Long-awaited drilling at the Barryroe oil and gas field, off the Cork coast, is unlikely to start until "well into 2020" - more than a year later than initially planned - Providence Resources chief executive Tony O'Reilly Jr has said.
The Government has been urged, by a gas exploration company active in Irish waters, to clarify its long-term position on offshore drilling or risk losing inward investment.
The Obama administration has blocked new oil and gas drilling in the Arctic Ocean.
Management at Lansdowne Oil and Gas has maintained the company still has a future, despite highly anticipated drilling at one of its assets in the Celtic Sea failing to find any commercial potential.
Wednesday, September 23, 2020 - 6:00 PM
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