Shell (RDS.A), Statoil (STO), and Vermilion (VEMTF.PK) will invest another €800M into a gas...

|By:, SA News Editor

Shell (RDS.A), Statoil (STO), and Vermilion (VEMTF.PK) will invest another €800M into a gas field offshore of Ireland, hoping to get production going by 2014. The project has been fouled by delays and local protests, hurting Ireland's reputation as a place to explore for fuel. A recent licensing round conducted by the government drew zero bids from the oil majors.