Phelim Rooney: “They had no understanding of the expertise needed to do something in the sea”

Phelim Rooney specialises in pipes. Not the kitchen variety, but 400 metre-long jumbos pumping millions of euro worth of oil from the bottom of the se(...)

Burnt out: Ageing oil fields in the North Sea look very vulnerable and could face early closures and accelerated moves to decommission them

Shouting to be heard over an Arctic blast, Alistair Hope points out a dozen oil platforms, some nearby, their gas flares illuminating a heavy North S(...)

Ryanair put in another strong performance, on back of steady volumes, closing the day 29 cent or 3.3 per cent up at €9.96 following a sector-wide trend. Photograph: Robin Townsend/EPA

Stock markets around the world clung to modest gains on Thursday, with European equities retreating from seven-year highs, after Germany rejected a(...)

Port of Cork: volumes through Tivoli and Ringaskiddy container terminals show growth of 13 per cent compared to 2013 figures. Photograph: Daragh Mc Sweeney/Provision

The Port of Cork’s proposed move of its container terminal business to Ringaskiddy is essential to cater for increased growth following 13 per cent gr(...)

Aer Lingus: the national airline closed up 1.6 per cent at €1.85 while rival Ryanair continued its strong recent run, closing up 0.5 per cent at €9.457

A drop in the value of oil and gas companies sent European stocks down for a third day after OPEC said it sees demand for crude in 2015 at the weakes(...)

Turkish tanks and armoured vehicles took up positions on hills overlooking the besieged Syrian border town of Kobani today as shelling by Islamic State insurgents intensified and stray fire hit Turkish soil. Photograph: Murad Sezer/Reuters

US warplanes have attacked Islamic State targets in Syria, in raids that a group monitoring the war said killed civilians as well as jihadist fighters(...)

The Suncor oil sands extraction facility near the town of Fort McMurray in Alberta, Canada. Photograph: Mark Ralston/AFP

At a time of Russian sabre-rattling and with the Middle East in turmoil, a welcome geopolitical treble win could be on the cards. The United St(...)

Cairn Energy plans a $400 million drilling campaign this year, making it its busiest year in a decade. Photograph: Cairn Energy

Cairn Energy has suffered another setback in its ambitions to establish Morocco as a frontier oil and gas province following the failure of a t(...)

Shareholders in biotech company Elan got an update on their opportunity to vote on Michigan-based pharmaceuticals group Perrigo’s proposed acquisition of the Irish company on November 18th in Dublin. Photographer: John Cogill/Bloomberg News

Investors worries that even a temporary US government shutdown could put a damper on an already weak economic recovery hung over global markets yester(...)

ONGC is India’s biggest energy explorer. The country is heavily dependent on imports to meet its energy needs.

Oil and Natural Gas Corp (ONGC), India’s biggest energy explorer, plans to pay about $2.6 billion (€1.9 bn) to buy a 10 percent stake in a Mozambiq(...)