As tough decisions on cuts to greenhouse gas emissions threaten the stability of the Government coalition, one Irish company is betting on a new “boom” in oil and gas – and hopes to finally drill a well during this period of high prices. Petrel Resources PLC has just filed its annual report for 2021, the first market update by the oil and gas exploration company since two directors personally bought out a 20 per cent disputed shareholding in April, unfreezing it after a two-year legal saga. The industry commentary provided by the company’s chairman David Horgan is decidedly upbeat. “This…

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