Saturday January 18, 2020

Providence in crisis: The main players

Daniel Murray

Business Reporter

11th August, 2019
John Teeling, chairman of Petrel Resources Pic: Barry Cronin

Vermilion Exploration and Production is the operator of Ireland’s only remaining commercial gas field, Corrib. It took over from Shell in 2018, and operates the field completely tax-free due to liberal licence terms and the ability to offset previous investment against future tax. Canadian parent company Vermilion Energy owns an 18.5 per cent stake in the field, along with majority shareholders Nephin Energy and Equinor. Vermilion Energy made profits of $272 million in 2018. Without...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Last week, the mogul’s many accusers finally got to see the former movie mogul in court on five charges of sex crimes. But if the first two days of the case are anything to go by, his trial will be full of the cliffhangers and theatrics that punctuated the blockbuster films he produced

Marion McKeone | 6 days ago

Masoud Islami also compared assassinated general Qassem Soleimani to Michael Collins, saying both were ‘icons of resistance’

Emmet Ryan | 6 days ago

Dublin is a global sales hub for tech companies such as Google, which has become synonymous with data capture and tax avoidance. But is this really the reputation that the tech giant wants to have?

Aidan Regan | 6 days ago