Providence Resources News

 

Ireland: Providence Pens Barryroe Field Farmout Deal with SpotOn

Nov 30, 2020

Ireland-based oil and gas company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.Providence Resources, together with its partner Lansdowne Oil…

Leading Service Providers to Help Develop Barryroe Offshore Field

Jul 31, 2020

Irish oil and gas explorer Providence has shared a list of industry-leading service providers that are set to help develop its Barryroe oil and gas field offshore Ireland.Providence has been in Barryroe farm-out discussions with Norway-based SpotOn Energy…

Providence, SpotOn Working to Finalize Barryroe Farm-out

Jul 20, 2020

Ireland-based oil and gas company Providence Resources has said it is progressing farm-out talks with SpotOn Energy over its offshore block containing the Barryroe discovery.London-listed Providence said Monday that SpotOn Energy had confirmed…

Several Firms Show Interest in Barryroe, Providence Says

Feb 13, 2020

Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…

Providence's New CEO Eyeing Barryroe Investors

Jan 09, 2020

Irish oil and gas explorer Providence Resources has appointed Alan Linn as a new CEO. He hopes to help the company with the development of long-delayed Barryroe offshore oilfield. He will also join the board as an executive director.In a statement on Thursday…

Apache Makes Major Discovery Offshore Suriname

Jan 07, 2020

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery, dubbed 'among the most anticipated in the world' by one brokerage…

Providence Resources CEO Steps Down

Dec 09, 2019

Providence Resources chief executive officer Tony O’Reilly has stepped down from his position and resigned from the board with immediate effect to pursue outside opportunities, the Irish-based energy company announced.The company's board has initiated a process to identify and recruit a new CEO…

Providence to Operate Avalon as Total Exits

Nov 28, 2019

As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect, located offshore Ireland…

Providence Cleared for Barryroe Site Survey

Aug 09, 2019

Irish based oil and gas company Providence Resources informs it has received permission from Irish authorities to perform a site survey later this month at its operated Barryroe field within the within SEL 1/11 license offshore Ireland.SEL 1/11…

Further Delay in Barryroe Project Loan

Jun 18, 2019

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.The loan from Barryroe's Chinese backer was due by June 14…

National Grid Seeks Approval of Revolution Wind

Feb 17, 2019

National Grid, which provides power to Northeastern United States, filed for regulatory approval of a 20-year contract for energy from a new offshore wind farm – Revolution Wind.Revolution Wind is a next-generation 400-megawatt offshore wind…

Ørsted Concludes Deepwater Wind Acquisition

Nov 09, 2018

Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million.The company closed the transaction of acquiring 100% of equity stake held by D.E. Shaw group in Deepwater Wind…

Providence Resources Confident on Newgrange Prospect

Oct 16, 2018

Irish oil and gas exploration company Providence Resources said it had encouraging reports concerning frontier exploration licence (FEL) 6/14 situated at its Newgrange offshore, some 260 kilometres off the south-west coast of Ireland.FEL 6/14 is operated by Providence Resources…

Stone hits pay at Mt. Providence

Jan 10, 2018

US-based Stone Energy hit oil at its 100%-owned Mt. Providence development well in Mississippi Canyon block 28, in the deepwater US Gulf of Mexico. The Mt. Providence well (also known as MC 28 #4) hit approximately 153ft of high quality…

Providence farms out on Helvick and Dunmore, offshore Ireland

Nov 02, 2017

Providence Resources has been given consent to farm out stakes in the the Helvick and Dunmore Lease Undertakings (LU), in the North Celtic Sea Basin, and Dunquin South, in Frontier Exploration Licence (FEL) 3/04, in the southern Porcupine Basin offshore Ireland…

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