Senior heads roll in Providence Resources cuts
Providence Resources' technical director John O'Sullivan - the company's de-facto second in command to CEO Tony O'Reilly Jr - has left the company as part of a major downsizing of its operations and management structure.
Following up on its June announcement that it would likely be seeking "a significant reduction" in its staff, the Irish oil and gas exploration company said it plans to cut its overall annual cost base by 65% to $1.9m (€1.7m) through a major downsizing.
