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Paddy Power chief executive Patrick Kennedy stressed that the cost of the licence and the size of the US market would be key criteria when it comes to deciding whether or not to invest there. Photograph: Alan Betson Cantillon: Paddy Power hedging its bets on US gamble

Company watching developments as US states look to legalise online betting

Neither of the gas interconnectors with Britain, built at a total cost of €600 million, can be used to export gas from here, as when they were built in 1993 and 2003 the Government was focused on securing supplies to meet high projected demand. Photograph: Christopher Furlong/Getty Images Bord Gáis Networks considers €200m cost of interconnectors

Pipes that import 90% of gas used here not designed to allow exports to Britain

There may not have been a particularly pressing case for developing a two-way interconnector, but it was arguably short-sighted not to give it more consideration. Photograph: Christopher Furlong/Getty Images Cantillon: One-way interconnector points to scepticism over prospects for Irish gas exploration

It appears little thought was given to the idea that gas might one day flow from the State to Britain

The Viridian owned power stations at Huntstown, north Dublin. Viridian to pay €47m to buy back bond

Energy group will buy 9.3 per cent of senior secured notes due in 2017

Petroceltic chief executive Brian O’Cathain said the company was still committed to its plans to list on the main markets in Dublin and London. Petroceltic close to deal on Algerian permit

Company says it will delay listing until farm-out is completed

Minister for Energy Pat Rabbitte is initiating a formal review of the fiscal terms for oil and gas exploration but he has rejected demands from an Oireachtas committee for a Norwegian-style regime with very heavy taxation. Oil, gas field fiscal terms under review

Rabbitte says he is looking to reposition exploration tax to similar level as the UK

Philip Cahill told the High Court he being “wronged” and what was happening to him was “disgusting”. Photograph: Collins Courts Oil company director denies secret deals

Morrissey Oil director Philip Cahill says information about him put before High Court was wrong

Profits beat guidance as cold weather boosts demand for energy distribution services. Photograph: Dara Mac Dónaill DCC posts 21% jump in profit

Colder weather increases demand for oil in Britain, the group’s main energy market

Across Europe there is a major debate going on about energy prices, and the Irish presidency of the Council of the European Union is fundamentally helping to shape that debate. Benefits of energy co-operation obvious

Belfast Briefing: Cross-Border links pave the way to pooling European energy markets

Circle Oil chairman Thomas Anderson. The company posted a 41% rise in operating profits last year. Photo: Frank Miller Circle Oil 2012 revenues top $73 million

Operating profits at Limerick-based oil and gas exploration company rise 41%

Glencore Xstrata has halted work on the Balaclava Island coal export terminal in Australia because of poor market conditions and overcapacity. Photo: Bloomberg Glencore Xstrata copper output up 18%

World’s biggest exporter of coal halts work on Balaclava Island terminal in Australia

An oil tanker is anchored in New York harbour. The number of oil tonne-miles – a proxy for the global oil trade – surged last year by almost 10 per cent. Photograph: Reuters/Brendan McDermid Increase in seaborne oil trade for tankers

Sharp rise in oil tonne-miles comes even as the volume of oil traded has flatlined, and reflects crude being shipped much longer distances

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Energy & Resources

Paddy Power chief executive Patrick Kennedy stressed that the cost of the licence and the size of the US market would be key criteria when it comes to deciding whether or not to invest there. Photograph: Alan Betson Cantillon: Paddy Power hedging its bets on US gamble
Neither of the gas interconnectors with Britain, built at a total cost of €600 million, can be used to export gas from here, as when they were built in 1993 and 2003 the Government was focused on securing supplies to meet high projected demand. Photograph: Christopher Furlong/Getty Images Bord Gáis Networks considers €200m cost of interconnectors
There may not have been a particularly pressing case for developing a two-way interconnector, but it was arguably short-sighted not to give it more consideration. Photograph: Christopher Furlong/Getty Images Cantillon: One-way interconnector points to scepticism over prospects for Irish gas exploration
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