AEN Staff

Corrib, Irish offshore gas field, began producing on Wednesday

Corrib offshore project a joint venture between Shell, Statoil, Vermilion Energy CALGARY _ Vermilion Energy (TSX:VET) of Calgary says the Corrib offshore natural gas in Ireland began producing for the first time on Wednesday. “First gas marks an important milestone for Vermilion” said Lorenzo Donadeo, CEO of Vermilion. The Calgary-based company expects output to rise

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Oman budget: Taxes, gasoline prices to be raised due to low oil prices

Oman budget shortfall in 2016 DUBAI, United Arab Emirates _ Oman is going to cut government spending and also raise taxes and gasoline prices to cover an anticipated budget shortfall in the coming year. That’s according to a statement Wednesday from Oman’s Council of Ministers. The council’s statement, carried by the state-run Oman News Agency,

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Legislators debate US Virgin Islands oil refinery deal with US equity firm

US Virgin Island oil refinery closed in 2012 CHARLOTTE AMALIE, Virgin Islands _ Legislators in the U.S. Virgin Islands are debating an $800 million deal that would allow a Boston-based equity firm to operate what was once the world’s largest oil refinery. Senators met Tuesday to discuss whether the Hovensa oil storage facility in St. Croix

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