OIL deposits just 10 kilometres off the coast of Dublin have the potential to provide our entire oil needs for up to 12 years, according to a survey by Irish exploration company Providence Resources.

THE Marathon Oil Corporation has sold off the bulk of its Irish operations — which include gas fields off the Cork coast that supply 8% of Ireland’s natural gas needs — to the Malaysian government for $180 million (€130.26m).

DUBLIN-BASED oil and gas exploration company, Providence Resources, has purchased a majority share in the potentially lucrative Singleton Oil Field in the south of England for $22 million (€16.4m).