Shares dive as Providence hits water in Irish oil well

Irish oil and gas explorer currently plugging and abandoning the well prospect

Cairn shares rise on increased forecasts from Senegal oil project

Group expects to make final investment decision on the project at end of 2018

This week in business: results, meetings and indicators

It cannot be said the build up to Independent News & Media’s agm has been dull

Providence Resources commences drilling at Porcupine Basin

Drilling of the Druid and Drombeg wells could take between 45 and 60 days

Providence shares up over 8% in early trade after new agreement

The agreement relates to operations off the Irish coast

Providence gets approval to transfer 30% of Irish licence to Cairn Energy

Cairn will pay up to $42m to drill in Porcupine Basin

Providence in partnership talks on ‘a number’ of projects

Oil exploration company raised $70m last year through share sale

Euro stocks erase losses as Draghi talks up recovery

European Central Bank president says the cyclical recovery may be gaining momentum

Cairn Energy could spend up to €40.3m on Irish projects

Independent Scottish Group is investing in exploration licences off the southwest coast

European stocks end four-day losing streak

Banks rally as strong US jobs data raises expectations of Fed Reserve interest rate hike

Providence Resources announces partner in Porcupine basin

Scottish-headquartered Cairn Energy takes 30 per cent working interest in well

The major business events happening this week

For Your Diary: Fyffes EGM; Irish inflation rate; ECB interest rate; results from Goldman Sachs and Citigroup

For your diary: business events happening this week

A round-up of announcements including results, indicators and inflation rates

Cairn Energy adds 20% to resource estimate

Company ‘well-placed’ to deliver additional value to shareholders

For your diary

A round up of business events happening this week

European shares rise ahead of ECB meeting

Kingspan most notable gainer in Dublin while Permanent TSB slips 7 per cent

Markets fall on back of worries about Chinese economy

Smurfit Kappa down despite acquisitions while Kingspan and Paddy Power both rise

Cairn successfully tests Senegal production well

Oil explorer Cairn Energy oilfield results send shares up 9%, later trading at 3%

Cairn Energy posts after tax first-half loss of $230 million

Oil explorer expects to begin Senegal drilling operations in the fourth quarter

Cadbury hit with $92m tax bill in India over ‘phantom’ factory

Indian authorities claim expansion of plant was portrayed as a new facility

Providence postpones exploration at Spanish Point well

Move follows ‘unforeseen’ changes to joint venture

Glass Lewis report backs Petroceltic but warns over drilling record

Irish oil and gas explorer set for bitter showdown with dissident shareholder

For your diary

A round-up of business events happening this week

One significant discovery ‘could supply’ country’s entire oil needs

Petrel Resources chairman says fiscal implications of one big oil find would be immense

AstraZeneca and Deutsche Bank drag down European shares

Airlines weakness reverses after Ryanair said average fares for 2015 would improve

European stocks fall as investors watch Ukraine

US and European Union impose sanctions on Russia and threaten further measures

Cairn Energy abandons well off Morocco

Company plans to drill nine exploration wells this year

For your diary

A round-up of business events happening this week

For your diary

Cairn’s farm-in deal for Spanish Point site wins approval

Operations on offshore site expected to begin in second quarter of 2014

Statoil delays Arctic oilfield project, blaming falling incentives

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