Monday September 21, 2020

Big Oil turns its back on Ireland after government ban

ExxonMobil and Equinor have relinquished their exploration interests in this country, and the Chinese government is following suit

Daniel Murray

Business Reporter

@danieltmurray
5th April, 2020
The oil majors are part of a flood of oil and gas exploration licences surrendered since the government announced a ban on future oil exploration last September

Oil giants ExxonMobil and Equinor have completely dropped their exploration interests in Ireland, while the Chinese state has relinquished all but one licence.

The oil majors are part of a flood of oil and gas exploration licences surrendered since the government announced a ban on future oil exploration last September, according to new documents published by the Department of Communications, Climate Action and Environment (DCCAE).

Sixteen licences in total have been surrendered since the government’s...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The European hydrogen project GenComm is funding Energia's construction of a renewable hydrogen production facility at one of its wind farms in Antrim. The zero-carbon gas can power buses, three of which are due to be trialled in Dublin next year, cars and industry

Daniel Murray | 1 day ago

Initiative part of postal service’s Green Hub initiative which will provide variety of environmentally sustainable products and services

Daniel Murray | 1 week ago

Gas Networks Ireland and the utilities regulator also refute claims made in new report that they are undermining climate targets

Daniel Murray | 1 week ago