Apec Energy

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An oil rig operating in Barryroe, 50km from Co Cork. Taoiseach Leo Varadkar has said the Government will ban oil exploration off the Republic’s Atlantic coast. File photograph: PA

Providence Resources will seek a new partner to develop its Barryroe oil fields following the latest failure of Chinese backer Apec to loan it $9 mill(...)

Traders work of the floor of the New York Stock Exchange. Photograph: Spencer Platt/Getty

A declining euro boosted European shares on Monday, while a higher opening on Wall Street fuelled later gains. DUBLIN Oil and gas explorer Providenc(...)

Providence chief executive Tony O’Reilly junior.

Oil and gas company Providence Resources still hopes to get a $9 million loan from Chinese partner Apec Energy Enterprises despite a three-month delay(...)

Barryroe is about 50km off the south coast of Ireland.

Oil and gas explorer Providence Resources said on Monday that it has completed the Barryroe site survey, about 50 km off the south coast of Ireland, a(...)

An appraisal well at Barryroe, off the coast of Cork. Photograph:  Finbarr O’Rourke

Providence Resources has confirmed another delay in the advance from an investor of a $9 million loan to cover exploration costs for the Barryroe proj(...)

The New York Stock Exchange. US stocks were lower in early afternoon trading on Wall Street, pressured by a more than 2 per cent drop in shares of Apple. Photograph: Brendan McDermid/Reuters

European shares closed slightly lower on Monday as a massive restructuring plan announced by Deutsche Bank weighed on the wider financial sector and m(...)

The Barryroe site off the southwest coast of Ireland. Photograph: Finbarr O’Rourke

An investor in oil and gas explorer Providence Resources has delayed the advance of a $9 million loan to cover exploration costs relating to a site ro(...)

The site contains the Barryroe oil accumulation and lies in about 100 metres of water in the North Celtic Sea Basin.

Irish oil and gas explorer Providence Resources is to apply for new permission to survey a well site 50 km off the south coast of Ireland after An Tai(...)

Oil and gas explorer Providence Resources has sold a 50 per cent stake in its Barryroe field. Photograph: iStock

Oil and gas explorer Providence Resources has sold a 50 per cent stake in its Barryroe prospect off the south coast of Ireland to a Beijing-headquarte(...)