As far as energy is concerned, potential Brexit tariffs and the sterling exchange rate are red herrings. Tariffs — as opposed to transport costs — are no big deal in the oil, gas or electricity exploration and production industries.
The decision by Shell to sell its stake in the Corrib gas field for €1bn was not unexpected, as the oil giant continues to pull back from smaller projects globally, but it will have learned from its chequered management of the project, a leading Irish oil expert has said.
Irish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana’s government over the replacement of lost acreage in the west African country before the end of this year.
HIGH School Clonmel, backboned by five members of Tipperary’s All-Ireland minor football winning squad, got their Corn Uí Mhuirí Group C campaign off to a successful start when they defeated Tralee CBS by 2-8 to 0-11 in Newcastle West yesterday afternoon.