Industry & Business

Tag "oil"

Irish-Based Oil and Gas Explorer Drills in West Africa

Tullow, an Irish oil and gas explorer stated that its project in West Africa is on schedule. The Ten project, based in Ghana, is expected to see oil within the next three weeks.

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Oil prices fall after Doha talks fail

Oil prices fell today after a meeting between major producing nations failed to agree an output freeze, leaving the world grappling with an excess of unwanted crude. The meeting in Qatar was

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Tullow Oil’s production delayed by two weeks

Tullow Oil’s production delayed by two weeksShares in Tullow Oil fell today as flows from a production vessel at its flagship field offshore Ghana will be further delayed by about two

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Oil prices hit 2016 high on output-freeze hopes

    Oil prices hit 2016 high on output-freeze hopes

US oil futures touched new highs for 2016 today and are set to post gains for a fifth straight week on growing optimism that major producers would strike a deal

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Oil prices dip after rally but supply worries persist

    Oil prices dip after rally but supply worries persist

Oil prices held most of the previous day’s strong gains today as a dive in US petrol stockpiles fuelled hopes for a pick-up in demand. But traders remain on edge over the

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Petroceltic gets buyout offer

Oil producer Petroceltic International’s  largest shareholder, Worldview Capital Management, has offered to acquire the company for £6.42m in cash. This comes a month after Petroceltic said it was considering an

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Exxon, Eni and Statoil win Irish offshore licences

The Government has awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil, allowing them to explore for hydrocarbons off the coast of Ireland. The Department

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Oil giant BP posts largest annual loss for 20 years

BP posted its largest annual loss for at least 20 years and revealed another 3,000 job losses as it continued to count the cost of plunging oil prices. The blue

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OPEC set to maintain oil output levels

    OPEC set to maintain oil output levels

OPEC appeared unlikely to cut oil production to lift languishing prices at a meeting in Vienna on Friday, potentially worsening one of the worst crude gluts in history. Despite oil

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