Tuesday July 14, 2020

Irish oil and gas industry a ‘sorry scene’, says Teeling

Daniel Murray

Business Reporter

23rd June, 2019
John Teeling: ‘The Corrib debacle has done serious damage to our reputation’ Barry Cronin

Corrib pipeline protests, increased petroleum taxes, a political campaign against oil and gas and challenges to drilling permits have all made Irish offshore oil and gas a “sorry scene” for business, according to John Teeling of Petrel Resources.

Teeling made the statement upon publication of the Petrel Resources plc preliminary results for 2018. Annual losses were €239,042, down substantially from 2017 losses of €4.4 million. Teeling said that oil and gas exploration was...

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