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People gather at the park during a blackout in Caracas, Venezuela on Thursday.  Photograph: Carlos Jasso/Reuters

Venezuela shut schools and suspended the work day as its worst blackout in decades paralysed most of the country for a second day on Friday, while Chi(...)

Photograph: iStock

Oil and gas exploration firm PetroNeft has appointed a new chief executive. with David Sturt taking up the role in March. Mr Sturt has been a direct(...)

Statoil said on Tuesday that after drilling the northernmost exploration well in the highly anticipated Korpfjell prospect it had found only non-commercial quantities of gas and no oil. Photograph: Kristian Helgesen

Norway’s hope of discovering a large oilfield in the Barents Sea has suffered a major setback after the far north Arctic’s most promising reservoir tu(...)

Traders in New York. New economic data  showed  the domestic US economy grew at a faster pace in the fourth quarter than previously estimated

Irish shares and the broader European market advanced on Thursday, with Tullow Oil and other explorers standing out as a strong spot as US crude oil p(...)

The road ahead for 2017 “Companies might find the challenges are becoming a bit more complex, but they are going to have to navigate around them if they are to progress”

For businesses looking to execute growth strategies through mergers and acquisitions, these are “interesting times”, as the old Chinese curse has it. (...)

Trinity College is also selling up shares in two companies linked to the Dakota access pipeline in North Dakota. Photograph: Alyssa Schukar/New York Times

Trinity College Dublin has moved to sell as much as €6 million of fossil fuel company shares, including ExxonMobil and BP. The university’s endowme(...)

Whitegate, Ireland’s only oil refinery: a “huge amount” of indirect jobs are linked to the site”, Minister for the Environment Denis Naughten said

The decision by a Canadian firm to buy Ireland’s only refinery, at Whitegate, in Cork Harbour, ensures security of supply to the market and contribute(...)

The Whitegate oil refinery in Cork. Sales at Phillips 66 Whitegate Refinery Ltd in Cork, bought recently by Canada’s Iriving Oil, fell by $1 billion to $1.7 billion in 2015 from $2.7 billion the previous year.

Interest payments to other companies within its group left the Republic’s only refinery nursing a near $5 million (€4.5 million) loss last year. Sale(...)

Berkshire revealed its higher Apple stake on the same day George Soros’ firm Soros Fund Management and Leon Cooperman’s Omega Advisors said they dissolved their own Apple stakes

Warren Buffett’s Berkshire Hathaway has increased its stake in Apple by 55 percent, boosting its bet on the iPhone maker even as prominent investors l(...)

The Whitegate Oil refinery provides about 40 per cent of Ireland’s  petroleum needs, including petrol, diesel and kerosene

Whitegate Oil refinery’s new owner has indicated it may expand the facility’s business and workforce over the longer term. Canada’s Irving Oil agreed(...)

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