8 results

Sunny Hill said that Sonatrach, Algeria’s national energy company, has “terminated the contractual interest” held by the firm, through its subsidiary Petroceltic Ain Tsila. Photograph: iStock

Sunny Hill Energy, formerly known as Petroceltic International, said on Thursday that Algeria has seized its 38.25 per cent stake in a natural gas pro(...)

Petroceltic chief executive Brian O’Cathain said the explorer was collaborating with partners on the Ain Tsila gas field to reduce overall development risk. Photo: Dara Mac Donaill/The Irish Times

Troubled oil and gas explorer Petroceltic, which owes more than $200 million (€179 million), has been given a two-week reprieve from its lenders. In (...)

Petroceltic chairman Robert Adair said the exploration firm  generated $157 million of revenue from oil and gas sales last year. Photo: Dara Mac Dónaill/The Irish Times

Losses at Petroceltic widened to $282 million last year as the company wrote off the exploration costs of unsuccessful wells in Kurdistan, Romania and(...)

Petroceltic said the project remains on track to deliver first sales gas in the first quarter of 2018

Dublin-based exploration firm Petroceltic and its partners has awarded the drilling contract for the Ain Tsila gas field in Algeria to the Chinese com(...)

US telco giant AT&T is considering a bid for Eircom. REUTERS/Mike Blake

AT&T eyes Eircom The Sunday Business Post reports US telco giant AT&T may be considering Eircom as a potential low-tax route into Europe. The (...)

Brian O’Cathain, chief executive of Petroceltic, said that the formal ratification of the agreement “is a critical step in the overall funding plan for this development project”. Photograph: Matt Kavanagh/The Irish Times

Petroceltic International, the independent oil and gas exploration and production company focused on the Middle East, North Africa, Mediterranean and (...)

Petroceltic chief executive Brian O’Cathain

Dublin-based oil and gas explorer Petroceltic has raised $100 million (€72.9 million) from a share placing with a number of institutional investors. I(...)

Dublin-based oil and gas exploration firm Petroceltic has confirmed the sale of part of its stake in the Ain Tsila gas development to Algerian (...)