A New York court will today influence the economic future of Argentina in a case that will have wide-ranging ramifications for other indebted nations, writes Nessa Ní Chasaide.
The ARA Libertad training ship was seized in October in the port of Tema as collateral for unpaid bonds dating from Argentina’s economic crisis a decade ago.
In his new book, Tom Clonan details the ups and downs of his tour of peacekeeping duty in Lebanon in the 1990s and how ‘Mary Robinson wears no knickers’ becomes a common greeting…
This week, the (not) Primate of All Ireland and his colleagues ruminate on multicultural Ireland and embrace the “great big melting pot our little island has become”.
SHARES of Irish oil company, Tullow Oil rose almost 6% on the news that the firm has discovered a major new oil field off Ghana.
The find is thought to be equivalent to one billion barrels of oil. The shares stand at $66 at 9.28am.
This is the second major discovery Tullow has made off the Ghana coast. Indications suggest the field is ‘world class’. Tullow had a 49.95% stake in the Owo field and a 22.895% stake in its other Ghana oil field – Jubilee.
Tullow exploration director Angus McCoss said: “Owo-1 has made a very substantial light oil discovery and continues the success of Tullow’s Equatorial Atlantic exploration campaign in West Africa. Given this success, we are immediately drilling an appraisal sidetrack to further assess the size of this find. Accelerated appraisal drilling will now focus on maturing the resources in both Owo and the adjacent Tweneboa accumulation towards commercialisation.”
Tullow has interests in over 85 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America. Tullow also has interests in the North Sea in addition to other interests in the Netherlands, South Asia and several African countries.
