Providence plans to reduce exploration and focus on Barryroe
The oil exploration firm’s new chief executive Alan Scott Linn views deepwater explorations as a ‘drain on resources’
Providence Resources is planning to reduce its oil and gas exploration interests off the west coast of Ireland and focus on developing its Barryroe discovery into a gas field, according to new chief executive Alan Scott Linn.
Linn told the Business Post he was also interested in taking over the pipeline network at the nearby decommissioning Kinsale gas field, as he suspects Barryroe, off the south coast of Cork, is a much bigger gas prospect...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Banks have key role to play in boosting home retrofit activity, report finds
While grants are available for some of the cost of energy upgrades, it makes good business sense for lenders to remove the remaining barriers
ESB doubles borrowing limit to €12bn to fund renewable energy switch
The government hopes an energy overhaul will help Ireland meet its target of reducing greenhouse gas emissions
Shell investment gives ballast to floating windfarm company
Simply Blue Energy’s 300 MW development can provide enough power for 800,000 Irish homes should it be approved in renewable energy auctions later this decade
State’s retrofitting programme output fell by 31% last year
Fewer people sought to use clean energy grants during pandemic