Irish oil producer Petroceltic International said it sold its Romanian unit to GVC Investment BV as it exits high-risk exploration ventures.
Irish oil and gas explorer Petroceltic International has moved to buy Scottish firm Melrose Resources in a £165million deal.
Irish oil and gas explorer Providence Resources said today it is suspending work on a development well on its UK onshore Singleton oil field after hitting technical issues.
The boss of Irish oil and gas explorer Providence Resources has hailed the start of a new era offshore Ireland.
Dana Petroleum said yesterday that since the start of the year it had completed drilling six exploration prospects which had resulted in three discoveries.
IRISH oil and gas operator Providence Resources said yesterday it had achieved better-than-expected results from a development well on its onshore Singleton oil field near Chichester in West Sussex.