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Shell Corrib Gas News 13 July 2017

Shell unloads its stake in Corrib: The Times: 13 July 2017

Royal Dutch Shell has sold its stake in the contentious Corrib gas project off the Republic of Ireland to a Canadian pension fund for up to $1.23 billion. READ MORE

Shell’s Corrib exit leaves energy giants up to €2.5bn in the red: 13 July 2017

Energy groups behind the controversial Corrib gas field off the Mayo coast are as much €2.5 billion in the red on their investment, as Shell’s move to sell a stake to a Canadian state pension fund has left it with loss of up to €1 billion. READ MORE

Losses on Corrib near €2bn as Shell sells up: The Irish Times: 13 July 2017

It had been beset by more than a decade of delays and rows with protesters before production began. READ MORE

Canadian pension fund bullish as Shell pulls plug on Corrib stake: The Irish Times: 13 July 2017

No doubt, Shell is glad to see the back of the Corrib natural gas field, even if it is on track to lose about €1 billion on 15 years of heavy investment in the controversial project. READ MORE

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