Statoil

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Aer Lingus and Ryanair had contrasting days. While Aer Lingus rose by 0.6 per cent to €1.409, Ryanair closed down 2.3 per cent at €6.60 on profit taking. Photograph: Alan Betson

European stocks posted a gain in the first full week of 2014, as data showed US and German unemployment fell and that Ireland returned to the bond mar(...)

The Kingfisher well, Block 3A, owned by Tullow Oil, sits at the Lake Albert Rift Basin, in Uganda.

Britain’s top share index rose this morning, rebounding from losses in the previous session as bid speculation boosted Tullow Oil. The blue-chip FTSE(...)

The Corrib terminal. The Corrib gas partners had hoped gas would be brought ashore in 2011 - but this was before An Bord Pleanála ruled that half of a proposed overground pipeline would be unsafe, necessitating the construction of the tunnel.

The Corrib Gas partners are now counting the cost of a contentious An Bord Pleanála ruling as the bill for the project is set to hit almost €3.4 billi(...)

 Richard Boyd Barrett:  claimed oil companies were waiting for an opportune moment to extract Irish oil and get maximum profits.

The Government is re-examining the terms of oil exploration licences, Minister of State Fergus O’Dowd has confirmed. But he insisted “there are no hid(...)

The Irish Pension Unit Trust (IPUT) is to pay about €20 million for a modern office building in Dublin’s International Financial Services Cent(...)

6 George’s Dock, IFSC: two empty floors when fully let could increase rent roll from the third generation office block to around €1.4 million

Bank of Ireland is availing of the buoyant market to offload another distressed office investment in Dublin’s International Financial Services Centre.(...)

Erna Solberg, Conservative leader and likely Norway’s next prime minister, has campaigned on a platform of tax cuts. Photograph: Reuters/Fredrik Varfjell/NTB Scanpix

Norway’s probable next government is looking to part-privatise a slew of state-owned companies as eight years of centre-left rule seems set to come to(...)

Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV yesterday, in a €2 billion deal, giving the former cash to develop new projects (...)

Austrian energy group OMV CEO Gerhard Roiss addressing a news conference in Vienna this morning. Norway’s Statoil sold stakes in North Sea oil fields to OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets. Photgraph: REUTERS/Heinz-Peter Bader

OMV, the biggest central European energy company, paid $2.65 billion (€2bn) to Statoil in its largest deal on record for stakes in four North Sea o(...)

 “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(...)

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