Emerging markets have come of age since the dawn of the new millennium; their share of the global economy has almost doubled to 25 per cent since 1999(...)

Petroceltic chief executive Brian O’Cathain. The oil and gas explorer’s partner has sought a further suspension of the Carpignano Sesia-1 well in Italy. Photograph: The Irish Times

Oil and gas explorer Petroceltic’s partner Eni has lodged an application with the Italian Ministry of Economic Development requesting a further suspen(...)

Petroceltic chief executive Brian O'Cathain said a financing deal signed with a syndicate of banks and the International Finance Corporation represented a ‘strong technical and financial endorsement’ of the company’s exploration plans. Photograph: The Irish Times

Oil and gas exploration firm Petroceltic has secured up to $500 million (€382 million) in financing from a syndicate of international banks and(...)