The 5 per cent losses to lows of $34.21/b follow escalating tensions between Saudi Arabi and Iran, which market players fear may ruin the chances of a production cut deal between the Opec nations which would help support prices despite the global oil glut. Also on Wednesday US inventory data showed an increase in petroleum … Read more
Alexion Pharmaceuticals, a biopharm company focused on serving patients with severe and rare disorders, is expanding its Irish operations, bringing in 200 new jobs upon completion of its €450m facility in Blanchardstown. The four-year project will be the company’s first-ever biologics manufacturing facility outside the US, bringing its Irish workforce to almost 500. Since first … Read more
Located 83km off Ireland’s northwest coast, in water depths of 350m, the Corrib gas field is estimated to produce around 260 MM scf/d of gas, which is 45,000 barrels of oil equivalent per day (boe/d). Shell E&P Ireland operates the project with 45% stake while other partners include Statoil Exploration Ireland with 36.5% interest and … Read more
Nearly a quarter Ireland’s electricity demand is now being supplied through wind energy, according to a report from Vayu, the Irish gas and electricity supplier backed by global mining giant Glencore. The company’s latest report on the wholesale energy market here indicates just over 23 per cent of the State’s total electricity demand in 2015 came from … Read more
Ireland’s marine renewable energy sector could ultimately be worth as much as €9 billion by 2030, and be supporting thousands of jobs on the island, according to Energy Minister Alex White. Speaking at the Marine Renewable Energy Ireland (MaREI) Industry Day, in Ringaskiddy, Co. Cork, Minister White also said his department’s support for research and … Read more
Energy Minister Alex White today published an energy White Paper, which identifies actions that will reduce Ireland’s energy-related carbon emissions by between 80% and 95%, compared to 1990 levels, by 2050. Minister White said that Ireland would eventually have to generate 100% of our energy needs from clean sources.Ireland’s Transition to a Low Carbon Energy … Read more
Cork City Council, through its normal operations, buildings, transport etc consumes approximately 30 million units of energy per annum of electricity, fuel, gas, etc. As part of the National Climate Change policy, Cork City Council, like all other public bodies, is required to reduce its energy consumption by 33% by the year 2020 which equates … Read more
Ocean-based renewable energy, such as tidal energy, is increasingly being seen as Ireland’s best alternative renewable energy source, overtaking the more common wind energy. Now, a new string has been added to its bow, as Limerick is set to become home to the first OC1 device in Ireland. Having undergone trials since late October, with … Read more
AmbiSense, the DCU spinout company, was in attendance at the recent 2015 Cleantech Summit in Rotterdam. The event showcased the most promising Cleantech companies from an investment perspective currently operating in Europe. The summit has seen entrepreneurs successfully raise over €800m in the previous 4 editions of the event. Companies were selected to attend by leading investors … Read more
The Breakthrough Energy Coalition is working together with a growing group of countries who are significantly increasing their public research pipeline through the Mission Innovation initiative to make a greener future a reality, based on clean energy that is affordable and reduces greenhouse gas emissions. The initiative was launched at the UN’s COP21 climate conference … Read more