Hess Oil

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New York Stock Exchange. US stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia’s crude facilities hit 5 per cent of the world’s supply. Photograph:  Johannes  Eisele/AFP/Getty Images

Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia sparked worries over the impact of an oil shock on economic growth, halt(...)

Oil pump in North Dakota

Global oil prices have dropped almost 50 per cent below their 2014 high. But here in North Dakota, oil is still the only game in town. Named after He(...)

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(...)

Philomena Lee: “I do pray within my heart that something good will come out of this. It was so awful.”  Photograph: Brenda Fitzsimons / The Irish Times

Mother and baby home survivor Philomena Lee has called on Pope Francis to match his words with deeds to help those who have been harmed by the Catholi(...)

A well production test at the Corrib field, 80km off Co Mayo.  “Gas production from Corrib has already started to decline, and by 2025 will supply less than 20%  of Ireland’s demand.”

Ireland needs to build a terminal for importing liquid natural gas (LNG) among other measures to guarantee future energy security, a new report warns.(...)

Petroceltic chief executive Brian O’Cathain Photograph: Dara Mac Dónaill/The Irish Times

A group of senior staff at Petroceltic International are expected to voice concerns about the alleged writing down of their employment rights in oppos(...)

Brian O’Cathain, chief executive at the Petroceltic EGM in 2015. Photograph: Dara Mac Dónaill

A group of senior staff at Petroceltic International, the exploration company that is on the verge of being bought out of examinership by its biggest(...)

Brian O’Cathain of Petroceltic International  at its EGM last September. Photograph: Dara Mac Dónaill

Worldview Capital, the Swiss- Cayman Islands hedge fund that is buying Petroceltic International out of examinership, is gaining full control of the (...)

The Iseq’s bigger companies had mixed fortunes with Ryanair shares down 0.5 per cent.  Photograph: Nick Ansell/PA Wire

Most European and US markets were ahead yesterday, with the S&P 500 Index at a four-month high, as investors shook off oil’s losses on failed out(...)

Philip O’Quigley, chief executive, Falcon Oil & Gas: “Shareholders don’t want to wait 20 years for a payback. We’re setting ourselves up to sell. Ultimately, that’s what we want to do.” Photograph: Dara Mac Dónaill

Philip O’Quigley, the chief executive of Falcon Oil & Gas, leans back in his chair on the balcony outside his Dublin office, balancing it momen(...)

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