A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC
A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC
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 exploration company Providence Resources plummeted 12% on it losing another high profile development partner for one of its offshore Irish drilling prospects.
Fri, 29 Nov, 2019
Providence Resources will, effectively, begin the search for a new development partner for its Barryroe oil and gas field as early as this week, if long-awaited funding from its existing partners fails to materialise.
Mon, 30 Sep, 2019
Providence Resources has raised the prospect of looking for new development partners at its flagship Barryroe oil and gas field following another missed funding payment deadline by its current partner.
Tue, 03 Sep, 2019
Providence Resources is getting closer to requiring alternative funding sources for the continued development of its flagship Barryroe oil and gas field off the Cork coast.
Tue, 27 Aug, 2019
The commencement of the long-awaited drilling campaign at the Barryroe oil and gas field off the Cork coast is expected to be pushed into next year.
Tue, 20 Aug, 2019
Providence Resources has said it has received "further assurances" that a $9m (€8m) development loan to fund work at its flagship Barryroe field, off the Cork coast, is "in the process of being paid".
Tue, 13 Aug, 2019
Irish exploration company Providence Resources is set to commence a long-awaited site survey of its flagship Barryroe field later this month after finally receiving formal approval from the Government.
Fri, 09 Aug, 2019
Approval and funding delays could push a long-awaited multi-well drilling campaign at the Barryroe oil and gas field, off the Cork coast, into 2020, a UK broker has said.
Tue, 06 Aug, 2019
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.
Mon, 05 Aug, 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
Shares in Irish oil and gas exploration company Providence Resources fell 16% on news of a further delay to a $9m (€8m) funding advance for its flagship Barryroe field off the Cork coast.
Mon, 17 Jun, 2019
Providence Resources shares plummeted by more than 20% on the back of a further delay to planned drilling at the company's flagship Barryroe oil and gas field off the Cork coast.
Wed, 05 Jun, 2019
Providence Resources’ much-anticipated, multi-well drilling programme at its Barryroe field off the Cork coast has been delayed.
Sat, 01 Dec, 2018
If you had your wits about you last Sunday in Thurles, you might have seen a club outing at the Cork-Waterford match, but they came a lot further than from Mallow or Dungarvan.
Fri, 22 Jun, 2018
Providence Resources could drill off the west coast — as well as in the Celtic Sea — next year as it continues to ramp up exploration activity.
Wed, 04 Apr, 2018
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
Irish onshore exploration company Falcon Oil and Gas has reported itself debt free and in “a strong financial position” ahead of a ruling on whether or not a ban on the practice of fracking in the area of Australia where one of its major assets lies will be lifted.
Sat, 26 Aug, 2017
Shares in plunged by as much as 40% yesterday, wiping around €41m from its market value, after the Irish explorer reported disappointing initial results from its highly-anticipated return to drilling off the west coast of the country.
Sat, 05 Aug, 2017
An assessment of one of the Irish exploration prospects in which French oil ‘super-major’ Total has invested has returned an initial resource estimate of around 12bn barrels of oil equivalent.
Tue, 18 Jul, 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
Tony O’Reilly Jr’s Providence Resources has named Tullow Oil’s exploration director Angus McCoss to its board in a non-executive capacity.
Tue, 16 May, 2017
Shares in Providence Resources jumped more than 7% yesterday on the back of the Dublin-based explorer reporting a near €4m narrowing of annual losses.
Thu, 13 Apr, 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
Irish explorer Providence Resources looks to be close to a deal with a rig contractor as it continues to ready itself for a return to drilling in Irish waters next year.
Wed, 02 Nov, 2016
Irish exploration firm Providence Resources looks set to save around $2.5m (€2.3m) in additional legal costs, arising from its recently concluded legal battle with drilling services firm Transocean.
Sat, 22 Oct, 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
Providence Resources — the Tony O’Reilly Jr-led exploration company — has named former Tullow Oil senior executive Pat Plunkett as its chairman.
Wed, 28 Sep, 2016
Providence Resources is eyeing a start date of next June for drilling at its Druid oil prospect in the Porcupine Basin off the south-west coast.
Fri, 16 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
Providence Resources chief Tony O’Reilly Jr has said he remains “hopeful” the company can land a long-awaited development partner for its flagship Barryroe field, in the Celtic Sea, in the next six months.
Thu, 30 Jun, 2016
Providence Resources — the Tony O’Reilly Jr-led exploration firm — has announced plans to raise nearly $74m (€66m) in fresh funds via what is, essentially, a company saving share sale.
Wed, 22 Jun, 2016
Troubled Irish exploration firm Lansdowne Oil and Gas has been dealt a fresh blow with the announcement two of its exploration licences in the Celtic Sea have expired following failure to find farm-out partners to further develop the assets.
Wed, 27 Apr, 2016
A costly court ruling yesterday put the spotlight on the terms of the debt deal that Providence Resources struck with Melody Finance late last year, as the Barryroe oil and gas explorer led by Tony O’Reilly Jnr unexpectedly lost a multi-million euro legal dispute with an international drilling company over delays in the Celtic Sea.
Thu, 14 Apr, 2016
Fri, 19 Feb, 2016
Low prices pose major challenge for sector, writes.
Sat, 02 Jan, 2016
Wed, 28 Oct, 2015
Providence Resources may opt to push out the intended farm-out of its stake in the much-anticipated Spanish Point prospect, off the south-west coast, to next year in a bid to take advantage of the recent upsurge in interest in exploration opportunities in Irish waters.
Thu, 01 Oct, 2015
Providence Resources’ chief executive, Tony O’Reilly Jnr yesterday stressed that the company is progressing towards a long-awaited farm-out agreement on its much-heralded Barryroe field off the Cork coast, with signs of “new momentum” evident.
Wed, 30 Sep, 2015