Providence Resources PLC Company News

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Providence Expects to Drill Druid Prospect in Summer 2017
Providence Resources plc expects the Druid prospect, located in FEL 2/14 in the southern Porcupine Basin offshore Ireland, to be drilled in summer 2017.
8:00 PM EST | September 14, 2016
Newgrange Prospect Could Hold 13.6 Tcf of Gas
Providence Resources plc reveals that the Newgrange prospect, located in the Goban Spur Basin, could hold un-risked prospective resources of 13.6 trillion cubic feet of gas.
8:00 PM EST | July 11, 2016
Providence Offered LO 16/27 Offshore Ireland
Providence Resources plc is offered Licensing Option 16/27 in the Porcupine Basin, offshore Ireland, as part of the second phase of the Atlantic Margin Licensing Round.
8:00 PM EST | June 22, 2016
Ireland Awards 14 New Licensing Options
Ireland's department of natural resources announces the offer of 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.
8:00 PM EST | June 02, 2016
Providence Resources: Druid, Drombeg Prospects Could Hold 5B Barrels of Oil
Providence Resources confirms that the Druid and Drombeg prospects in the southern porcupine basin could hold total cumulative in-place un-risked prospective resources of 5 billion barrels of oil.
8:00 PM EST | April 21, 2016
Providence Resources in Talks with Creditor after $7M Judgement
Irish oil explorer Providence Resources is in talks with its main creditor to ensure it has sufficient resources to fulfil a court order to pay $7 million to drilling provider Transocean.
8:00 PM EST | April 12, 2016
Providence Resources Commences Farm-Out Process at Druid/Drombeg
Providence Resources issues a call for oil and gas companies to farm-in to its Druid/Drombeg prospects, located on the South Porcupine basin offshore Ireland.
7:00 PM EST | March 10, 2016
Providence: Celtic Sea Farm-out Discussions Continue
Providence Resources continues to look at farm-out options and marginal development solutions for its Celtic Sea assets.
7:00 PM EST | February 17, 2016
Large Cretaceous Structure Confirmed Offshore Ireland
Capricorn Ireland confirmed the presence of a large-base Cretaceous structural closure off the west coast of Ireland.
7:00 PM EST | January 28, 2016
Providence Agrees Terms with Searcher for New Survey Offshore Ireland
Providence Resources plc agrees terms with Searcher Seismic Pty Ltd for a new 3D seismic program in the southern Porcupine and Goban Spur basins, offshore south-western Ireland.
7:00 PM EST | January 21, 2016
Providence Expects Further CAPEX Cuts in 2016
The board of Providence Resources plc is anticipating further capital expenditure savings next year, following a cost reduction program in 2015 that has seen the company's CAPEX almost halve.
7:00 PM EST | December 16, 2015
Providence Agrees to Increase SEL 2/11 Stake to 100%
Providence Resources agrees to increase its equity stake in Standard Exploration Licence (SEL) 2/11, offshore Ireland, to 100%.
7:00 PM EST | December 03, 2015
Providence: SEL 1/11 License Extended
Providence Resources plc and Lansdowne Oil & Gas plc receive an extension for Standard Exploration Licence 1/11 located in the North Celtic Sea Basin, off the south coast of Ireland.
7:00 PM EST | November 02, 2015
Providence Resources Remains Optimistic about Irish Oil and Gas
Providence Resources says it remains well placed to deliver its plans and that it continues to be optimistic about the Irish oil and gas sector.
8:00 PM EST | September 28, 2015
Providence Signs Exploration Collaboration Agreement with Schlumberger
Providence Resources signs a collaboration agreement with Schlumberger for the exploration of the southern Porcupine and Goban Spur basins, which are located offshore Ireland.
8:00 PM EST | September 20, 2015
Providence Resources Receives 18-Month Extension for Licensing Option 13/04
Providence Resources receives 18-month extension for Licensing Option 13/04 by the Irish Minister of State at the Department of Communications, Energy and Natural Resources, until November 30th, 2016.
8:00 PM EST | July 13, 2015
Providence Increases Stake in Dunquin South Prospect
Independent explorer Providence Resources agrees to buy Atlantic Petroleum's four-percent stake in Frontier Exploration Licence 3/04, which lies in the Porcupine Basin offshore west Ireland.
8:00 PM EST | July 05, 2015
New Data Shows Large Paleocene System Offshore Ireland
New seismic data indicates the presence of a significant Paleocene deepwater channelized system in the northern Porcupine Basin, offshore western Ireland, Providence Resources reports.
8:00 PM EST | June 14, 2015
New Paleocene Deepwater Fan Prospect Identified Offshore Ireland
Providence Resources reports the presence of a new, large Paleocene, deepwater fan prospect on the FEL 2/4 licenses offshore southwest Ireland.
8:00 PM EST | June 09, 2015
Providence Resources Reports $12 Million Loss in 2014
Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.
8:00 PM EST | May 26, 2015
Providence Obtains Evidence of Hydrocarbons Near Polaris Prospect
Providence Resources obtains evidence of oil seeps some two miles from its Polaris prospect offshore Ireland.
8:00 PM EST | May 13, 2015
Spanish Point Appraisal Well Deferred
Cairn Energy reveals in its results statement for 2014 that an exploration/appraisal well planned near the Spanish Point discovery offshore Ireland will be deferred.
8:00 PM EST | March 09, 2015
Drombeg Prospect Suggests Large Deep-water Fan System
Providence Resources says an initial evaluation of seismic data acquired over its Drombeg prospect offshore Ireland reveals morphologies that are consistent with a large deep-water fan system.
7:00 PM EST | March 02, 2015
Judge Favors Providence in Transocean Dispute
Ireland's Providence Resources wins a case related to costs made against it by drilling firm Transocean.
7:00 PM EST | December 21, 2014
Faroe Wins Irish Licensing Options
Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.
8:00 PM EST | October 05, 2014
Providence Confirms Start of Newgrange Seismic Survey
Providence Resources says its seismic survey of the Newgrange area, offshore southwest Ireland, has begun.
8:00 PM EST | August 17, 2014
3D Seismic Survey Begins at Spanish Point South
Providence Resources announces the start of 3D seismic survey operations at Spanish Point South, offshore Ireland.
8:00 PM EST | August 13, 2014
Seismic Program About to Start Offshore SW Ireland
Providence Resources announces seismic survey off the southwest coast of Ireland.
8:00 PM EST | August 06, 2014
Cairn Postpones Spanish Point Drill Due to Rig Delays
Cairn Energy postpones the drilling of the Spanish Point appraisal well, offshore Ireland, due to rig refurbishment delays.
8:00 PM EST | July 08, 2014
Seismic Survey over Ireland's Drombeg Prospect Begins
Providence Resources reports the start of a 3D seismic survey over its Drombeg oil prospect, offshore southwest Ireland.
8:00 PM EST | June 29, 2014
Providence Offered Upgrade to its Newgrange Licensing Option
Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.
8:00 PM EST | April 16, 2014
Campaigners Highlight 'Shortcomings' of Irish Oil, Gas Tax Regime
As Ireland's energy minister appoints Wood Mackenzie to advise on the country's tax regime for oil and gas, campaign group Own Our Oil calls for an overhaul of how the industry is taxed and regulated.
7:00 PM EST | March 06, 2014
Barryroe License Area Extended
Providence Resources says the license area in which its 1.1-billion barrel Barryroe discovery is situated has been extended to the south and southeast.
7:00 PM EST | February 17, 2014
Providence Starts Planning Seismic Survey over Drombeg
Providence Resources begins planning a 3D seismic survey over its Drombeg prospect offshore Ireland.
7:00 PM EST | January 19, 2014
Providence Offered Celtic Sea Licensing Option
Providence Resources is offered a new licensing option in the South Celtic Sea Basin, offshore Ireland.
7:00 PM EST | December 04, 2013
ABT to Use Production Buoy System Offshore Ireland
ABT Oil & Gas farms into two currently non-commercial oil fields offshore Ireland in a deal that will see the deployment of its production buoy system.
7:00 PM EST | November 12, 2013
Dunquin Reservoir Found To Be Water Bearing
Providence Resources reports that the Dunquin North well off the southwest coast of Ireland has encountered a water-bearing reservoir.
8:00 PM EST | July 21, 2013
Cairn Gets Approval for Spanish Point Farm-In
Cairn Energy says the Irish government has given the go-ahead for the firm to farm into two licenses off the west coast of Ireland.
8:00 PM EST | July 08, 2013
Oil and Gas: What's In It For The Irish?
As voices emerge in Ireland critical of "overly generous" terms for oil and gas operators, Rigzone asks Provident Resources CEO Tony O'Reilly what the sector is doing for the Irish.
8:00 PM EST | June 23, 2013
Cairn Strikes Spanish Point Farm-In Deal
Cairn takes 38-percent stake, and assumes operatorship of, Spanish Point, offshore Ireland.
8:00 PM EST | May 06, 2013
Fastnet Awarded New Irish Licensing Option
Junior explorer Fastnet Oil & Gas reports that it has been awarded the East Mizzen Licensing Option over several blocks in the North Celtic Sea Basin.
8:00 PM EST | May 02, 2013
Exxon Spuds Dunquin Well Offshore Ireland
Providence Resources reports that Exxon has spud the Dunquin well off the west coast of Ireland.
8:00 PM EST | April 22, 2013
Providence: 311M Barrels of Recoverable Oil at Barryroe
Providence Resources says there are 311 million barrels of oil and 207 billion cubic feet of gas that can be recovered from its Barryroe discovery offshore Ireland.
8:00 PM EST | April 04, 2013
Providence Completes Sale of UK Onshore Assets
Providence Resources completes $66 million sale of UK onshore assets to IGas Energy.
7:00 PM EST | February 28, 2013
Fastnet Secures Deep Kinsale Farm-In Option
Fasnet Oil & Gas secures an option to farm into up to 60 percent of the Deep Kinsale prospect, offshore Ireland in the Celtic Sea.
7:00 PM EST | February 20, 2013
Survey Confirms Significant Oil Potential off Northern Ireland
Providence Resources reports that an airborne survey commissioned by the firm confirms significant oil potential in the Rathlin Basin, offshore Northern Ireland.
7:00 PM EST | January 23, 2013
Fastnet, Adriatic Take Celtic Sea License
Ireland awards Licensing Option 12/5, which covers part of the Celtic Sea, to Adriatic Oil which in turn farms out to Fastnet Oil and Gas.
7:00 PM EST | November 13, 2012
Providence Says Drombeg Could Contain 870M Barrels
Providence says seismic inversion program suggests 872 million barrels of oil on a P50 basis.
7:00 PM EST | November 11, 2012
Providence: Barryroe Has 'Significant Productive Potential'
Providence Resources says it is modeling a recovery factor of 31% for the development planning of its Barryroe oil discovery.
8:00 PM EST | October 09, 2012
Providence Set to Move Ahead with Dalkey Island Drilling
Providence Resources receives licenses that enable it to go ahead with drilling of Dalkey Island prospect, offshore Dublin in the Irish Sea.
8:00 PM EST | October 03, 2012