Vermilion Energy Inc. has agreed a CA$120 million (£64.7m) sale of its remaining United States assets to reduce its debt and focus on its core gas-weighted assets in Canada and Europe. PRIORITY The transaction has an effective date of 1 January 2025 and is expected to close during the third quarter. The company anticipates net debt to […]
Tag: Slyne Basin – offshore Ireland
Vermilion increases Corrib interest to 56.5%
Vermilion Energy Inc has increased its operated interest from 20 to 56.5% in the Corrib natural gas project 83km off the northwest coast of County Mayo, Ireland. LOW EMISSIONS The Canadian company said it was now the largest provider of domestic natural gas in Ireland following its completed US$434 million acquisition of Equinor Energy Ireland Ltd. […]
Europa notes lower Inishkea emissions forecast
Europa Oil & Gas (Holdings) plc said an independent study showed lower emissions from development of 1 trillion cubic feet gas on its Irish offshore licence than imported gas. COMPARISONS The Inishkea prospect within FEL 4/19 in the Slyne basin and near the Corrib field is the company’s flagship project in Ireland. The report was […]
Europa granted more time to secure Inishkea partner
Europa Oil & Gas (Holdings) plc has secured more time for further technical studies and to secure a partner to develop its 100% operated FEL 4/19 licence offshore Ireland. INISHKEA PROSPECT The Inishkea prospect in FEL 4/19, which lies in the Slyne basin and near the producing Corrib gas field and associated infrastructure, is the […]