Housing, or rather the lack of it and the disproportionate, life-draining cost of it, was the decisive issue for voters under 35 in last month’s election, just as it was for some of their parents and grandparents.
The chief executive of Cairn Homes, the country’s largest housebuilder, said annual peak new supply will reach only 25,000 in the coming years, meaning too few homes will be built to keep the housing crisis and runaway rents under control.
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.
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.
Providence Resources has extended its acreage off the west coast, via the Government offering it and its developmental partners a frontier exploration licence for its Spanish Point South option. It requires operators commit to at least one exploration licence at a prospect.