The survey also suggested that the number of cars on the road has risen to 2.3 million. Photograph:iStock

Irish households spend an average of €112 on energy and €113 on fuel for transport every month, according to a poll for the Irish Offshore Operators’ (...)

The Corrib Gas field is due to run out in 2025. Photograph: Alan Betson

The Republic this week joined Belize, Costa Rica, France and New Zealand in banning oil exploration. Taoiseach Leo Varadkar told the United Nations th(...)

Providence Resources has stated that its Barryroe field off the Cork coast could produce close to 350 million barrels of oil. Photograph: Finbarr O’Rourke

The Government published a guide for fossil fuel exploration licence applications just weeks before Taoiseach Leo Varadkar announced a ban on this act(...)

Providence expects licences will continue for full duration. Photograph: Finbarr O’Rourke

Providence Resources, an Irish oil and gas explorer, said it believes its licences and leases for exploration will be allowed to progress for their fu(...)

The study estimates that demand for electricity in Ireland may rise by up to 57 per cent in the next decade, with gas consumption expected to jump by 35 per cent by 2030, and oil rising by 15 per cent

A significant number of new jobs could be created following an oil or gas find in the Republic, according to a new report. According to the study, wh(...)

Providence's Celtic Sea interest

As Providence Resources investors stared into the abyss in April, when shares in the oil explorer were suspended as it struggled to pay a legal bill a(...)

Investing in exploration is not for the faint-hearted. Photograph:  Finbarr O’Rourke

As get-rich-quick schemes go, searching for oil or gold could be the most foolish of them all. “Investing in exploration is not for the faint-hearte(...)

The Irish Offshore Operators’ Association welcomed the interest which they said was not a surprise despite the low price of a barrel of oil

A record number of licencing options for offshore exploration have been received by the Government despite the drop in the price of oil. Some 43 ap(...)

Fergus Cahill, who chairs the Irish Offshore Operators Association, says companies go where the likelihood of making big discoveries is high and where the financial risk is lessened by government incentives. photograph: kristian helgesen/bloomberg

They’re getting very strident on both sides of the oil/gas exploration debate as the review of licensing and fiscal terms ordered by Minister P(...)

 “Unlike Norway, we can’t afford to underwrite exploration. However, the Government is jointly funding a €15 million survey with Italian oil giant Eni of the Republic’s undersea geology.”

ExxonMobil’s announcement last week that it plans to abandon its search for oil and gas off the west coast looked like a blow to hopes for a fresh wav(...)