As far as energy is concerned, potential Brexit tariffs and the sterling exchange rate are red herrings. Tariffs — as opposed to transport costs — are no big deal in the oil, gas or electricity exploration and production industries.

The decision by Shell to sell its stake in the Corrib gas field for €1bn was not unexpected, as the oil giant continues to pull back from smaller projects globally, but it will have learned from its chequered management of the project, a leading Irish oil expert has said.

Irish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana’s government over the replacement of lost acreage in the west African country before the end of this year.

US president Donald Trump’s missiles pushed the oil price up by $4 but deeper oil market change is under way. Syria has no significant oil trade but rockets alert speculators to instability nearby.

Darragh Kiely is the standout player of the past week, having won three critical scores in quick succession, culminating in the All-Ireland U18 final.

Gavin Twohig bowled well at the Marsh Road to secure his place in the 2016 Munster intermediate final at the expense of Donal Riordan.

British exploration firm Europa Oil and Gas is hopeful of landing a development partner for licences it holds off the Irish coast before the end of the year.

Yesterday’s Doha summit of the major oil producing nations is the latest attempt to bring order to a chaotic oil market.

Customers are likely to see even lower prices at fuel pumps in the coming weeks, according to the Irish Petrol Retailers Association.

Petrel Resources is actively eyeing up more prospects in Ireland and elsewhere and is planning drilling activity on existing Irish acreage in the next three to four years.

The oil market is working: High-cost production is being retired and new projects are delayed or cancelled while demand is again surging.

Inniscarra 4-7 Macroom 2-10

Two Irish exploration firms — Clontarf Energy and Petrel Resources — have reached agreement with the authorities in Ghana over a long-running dispute concerning lost licence acreage in the west African country.

Up to €1.5bn could be invested in the Irish oil and gas sector over the next three years, according to a major survey of industry participants by PwC.

Gardaí arrested a man and charged him with 14 counts of causing criminal damage to parked cars and business premises in the Union Quay area of Cork in the early hours of yesterday.

Valley Rovers 0-13 Macroom 0-13

Petrel Resources is planning an aggressive programme of works after signing a farm-out agreement with Australian gas giant Woodside.

Macroom 3-13 Glenville 1-03

Irish mineral exploration company, Ormonde Mining has raised £1.4m (€1.7m) in fresh funding via a new share placing.

The mood music around Irish offshore exploration is as positive as it has been since the early 1980s writes Kyran Fitzgerald, but John Teeling, of Petrel Resources, says it is ‘too early to be counting eggs’

Two companies have identified oil targets off the west coast, with the combined potential to produce nearly two billion barrels of oil.

Dublin-headquartered oil and gas exploration company Clontarf Energy is in “advanced discussions” with six companies interested in buying into its Peru operations.

Irish exploration company Petroneft Resources has entered talks with interested parties regarding the farm-out of an equity stake in one of its producing licences in the Russian region of Tomsk.

Macroom 2-15 Mayfield 1-4

Irish exploration company Petroceltic is set to lodge the declaration of com-merciality for its headline asset, the Ain Tsila/Isarene gas field in Algeria, to that country’s government early next month.

Another oil firm has released encouraging news about oil prospects off the coast of Ireland.

Two oil firms have released encouraging news about oil prospects off the coast of Ireland.

Although the commercial viability of the Barryroe oil field has been established, the next stage is by no means risk-free.

GREATER scoring power helped Macroom’s De La Salle past St Fachtna’s De La Salle of Skibbereen and into the semi-final of the Corn Uí Mhuirí at Ballineen yesterday.

DE LA SALLE (Macroom) progressed to the knock-out stages of the Corn Uí Mhuirí after victory over champions Coláiste Chríost Rí in an excellent Group D clash in Cloughduv yesterday.

IRELAND has upped its efforts to discover offshore oil by yesterday awarding 13 new licensing options.

HIGH School Clonmel, backboned by five members of Tipperary’s All-Ireland minor football winning squad, got their Corn Uí Mhuirí Group C campaign off to a successful start when they defeated Tralee CBS by 2-8 to 0-11 in Newcastle West yesterday afternoon.

OIL company Petrel has renewed its interest in offshore drilling on foot of revised Government incentives for commercial exploration.

Dublin: Irish AIM-listed oil and gas explorer Petrel Resources is seeking new licences in Iraq — its main market of focus.

London: Irish exploration company Persian Gold is to acquire Hydrocarbon Exploration (HyEx), it announced at its AGM.

IRISH oil and gas exploration company Petrel Resources’ shares rose 24% yesterday after it emerged it is to receive $7 million (€5.3m) from the Iraqi Oil Ministry in outstanding due payments on a five-year-old service contract.

CANADIAN mining company, Petrominerales has made a £19 million (€21m) offer for the South American assets of Irish oil and gas exploration company, Pan Andean.

PETREL Resources, listed on the Irish secondary market, has raised £1,840,500 (€2.06m) involving subscriptions from three long-standing institutional shareholders.

PETREL Resources has said its $200 million (€157.53m) contract to rebuild an oil field in southern Iraq is on track and the exploration company is also in the running to develop additional fields.