Irish exploration company Petroceltic is set to take control of British oil exploration and production company Melrose Resources in a £165m (€210m) deal which will basically double the size of the Dublin-based firm.

MICHAEL O’CONNELL’S labelling of Corrib protesters as villains who are hurting economic progress, defies any logical analysis of the facts.

IRISH oil and gas exploration company Petroceltic is hopeful of finalising a farm-out partner for its chief asset in Algeria later this year, following a successful start to its evaluation programme on four wells in the country.

PROVIDENCE Resources has said that its Singleton oil field — which is located on the south coast of England — has the ability to exceed its production target for next year, of 1,000 barrels of oil equivalent per day (boepd).