UK energy infrastructure group InfraStrata has agreed to buy Harland and Wolff shipyard in Belfast for £6 million.
Two years after the U.K.’s largest natural gas storage site slipped into retirement, demand for new places to keep the fuel is ratcheting up.
The company behind a project to store gas under Larne Lough in Northern Ireland said today it had paid back a loan to London-listed Baron Oil.
Independent gas storage firm Infrastrata has launched a fundraising bid.
Operator InfraStrata and partner Baron Oil have failed to find hydrocarbons during the drilling of the Woodburn Forest well in County Antrim, in Northern Ireland.
InfraStrata has started drilling at its controversial Woodburn Forest site in County Antrim, Northern Ireland, and said it expects to complete the well within the next six weeks.
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
InfraStrata, the Irish independent explorer, said the massive potential for its Woodburn Forest play can deliver Ireland its largest onshore oilfield.
Irish focussed oil and gas firm InfraStrata saw its losses narrow in its latest unaudited results.
Irish gas storage firm Infrastrata has secured funding drill a well at the Woodburn Forest project, onshore Northern Ireland.
InfraStrata, the independent petroleum exploration and gas storage company, has completed its 2015 work programme on the Islandmagee gas storage project in Northern Island, allowing it to start the process of attracting investors to the project.
Baron Oil has started work on its onshore well in Peru following delays caused by customs issues relating to its seismic equipment.
InfraStrata has confirmed a company structure shake-up as it divests the majority its exploration-based assets in a bid to refocus on its gas storage project in Northern Ireland.