Wed, 03 Jun, 2020
Mon, 06 Apr, 2020
Mon, 09 Mar, 2020
The new boss at Providence Resources, Alan Linn, said he’s confident in the potential of the Barryroe well off the Cork coast, as he seeks to secure an “attractive partner,” despite the huge setbacks faced by the oil company last year.
Thu, 05 Mar, 2020
Shares in Irish exploration company Providence Resources jumped by as much as 12% after it announced that Tony O’Reilly - its chief executive since 2005 - has left the company; stepping down as CEO and resigning from the board with immediate effect.
Sat, 07 Dec, 2019
Shares in Providence Resources have risen on the back of the oil and gas exploration company indicating that funds necessary to progress the development of its flagship Barryroe field, off the Cork coast, will be forthcoming.
Mon, 15 Jul, 2019
Irish exploration company Providence Resources has said it will seek financial compensation from the Government should the Dáil pass into law proposed legislation targeting a ban on oil and gas drilling in Irish waters.
Fri, 28 Jun, 2019
Providence Resources has hit a second major setback in the Porcupine Basin after summer drilling at the Drombeg well 220km off shore failed to hit oil and has been abandoned. The shares, which had one stage plunged by a third, ended the session 16.5% lower.
Tue, 12 Sep, 2017
One of the world’s largest oil companies, France’s Total has signed two commercial development deals with Irish exploration company Providence Resources – a move which sent the latter’s shares soaring as much as 11% yesterday.
Thu, 08 Jun, 2017
Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.
Thu, 25 May, 2017
Providence Resources and Europa Oil and Gas – two of the most active exploration companies in Irish waters – are confident of further deal activity after both landing development partners for assets they hold off the west coast of the country.
Thu, 09 Mar, 2017
Fri, 30 Dec, 2016
Imagine a fishing trawler with nets bigger than Croke Park. Imagine that it can catch more in a day than many Irish trawlers can net in a month. Imagine the devastation that such a capacity may have, not alone for fish stocks, but for coastal communities and their livelihoods.
Tue, 06 Dec, 2016
Exploration company Providence Resources said it has entered the second half of the year with “renewed optimism” after seeing a near halving of its first-half losses and carrying out a company-saving funding round.
Fri, 30 Sep, 2016
Irish explorer Providence Resources has confirmed the formal elimination of a near $25m (€23m) debt mountain, potentially putting it in a stronger position to land development partners for three of its biggest assets.
Thu, 21 Jul, 2016
A number of so-called ‘super-majors’ — a term typically used to describe the biggest eight, or so, oil companies in the world — have shown interest in offshore assets held by freshly financed Irish explorer Providence Resources, its chief executive said yesterday.
Fri, 15 Jul, 2016