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
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
Norwegian Air flights from Cork and Shannon to the US east coast are now unlikely to return for the entire summer schedule, an MEP has claimed, as the firm admitted it is unlikely to return to profitability this year.
Thu, 25 Apr, 2019
The Government, more than external issues like Brexit and oil price movement, will ultimately be to blame if Ireland’s much-touted offshore oil and gas exploration sector fails to bear real fruit, writes
Mon, 01 Jan, 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
As far as energy is concerned, potential Brexit tariffs and the sterling exchange rate are red herrings. Tariffs — as opposed to transport costs — are no big deal in the oil, gas or electricity exploration and production industries.
Mon, 07 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
The head of the airline which has launched a raft of low-fares transatlantic flights from Ireland — including Cork Airport’s first scheduled direct service to the US — has given a “personal guarantee” that they are “here to stay”.
Mon, 03 Jul, 2017
Business tourism is a burgeoning industry, worth €11.5m to the Cork economy in 2016.hears from the Cork Convention Bureau that it can be worth infinitely more in the future
Mon, 19 Jun, 2017