Brexit puts new pressure on Ireland to find and develop its own oil and gas supplies and reduce its reliance on British imports, the country’s offshore hydrocarbons industry argues.
Ireland imports all of its oil and around a third of its natural gas, mostly from the UK and the gas imports are set to rise as the country’s offshore Corrib reserve runs out over the next 12 years, according to the Irish Offshore Operators’ Association (IOOA).
Now, uncertainty around Britain’s future relationship with the EU is adding urgency to the industry’s calls for drilling and infrastructure projects that can bolster Ireland’s energy independence.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base and has grown organically and by the acquisition of companies in the UK and abroad and through investing in those companies to make them more successful. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector.