Exola

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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(...)

The Barryroe project has been valued at an estimated €1.1 billion. Photograph: Finbarr O’Rourke

An Taisce has settled a High Court case with the Government over a survey licence granted to Tony O’Reilly jnr’s Providence Resources for exploration (...)

Barryroe was found in 2012 to have more than 300 million barrels of recoverable oil. Photograph:  Finbarr O’Rourke

Oil and gas explorer Providence Resources expects the long-awaited drilling programme at its Barryroe oil project off the Cork coast to commence in th(...)

Tony O’Reilly, chief executive of  Providence Resources. Photograph: Dara Mac Dónaill

An Taisce could continue its High Court challenge to a Government decision to grant Providence Resources a permit to survey the area around its Barryr(...)

Tony O’Reilly junior of Providence Resource: the group,  and its partner Chinese group Apec, are preparing to drill in the Barryroe prospect south of Kinsale Head in Cork. Photograph: Dara Mac Dónaill / The Irish Times

Environmentalists will next month challenge a permit granted to Providence Resources in a move that could hit the group’s plans to exploit an oil disc(...)

Providence Resources’ loss before tax fell from €3.44m  to €2.37m  in the six months to the end of June 2018 compared to the same period last year.  Photograph: Finbarr O’Rourke

Oil and gas exploration company Providence Resources reduced its losses in the first half of the year when it completed an amended agreement to sell a(...)

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(...)

The option does not cover the northern portion, which contains the producing Kinsale gas field

Irish oil and gas exploration company Providence Resources has said its subsidiary Exola has entered into an exclusive agreement to acquire a 60 per c(...)