Losses at Vermilion Energy, one of the Corrib gas field partners, last year rose by 50% to €30.8m.

WHEN I heard of Honor Moore’s recent passing I was deeply saddened.

Shell Ireland has received a fresh cash injection of €90 million from its parent company to deal with the spiralling costs of the Corrib gas field project.

ONE of Shell’s partners in the €2.5 billion Corrib Gas project has conceded that gas will not now be brought ashore until 2014.

SHELL IRELAND has received a further cash injection of €60 million from its parent company to complete the Corrib gas field project.

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

Oil spewed into the Gulf of Mexico for much of the day yesterday before engineers reattached a cap being used to contain the gusher and direct some of the crude to a surface ship.

ENERGY giant PSE Kinsale Energy has launched a major feasibility study into the development of a €500 million natural gas storage complex of strategic national importance.

PROVIDENCE Resources has reported a net loss of €6.6 million for the first six months of this year, down from a profit of €3.25m for the same period last year.

PROVIDENCE Resources chief executive Tony O’Reilly Jnr has told shareholders that the company has the capability to become debt free within the next three years.

PROVIDENCE Resources is set to enter the lucrative gas storage and trading market and double its daily oil production levels after winning an option to buy a significant share in part of the former Irish assets of international exploration company, Marathon Oil.

The US-headquartered energy company Marathon Oil today announced the sale of its Irish subsidiary, Marathon Oil Ireland Limited (MOIL) to PSE Ireland Limited, a subsidiary of Petroliam Nasional Berhad (Petronas).

ISLAND Oil & Gas has said exploration investment will largely be shelved in favour of increasing its gas storage facilities.

Island Oil and Gas confirmed it may consider bidding for all or part of Marathon’s gas assets off the Cork coast.

The European Commission is to block a proposed joint gas marketing venture between Enterprise Energy Ireland, Norway's Statoil and US company Marathon Oil because it considers it anti-competitive.