Petroneft chief executive David Sturt (centre) said the company implemented a cost effective operations programme.

Irish oil and gas explorer Petroneft Resources has taken further steps to ensure the viability of its business following the significant impact the co(...)

David Golder, chairman of PetroNeft Resources. Photograph: Cyril Byrne

Irish oil and gas explorer PetroNeft Resources has re-entered a well in Russia and discovered it to be rich in gas. The company, which operates in t(...)

Chilean ambassador to Ireland Leonel Searle with Joe Purcell from Mincon and John Power, the director general of  Engineers Ireland. Photograph: Maxwells Dublin

Revenue at quoted rish engineering group Mincon increased 34 per cent during the first quarter of 2017 compared with the same period last year. The C(...)

The firm said the vast majority of operating costs and capital expenditure for its Siberian projects are denominated in roubles, which it said acts as a natural hedge to falling oil prices

CHARLIE TAYLORPetroNeft Resources has said that its Arbuzovskoye 106 well in the Tomsk region in west Siberia is now in production with a flow of 170 (...)