Oil & Gas

Statoil injects €150m into Shell’s Corrib gas field

Filings from the Companies Registration Office in Ireland have shown that Norwegian operator Statoil injected €150million into the Corrib gas gield, according to reports. The company owns a 36.5% stake in the field off the West of Ireland, while Shell owns a 45% stake and Vermilion owns 18.5%.

Oil & Gas

Statoil welcomes first gas from Corrib field

Statoil has welcomed first gas from the Corrib field after the Irish Government gave oil major Shell and its partners the final go-ahead. The Norwegian operator said the output from the Corrib field would be an important addition to Statoil’s international production portfolio. It comes after the Minister for Communication, Energy and Natural Resources gave consent for the pipeline, subject to 20 conditions related to environmental management, operation, control and monitoring.