A FURTHER €203 million has been written down in impairments in connection with the Corrib Gas Field project.

THE Marathon Oil Corporation has sold off the bulk of its Irish operations — which include gas fields off the Cork coast that supply 8% of Ireland’s natural gas needs — to the Malaysian government for $180 million (€130.26m).

Oil and gas exploration company Providence Resources has been granted a 100% interest in a new licensing option 05/3 in St George’s Channel, off the south east of Ireland.