Approval and funding delays could push a long-awaited multi-well drilling campaign at the Barryroe oil and gas field, off the Cork coast, into 2020, a UK broker has said.

Providence Resources' technical director John O'Sullivan - the company's de-facto second in command to CEO Tony O'Reilly Jr - has left the company as part of a major downsizing of its operations and management structure.

Shares in Providence Resources have risen on the back of the oil and gas exploration company indicating that funds necessary to progress the development of its flagship Barryroe field, off the Cork coast, will be forthcoming.

Irish exploration company Providence Resources has said it will seek financial compensation from the Government should the Dáil pass into law proposed legislation targeting a ban on oil and gas drilling in Irish waters.

Irish exploration company Petrel Resources has expressed confidence in attracting a major oil and gas company to buy into part of its licence portfolio off the west coast.

Shares in Irish oil and gas exploration company Providence Resources fell 16% on news of a further delay to a $9m (€8m) funding advance for its flagship Barryroe field off the Cork coast.

Providence Resources shares plummeted by more than 20% on the back of a further delay to planned drilling at the company's flagship Barryroe oil and gas field off the Cork coast.

Providence Resources’ much-anticipated, multi-well drilling programme at its Barryroe field off the Cork coast has been delayed.

More than a third of oil and gas exploration companies active in Irish waters are finding it difficult to source partners to develop their licences here.

There were a number of flakes of silver paint on the road, indicating where the car driven by Sean Collins hit cyclist Stefan Cooper from behind.

Providence Resources could drill off the west coast — as well as in the Celtic Sea — next year as it continues to ramp up exploration activity.

A VIP passenger will be onboard LÉ Niamh when she departs her base next week for a three-month migrant rescue mission in the Mediterranean Sea, writes Sean O’Riordan of the Irish Examiner.

Providence Resources has hit a second major setback in the Porcupine Basin after summer drilling at the Drombeg well 220km off shore failed to hit oil and has been abandoned. The shares, which had one stage plunged by a third, ended the session 16.5% lower.

THE Wild Atlantic Way tourism initiative is obviously a success, well planned and executed, paying dividends to the geographically marginalised communities through which it passes, writes Damien Enright.

Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.

Irish exploration firm Providence Resources looks set to save around $2.5m (€2.3m) in additional legal costs, arising from its recently concluded legal battle with drilling services firm Transocean.

Exploration company Providence Resources said it has entered the second half of the year with “renewed optimism” after seeing a near halving of its first-half losses and carrying out a company-saving funding round.

Dairy farmers have condemned co-ops for cutting June milk prices, despite stable pricing at Ornua, the major buyer of Irish dairy produce.

A number of so-called ‘super-majors’ — a term typically used to describe the biggest eight, or so, oil companies in the world — have shown interest in offshore assets held by freshly financed Irish explorer Providence Resources, its chief executive said yesterday.

This bungalow in a holiday-home development could also prove to become a viable long-term home, writes Tommy Barker.

Providence Resources — the Tony O’Reilly Jr-led exploration firm — has announced plans to raise nearly $74m (€66m) in fresh funds via what is, essentially, a company saving share sale.

Troubled Irish explorer Lansdowne Oil and Gas has applied for a resumption of trading in its shares to take effect from Wednesday of this week.

Shares in Circle Oil slumped after the Irish-based North African energy firm, which has a large band of small Irish shareholders, issued a grim warning about its debt pile.

The next five years is a make or break period for Ireland’s burgeoning offshore exploration sector, an industry analyst said yesterday.

A memorial consisting of three standing stones will honour West Cork men who lost their lives in service during the First World War.

A seaside village has got the go-ahead to launch the first community shop of its kind in West Cork, and local people will shortly be offered an opportunity to purchase shares in the initiative.

A lifeboat village battling the loss of rural services has plans to launch the first community shop of its kind in West Cork early next summer.

A picturesque seaside village is fighting back against the growing problem of rural isolation — with the planned provision of a community shop.

Trish Dromey dips a toe in a hidden cove and coastal offer with planning for a bigger three bed build.

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.

Most bulls his size would do serious damage in a china shop — but not so Rosemead Korona. The magnificent prize bull is so quiet, he could nearly take the bus to his last public appearance.

Lansdowne Oil & Gas — the Dublin-based junior partner in the Barryroe field in the Celtic Sea — has said its current model remains a viable growth option, despite seeing operating losses widen by 32%.

FOR a superb outdoor experience, salted with a bit of history, none will serve better on this Bank Holiday Monday than a coastal walk from picturesque Courtmacsherry village to Coolbawn (aka Blind Strand) on the Seven Heads.

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.

A mother has resorted to a crowdfunding website to raise money to provide medical treatment for her autistic son, after a two-year wait for an MRI scan described as “urgent” by a doctor.

Estate agent Damian Murray has been blessed - twice - with a West Cork home sale now called the Old Priest’s House - even though a priest never lived in it.

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.

Providence Resources has said that planning for a resumption of drilling at its highly-anticipated Barryroe field off the Cork coast, as well as plans to bring in a development partner for the asset, are at an advanced stage.

Providence Resources could see a 500% jump in its share price this year if it successfully manages to conclude its mooted 40% farm-out at its highly-rated Barryroe field in the Celtic Sea, according to one London-based exploration analyst.