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August 2019

Security firm being investigated over €1.8m deficit, court told

By: 
Aodhan O'Faolain & Ray Managh - Irish Times

Company provided Shell with personnel during Mayo pipeline construction

A criminal investigation is being conducted into a firm that provided cash in transit and other security services and which has an estimated deficit in its client account of €1.8 million, the High Court has heard.

The Garda probe concerns the affairs of Business Mobile Security Services Ltd (BMSS), the holding company of Senaca. As well as providing a cash in transit service the firm also supplied security personnel to Shell, during the construction of a highly controversial gas pipeline and refinery at Bellanaboy in Co Mayo some years ago.

Posted Date: 
30 August 2019

Falling gas prices knock sales for Corrib operator

By: 
Gordon Deegan - IrishIndependent.ie

Canadian firm Vermilion, which is the operator of the Corrib gas field off the northwest coast, said in its second quarter earnings report that it had locked in pricing on about 70pc of its summer European gas output "at significantly higher prices than the spot price" after prices fell due to increased LNG deliveries.

The Corrib field itself saw sales fall by 35.3pc in the first six months of this year, compared with the corresponding period last year.

Posted Date: 
30 August 2019

Sales at Corrib gas field drop as gas output declines

By: 
Gordon Deegan - Irish Times

Lower gas prices also contribute to fall

Corrib gas field operator Vermillion said sales from the Co Mayo facility declined by 46 per cent in the second quarter of the year when compared with the same period of 2018.

The Canadian company made the statement in its second quarterly report for 2019 as a combination of lower gas prices and reduced productivity resulted in sales dropping in comparison to last year.

Posted Date: 
30 August 2019

Europa secures 15-year licence for Inishkea

By: 
Ellie Donnelly - Independent.ie

AIM-listed Europa Oil & Gas has been awarded a 15-year exploration licence for its flagship Inishkea prospect.

The site lies immediately to the north-west of the Corrib gas field, which in 2017 was capable of producing 66pc of Ireland's gas demand.

Europa believes the Inishkea prospect could produce as much as 1.5 trillion cubic feet of gas, and has a one-in-three chance of success.

Posted Date: 
30 August 2019

Europa Oil & Gas awarded exploration licence offshore Ireland

By: 
Nicholas Woodroof - Oilfield Technology
The Irish Government has approved Europa Oil & Gas’s application to convert Licensing Option 16/20 in the Slyne basin in Atlantic Ireland to Frontier Exploration Licence 4/19 (‘FEL 4/19’ or ‘the licence').

The 100%-owned licence includes the company’s flagship Inishkea prospect which lies immediately to the north west of, and abuts, the producing Corrib gas field in the Corrib Field Petroleum Lease Area.

Posted Date: 
30 August 2019