Job Langbroek

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The Barryroe site off the southwest coast of Ireland. Photograph: Finbarr O’Rourke

An investor in oil and gas explorer Providence Resources has delayed the advance of a $9 million loan to cover exploration costs relating to a site ro(...)

Aidan Heavey: a true trail blazer in Irish exploration  Photograph: Nick Bradshaw

Tullow Oil founder Aidan Heavey is stepping down as chairman of the exploration group he founded 32 years ago. Mr Heavey became chairman last year af(...)

Tullow Oil chief executive Paul McDade: “It’s a very strong outcome, it puts us in a great position to move forward with the growth of the company.”

Irish explorer Tullow Oil reported a surprise €18 million operating profit on Wednesday after three years in the red and said it expected the first oi(...)

A construction update on Ormonde mining project in Slamanca, Spain, said that a significant amount of construction work has begun. Photograph: iStock

Work on the flagship project of Irish-listed mineral resource company Ormonde Mining has ramped up with 100 people now working on the site. A constr(...)

The Revenue this week set out various options that Minister for Finance Paschal Donohoe might pursue in his first budget on October 10th. Photograph: Brenda Fitzsimons

Pre-budget speculation ramped up this week with the publication of papers from the Tax Strategy Group. The group of senior civil servants set out vari(...)

A gas exploration rig. Shares in Dublin-based exploration Falcon Oil & Gas jumped by as much as 21 per cent on Wednesday

Shares in Dublin-based exploration Falcon Oil & Gas jumped by more than 60 per cent on Wednesday after it said that drilling results from the Beet(...)

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(...)

A Saudi employee fills the tank of his car with petrol at a station  in the Red Sea city of Jeddah. Saudi Arabia has a $87 billion budget deficit brought on by  low oil prices. Photograph: Getty Images

Saudi Arabia is planning to list its first ever bonds in Ireland, as the kingdom seeks to raise cash to help plug a $87 billion (€79 billion) budget (...)

Providence Resources estimates the Druid field could ultimately deliver 3.9 billion barrels of oil.

The cost of drilling an exploration well at Providence Resources’ Druid field in the Atlantic ocean will be 30 per cent lower than previously planned (...)

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(...)

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