Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75bn (€67bn) to shareholders this year.

Applegreen is dropping its fuel prices by up to 10 cent per litre.

Tullow Oil shares tanked by over 30% as the Irish-founded exploration company admitted that oil price volatility could put its future in doubt.

The new boss at Providence Resources, Alan Linn, said he’s confident in the potential of the Barryroe well off the Cork coast, as he seeks to secure an “attractive partner,” despite the huge setbacks faced by the oil company last year.

Tullow Oil shares fell further after it hit a dud oil find, this time in Peru, extending a losing streak that has seen its shares collapse by more than 80% in the last three months.

Departing directors at the oil firm, Tedcastle Group, shared termination payments of €1.2m last year.

Naturgy Ireland's latest report shows gas prices plummeted by 52% year on year, when compared to the same time in 2019.

BP’s head of downstream — or oil refining and processing — operations Tufan Erginbilgic will step down next month after six years in the job, the company said, becoming the latest top executive to leave as Bernard Looney takes over as CEO.

European shares inched higher, recovering from their worst week in nearly seven months, but jitters remained over the economic fallout from a virus outbreak in China.

British exploration company Europa Oil and Gas is in talks with a number of potential development partners for its offshore Ireland assets despite an unnamed oil major, which was in pole position, walking away from the process.

The price of oil fell sharply but global stock markets were mixed as investors scrambled to assess the potential fallout to world trade and tourism should the cases of coronavirus increase over the weekend.

Shares in Tullow Oil slipped on reports the Irish-founded exploration company could exit its interest in Kenya.

The Norwegian government has awarded 28 oil and gas companies a total of 69 offshore blocks to explore for petroleum in mature areas of its continental shelf, the Norwegian Petroleum Directorate said.

Geoff Percival PetroNeft Resources, the Irish oil and gas exploration company, is looking to significantly boost the value of its chief assets this year, ahead of a probable sale of the company at some point.

Felix The chief executive of French oil major Total, Patrick Pouyanne, has dismissed the idea it might buy Irish-founded Tullow Oil, which is its partner in East Africa and Guyana.

Crude oil jumped for a second day, the price of gold rose to almost a seven-year high, and European stock markets fell amid the flare-up in tensions between the US and Iran.

Tullow Oil shares suffered a fresh crash — falling by as much as 20% — after it said its latest oil find is smaller than expected.

Tullow Oil shares plummeted by more than 27% to a 21-year low after the Irish-founded exploration company said production from flagship projects in Ghana has disappointed and that it will reassess the commercial viability of recent discoveries made in South America.

Iran has discovered a new oil field in the country’s south with an estimated 50 billion barrels of crude oil, its president said.

The Government has said licence applications that have already been approved will be allowed to proceed and will not be included in its planned phased ban on oil exploration in Irish waters.

BP’s profits fell sharply in the third quarter, hurt by lower oil prices, but strong refining operations helped the firm beat expectations even after taking a one-off $2.6bn (€2.3bn) charge linked to asset sales.

The majority of Irish-focused oil and gas companies are still planning to invest in their operations here despite the Government’s intention to phase out oil exploration, more details of which are expected to be released in the near future.