An appraisal well at Barryroe, off the coast of Cork

Operating losses at exploration firm Providence Resources widened in 2017 as the company incurred a €14.6 million writedown in its exploration activit(...)

 Photograph: Eric Luke / The Irish Times

Irish-based oil and gas exploration firm Providence Resources said its joint partners are seeking to convert the Avalon exploration prospect off the w(...)

Providence chief executive Tony O’Reilly. The company said it had granted a “period of exclusivity” with an unidentified party to take a stake in the Barryroe oil prospect. Photograph: Brenda Fitzsimons

Shares in Providence Resources soared on Thursday after the oil and gas explorer said it had entered exclusive talks to sell a stake in its Barryroe o(...)

Providence Resources said it had received the “second and final payment” in relation to a deal struck in June that saw it cede some of rights to explore the Druid Drombeg well.

Oil and gas exploration company Providence Resources has received $5.4 million (€4.6 million) from a deal struck in June that saw it cede some of the (...)

A Providence Resources drilling rig at the Helvic Oil Field in the Celtic Sea.

Oil and gas exploration company Providence Resources has completed drilling at its failed Druid Drombeg prospect off the south-west coast of Ireland. (...)

A rig at Barryroe, which is an oil and gas field in the Celtic Sea south of Cork

Oil and gas explorer Providence Resources remains “very optimistic” about its prospects and those of the sector despite recent setbacks, the company h(...)

 Providence Resources  struck water yet again last week at Drombeg in the Porcupine Basin, but that hasn’t dampened Europa’s enthusiasm. Photograph: Finbarr O’Rourke

Irrepressible enthusiasm is clearly de rigueur in an exploration sector that has yet to deliver a single barrel of oil from off the Irish coast. As is(...)

Pageant Holdings is now Providence Resources’ second-largest shareholder, after London-based M&G Investment Management

Businessman Nick Furlong’s investment company Pageant Holdings, which took part in a rescue fundraising at Providence Resources last year, has moved t(...)

 Chief executive of Providence Tony O’Reilly: he   said the results were “disappointing”. Photograph: Brenda Fitzsimons

Shares in Irish oil and gas exploration company Providence Resources slumped by more than a third as it delivered “disappointing” news on Monday that (...)

Providence appraisal well at Barryroe: after years of stop-and-start talks on finding a buyer for a stake in the project, now is time for Providence’s chief executive to deliver. Photograph: Finbarr O’Rourke

The stock exchange announcements had been coming thick and fast of late from Providence Resources as it breathlessly updated the market on its great h(...)

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