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.

Ireland’s exploration sector is set to receive a timely boost, with drilling primed to begin at one of Lansdowne Oil & Gas’ Celtic Sea assets in August.

Dublin-based exploration firm Fastnet Oil and Gas is open to partaking in merger and acquisition activity, as part of the wave of consolidation expected to materialise in the international oil and gas sector in the next few years.

Irish exploration firm Lansdowne Oil & Gas saw its share price jump by nearly 15% yesterday on the back of it attracting a development partner for its Celtic Sea assets.

Nine parties have expressed serious interest about investing in the Celtic Sea and onshore Moroccan assets of Irish exploration firm Fastnet Oil & Gas.

The spate of winter storms that swept across the country over the last three months has set new records for rain, wind and waves.

Cork supplies 25% of Ireland’s energy needs but uses 13%, writes Kieran Lettice

ENERGY giant PSE Kinsale Energy has launched a major feasibility study into the development of a €500 million natural gas storage complex of strategic national importance.