IN its annual report for 2008, ExxonMobil notes that the award of two exploration licences was a key event for its exploration portfolio.

MINISTER for Communications, Energy and Natural Resources Eamon Ryan yesterday announced the awarding of the four oil and gas exploration licences in the Porcupine Basin area off the west coast of Ireland, initially put out to tender last year.

At Providence’s AGM in Dublin today, shareholders were told the oil and gas exploration company will start appraisal drilling on its Hook Head Project in the Celtic Sea later this summer.

PROVIDENCE Resources has involved Challenger Minerals in a farm-out deal on its west of Ireland Spanish Point project.

Providence, the oil and gas exploration and production company, has agreed its first farm-out deal with Challenger Minerals (Celtic Sea) Ltd, a subsidiary of GlobalSantaFe Corporation on its Spanish Point Project in the Porcupine Basin, off the west coast.

PROVIDENCE Resources, the Dublin-headquartered oil and gas exploration and production company, has been awarded 15 new blocks under a Licensing Option in the Goban Spur area, off the west coast by Communications, Marine and Natural Resources Minister Noel Dempsey.

PROVIDENCE RESOURCES acquisition of over 1,500km of 2-D long offset seismic data over the Dunquin Prospect deepwater site off the west coast of Ireland has now been successfully completed.

Gas exploration and production company Providence has signed a farm-out agreement with ExxonMobil, the world’s largest oil and gas company, on its Dunquin Prospect in the Porcupine Basin off the west coast of Ireland.

Providence Resources today announced it has received the go-ahead for two new Frontier Exploration Licences in the Porcupine Basin off the west coast of Ireland.