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Ireland Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 133 Pages


This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Ireland. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Ireland. The report compares the investment environment in Ireland with other countries in the region. The profiles of the major companies operating in the natural gas sector in Ireland together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Ireland for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Ireland.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Irelands energy industry.
  • Information on the top companies in the Ireland including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
Reasons to buy

  • Gain a strong understanding of the countrys energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitors major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table Of Contents

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Ireland Energy Sector 10
2.1 Ireland Energy Sector, Natural Gas 11
2.1.1 Ireland Natural Gas, Overview 11
2.1.2 Ireland Natural Gas, Supply and Demand Balance 11
2.1.3 Ireland Natural Gas, Regulatory Structure 17
2.1.4 Ireland Natural Gas, Infrastructure 18

3 Ireland Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 20
3.3.1 Maximum Government Take Index 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28

4 Ireland Exploration and Production Sector 30
4.1 Ireland Exploration and Production Sector, Country Snapshot 30
4.1.1 Ireland Exploration and Production Sector, Key Data 30
4.1.2 Ireland Exploration and Production Sector, Assets Map 30
4.2 Ireland Exploration and Production Sector, Marketed Natural Gas Production 31
4.2.1 Ireland Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 31
4.2.2 Ireland Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 32
4.2.3 Ireland Exploration and Production Sector, Marketed Natural Gas Production by Assets 33
4.2.4 Ireland Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 33
4.2.5 Ireland Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 34
4.3 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasts 35
4.3.1 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasted Production 35
4.3.2 Ireland Exploration and Production Sector, Gross Revenue Forecast 36
4.3.3 Ireland Exploration and Production Sector, Government Take Forecast 36
4.3.4 Ireland Exploration and Production Sector, Contractor Take Forecast 36
4.4 Ireland Exploration And Production Sector, Natural Gas Asset Details 37
4.4.1 Ireland Exploration And Production Sector, Active Natural Gas Asset Details 37
4.4.2 Ireland Exploration And Production Sector, Planned Natural Gas Asset Details 37
4.5 Ireland, Major Natural Gas Discoveries, 2004-2009 38
4.5.1 Ireland, Natural Gas Discoveries by Year, 2004-2009 38
4.5.2 Ireland, Natural Gas Discovery Details, 2004-2009 38
4.6 Australia Exploration and Production Sector, Recent Discoveries 38
4.6.1 Jun 09, 2009: Serica Energy Encounters Oil At Bandon Well In Slyne Basin, Ireland 38
4.7 Australia Exploration and Production Sector, Drilling and Production Updates 39
4.7.1 Feb 16, 2010: Providence Resources Secures Exploration Authorization Over Baltimore Heavy Oil Discovery, Offshore Ireland 39
4.7.2 Jan 29, 2010: Atlantic Petroleum Provides Updates On Its Oil Production For 2009 39
4.7.3 Aug 12, 2009: Providence Resources To Enter Second Phase Of Dunquin License In Ireland 41

5 Ireland Pipeline Sector 42
5.1 Ireland Pipeline Sector, Kay Data 42
5.2 Ireland Pipeline Sector, An Overview 42
5.3 Ireland Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 42
5.4 Ireland, Natural Gas Pipelines 44

6 Ireland LNG Sector 45
6.1 Ireland LNG Sector, Overview 45
6.2 Ireland LNG Sector, Regasification 45
6.2.1 Ireland LNG Sector, Regasification, Total Regasification Capacity 45
6.2.2 Ireland LNG Sector, Regasification, Market Share By Company 46
6.2.3 Ireland LNG Sector, Regasification Capacity by Terminal 47

7 Ireland Underground Gas Storage Sector 48
7.1 Ireland Underground Gas Storage Sector, Key Data 48
7.2 Ireland Underground Gas Storage Sector, An Overview 48
7.3 Ireland Underground Gas Storage Sector, Market Share by Company 48
7.4 Ireland Underground Gas Storage Sector, Storage Capacity by Facility 49

8 Profile Of Marthon Oil Corporation 50
8.1 Marthon Oil Corporation, Key Information 50
8.2 Marthon Oil Corporation, Company Overview 50
8.3 Marthon Oil Corporation, Business Description 50
8.3.1 Business Overview 50
8.3.2 Exploration and Production 51
8.3.3 Integrated Gas 52
8.3.4 Oil Sands Mining 53
8.3.5 Refining, Marketing and Transportation 54
8.4 Marthon Oil Corporation, SWOT Analysis 55
8.4.1 Overview 55
8.4.2 Marathon Oil Corporation Strengths 56
8.4.3 Marathon Oil Corporation Weaknesses 57
8.4.4 Marathon Oil Corporation Opportunities 58
8.4.5 Marathon Oil Corporation Threats 59

9 Profile of Petroliam Nasional Berhad (PETRONAS) 60
9.1 Petroliam Nasional Berhad (PETRONAS), Key Information 60
9.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 60
9.3 Petroliam Nasional Berhad (PETRONAS), Business Description 60
9.3.1 Business Overview 60
9.3.2 Exploration and Production Segment 61
9.3.3 Gas Business Segment 62
9.3.4 Logistics and Maritime Segment 64
9.3.5 Oil Business Segment 65
9.3.6 Petrochemicals Segment 66
9.3.7 Major Products and Services 67
9.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 68
9.4.1 Overview 68
9.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths 69
9.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 70
9.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 71
9.4.5 Petroliam Nasional Berhad (PETRONAS) Threats 71

10 Profile of ConocoPhillips 73
10.1 ConocoPhillips, Key Information 73
10.2 ConocoPhillips, Company Overview 73
10.3 ConocoPhillips, Business Description 73
10.3.1 Business Overview 73
10.3.2 Chemicals Segment 74
10.3.3 Emerging Businesses Segment 74
10.3.4 Exploration and Production Segment 76
10.3.5 LUKOIL Investment 77
10.3.6 Midstream Segment 77
10.3.7 Refining, Marketing and Transportation 78
10.4 ConocoPhillips, SWOT Analysis 79
10.4.1 Overview 79
10.4.2 ConocoPhillips Strengths 80
10.4.3 ConocoPhillips Weaknesses 81
10.4.4 ConocoPhillips Opportunities 81
10.4.5 ConocoPhillips Threats 82

11 Ireland Gas Markets, Financial Deals Landscape 84
11.1 Detailed Deal Summary 84
11.1.1 Acquisition 84
11.1.2 Equity Offerings 90
11.1.3 Asset Transactions 100

12 Ireland Gas Markets, Recent Developments 107
12.1 License Awards 107
12.1.1 Dec 09, 2009: Ireland's CER To Grant Consent To Shannon LNG For Gas Pipeline Construction 107
12.1.2 Jul 21, 2009: Serica Energy Wins Frontier Exploration License In Ireland's Rockall Licensing Round 107
12.2 Strategy and Business Expansion 109
12.2.1 Feb 25, 2010: Providence Resources Signs Strategic Seismic Collaboration Agreement With PGS Ventures 109
12.3 Other Significant Developments 109
12.3.1 Feb 16, 2010: Shell Defers Startup Of Corrib Gas Project In Ireland To 2012-13 109
12.3.2 Feb 02, 2010: San Leon Energy Appoints Shaun Hennessey As Non Executive Director 110
12.3.3 Jan 27, 2010: PetroNeft Resources Appoints Karl D. Johnson As Vice President, Business Development And Operations 110
12.3.4 Jan 05, 2010: Petroceltic Appoints Dr. Robert J Arnott As Non-Executive Director 111
12.3.5 Dec 21, 2009: EnCore Oil Provides 2009 Activity Update 111
12.3.6 Dec 10, 2009: Circle Oil Provides Operations Update 114
12.3.7 Dec 09, 2009: PetroNeft Resources Provides Operations Update 116
12.3.8 Dec 07, 2009: Maple Energy Announces Board Appointments 117
12.3.9 Nov 25, 2009: Maple Energy's Chairman Jack Hanks Resigns 118
12.3.10 Oct 07, 2009: Providence Resources Provides Ireland Operations Update 119
12.3.11 Sep 22, 2009: Maple Energy Appoints Two New Directors 120
12.3.12 Aug 27, 2009: PetroNeft Provides Operations Update 121
12.3.13 Jul 30, 2009: Bord Gais Appoints Rose Hynes As Chairperson 122
12.3.14 Jul 28, 2009: Providence Resources Completes Spanish Point 3D Seismic Survey In Ireland 123
12.3.15 Jul 17, 2009: Atlantic Petroleum Announces Impairment Of Celtic Sea License SEL 2/07 In Ireland 123
12.3.16 Jul 01, 2009: Maple Energy Announces Launch Of MapleTV 124
12.3.17 Jun 29, 2009: Providence Resources To Begin Site Survey Work On Dunquin Acreage In Porcupine Basin, Ireland 124
12.3.18 Jun 25, 2009: EnCore Oil Provides Operational Update 125
12.3.19 Jun 23, 2009: Providence Resources Provides Operations Update 126
12.3.20 Jun 22, 2009: Providence Resources Begins Spanish Point 3D Seismic Survey In Ireland 128

13 Appendix 129
13.1 Methodology 129
13.1.1 Coverage 130
13.1.2 Secondary Research 131
13.1.3 Primary Research 131
13.1.4 Midstream Forecasts 131
13.1.5 Expert Panel Validation 131
13.2 Contact Us 132
13.3 About GlobalData 132
13.4 Disclaimer 133

List of Table


Table 1: Ireland, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 12
Table 2: Ireland, Historical and Forecasted Imports of Natural Gas, Billion Cubic Feet, 1996-2020 14
Table 3: Ireland, Historical Reserves of Natural Gas, Billion Cubic Feet, 1996-2009 16
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010 19
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 20
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010 22
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2010 26
Table 8: Western Europe, Country Standings, Economic Performance, March 2010 26
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010 28
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 29
Table 11: Ireland, Natural Gas Key Statistics, 2009 30
Table 12: Ireland, Total Marketed Natural Gas Production (MMcf), 2002-2009 31
Table 13: Ireland, Marketed Natural Gas Production by Type(MMcf), 2002-2009 32
Table 14: Ireland, Marketed Natural Gas Production (MMcf), by Assets, 2002-2009 33
Table 15: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 33
Table 16: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 34
Table 17: Ireland, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2010-2015 35
Table 18: Ireland, Forecasted Assets-wise Gross Revenue(000'$), 2010-2015 36
Table 19: Ireland, Projected Assets-wise Total Government Take(000'$), 2010-2015 36
Table 20: Ireland, Projected Assets-wise Total Contractor Take(000'$), 2010-2015 36
Table 21: Ireland, Active Gas Field Details 37
Table 22: Ireland, Planned Gas Field Details 37
Table 23: Ireland, Number of Gas Discoveries, 2004-2009 38
Table 24: Ireland, Natural Gas Discovery Details, 2004-2009 38
Table 25: Ireland, Pipeline Key Statistics, 2009 42
Table 26: Ireland, Natural Gas Pipeline Length by Company (Km), 2009 42
Table 27: Ireland, Natural Gas Pipelines, 2009 44
Table 28: Ireland, Total Regasification Capacity (Bcf), 2000-2015 45
Table 29: Ireland, Regasification Capacity by Company (Bcf), 2000-2015 46
Table 30: Ireland, Regasification Capacity by Terminal (Bcf), 2000-2015 47
Table 31: Ireland Underground Gas Storage Key Statistics, 2009 48
Table 32: Ireland Underground Gas Storage Capacity by Company, 2009 48
Table 33: Ireland, Underground Gas Storage Capacity by Facility, 2009 49
Table 34: Marathon Oil Corporation, Key Facts 50
Table 35: Marathon Oil Corporation, SWOT Analysis 56
Table 36: Petroliam Nasional Berhad (PETRONAS), Key Facts 60
Table 37: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 69
Table 38: ConocoPhillips, Key Facts 73
Table 39: ConocoPhillips, SWOT Analysis 80
Table 40: San Leon Energy To Acquire Island Oil & Gas 84
Table 41: Vermilion Energy Acquires Marathon International Petroleum Hibernia From Marathon Oil 85
Table 42: PSE Ireland Acquires Marathon Oil Ireland From Marathon Oil 87
Table 43: Iberdrola Acquires 22.64% Stake In Petroceltic International 89
Table 44: Providence Resources Announces Private Placement Of $22.48 Million 90
Table 45: PetroNeft Resources Announces Private Placement Of $27.47 Million 91
Table 46: San Leon Energy Completes Private Placement Of $10.36 Million 92
Table 47: Circle Oil Completes Private Placement Of $27.26 Million 93
Table 48: Island Oil & Gas Completes Private Placement Of $1.22 Million 94
Table 49: Providence Resources Announces Private Placement Of $23.33 Million 95
Table 50: Petrel Resources Completes Private Placement Of $2.78 Million 96
Table 51: Circle Oil Completes Private Placement Of $58.04 Million 97
Table 52: Petroceltic International Completes Private Placement 98
Table 53: PetroNeft Announces Private Placement Of $17.3 Million 99
Table 54: Exxon Mobil Plans To Farm-Out Dunquin Blocks In The Porcupine Basin 100
Table 55: Ramco Energy To Sell Its Oil And Gas Assets 101
Table 56: ExxonMobil Enters Into A Farm-Out Agreement With Eni 102
Table 57: Island Oil & Gas Plans To Sell Its Gas Storage Sites In Celtic Sea 103
Table 58: Providence Resources To Acquire 40% Interest In Kinsale Head Area And Seven Heads Field 104
Table 59: Petronas Completed Acquisition Of Kinsale Head gas field From Marathon Oil 106


List of Chart

List Of Figures

Figure 1: Ireland, Energy Sector Split by Fuel Type, 2009 10
Figure 2: Ireland, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 13
Figure 3: Ireland, Natural Gas Imports, Billion Cubic Feet, 1996-2020 15
Figure 4: Ireland, Natural Gas Reserves, Billion Cubic Feet, 1996-2009 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 21
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 23
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 24
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010 25
Figure 9: Western Europe, Country Standings, Economic Performance, March 2010 27
Figure 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 29
Figure 11: Ireland, Natural Gas Assets Map, 2009 30
Figure 12: Ireland, Total Marketed Natural Gas Production (MMcf), 2002-2009 31
Figure 13: Ireland, Marketed Natural Gas Production by Type(MMcf), 2002-2009 32
Figure 14: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 34
Figure 15: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2009 35
Figure 16: Ireland, Natural Gas Pipeline Length by Company (Km), 2009 43
Figure 17: Ireland, Total Regasification Capacity (Bcf), 2000-2015 46
Figure 18: GlobalData Methodology 130


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