for oil and gas company Aminex. (REUTERS) 'Challenging' five months for Aminex
  • Energy & Resources
  • Fiona Reddan
  • May 20, 2013, 08:34

Independent oil and gas company beset with delays

A German national flag  in front of solar panels in Bad Hersfeld. Photograph:  Lisi Niesner/Reuters Germany on collision course with Brussels over solar panel row with China
  • Energy & Resources
  • May 19, 2013, 21:57

Imposing anti-dumping duties would be ‘grave mistake’ says Rösler

  • 1 shared
Crowley Carbon chairman Norman Crowley says businesses in Ireland spend about €2.6 billion a year on heating oil and gas. Photograph: Dara Mac Dónaill Crowley Carbon promises major savings on energy costs for business
  • Energy & Resources
  • May 19, 2013, 21:00

Irish company launches innovative new boiler technology

  • 4 shared
Paddy Power chief executive Patrick Kennedy stressed that the cost of the licence and the size of the US market would be key criteria when it comes to deciding whether or not to invest there. Photograph: Alan Betson Cantillon: Paddy Power hedging its bets on US gamble
  • Energy & Resources
  • Barry O'Halloran
  • May 18, 2013, 01:00

Company watching developments as US states look to legalise online betting

  • 1 shared
 Neither of the gas interconnectors with Britain, built at a total cost of €600 million, can be used to export gas from here, as when they were built in 1993 and 2003 the Government was focused on securing supplies to meet high projected demand. Photograph: Christopher Furlong/Getty Images Bord Gáis Networks considers €200m cost of interconnectors
  • Energy & Resources
  • Barry O'Halloran
  • May 18, 2013, 01:00

Pipes that import 90% of gas used here not designed to allow exports to Britain

  • 9 shared
There may not have been a particularly pressing case for developing a two-way interconnector, but it was arguably short-sighted not to give it more consideration. Photograph: Christopher Furlong/Getty Images Cantillon: One-way interconnector points to scepticism over prospects for Irish gas exploration
  • Energy & Resources
  • Barry O'Halloran
  • May 18, 2013, 01:00

It appears little thought was given to the idea that gas might one day flow from the State to Britain

  • 3 shared
The Viridian owned power stations at Huntstown, north Dublin. Viridian to pay €47m to buy back bond
  • Energy & Resources
  • Ciara O'Brien
  • May 17, 2013, 12:53

Energy group will buy 9.3 per cent of senior secured notes due in 2017

  • 1 shared
Petroceltic chief executive Brian O’Cathain said the company was still committed to its plans to list on the main markets in Dublin and London. Petroceltic close to deal on Algerian permit
  • Energy & Resources
  • Ciara O'Brien
  • May 17, 2013, 07:57

Company says it will delay listing until farm-out is completed

  • 1 shared
Minister for Energy Pat Rabbitte is initiating a formal review of the fiscal terms for oil and gas exploration but he has rejected demands from an Oireachtas committee for a Norwegian-style regime with very heavy taxation. Oil, gas field fiscal terms under review
  • Energy & Resources
  • Arthur Beesley
  • May 15, 2013, 01:00

Rabbitte says he is looking to reposition exploration tax to similar level as the UK

  • 9 shared
Philip Cahill told the High Court he being “wronged” and what was happening to him was “disgusting”. Photograph: Collins Courts Oil company director denies secret deals
  • Energy & Resources
  • May 14, 2013, 19:08

Morrissey Oil director Philip Cahill says information about him put before High Court was wrong

  • 7 shared
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Energy & Resources

Brent futures dropped further below $104 per barrel this morning, as data showed a surprise jump in US gasoline stockpiles. Brent below $104 on demand worries
Brent crude futures steadied near a two-week high this morning, holding around $105 per barrel. Brent holds near 2-week top
2013 has been a “complex and challenging” year for oil and gas company Aminex. (REUTERS) 'Challenging' five months for Aminex
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