The decision by Shell to sell its stake in the Corrib gas field for €1bn was not unexpected, as the oil giant continues to pull back from smaller projects globally, but it will have learned from its chequered management of the project, a leading Irish oil expert has said.
Irish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana’s government over the replacement of lost acreage in the west African country before the end of this year.
OPEC has reported an increase in its oil production for September to the highest in at least eight years and has raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus next year despite the group’s deal to cut output.
Nobody knows Irish food better than Joe McNamee. From chutney to cheese, craft beer to chocolate, he’s put together The Menu’s Annual Christmas Hamper – full of the local products that really stood out this year. Plus, he’s got the top gifts for foodies.
Connemara Mining — the AIM-listed mineral exploration firm chaired by businessman John Teeling — has revealed that it recently received an expression of interest in its minority stakeholding in the highly-rated Stonepark zinc and lead discovery in Co Limerick.