Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Elaine Byrne: Lacking moral courage to name names

offsite link Real democracies and referendums Anthony

offsite link Public Services Card: Some still forced to comply Anthony

offsite link Catholic Church: Dark influence still active Anthony

offsite link Tom Parlon launches new career in comedy Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link 20 Questions with Vladimir Putin : Episode 2. Putin on Ukraine Fri Feb 21, 2020 17:06 | amarynth
From TASS Has Vladimir Putin seen the Servant of the People TV series? Is dialogue with Zelensky possible? How to view Ukrainians? national identity? Are Russians and Ukrainians one people?

offsite link 20 Questions with Vladimir Putin : Episode 1. Putin on the tasks of the government Fri Feb 21, 2020 17:05 | amarynth
From TASS We are launching a special project entitled “20 Questions with Vladimir Putin”. The Russian leader answered questions about amendments to the Constitution, the government?s resignation and other major

offsite link Reading the ?traitors? ? a good or a bad idea? Fri Feb 21, 2020 02:34 | The Saker
[this article was written for the Unz Review] There are two names which often trigger a very strong and hostile reaction from many Russians:  Alexander Solzhenitsyn and Vladimir Rezun aka

offsite link Turkish War On Syria. Bluff Or Reality? Fri Feb 21, 2020 01:23 | Scott
https://southfront.org/turk... Turkey will take the Idlib matter into its own hands and the military operation in northwestern Syria is simply a ?matter of time?, President Recep Tayyip Erdogan declared on

offsite link Four Myths About Bulgaria During the Second World War Thu Feb 20, 2020 23:33 | The Saker
A special note from the translator: As a Bulgarian, I have translated in good faith and on a goodwill basis from Russian to English the following brief article, as a

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Latest Listings Mon Feb 10, 2020 10:07 | Human Rights

offsite link Latest Updates Thu Nov 21, 2019 20:32 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
"A flaky website that purports to be ?leftist,? The Cedar Lounge Revolution, occasionally makes a relevant point or two."

offsite link Sinn Féin in Government Scare Stories 16:40 Fri Feb 21, 2020 | irishelectionliterature

offsite link Signs of Hope ? A continuing series 11:59 Fri Feb 21, 2020 | WorldbyStorm

offsite link Good prediction! 09:34 Fri Feb 21, 2020 | WorldbyStorm

offsite link If at first you don?t succeed 08:51 Fri Feb 21, 2020 | WorldbyStorm

offsite link (New) Dáil Report! 17:20 Thu Feb 20, 2020 | WorldbyStorm

Cedar Lounge >>

Search words: Shell Sea

Corrib benefits from high price of gas

category national | worker & community struggles and protests | press release author Friday March 03, 2017 23:32author by shell2sea Report this post to the editors

[Shell to Sea]The Oil & Gas giveaway in action: The Corrib Gas partners made $589m (estimated €532m) last year and yet paid no royalties or tax.

The Corrib Partners are benefiting from a relatively high gas-priced product and recorded estimated sales of over €420m in the first full year of production at the Corrib gas field.

Production started on the field at the end of 2015. For the 12 months of last year, the Corrib Partners, including Shell Ireland, recorded estimated revenues of (Canadian) $589m from the production of gas from the field.
Taken from Pg 50 of Vermilions Annual Financial Report 2016: available
Taken from Pg 50 of Vermilions Annual Financial Report 2016: available

This follows a new report by one of the Corrib partners, Canada-based Vermilion showing that it has generated sales of $109m for the 12 months.

Vermilion owns 18.5pc of the field and based on Vermilion's Corrib sales between January and December of last year, the total sales from the field for the three partners would be $589m (€423.47m).

Vermilion state that its investment in the field will be a significant source of fund flows for Vermilion "stemming from its relatively high priced gas product".

Vermillion also point to the field being a significant source of fund flows to the firm from the "lack of cash income tax for the foreseeable future" along with the absence of royalties, low operating expense and low-maintenance capital requirements.

The new results for Vermilion show that the amount it recorded in sales from Corrib increased sharply in the final quarter of last year.

According to the Vermilion report "production results continued to benefit from better than expected well deliverability and minimal downtime".

Vermilion 'fund flows from operations' last year totalled $79.24m after taking costs into account.

The Vermilions Annual Financial Report 2016 is available here:
http://www.vermilionenergy.com/files/ir/2016/Annual_Rep...6.pdf

Related Link: http://shelltosea.com/content/corrib-benefits-high-price-gas
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy