The Irish Offshore Operators’ Association welcomed the interest which they said was not a surprise despite the low price of a barrel of oil

A record number of licencing options for offshore exploration have been received by the Government despite the drop in the price of oil. Some 43 ap(...)

Fergus Cahill, who chairs the Irish Offshore Operators Association, says companies go where the likelihood of making big discoveries is high and where the financial risk is lessened by government incentives. photograph: kristian helgesen/bloomberg

They’re getting very strident on both sides of the oil/gas exploration debate as the review of licensing and fiscal terms ordered by Minister P(...)

 “Unlike Norway, we can’t afford to underwrite exploration. However, the Government is jointly funding a €15 million survey with Italian oil giant Eni of the Republic’s undersea geology.”

ExxonMobil’s announcement last week that it plans to abandon its search for oil and gas off the west coast looked like a blow to hopes for a fresh wav(...)