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
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
BP bears the majority of responsibility among the companies involved in America’s worst offshore oil spill, a federal judge has ruled, citing the energy giant’s reckless conduct in a ruling that exposes the oil giant to billions of dollars in penalties.
Fri, 05 Sep, 2014
A US federal judge has ruled that the rig owner involved in drilling the ill-fated well that blew out in the Gulf of Mexico was shielded by its contract with BP from having to pay many pollution claims in the nation’s largest offshore oil spill.
Fri, 27 Jan, 2012
A KEY US federal report has laid much of the blame on BP for the worst offshore oil spill in US history and the deaths of 11 rig workers — particularly with regard to the cement seal that was put in place the day before the explosion that triggered the spill.
Thu, 15 Sep, 2011
DISASTERS like the explosion of the Deepwater Horizon rig could happen again without significant reform, according to the conclusions of a presidential panel that has the companies involved in the nation’s largest offshore oil spill pointing fingers at each other again.
Fri, 07 Jan, 2011
Mon, 27 Dec, 2010