Oil firm chief to stand down

The Limerick-based exploration firm Circle Oil has commenced the search for a new chief executive after announcing that the incumbent, Professor Chris Green, intends to step down and resign from the company’s board. 

He has been with the company for nearly nine years.

Circle Oil — whose main operational focus is on northern Africa and the Middle East — said that it is commencing a process to find a new chief executive, adding that additional appointments will also be made to its board of directors, in order to further broaden its experience and expertise.