Exxon Mobil

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Smurfit Kappa, the paper and packaging giant, ended the day down about 3 per cent, after a high volume sell-off in the final two hours of trading. At one stage in the final hour, it was down 5.1 per cent

The Iseq eased back by about 0.6 per cent yesterday, as indices across the world edged lower on uncertainty over when and how the US Federal Reserve w(...)

Money is differentiated from other commodities in one important way: the government can print it, whereas it cannot produce food or fuel or generate electricity.

The need for liquidity is a mantra among those who organise and regulate the financial system. To say that a proposal will damage liquidity more or le(...)

 “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(...)

European Central Bank president Mario Draghi  said indications are that the euro area economy is stabilising and the central bank’s rates will remain low for an extended period. Photograph: Krisztian Bocsi/Bloomberg

Markets continued to perform well yesterday following comments from European Central Bank president Mario Draghi that interest rates are likely to rem(...)

Minister for Communications, Energy and Natural Resources Pat Rabbitte recently told the Dáil eight-10 of the 13 exploration licence options issued by his department in 2011 are being converted to full licences. Photograph: Cyril Byrne

Oil and gas exploration off Ireland’s west coast is likely to step up over the next year despite ExxonMobil’s exit last week.The oil major abandoned a(...)

Jay Bourke: negotiating on behalf of Nede to take over the Charlie’s II takeaway.

The overhaul of the officer class at Communicorp, Denis O’Brien’s radio group, continues apace. Stephen Kane, who once soldiered for O’Brien on the Ce(...)

Now that the recession has slayed the Rip Off Republic (hasn’t it?), Eddie Hobbs is turning his attention towards the eye-wateringly generous terms on(...)

World stocks rose to near five-year highs yesterday, boosted by news that China was moving to support its cooling economy, while the dollar fell to on(...)

An Exxon spokesman  confirmed “there are no plans at present for further drilling in Irish waters”. Photograph: Reuters

ExxonMobil has no plans for further drilling in Irish waters after abandoning a well off the southwest coast where it failed to find commercial quanti(...)

Providence Resources chief executive Tony O Reilly with chairman  Brian Hillery and John O’Sullivan, technical director (left). Photo: Dara Mac Dónaill/The Irish Times

Irish oil and gas explorer Providence Resources fell the most in over a year in Dublin trading as it sketched out plans to abandon an exploration well(...)

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