Transocean

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Providence Resources chief executive Tony O’Reilly jnr: “This is a very positive result for Providence.” Photograph: Brenda Fitzsimons

Providence Resources, the oil exploration company led by Tony O’Reilly jnr, says it has successfully defended a claim over legal costs by offshore dri(...)

The offshore oil rig Deepwater Horizon on fire off Louisiana in April  2010. Photograph:  Reuters

BP has criticised the new Deepwater Horizon film as being an inaccurate Hollywood dramatisation of the deadly oil rig disaster in the Gulf of Mexico i(...)

Providence Resources posts  operating loss of €2.2 million for the first half of 2016. Photograph: iStock

Providence Resources chief executive Tony O’Reilly jnr said there’s a “good likelihood” the company will sell a stake in its Druid prospect off the we(...)

Tony O’Reilly jnr: the Providence boss has a shares option that can only be activated if the share price reaches 45 cent, four times the current market rate. Photograph: Cyril Byrne/The Irish Times

*Providence boss Tony O’Reilly jnr has been offered a generous stock option package if he can revive the oil company’s ailing fortunes. Under a new m(...)

Providence chairman James McCarthy   and chief executive Tony O’Reilly at the oil exploration group’s egm in July. Photograph: Brenda Fitzsimons

Shareholders at Providence Resources are pushing for an overhaul of the board in the wake of the company’s latest capital raise. The oil and gas expl(...)

An influential investor advisory firm has called on shareholders in Providence Resources to reject the re-election of a long-standing director at its (...)

Oil and gas explorer Providence Resources confirmed that it has paid off its debt to US lender Melody Capital with the payment of $20 million cash and 9.94 million shares.

Oil and gas explorer Providence Resources has disclosed the holders of more than half its stock. It follows a $70 million emergency fundraising that(...)

Providence’s Barryroe site. Providence said it will use some of the funds to meet   $4.77 million of payments arising from a court battle with Transocean, which provided services for  Barryroe.

Joe Brennan Providence Resources, which won shareholder approval on Thursday for a $70 million (€63 million) rescue fundraising, said a number of “su(...)

Tony O’Reilly jnr’s total compensation for the past decade includes about €800,000 of share-based pay. Photograph: Cyril Byrne / The Irish Times

Tony O’Reilly jnr’s salary at oil and gas explorer Providence Resources, which is currently raising money to shore up its finances, came to €494,000 l(...)

Operating losses rose to €13 million versus €6.5 million with a loss per share of 19.57 cents versus 17.77 cents in 2014.

Providence, the Irish oil and gas explorer headed by Tony O’Reilly, saw losses more than double last year as it reported progress in realising value f(...)

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